In today’s session iPath Bloomberg Coffee Subindex Total Return SM Index ETN (JO) registered an unusually high (1,042) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious JO increase. With 1,042 contracts traded and 744 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: JO170616C00022000 closed last at: $3.3 or 8.3% down. It is down 22.94% since April 18, 2016 and is uptrending. It has outperformed by 18.51% 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 Forbes.com with their article: “Commodities Are The Best Bargain Now — Here’s What To Buy” published on August 22, 2016, Benzinga.com published: “Best And Worst ETFs Of The Week Amid The Hunt For NASDAQ 5000” on February 28, 2015. More interesting news about iPath Bloomberg Coffee Subindex Total Return SM Index ETN (NYSEARCA:JO) were released by: Businesswire.com and their article: “Barclays Bank PLC Announces End of Consent Solicitation for Select iPath …” published on April 01, 2015 as well as Seekingalpha.com‘s news article titled: “Why It Is The Perfect Timing To Buy Coffee” with publication date: October 08, 2015.
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