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Potential DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Trade Has 5.56% Downside Protection

Sep 11, 2017 ( via COMTEX) --

After Sep 8, 2017aEUR(TM)s trading in DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 3.60% or 19.64% (for comparison purposes only), while providing 5.56% downside protection. The trade is a Nov 17, 2017 covered call at the $29 level for a net debit of about $27.98. 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 $29.20 and $30.32, respectively.

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