Will iPath Bloomberg Coffee Subindex Total Return SM Index ETN Go Down Anytime Soon? Option Trader Doubt That

 Will iPath Bloomberg Coffee Subindex Total Return SM Index ETN Go Down Anytime Soon? Option Trader Doubt That

In today’s session iPath Bloomberg Coffee Subindex Total Return SM Index ETN (JO) registered an unusually high (602) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious JO increase. With 602 contracts traded and 5594 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: JO170317C00022000 closed last at: $1.85 or 7.5% down. It is down 20.58% since March 8, 2016 and is uptrending. It has outperformed by 11.26% the S&P500.

More notable recent iPath Bloomberg Coffee Subindex Total Return SM Index ETN (NYSEARCA:JO) news were published by: Marketwatch.com which released: “iPath Bloomberg Coffee Subindex Total Return ETN” on June 16, 2010, also Benzinga.com with their article: “Best And Worst ETFs Of The Week Amid The Hunt For NASDAQ 5000” published on February 28, 2015, Businesswire.com published: “Barclays Bank PLC Announces End of Consent Solicitation for Select iPath …” on April 01, 2015. More interesting news about iPath Bloomberg Coffee Subindex Total Return SM Index ETN (NYSEARCA:JO) were released by: Seekingalpha.com and their article: “Why It Is The Perfect Timing To Buy Coffee” published on October 08, 2015 as well as Businesswire.com‘s news article titled: “Barclays Bank PLC Extends Consent Solicitation Period for Select iPath …” with publication date: February 29, 2016.

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