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Potential iShares Russell 1000 Value Index (IWD) Trade Has 3.09% Downside Protection

Dec 06, 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 $119.04 area. That is also the break-even stock price for the covered call. This trade will return 2.48%, or 5.56% annualized (for comparison purposes only), in 163 days. This covered call also provides 3.09% downside protection. The current 52-week low is $110.49 and the 52-week high is $124.58. iShares Russell 1000 Value Index stock has been showing support around $122.03 and resistance in the $124.30 range. The stock closed Dec 5, 2017's trading session at $122.83.A

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