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Ipath.B S&P 500 VIX Short-Term Futures ETN (VXXB) Showing Bearish Technicals With Resistance At $42.84

Jan 11, 2019 ( via COMTEX) --

For a hedged play on Ipath.B S&P 500 VIX Short-Term Futures ETN (<a href="">VXXB</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Jun 21, 2019 $37 covered call for a net debit in the $31.69 area. That is also the break-even stock price for the covered call. This trade will return 16.75%, or 37.98% annualized (for comparison purposes only), in 161 days. This covered call also provides 21.92% downside protection. A lower-cost play on Ipath.B S&P 500 VIX Short-Term Futures ETN would use a longer term call option in place of the long position in the stock. Look at the Jan 17, 2020 $21 call and the same sold call for a net debit of $12.44.This trade only has 17.59% downside protection, but the assigned return rate rises to 28.51% or an annualized rate of 64.64% (for comparison purposes only). The current 52-week low is $25.94 and the 52-week high is $58.10. Ipath.B S&P 500 VIX Short-Term Futures ETN stock has been showing support around $39.46 and resistance in the $42.84 range. The stock closed Jan 10, 2019's trading session at $40.59.A

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