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DJ-UBS Cotton TR Sub-Idx ETN Ipath (BAL) Trading Near $46.05 Resistance Level

Nov 10, 2017 ( 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 $45 covered call for a net debit in the $43.43 area. That is also the break-even stock price for the covered call. This trade will return 3.59%, or 10.40% annualized (for comparison purposes only), in 126 days. This covered call also provides 3.76% 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 $44.69 and resistance in the $46.05 range. The stock closed Nov 9, 2017's trading session at $45.13.A

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