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iShares MSCI Russell 2000 Value Index (IWN) Trading Near $124.63 Support Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on iShares MSCI Russell 2000 Value Index (<a href="http://www.marketintelligencecenter.com/symbol/IWN">IWN</a>) could yield about 2.14% (11.04% annualized, for comparison purposes only) in 71 days. Pair a long position in the stock with the Feb 16, 2018 $125 call for a net debit of about $122.37. This position also has 2.39% downside protection. iShares MSCI Russell 2000 Value Index closed at $125.37 Dec 6, 2017. Technical indicators for IWN are bearish and support and resistance have been about $124.63 and $126.63, respectively.A

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