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

Potential DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Trade Has 7.50% Downside Protection

Aug 10, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="">JO</a>) could yield about 6.50% (18.67% annualized, for comparison purposes only) in 127 days. Pair a long position in the stock with the Dec 15, 2017 $19 call for a net debit of about $17.82. This position also has 7.50% downside protection. DJ-UBS Coffee TR Sub-Idx ETN Ipath closed at $19.29 Aug 9, 2017. Technical indicators for JO are bearish and support and resistance have been about $19.08 and $19.48, respectively.A

(C) Copyright 2017, 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 47.73
Nat Gas 2.942
Corn 359 6/8
Cotton #2 68.29
Gold 1290.9
Copper 2.9790
Euro 1.17755
USD Index 93.450
SP500 E-mini 2448.00
DJIA E-mini 21855