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DJ-UBS Sugar TR Sub-Idx ETN Ipath (SGG) Showing Support Near $30.74

Jan 03, 2018 ( via COMTEX) --

For a hedged play on DJ-UBS Sugar TR Sub-Idx ETN Ipath (<a href="">SGG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $31 covered call for a net debit in the $30.10 area. That is also the break-even stock price for the covered call. This trade will return 2.99%, or 24.80% annualized (for comparison purposes only), in 44 days. This covered call also provides 3.98% downside protection. The current 52-week low is $26.50 and the 52-week high is $47.77. DJ-UBS Sugar TR Sub-Idx ETN Ipath stock has been showing support around $30.74 and resistance in the $31.66 range. The stock closed Jan 2, 2018's trading session at $31.35.A

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