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Potential DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trade Has 5.04% Downside Protection

Nov 06, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/JJC">JJC</a>). Look at the Mar 16, 2018 $35 covered call for a net debit in the $33.75 area.<br /> <br /> This trade has a duration of 130 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.04% downside protection. If the stock closes at or above $35 at expiration this trade will return 3.70% or 10.39% (for comparison purposes only). <br /> <br /> JJC closed Nov 3, 2017's trading session at $35.53. In the past year, the stock has hit a 52-week low of $25.63 and 52-week high of $37.30. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $35.17 and resistance in the $36.11 range. Recent technical indicators for the stock are bearish.

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