Vanguard Financials ETF (VFH) PriceWatch Alert Bearish Price Movement

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

Vanguard Financials ETF (PCX: VFH) closed yesterday at $23.25. So far VFH has hit a 52-week low of $13.07 and 52-week high of $44.60. VFH has been showing support around 22.86 and resistance in the 24.00 range. Technical indicators are Bearish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Sep '09 22 covered call (FGY IV) for a net debit in the $21.15 area. That is also the break even stock price for this trade. This covered call has a 75 day duration, provides 9.03% downside protection and a 4.02% assigned return rate for a 19.56% 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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