Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential DJ-UBS Cocoa TR Sub-Idx ETN Ipath (NIB) Trade Has 7.66% Downside Protection

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Cocoa TR Sub-Idx ETN Ipath (<a href="http://www.marketintelligencecenter.com/symbol/NIB">NIB</a>). Look at the May 18, 2018 $24 covered call for a net debit in the $22.89 area.<br /> <br /> This trade has a duration of 165 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.66% downside protection. If the stock closes at or above $24 at expiration this trade will return 4.79% or 10.60% (for comparison purposes only). <br /> <br /> NIB closed Dec 1, 2017's trading session at $24.78. In the past year, the stock has hit a 52-week low of $21.17 and 52-week high of $30.58. DJ-UBS Cocoa TR Sub-Idx ETN Ipath stock has been showing support around $24.57 and resistance in the $25.03 range. Recent technical indicators for the stock are bearish.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 574.20
Nat Gas 2.622
Corn 347 4/8
Cotton #2 75.92
Gold 121.9
Copper 3.1395
Euro 1.17500
USD Index 93.463
SP500 E-mini 2683.00
DJIA E-mini 24677
close_icon
open_icon