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iShares MSCI Russell Microcap Index (IWC) Showing Bearish Technicals With Resistance At $97.56

Nov 30, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Microcap Index (<a href="">IWC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $96 covered call for a net debit in the $93.89 area. That is also the break-even stock price for the covered call. This trade will return 2.24%, or 7.73% annualized (for comparison purposes only), in 106 days. This covered call also provides 3.04% downside protection. The current 52-week low is $81.60 and the 52-week high is $97.22. iShares MSCI Russell Microcap Index stock has been showing support around $96.16 and resistance in the $97.56 range. The stock closed Nov 29, 2017's trading session at $96.83.A

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