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Potential DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trade Has 4.49% Downside Protection

Dec 06, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Copper TR Sub-Idx ETN Ipath (<a href="">JJC</a>). Look at the Mar 16, 2018 $33 covered call for a net debit in the $31.85 area.<br /> <br /> This trade has a duration of 100 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.49% downside protection. If the stock closes at or above $33 at expiration this trade will return 3.61% or 13.17% (for comparison purposes only). <br /> <br /> JJC closed Dec 5, 2017's trading session at $33.34. In the past year, the stock has hit a 52-week low of $27.93 and 52-week high of $37.30. DJ-UBS Copper TR Sub-Idx ETN Ipath stock has been showing support around $32.93 and resistance in the $33.96 range. Recent technical indicators for the stock are bearish.

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