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Ipath.B Sugar Subindex TR Series B ETN (SGGB) Showing Support Near $44.10

Jun 11, 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 Jul 20, 2018 $45 covered call for a net debit in the $43.75 area. That is also the break-even stock price for the covered call. This trade will return 2.85%, or 26.73% annualized (for comparison purposes only), in 39 days. This covered call also provides 4.37% 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 $44.10 and resistance in the $46.68 range. The stock closed Jun 8, 2018's trading session at $45.75.A

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