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DJ-UBS Cocoa TR Sub-Idx ETN Ipath (NIB) Trading Near $22.65 Support Level

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on DJ-UBS Cocoa TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/NIB">NIB</a>) could yield about 6.53% (14.62% annualized, for comparison purposes only) in 163 days. Pair a long position in the stock with the May 18, 2018 $23 call for a net debit of about $21.58. This position also has 7.89% downside protection. DJ-UBS Cocoa TR Sub-Idx ETN Ipath closed at $23.44 Dec 5, 2017. Technical indicators for NIB are bearish and support and resistance have been about $22.65 and $24.39, respectively.A

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