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Potential DJ-UBS Coffee TR Sub-Idx ETN Ipath (JO) Trade Has 10.14% Downside Protection

Sep 08, 2017 ( via COMTEX) --

For a hedged play on DJ-UBS Coffee TR Sub-Idx ETN Ipath (<a href="">JO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $16 covered call for a net debit in the $15.05 area. That is also the break-even stock price for the covered call. This trade will return 6.31%, or 12.19% annualized (for comparison purposes only), in 189 days. This covered call also provides 10.14% downside protection. The current 52-week low is $15.17 and the 52-week high is $26.21. DJ-UBS Coffee TR Sub-Idx ETN Ipath stock has been showing support around $16.38 and resistance in the $17.02 range. The stock closed Sep 7, 2017's trading session at $16.75.A

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