Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>). Look at the May 19, 2017 $40 covered call for a net debit in the $39.10 area.<br /> <br /> This trade has a duration of 60 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.96% downside protection. If the stock closes at or above $40 at expiration this trade will return 2.27% or 13.83% (for comparison purposes only). <br /> <br /> SGG closed Mar 17, 2017's trading session at $40.31. In the past year, the stock has hit a 52-week low of $32 and 52-week high of $53.69. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $37.74 and resistance in the $41.64 range. Recent technical indicators for the stock are bearish.
(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.