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iShares North American Natural Resources ETF (IGE) Showing Resistance Near $36.51

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares North American Natural Resources ETF (<a href="http://www.marketintelligencecenter.com/symbol/IGE">IGE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $36 covered call for a net debit in the $34.95 area. That is also the break-even stock price for the covered call. This trade will return 3%, or 10.24% annualized (for comparison purposes only), in 107 days. This covered call also provides 3.18% downside protection. The current 52-week low is $30.59 and the 52-week high is $36.90. iShares North American Natural Resources ETF stock has been showing support around $35.33 and resistance in the $36.51 range. The stock closed Jan 2, 2018's trading session at $36.09.A

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