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Potential iShares Russell 3000 Index (IWV) Trade Has 3.12% Downside Protection

Dec 05, 2017 ( via COMTEX) --

For a hedged play on iShares Russell 3000 Index (<a href="">IWV</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $156 covered call for a net debit in the $151.65 area. That is also the break-even stock price for the covered call. This trade will return 2.86%, or 6.38% annualized (for comparison purposes only), in 164 days. This covered call also provides 3.12% downside protection. The current 52-week low is $131.11 and the 52-week high is $158.29. iShares Russell 3000 Index stock has been showing support around $155.35 and resistance in the $158.89 range. The stock closed Dec 4, 2017's trading session at $156.55.A

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