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Ipath.B Sugar Subindex TR Series B ETN (SGGB) Showing Support Near $41.33

Jul 10, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Sugar Subindex TR Series B ETN (<a href="">SGGB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Nov 16, 2018 $41 covered call for a net debit in the $38.92 area. That is also the break-even stock price for the covered call. This trade will return 5.34%, or 15.12% annualized (for comparison purposes only), in 129 days. This covered call also provides 7.15% downside protection. The current 52-week low is $41.15 and the 52-week high is $51.82. Ipath.B Sugar Subindex TR Series B ETN stock has been showing support around $41.33 and resistance in the $42.73 range. The stock closed Jul 9, 2018's trading session at $41.91.A

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