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Potential iShares Russell 3000 Index (IWV) Trade Has 3.20% Downside Protection

Dec 07, 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 $155 covered call for a net debit in the $150.83 area. That is also the break-even stock price for the covered call. This trade will return 2.76%, or 6.22% annualized (for comparison purposes only), in 162 days. This covered call also provides 3.20% downside protection. The current 52-week low is $131.95 and the 52-week high is $158.29. iShares Russell 3000 Index stock has been showing support around $155.20 and resistance in the $156.42 range. The stock closed Dec 6, 2017's trading session at $155.83.A

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