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iShares Russell 1000 Index (IWB) Trading Near $148.69 Support Level

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares Russell 1000 Index (<a href="http://www.marketintelligencecenter.com/symbol/IWB">IWB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $149 covered call for a net debit in the $145.29 area. That is also the break-even stock price for the covered call. This trade will return 2.54%, or 6.88% annualized (for comparison purposes only), in 135 days. This covered call also provides 2.93% downside protection. The current 52-week low is $124.68 and the 52-week high is $150.12. iShares Russell 1000 Index stock has been showing support around $148.69 and resistance in the $150.23 range. The stock closed Jan 2, 2018's trading session at $149.69.A

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