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DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trading Near $37.13 Resistance Level

Jan 12, 2018 ( via COMTEX) --

For a hedged play on DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="">JJC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $36 covered call for a net debit in the $35.07 area. That is also the break-even stock price for the covered call. This trade will return 2.62%, or 6.21% annualized (for comparison purposes only), in 154 days. This covered call also provides 4.49% downside protection. The current 52-week low is $27.93 and the 52-week high is $37.88. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $36.36 and resistance in the $37.13 range. The stock closed Jan 11, 2018's trading session at $36.72.A

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