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Potential Ipath.B Sugar Subindex TR Series B ETN (SGGB) Trade Could Hit 2.84% Return

Oct 11, 2018 ( via COMTEX) --

After Oct 10, 2018aEUR(TM)s trading in Ipath.B Sugar Subindex TR Series B ETN (<a href="">SGGB</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.84% or 28.85% (for comparison purposes only), while providing 4.78% downside protection. The trade is a Nov 16, 2018 covered call at the $43 level for a net debit of about $41.80. 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 $42.51 and $45.75, respectively.

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