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Potential DJ-UBS Cotton TR Sub-Idx ETN Ipath (BAL) Trade Targets 3.10% Return

Dec 04, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on DJ-UBS Cotton TR Sub-Idx ETN Ipath (<a href="">BAL</a>). Look at the Jun 15, 2018 $45 covered call for a net debit in the $43.64 area.<br /> <br /> This trade has a duration of 193 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.72% downside protection. If the stock closes at or above $45 at expiration this trade will return 3.10% or 5.87% (for comparison purposes only). <br /> <br /> BAL closed Dec 1, 2017's trading session at $48.34. In the past year, the stock has hit a 52-week low of $43.61 and 52-week high of $56.45. DJ-UBS Cotton TR Sub-Idx ETN Ipath stock has been showing support around $48.12 and resistance in the $48.70 range. Recent technical indicators for the stock are bearish.

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