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Potential Ipath.B Cotton Subindex TR Series B ETN (BALB) Trade Has 3.23% Downside Protection

Jul 12, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Cotton Subindex TR Series B ETN (<a href="">BALB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $52 covered call for a net debit in the $50.89 area. That is also the break-even stock price for the covered call. This trade will return 2.16%, or 21.91% annualized (for comparison purposes only), in 36 days. This covered call also provides 3.23% downside protection. The current 52-week low is $46.53 and the 52-week high is $58.52. Ipath.B Cotton Subindex TR Series B ETN stock has been showing support around $52.52 and resistance in the $52.76 range. The stock closed Jul 11, 2018's trading session at $52.59.A

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