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Potential Ipath.B Coffee Subindex TR Series B ETN (BJO) Trade Could Hit 2.04% Return

Apr 17, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Coffee Subindex TR Series B ETN (<a href="">BJO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $45 covered call for a net debit in the $44.10 area. That is also the break-even stock price for the covered call. This trade will return 2.04%, or 12.62% annualized (for comparison purposes only), in 59 days. This covered call also provides 3.81% downside protection. The current 52-week low is $45.78 and the 52-week high is $49.99. Ipath.B Coffee Subindex TR Series B ETN stock has been showing support around $44.94 and resistance in the $47.53 range. The stock closed Apr 16, 2018's trading session at $45.84.A

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