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Potential Ipath.B Sugar Subindex TR Series B ETN (SGGB) Trade Has 7.04% Downside Protection

Jul 11, 2018 ( via COMTEX) --

For a hedged play on Ipath.B Sugar Subindex TR Series B ETN (<a href="">SGGB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Nov 16, 2018 $41 covered call for a net debit in the $38.90 area. That is also the break-even stock price for the covered call. This trade will return 5.37%, or 15.31% annualized (for comparison purposes only), in 128 days. This covered call also provides 7.04% downside protection. The current 52-week low is $41.15 and the 52-week high is $51.82. Ipath.B Sugar Subindex TR Series B ETN stock has been showing support around $41.21 and resistance in the $42.19 range. The stock closed Jul 10, 2018's trading session at $41.86.A

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