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Potential DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trade Has 7.26% Downside Protection

Oct 12, 2017 ( 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 Feb 16, 2018 $28 covered call for a net debit in the $26.79 area. That is also the break-even stock price for the covered call. This trade will return 4.47%, or 12.86% annualized (for comparison purposes only), in 127 days. This covered call also provides 7.26% downside protection. The current 52-week low is $26.50 and the 52-week high is $52.34. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $28.61 and resistance in the $29.19 range. The stock closed Oct 11, 2017's trading session at $28.89.A

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