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DJ-UBS Cotton TR Sub-Idx ETN Ipath (BAL) Showing Bearish Technicals

Feb 14, 2018 ( via COMTEX) --

For a hedged play on DJ-UBS Cotton TR Sub-Idx ETN Ipath (<a href="">BAL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $50 covered call for a net debit in the $48.97 area. That is also the break-even stock price for the covered call. This trade will return 2.10%, or 25.59% annualized (for comparison purposes only), in 30 days. This covered call also provides 2.58% downside protection. The current 52-week low is $43.61 and the 52-week high is $56.45. DJ-UBS Cotton TR Sub-Idx ETN Ipath stock has been showing support around $50.02 and resistance in the $50.78 range. The stock closed Feb 13, 2018's trading session at $50.27.A

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