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Royal Gold (RGLD) Trading Near $82.93 Resistance Level

Dec 06, 2017 ( via COMTEX) --

After Dec 5, 2017aEUR(TM)s trading in Royal Gold (<a href="">RGLD</a>)'s option trade-picking algorithms uncovered a trade that offers a 5.30% or 14.34% (for comparison purposes only), while providing 6.97% downside protection. The trade is a Apr 20, 2018 covered call at the $80 level for a net debit of about $75.96. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $60 level. By buying the call for $23.64 instead of paying about $81.66 for the stock, the assigned return rate for this alternate trade is 11.42%, but the stock has to finish above $77.95 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $80.39 and $82.93, respectively.

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