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DJ-UBS Cotton TR Sub-Idx ETN Ipath (BAL) Showing Bearish Technicals With Resistance At $48.26

Dec 05, 2017 ( via COMTEX) --

For a hedged play on DJ-UBS Cotton TR Sub-Idx ETN Ipath (<a href="">BAL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $48 covered call for a net debit in the $46.67 area. That is also the break-even stock price for the covered call. This trade will return 2.84%, or 10.29% annualized (for comparison purposes only), in 101 days. This covered call also provides 3.21% downside protection. The current 52-week low is $43.61 and the 52-week high is $56.45. DJ-UBS Cotton TR Sub-Idx ETN Ipath stock has been showing support around $48.20 and resistance in the $48.26 range. The stock closed Dec 4, 2017's trading session at $48.22.A

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