Vanguard REIT ETF (VNQ) PriceWatch Alert Down To $57.28 Break Even

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

Vanguard REIT ETF (AMEX: VNQ) closed yesterday at $61.28. So far VNQ has hit a 52-week low of $53.19 and 52-week high of $76.69. VNQ has been showing support around 60.11 and resistance in the 63.31 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '08 61 covered call (VNQ LI) for a net debit in the $57.28 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 6.53% downside protection and a 6.49% assigned return rate for a 22.36% 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]