Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Randgold Resources (GOLD) Trading Near $89.16 Support Level

Dec 07, 2017 ( via COMTEX) --'s patented algorithms have identified an attractive covered-call trade on Randgold Resources (<a href="">GOLD</a>). Look at the Jan 19, 2018 $90 covered call for a net debit in the $87.42 area.<br /> <br /> This trade has a duration of 43 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.31% downside protection. If the stock closes at or above $90 at expiration this trade will return 2.95% or 25.05% annually (for comparison purposes only). <br /> <br /> If you're interested in a lower-cost hedged trade on Randgold Resources, consider buying the Jan 18, 2019 $47.50 call and selling the Jan 19, 2018 $90 call for a net debit of $41.14. A<br /> <br /> This hedged trade uses a longer-term bought call instead of the long stock position in a traditional covered call. The hedged trade lasts 43 days and would provide 1.95% downside protection. If Randgold Resources is at or above $90 when the market closes in Jan 19, 2018, this trade will make a full return of 3.28% of the initial capital at risk for an annualized return rate of 27.84% (for comparison purposes only).<br /> <br /> GOLD closed Dec 6, 2017's trading session at $90.41. In the past year, the stock has hit a 52-week low of $67.54 and 52-week high of $108.29. Randgold Resources stock has been showing support around $89.16 and resistance in the $92.34 range. Technical indicators for the stock are bearish and S&P gives GOLD 3 STARS (out of 5) hold ranking.

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 574.20
Nat Gas 2.622
Corn 347 4/8
Cotton #2 75.92
Gold 121.9
Copper 3.1395
Euro 1.17500
USD Index 93.463
SP500 E-mini 2683.00
DJIA E-mini 24677