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Ipath.B Coffee Subindex TR Series B ETN (BJO) Showing Resistance Near $46.54

May 16, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Coffee Subindex TR Series B ETN (<a href="">BJO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $46 covered call for a net debit in the $43.75 area. That is also the break-even stock price for the covered call. This trade will return 5.14%, or 14.66% annualized (for comparison purposes only), in 128 days. This covered call also provides 5.30% downside protection. The current 52-week low is $45.39 and the 52-week high is $49.99. Ipath.B Coffee Subindex TR Series B ETN stock has been showing support around $45.70 and resistance in the $46.54 range. The stock closed May 15, 2018's trading session at $46.20.A

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