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DJ-UBS Cocoa TR Sub-Idx ETN Ipath (NIB) Trading Near $29.04 Resistance Level

Mar 05, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on DJ-UBS Cocoa TR Sub-Idx ETN Ipath (<a href="">NIB</a>) could yield about 3.31% (26.35% annualized, for comparison purposes only) in 46 days. Pair a long position in the stock with the Apr 20, 2018 $28 call for a net debit of about $27.10. This position also has 4.24% downside protection. DJ-UBS Cocoa TR Sub-Idx ETN Ipath closed at $28.28 Mar 2, 2018. Technical indicators for NIB are bearish and support and resistance have been about $27.20 and $29.04, respectively.A

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