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iShares MSCI Russell Midcap Value Index (IWS) Trading Near $86.62 Resistance Level

Nov 07, 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 $86 covered call for a net debit in the $83.85 area. That is also the break-even stock price for the covered call. This trade will return 2.55%, or 4.85% annualized (for comparison purposes only), in 192 days. This covered call also provides 2.72% downside protection. The current 52-week low is $74.28 and the 52-week high is $86.48. iShares MSCI Russell Midcap Value Index stock has been showing support around $85.60 and resistance in the $86.62 range. The stock closed Nov 6, 2017's trading session at $86.20.A

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