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iShares Russell 1000 Index (IWB) Trading Near $143.57 Support Level

Nov 07, 2017 ( via COMTEX) --

For a hedged play on iShares Russell 1000 Index (<a href="">IWB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $144 covered call for a net debit in the $139.62 area. That is also the break-even stock price for the covered call. This trade will return 3.13%, or 5.96% annualized (for comparison purposes only), in 192 days. This covered call also provides 3.05% downside protection. The current 52-week low is $117.43 and the 52-week high is $144.16. iShares Russell 1000 Index stock has been showing support around $143.57 and resistance in the $144.39 range. The stock closed Nov 6, 2017's trading session at $144.02.A

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