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iShares MSCI Russell 2000 Value Index (IWN) Showing Resistance Near $127.72

Jan 02, 2018 ( via COMTEX) --

For a hedged play on iShares MSCI Russell 2000 Value Index (<a href="">IWN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $125 covered call for a net debit in the $121.04 area. That is also the break-even stock price for the covered call. This trade will return 3.25%, or 8.75% annualized (for comparison purposes only), in 136 days. This covered call also provides 3.73% downside protection. The current 52-week low is $112.01 and the 52-week high is $129.59. iShares MSCI Russell 2000 Value Index stock has been showing support around $124.68 and resistance in the $127.72 range. The stock closed Dec 29, 2017's trading session at $125.75.A

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