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Potential DJ-UBS Copper TR Sub-Idx ETN Ipath (JJC) Trade Has 6.85% Downside Protection

Dec 05, 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 Jun 15, 2018 $34 covered call for a net debit in the $32.59 area.<br /> <br /> This trade has a duration of 192 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.85% downside protection. If the stock closes at or above $34 at expiration this trade will return 4.32% or 8.22% (for comparison purposes only). <br /> <br /> JJC closed Dec 4, 2017's trading session at $34.99. 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 $34.82 and resistance in the $35.26 range. Recent technical indicators for the stock are bearish.

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