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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trading Near $30.53 Support Level

Nov 14, 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 Feb 16, 2018 $30 covered call for a net debit in the $28.87 area.<br /> <br /> This trade has a duration of 94 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.63% downside protection. If the stock closes at or above $30 at expiration this trade will return 3.91% or 15.19% (for comparison purposes only). <br /> <br /> SGG closed Nov 13, 2017's trading session at $30.92. In the past year, the stock has hit a 52-week low of $26.50 and 52-week high of $48.51. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $30.53 and resistance in the $31.19 range. Recent technical indicators for the stock are bearish.

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