Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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

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

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on S&P Global Natural Resources SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GNR">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

(C) Copyright 2017, Marketintelligencecenter.com. 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 57.61
Nat Gas 2.807
Corn 351
Cotton #2 73.74
Gold 1252.3
Copper 2.9800
Euro 1.17980
USD Index 93.755
SP500 E-mini 2653.75
DJIA E-mini 24368
close_icon
open_icon