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Potential iShares MSCI Russell Midcap Index (IWR) Trade Has 2.87% Downside Protection

Dec 06, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Index (<a href="">IWR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $205 covered call for a net debit in the $199.43 area. That is also the break-even stock price for the covered call. This trade will return 2.79%, or 6.25% annualized (for comparison purposes only), in 163 days. This covered call also provides 2.87% downside protection. The current 52-week low is $178.40 and the 52-week high is $208.85. iShares MSCI Russell Midcap Index stock has been showing support around $203.95 and resistance in the $207.94 range. The stock closed Dec 5, 2017's trading session at $205.33.A

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