Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

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

May 16, 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 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

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 71.77
Nat Gas 2.819
Corn 407
Cotton #2 84.55
Gold 1283.5
Copper 3.0825
Euro 1.17565
USD Index 93.870
SP500 E-mini 2727.00
DJIA E-mini 24929
close_icon
open_icon