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DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Showing Resistance Near $19.52

Aug 09, 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 Dec 15, 2017 $19 covered call for a net debit in the $17.81 area. That is also the break-even stock price for the covered call. This trade will return 6.68%, or 19.05% annualized (for comparison purposes only), in 128 days. This covered call also provides 7.52% 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 $19.08 and resistance in the $19.52 range. The stock closed Aug 8, 2017's trading session at $19.26.A

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