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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trading Near $30.49 Resistance Level

Sep 07, 2017 ( via COMTEX) --

For a hedged play on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 20, 2017 $30 covered call for a net debit in the $28.97 area. That is also the break-even stock price for the covered call. This trade will return 3.51%, or 29.87% annualized (for comparison purposes only), in 43 days. This covered call also provides 3.65% downside protection. The current 52-week low is $26.50 and the 52-week high is $53.69. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $29.53 and resistance in the $30.49 range. The stock closed Sep 6, 2017's trading session at $30.07.A

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