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Potential DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Trade Has 8.41% Downside Protection

Jan 11, 2018 ( via COMTEX) --

After Jan 10, 2018aEUR(TM)s trading in DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="">JO</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 6% or 14.14% (for comparison purposes only), while providing 8.41% downside protection. The trade is a Jun 15, 2018 covered call at the $15 level for a net debit of about $14.14. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $15.24 and $15.60, respectively.

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