Mar 17, 2017 (Marketintelligencecenter.com via COMTEX) --
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JO">JO</a>). Look at the Sep 15, 2017 $19 covered call for a net debit in the $17.89 area.<br /> <br /> This trade has a duration of 182 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.60% downside protection. If the stock closes at or above $19 at expiration this trade will return 6.20% or 12.44% (for comparison purposes only). <br /> <br /> JO closed Mar 16, 2017's trading session at $19.79. In the past year, the stock has hit a 52-week low of $17.92 and 52-week high of $26.21. DJ-UBS Coffee TR Sub-Idx ETN Ipath stock has been showing support around $19.43 and resistance in the $20.33 range. Recent technical indicators for the stock are bearish.
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