's option-trade picking algorithms have identified an attractive covered-call trade on iShares DJ US Basic Materials (IYM). Look at the Mar. '15 $82.00 covered call for a net debit in the $80.19 area.

This trade has a duration of 56 days. The break-even point of this trade is the same as the net debit, which gives this trade 2.73%. If the fund closes at or above $82.00 at expiration this trade will return 2.26% or 14.71% (for comparison purposes only).

IYM closed Thursday's trading session at $82.44. In the past year, the ETF has hit a 52-week low of $75.32 and 52-week high of $89.46. iShares DJ US Basic Materials shares have been showing support around $80.82 and resistance in the $83.32 range. Technical indicators for the fund are bearish.