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

Nov 30, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares MSCI Russell Midcap Index (<a href="http://www.marketintelligencecenter.com/symbol/IWR">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

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