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DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Showing Resistance Near $15.49

Jan 12, 2018 ( 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 $14.14 area. That is also the break-even stock price for the covered call. This trade will return 6.08%, or 14.41% annualized (for comparison purposes only), in 154 days. This covered call also provides 7.21% downside protection. The current 52-week low is $14.67 and the 52-week high is $22.60. DJ-UBS Coffee TR Sub-Idx ETN Ipath stock has been showing support around $15.07 and resistance in the $15.49 range. The stock closed Jan 11, 2018's trading session at $15.23.A

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