Vanguard Financials ETF (VFH) 2/9/10 PriceWatch Alert With 7.22% Downside Protection
Posted: Tuesday, February 09, 2010 8:44 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PACF: VFH) closed yesterday at $27.71. So far VFH has hit a 52-week low of $13.07 and 52-week high of $31.30. VFH has been showing support around 27.30 and resistance in the 28.54 range. Technical indicators are Bearish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 27 covered call for a net debit in the $25.71 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 7.22% downside protection and a 5.02% assigned return rate for a 14.09% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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