Mar 16, 2017 (Marketintelligencecenter.com via COMTEX) --
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JJC">JJC</a>). Look at the Sep 15, 2017 $30 covered call for a net debit in the $28.87 area.<br /> <br /> This trade has a duration of 183 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.55% downside protection. If the stock closes at or above $30 at expiration this trade will return 3.87% or 7.73% (for comparison purposes only). <br /> <br /> JJC closed Mar 15, 2017's trading session at $30.57. In the past year, the stock has hit a 52-week low of $22.95 and 52-week high of $32.39. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $30.26 and resistance in the $30.84 range. Recent technical indicators for the stock are bearish.
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