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iShares MSCI Russell Midcap Value Index (IWS) Trading Near $86.39 Resistance Level

Nov 10, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Value Index (<a href="">IWS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $85 covered call for a net debit in the $82.86 area. That is also the break-even stock price for the covered call. This trade will return 2.57%, or 4.96% annualized (for comparison purposes only), in 189 days. This covered call also provides 3.43% downside protection. The current 52-week low is $75.78 and the 52-week high is $86.48. iShares MSCI Russell Midcap Value Index stock has been showing support around $85.09 and resistance in the $86.39 range. The stock closed Nov 9, 2017's trading session at $85.81.A

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