Vanguard Energy ETF (VDE) PriceWatch Alert With Support Around $66.28

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

Vanguard Energy ETF (PCX: VDE) closed yesterday at $67.25. So far VDE has hit a 52-week low of $52.19 and 52-week high of $127.10. VDE has been showing support around 66.28 and resistance in the 69.18 range. Technical indicators are Bearish. VDE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 65 covered call (VDE LM) for a net debit in the $61.75 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 8.18% downside protection and a 5.26% assigned return rate for an 11.57% 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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