Return to News Categories

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 Cotton Subindex TR Series B ETN (BALB) Showing Resistance Near $57.95

Jun 14, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Cotton Subindex TR Series B ETN (<a href="">BALB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $57 covered call for a net debit in the $55.71 area. That is also the break-even stock price for the covered call. This trade will return 2.29%, or 23.29% annualized (for comparison purposes only), in 36 days. This covered call also provides 3.29% downside protection. The current 52-week low is $46.53 and the 52-week high is $58.52. Ipath.B Cotton Subindex TR Series B ETN stock has been showing support around $57.29 and resistance in the $57.95 range. The stock closed Jun 13, 2018's trading session at $57.61.A

(C) Copyright 2018, 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 66.32
Nat Gas 2.967
Corn 357 2/8
Cotton #2 84.73
Gold 1271.4
Copper 3.0435
Euro 1.17190
USD Index 94.280
SP500 E-mini 2765.25
DJIA E-mini 24585