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Potential DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trade Could Hit 4.28% Return

Feb 12, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>). Look at the May 18, 2018 $27 covered call for a net debit in the $25.89 area.<br /> <br /> This trade has a duration of 95 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.16% downside protection. If the stock closes at or above $27 at expiration this trade will return 4.28% or 16.46% (for comparison purposes only). <br /> <br /> SGG closed Feb 9, 2018's trading session at $27.57. In the past year, the stock has hit a 52-week low of $26.12 and 52-week high of $46.46. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $26.88 and resistance in the $28.28 range. Recent technical indicators for the stock are bearish.

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