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Ipath.B Coffee Subindex TR Series B ETN (BJO) Showing Support Near $45.75

Jun 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 Jul 20, 2018 $46 covered call for a net debit in the $45.07 area. That is also the break-even stock price for the covered call. This trade will return 2.06%, or 19.82% annualized (for comparison purposes only), in 38 days. This covered call also provides 2.59% 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 $45.75 and resistance in the $46.73 range. The stock closed Jun 11, 2018's trading session at $46.27.A

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