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DJ-UBS Cocoa TR Sub-Idx ETN Ipath (NIB) Showing Bearish Technicals With Support At $26.33

Nov 09, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Cocoa TR Sub-Idx ETN Ipath (<a href="">NIB</a>). Look at the May 18, 2018 $26 covered call for a net debit in the $24.53 area.<br /> <br /> This trade has a duration of 190 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.08% downside protection. If the stock closes at or above $26 at expiration this trade will return 5.99% or 11.51% (for comparison purposes only). <br /> <br /> NIB closed Nov 8, 2017's trading session at $26.97. In the past year, the stock has hit a 52-week low of $21.17 and 52-week high of $31.60. DJ-UBS Cocoa TR Sub-Idx ETN Ipath stock has been showing support around $26.33 and resistance in the $27.45 range. Recent technical indicators for the stock are bearish.

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