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Potential DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Trade Could Hit 11.02% Return

Mar 13, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="">JO</a>). Look at the Jan 18, 2019 $14 covered call for a net debit in the $12.60 area.<br /> <br /> This trade has a duration of 311 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.49% downside protection. If the stock closes at or above $14 at expiration this trade will return 11.02% or 12.93% (for comparison purposes only). <br /> <br /> JO closed Mar 12, 2018's trading session at $14.40. In the past year, the stock has hit a 52-week low of $14.41 and 52-week high of $20.46. DJ-UBS Coffee TR Sub-Idx ETN Ipath stock has been showing support around $14.27 and resistance in the $14.69 range. Recent technical indicators for the stock are bearish.

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