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iShares MSCI Russell 2000 Value Index (IWN) Trading Near $130.28 Resistance Level

Dec 05, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell 2000 Value Index (<a href="">IWN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $127 covered call for a net debit in the $124.39 area. That is also the break-even stock price for the covered call. This trade will return 2.09%, or 10.49% annualized (for comparison purposes only), in 73 days. This covered call also provides 2.58% downside protection. The current 52-week low is $112.01 and the 52-week high is $129.59. iShares MSCI Russell 2000 Value Index stock has been showing support around $126.32 and resistance in the $130.28 range. The stock closed Dec 4, 2017's trading session at $127.69.A

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