Vanguard Growth ETF (VUG) PriceWatch Alert With $40.70 Break Even

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

Vanguard Growth ETF (PCX: VUG) closed yesterday at $42.45. So far VUG has hit a 52-week low of $32.21 and 52-week high of $61.50. VUG has been showing support around 42.00 and resistance in the 43.26 range. Technical indicators are Bullish. VUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 42 covered call (QFP IP) for a net debit in the $40.70 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 4.12% downside protection and a 3.19% assigned return rate for a 15.54% 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]

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