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 Sugar Subindex TR Series B ETN (SGGB) Showing Bearish Technicals With Support At $43.95

Oct 12, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Ipath.B Sugar Subindex TR Series B ETN (<a href="http://www.marketintelligencecenter.com/symbol/SGGB">SGGB</a>). Look at the Nov 16, 2018 $44 covered call for a net debit in the $42.96 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.59% downside protection. If the stock closes at or above $44 at expiration this trade will return 2.42% or 25.24% (for comparison purposes only). <br /> <br /> SGGB closed Oct 11, 2018's trading session at $44.56. In the past year, the stock has hit a 52-week low of $36.50 and 52-week high of $51.82. Ipath.B Sugar Subindex TR Series B ETN stock has been showing support around $43.95 and resistance in the $45.27 range. Recent technical indicators for the stock are bearish.

(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 66.30
Nat Gas 3.201
Corn 369 6/8
Cotton #2 78.59
Gold 1235.8
Copper 2.7525
Euro 1.15325
USD Index 95.605
SP500 E-mini 2710.25
DJIA E-mini 24895
close_icon
open_icon