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DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Showing Bearish Technicals

Nov 06, 2017 ( via COMTEX) --

For a hedged play on DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="">JO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $15 covered call for a net debit in the $14.07 area. That is also the break-even stock price for the covered call. This trade will return 6.58%, or 10.91% annualized (for comparison purposes only), in 221 days. This covered call also provides 11.60% downside protection. The current 52-week low is $15.17 and the 52-week high is $26.21. DJ-UBS Coffee TR Sub-Idx ETN Ipath stock has been showing support around $15.58 and resistance in the $16.48 range. The stock closed Nov 3, 2017's trading session at $15.92.A

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