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iShares Russell 3000 Index (IWV) Trading Near $152.24 Support Level

Nov 06, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares Russell 3000 Index (<a href="http://www.marketintelligencecenter.com/symbol/IWV">IWV</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $153 covered call for a net debit in the $149.09 area. That is also the break-even stock price for the covered call. This trade will return 2.60%, or 4.92% annualized (for comparison purposes only), in 193 days. This covered call also provides 2.60% downside protection. The current 52-week low is $123 and the 52-week high is $153.26. iShares Russell 3000 Index stock has been showing support around $152.24 and resistance in the $153.58 range. The stock closed Nov 3, 2017's trading session at $153.09.A

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