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Potential DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trade Has 7.77% Downside Protection

Aug 09, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>). Look at the Nov 17, 2017 $28 covered call for a net debit in the $26.67 area.<br /> <br /> This trade has a duration of 100 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.77% downside protection. If the stock closes at or above $28 at expiration this trade will return 4.94% or 18.05% (for comparison purposes only). <br /> <br /> SGG closed Aug 8, 2017's trading session at $28.93. In the past year, the stock has hit a 52-week low of $26.50 and 52-week high of $53.69. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $28.48 and resistance in the $29.74 range. Recent technical indicators for the stock are bearish.

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