Mar 16, 2017 (Marketintelligencecenter.com via COMTEX) --
For a hedged play on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/SGG">SGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 19, 2017 $40 covered call for a net debit in the $38.40 area. That is also the break-even stock price for the covered call. This trade will return 4.13%, or 23.60% annualized (for comparison purposes only), in 64 days. This covered call also provides 4.23% downside protection. The current 52-week low is $32 and the 52-week high is $53.69. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $39.78 and resistance in the $40.36 range. The stock closed Mar 15, 2017's trading session at $40.11.A
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