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Ipath.B Copper Subindex TR Series B ETN (JJCB) Trading Near $48.22 Support Level

May 15, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Copper Subindex TR Series B ETN (<a href="">JJCB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $48 covered call for a net debit in the $46.22 area. That is also the break-even stock price for the covered call. This trade will return 3.82%, or 10.83% annualized (for comparison purposes only), in 129 days. This covered call also provides 4.14% downside protection. The current 52-week low is $46.50 and the 52-week high is $50.22. Ipath.B Copper Subindex TR Series B ETN stock has been showing support around $48.22 and resistance in the $48.26 range. The stock closed May 14, 2018's trading session at $48.22.A

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