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Potential iShares North American Natural Resources ETF (IGE) Trade Has 6.32% Downside Protection

Dec 05, 2017 ( via COMTEX) --

For a hedged play on iShares North American Natural Resources ETF (<a href="">IGE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $33 covered call for a net debit in the $31.82 area. That is also the break-even stock price for the covered call. This trade will return 3.70%, or 5.96% annualized (for comparison purposes only), in 227 days. This covered call also provides 6.32% downside protection. The current 52-week low is $30.59 and the 52-week high is $37.62. iShares North American Natural Resources ETF stock has been showing support around $33.61 and resistance in the $34.62 range. The stock closed Dec 4, 2017's trading session at $33.97.A

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