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Potential DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trade Has 4.91% Downside Protection

Sep 13, 2017 (Marketintelligencecenter.com via COMTEX) --

After Sep 12, 2017aEUR(TM)s trading in DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JJC">JJC</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 3.43% or 6.81% (for comparison purposes only), while providing 4.91% downside protection. The trade is a Mar 16, 2018 covered call at the $34 level for a net debit of about $32.86. 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 $34.31 and $34.75, respectively.

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