For a hedged play on Guggenheim S&P 500 Pure Value (RPV), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Dec 21, 2018 $66 covered call for a net debit in the $64.57 area. That is also the break-even stock price for the covered call. This trade will return 2.19%, or 3.68% annualized (for comparison purposes only), in 218 days. This covered call also provides 3.58% downside protection.
The current 52-week low is $57.12 and the 52-week high is $71.34. Guggenheim S&P 500 Pure Value stock has been showing support around $66.19 and resistance in the $67.51 range. The stock closed May 16, 2018's trading session at $66.98.