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 Sugar Subindex TR Series B ETN (SGGB) Trading Near $42.44 Support Level

May 17, 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 Jun 15, 2018 $43 covered call for a net debit in the $41.92 area. That is also the break-even stock price for the covered call. This trade will return 2.57%, or 32.42% annualized (for comparison purposes only), in 29 days. This covered call also provides 3.11% 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 $42.44 and resistance in the $43.86 range. The stock closed May 16, 2018's trading session at $43.27.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 71.67
Nat Gas 2.919
Corn 408 6/8
Cotton #2 86.97
Gold 1294.5
Copper 3.0750
Euro 1.17190
USD Index 93.850
SP500 E-mini 2723.25
DJIA E-mini 24777