Vanguard REIT ETF (VNQ) PriceWatch Alert Up To 7.36% Downside Protection
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $29.88. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $68.95. VNQ has been showing support around 28.99 and resistance in the 31.61 range. Technical indicators are Bearish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 29 covered call (PEE IC) for a net debit in the $27.68 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 7.36% downside protection and a 4.77% assigned return rate for a 23.21% 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 HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).