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Ipatha Sugar Series B Bloomberg Subindex Total R (SGGB) Showing Resistance Near $45.68

Apr 13, 2018 ( via COMTEX) --

For a hedged play on Ipatha Sugar Series B Bloomberg Subindex Total R (<a href="">SGGB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $45 covered call for a net debit in the $43.99 area. That is also the break-even stock price for the covered call. This trade will return 2.29%, or 23.94% annualized (for comparison purposes only), in 35 days. This covered call also provides 3.29% downside protection. The current 52-week low is $45.03 and the 52-week high is $51.82. Ipatha Sugar Series B Bloomberg Subindex Total R stock has been showing support around $45.10 and resistance in the $45.68 range. The stock closed Apr 12, 2018's trading session at $45.49.A

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