Mar 17, 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 Apr 21, 2017 $40 covered call for a net debit in the $39.07 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.85% downside protection. If the stock closes at or above $40 at expiration this trade will return 2.35% or 24.55% (for comparison purposes only). <br /> <br /> SGG closed Mar 16, 2017's trading session at $40.22. 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 $39.70 and resistance in the $40.82 range. Recent technical indicators for the stock are bearish.
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