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Potential iShares MSCI Russell Microcap Index (IWC) Trade Targets 2.69% Return

Dec 05, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Microcap Index (<a href="">IWC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $95 covered call for a net debit in the $92.51 area. That is also the break-even stock price for the covered call. This trade will return 2.69%, or 9.72% annualized (for comparison purposes only), in 101 days. This covered call also provides 3.14% downside protection. The current 52-week low is $81.65 and the 52-week high is $97.35. iShares MSCI Russell Microcap Index stock has been showing support around $94.22 and resistance in the $98 range. The stock closed Dec 4, 2017's trading session at $95.51.A

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