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Potential DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trade Has 6.67% Downside Protection

Mar 17, 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 Sep 15, 2017 $30 covered call for a net debit in the $28.64 area.<br /> <br /> This trade has a duration of 182 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.67% downside protection. If the stock closes at or above $30 at expiration this trade will return 4.74% or 9.52% (for comparison purposes only). <br /> <br /> JJC closed Mar 16, 2017's trading session at $30.69. In the past year, the stock has hit a 52-week low of $22.95 and 52-week high of $32.39. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $30.51 and resistance in the $30.93 range. Recent technical indicators for the stock are bearish.

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