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Potential iShares MSCI Russell Midcap Growth Index (IWP) Trade Has 2.71% Downside Protection

Jan 03, 2018 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Growth Index (<a href="">IWP</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $121 covered call for a net debit in the $118.37 area. That is also the break-even stock price for the covered call. This trade will return 2.22%, or 7.57% annualized (for comparison purposes only), in 107 days. This covered call also provides 2.71% downside protection. The current 52-week low is $97.49 and the 52-week high is $121.70. iShares MSCI Russell Midcap Growth Index stock has been showing support around $120.63 and resistance in the $122.19 range. The stock closed Jan 2, 2018's trading session at $121.66.A

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