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Potential DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trade Has 8.65% Downside Protection

Mar 12, 2018 ( via COMTEX) --

After Mar 9, 2018aEUR(TM)s trading in DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 5.25% or 12.15% (for comparison purposes only), while providing 8.65% downside protection. The trade is a Aug 17, 2018 covered call at the $25 level for a net debit of about $23.75. 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 $25.51 and $26.27, respectively.

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