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Potential Ipath.B Coffee Subindex TR Series B ETN (BJO) Trade Has 3.90% Downside Protection

Oct 11, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Ipath.B Coffee Subindex TR Series B ETN (<a href="">BJO</a>). Look at the Nov 16, 2018 $42 covered call for a net debit in the $40.55 area.<br /> <br /> This trade has a duration of 36 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.90% downside protection. If the stock closes at or above $42 at expiration this trade will return 3.57% or 36.25% (for comparison purposes only). <br /> <br /> BJO closed Oct 10, 2018's trading session at $42.20. In the past year, the stock has hit a 52-week low of $35.95 and 52-week high of $49.99. Ipath.B Coffee Subindex TR Series B ETN stock has been showing support around $41.76 and resistance in the $43 range. Recent technical indicators for the stock are bearish.

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