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

Aug 10, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JO">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

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