Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

iShares MSCI Russell Midcap Index (IWR) Trading Near $204.92 Support Level

Nov 30, 2017 ( via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Index (<a href="">IWR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $205 covered call for a net debit in the $199.85 area. That is also the break-even stock price for the covered call. This trade will return 2.57%, or 5.55% annualized (for comparison purposes only), in 169 days. This covered call also provides 2.86% downside protection. The current 52-week low is $176.43 and the 52-week high is $206.36. iShares MSCI Russell Midcap Index stock has been showing support around $204.92 and resistance in the $206.78 range. The stock closed Nov 29, 2017's trading session at $205.75.A

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 58.02
Nat Gas 2.804
Corn 349
Cotton #2 73.00
Gold 1243.6
Copper 3.0145
Euro 1.17730
USD Index 93.843
SP500 E-mini 2663.50
DJIA E-mini 24401