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Ipath.B Coffee Subindex TR Series B ETN (BJO) Showing Bearish Technicals With Resistance At $43.43

Oct 12, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Ipath.B Coffee Subindex TR Series B ETN (<a href="http://www.marketintelligencecenter.com/symbol/BJO">BJO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Nov 16, 2018 $42 covered call for a net debit in the $40.91 area. That is also the break-even stock price for the covered call. This trade will return 2.66%, or 27.78% annualized (for comparison purposes only), in 35 days. This covered call also provides 4.21% downside protection. The current 52-week low is $35.95 and the 52-week high is $49.99. Ipath.B Coffee Subindex TR Series B ETN stock has been showing support around $41.75 and resistance in the $43.43 range. The stock closed Oct 11, 2018's trading session at $42.70.A

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