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iShares Russell 1000 Value Index (IWD) Trading Near $124.75 Resistance Level

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on iShares Russell 1000 Value Index (<a href="http://www.marketintelligencecenter.com/symbol/IWD">IWD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $123 covered call for a net debit in the $119.81 area. That is also the break-even stock price for the covered call. This trade will return 2.66%, or 5.87% annualized (for comparison purposes only), in 165 days. This covered call also provides 2.68% downside protection. The current 52-week low is $109.83 and the 52-week high is $123.75. iShares Russell 1000 Value Index stock has been showing support around $120.55 and resistance in the $124.75 range. The stock closed Dec 1, 2017's trading session at $123.09.A

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