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Potential iShares Russell 1000 Growth Index (IWF) Trade Has 3.19% Downside Protection

Nov 09, 2017 ( via COMTEX) --

For a hedged play on iShares Russell 1000 Growth Index (<a href="">IWF</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $131 covered call for a net debit in the $127.21 area. That is also the break-even stock price for the covered call. This trade will return 2.97%, or 5.70% annualized (for comparison purposes only), in 190 days. This covered call also provides 3.19% downside protection. The current 52-week low is $101.19 and the 52-week high is $131.48. iShares Russell 1000 Growth Index stock has been showing support around $130.59 and resistance in the $131.89 range. The stock closed Nov 8, 2017's trading session at $131.41.A

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