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Potential Ipath.B Sugar Subindex TR Series B ETN (SGGB) Trade Could Hit 6.91% Return

May 14, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Sugar Subindex TR Series B ETN (<a href="">SGGB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Nov 16, 2018 $41 covered call for a net debit in the $38.35 area. That is also the break-even stock price for the covered call. This trade will return 6.91%, or 13.56% annualized (for comparison purposes only), in 186 days. This covered call also provides 8.58% downside protection. The current 52-week low is $41.15 and the 52-week high is $51.82. Ipath.B Sugar Subindex TR Series B ETN stock has been showing support around $41.74 and resistance in the $42.12 range. The stock closed May 11, 2018's trading session at $41.95.A

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