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Potential DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trade Has 4.74% Downside Protection

Aug 09, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JJC">JJC</a>). Look at the Dec 15, 2017 $33 covered call for a net debit in the $32.10 area.<br /> <br /> This trade has a duration of 128 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.74% downside protection. If the stock closes at or above $33 at expiration this trade will return 2.77% or 7.90% (for comparison purposes only). <br /> <br /> JJC closed Aug 8, 2017's trading session at $33.70. In the past year, the stock has hit a 52-week low of $23.41 and 52-week high of $33.74. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $32.96 and resistance in the $34.12 range. Recent technical indicators for the stock are bearish.

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