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iShares Russell 3000 Index (IWV) Trading Near $155.78 Support Level

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

For a hedged play on iShares Russell 3000 Index (<a href="http://www.marketintelligencecenter.com/symbol/IWV">IWV</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $156 covered call for a net debit in the $152.15 area. That is also the break-even stock price for the covered call. This trade will return 2.52%, or 5.48% annualized (for comparison purposes only), in 168 days. This covered call also provides 3.11% downside protection. The current 52-week low is $130.31 and the 52-week high is $157.74. iShares Russell 3000 Index stock has been showing support around $155.78 and resistance in the $158.38 range. The stock closed Nov 30, 2017's trading session at $157.05.A

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