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Potential iShares Russell 2000 Growth Index (IWO) Trade Has 3.02% Downside Protection

Nov 10, 2017 ( via COMTEX) --

For a hedged play on iShares Russell 2000 Growth Index (<a href="">IWO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $178 covered call for a net debit in the $173.21 area. That is also the break-even stock price for the covered call. This trade will return 2.76%, or 10.29% annualized (for comparison purposes only), in 98 days. This covered call also provides 3.02% downside protection. The current 52-week low is $144.05 and the 52-week high is $183.06. iShares Russell 2000 Growth Index stock has been showing support around $175.78 and resistance in the $180.90 range. The stock closed Nov 9, 2017's trading session at $178.61.A

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