For a hedged play on Randgold Resources (GOLD) MarketIntelligenceCenter.com’s patented trade-picking algorithms recommend the Jun 15, 2018 $77.50 covered call for a net debit in the $75.75 area. That is also the break-even stock price for the covered call. This trade will return 2.31%, or 29.07% annualized (for comparison purposes only), in 29 days. This covered call also provides 3.07% downside protection.
The current 52-week low is $76.01 and the 52-week high is $108.29. Randgold Resources stock has been showing support around $77.22 and resistance in the $78.78 range. The stock closed May 16, 2018's trading session at $78.15. Technical indicators for the stock are bearish and S&P gives GOLD a 4 STARS (out of 5) buy ranking.