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iShares MSCI Russell 2000 Value Index (IWN) Showing Support Near $122.60

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares MSCI Russell 2000 Value Index (<a href="http://www.marketintelligencecenter.com/symbol/IWN">IWN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $127 covered call for a net debit in the $124.40 area. That is also the break-even stock price for the covered call. This trade will return 2.08%, or 10.30% annualized (for comparison purposes only), in 74 days. This covered call also provides 2.35% downside protection. The current 52-week low is $112.01 and the 52-week high is $128.92. iShares MSCI Russell 2000 Value Index stock has been showing support around $122.60 and resistance in the $130.44 range. The stock closed Dec 1, 2017's trading session at $127.40.A

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