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DJ-UBS Livestock TR Sub-Idx ETN Ipath (COW) Trading Near $22.71 Support Level

Mar 08, 2018 ( via COMTEX) --

For a hedged play on DJ-UBS Livestock TR Sub-Idx ETN Ipath (<a href="">COW</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 19, 2018 $22 covered call for a net debit in the $21.07 area. That is also the break-even stock price for the covered call. This trade will return 4.41%, or 7.16% annualized (for comparison purposes only), in 225 days. This covered call also provides 8.07% downside protection. The current 52-week low is $21.75 and the 52-week high is $26.25. DJ-UBS Livestock TR Sub-Idx ETN Ipath stock has been showing support around $22.71 and resistance in the $23.03 range. The stock closed Mar 7, 2018's trading session at $22.92.A

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