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iShares MSCI Russell Midcap Index (IWR) Showing Support Near $199.63

Nov 08, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Index (<a href="">IWR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $199 covered call for a net debit in the $194.34 area. That is also the break-even stock price for the covered call. This trade will return 2.39%, or 4.57% annualized (for comparison purposes only), in 191 days. This covered call also provides 3.28% downside protection. The current 52-week low is $167.53 and the 52-week high is $201.99. iShares MSCI Russell Midcap Index stock has been showing support around $199.63 and resistance in the $202.64 range. The stock closed Nov 7, 2017's trading session at $200.94.A

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