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Potential S&P Global Natural Resources SPDR (GNR) Trade Has 2.75% Downside Protection

Dec 04, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on S&P Global Natural Resources SPDR (<a href="">GNR</a>) could yield about 2.48% (4.70% annualized, for comparison purposes only) in 193 days. Pair a long position in the stock with the Jun 15, 2018 $47 call for a net debit of about $45.85. This position also has 2.75% downside protection. S&P Global Natural Resources SPDR closed at $47.14 Dec 1, 2017. Technical indicators for GNR are bearish and support and resistance have been about $46.67 and $47.65, respectively.A

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