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Potential DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trade Has 4.03% Downside Protection

Mar 13, 2018 ( via COMTEX) --

For a hedged play on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $26 covered call for a net debit in the $24.98 area. That is also the break-even stock price for the covered call. This trade will return 4.04%, or 22.35% annualized (for comparison purposes only), in 66 days. This covered call also provides 4.03% downside protection. The current 52-week low is $25.61 and the 52-week high is $40.56. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $25.57 and resistance in the $26.31 range. The stock closed Mar 12, 2018's trading session at $26.04.A

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