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iShares Russell 1000 Growth Index (IWF) Showing Support Near $132.34

Dec 01, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares Russell 1000 Growth Index (<a href="http://www.marketintelligencecenter.com/symbol/IWF">IWF</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $133 covered call for a net debit in the $129.38 area. That is also the break-even stock price for the covered call. This trade will return 2.79%, or 6.06% annualized (for comparison purposes only), in 168 days. This covered call also provides 3.28% downside protection. The current 52-week low is $102.79 and the 52-week high is $134.23. iShares Russell 1000 Growth Index stock has been showing support around $132.34 and resistance in the $134.96 range. The stock closed Nov 30, 2017's trading session at $133.78.A

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