Vanguard Emerging Markets ETF (VWO) PriceWatch Alert With Support Around $36.60

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

Vanguard Emerging Markets ETF (AMEX: VWO) closed yesterday at $38.00. So far VWO has hit a 52-week low of $37.43 and 52-week high of $58.92. VWO has been showing support around 36.60 and resistance in the 39.66 range. Technical indicators are Bearish. VWO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '08 37 covered call (VWO LK) for a net debit in the $35.00 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 7.89% downside protection and a 5.71% assigned return rate for a 19.68% 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]