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Ipatha Sugar Series B Bloomberg Subindex Total R (SGGB) Showing Support Near $50.61

Mar 05, 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 Aug 17, 2018 $51 covered call for a net debit in the $48.46 area. That is also the break-even stock price for the covered call. This trade will return 5.19%, or 11.49% annualized (for comparison purposes only), in 165 days. This covered call also provides 5.08% downside protection. The current 52-week low is $48.19 and the 52-week high is $51.82. Ipatha Sugar Series B Bloomberg Subindex Total R stock has been showing support around $50.61 and resistance in the $51.89 range. The stock closed Mar 2, 2018's trading session at $51.07.A

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