Vanguard Mid-Cap ETF (VO) 2/9/10 PriceWatch Alert Targets 5.95% Downside Protection
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PACF: VO) closed yesterday at $57.13. So far VO has hit a 52-week low of $32.55 and 52-week high of $62.70. VO has been showing support around 56.41 and resistance in the 58.31 range. Technical indicators are Bearish. VO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 57 covered call for a net debit in the $53.73 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 5.95% downside protection and a 6.09% assigned return rate for a 17.09% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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