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Potential iShares Russell 1000 Value Index (IWD) Trade Targets 2.59% Return

Nov 30, 2017 ( via COMTEX) --

For a hedged play on iShares Russell 1000 Value Index (<a href="">IWD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $122 covered call for a net debit in the $118.90 area. That is also the break-even stock price for the covered call. This trade will return 2.59%, or 5.61% annualized (for comparison purposes only), in 169 days. This covered call also provides 2.77% downside protection. The current 52-week low is $109.83 and the 52-week high is $122.52. iShares Russell 1000 Value Index stock has been showing support around $121.13 and resistance in the $123.11 range. The stock closed Nov 29, 2017's trading session at $122.30.A

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