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Potential iShares Russell 1000 Index (IWB) Trade Has 2.98% Downside Protection

Nov 09, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares Russell 1000 Index (<a href="http://www.marketintelligencecenter.com/symbol/IWB">IWB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $144 covered call for a net debit in the $139.87 area. That is also the break-even stock price for the covered call. This trade will return 2.94%, or 5.65% annualized (for comparison purposes only), in 190 days. This covered call also provides 2.98% downside protection. The current 52-week low is $118.01 and the 52-week high is $144.35. iShares Russell 1000 Index stock has been showing support around $143.43 and resistance in the $144.61 range. The stock closed Nov 8, 2017's trading session at $144.17.A

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