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Potential Ipath.B S&P 500 VIX Mid-Term Futures ETN (VXZB) Trade Has 7.54% Downside Protection

Jan 11, 2019 ( via COMTEX) --

For a hedged play on Ipath.B S&P 500 VIX Mid-Term Futures ETN (<a href="">VXZB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 21, 2019 $21 covered call for a net debit in the $19.60 area. That is also the break-even stock price for the covered call. This trade will return 7.08%, or 16.06% annualized (for comparison purposes only), in 161 days. This covered call also provides 7.54% downside protection. The current 52-week low is $16.72 and the 52-week high is $23.08. Ipath.B S&P 500 VIX Mid-Term Futures ETN stock has been showing support around $21.08 and resistance in the $21.46 range. The stock closed Jan 10, 2019's trading session at $21.20.A

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