Vanguard Small-Cap Growth ETF (VBK) PriceWatch Alert Down To $42.29 Break Even

Posted: Monday, July 06, 2009 8:07 AM EDT

Vanguard Small-Cap Growth ETF (PCX: VBK) closed yesterday at $47.09. So far VBK has hit a 52-week low of $31.46 and 52-week high of $69.56. VBK has been showing support around 46.30 and resistance in the 48.42 range. Technical indicators are Bullish. VBK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 45 covered call (VBK LI) for a net debit in the $42.29 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 10.19% downside protection and a 6.41% assigned return rate for a 14.09% 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]

Click Symbol For More News On: (VBK)