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Potential DJ-UBS Cocoa TR Sub-Idx ETN Ipath (NIB) Trade Has 6.61% Downside Protection

Dec 05, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Cocoa TR Sub-Idx ETN Ipath (<a href="">NIB</a>). Look at the May 18, 2018 $24 covered call for a net debit in the $22.59 area.<br /> <br /> This trade has a duration of 164 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.61% downside protection. If the stock closes at or above $24 at expiration this trade will return 6.19% or 13.78% (for comparison purposes only). <br /> <br /> NIB closed Dec 4, 2017's trading session at $24.20. In the past year, the stock has hit a 52-week low of $21.17 and 52-week high of $30.14. DJ-UBS Cocoa TR Sub-Idx ETN Ipath stock has been showing support around $23.91 and resistance in the $24.79 range. Recent technical indicators for the stock are bearish.

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