Vanguard Mid-Cap Value ETF (VOE) PriceWatch Alert Bearish Price Movement

Posted on Friday, September 05, 2008 8:07 AM

Vanguard Mid-Cap Value ETF (AMEX: VOE) closed yesterday at $47.24. So far VOE has hit a 52-week low of $43.98 and 52-week high of $60.62. VOE has been showing support around 46.47 and resistance in the 48.79 range. Technical indicators are Bearish. VOE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '08 47 covered call (VOE LU) for a net debit in the $44.94 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 4.87% downside protection and a 4.58% assigned return rate for a 15.78% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]