Vanguard Materials ETF (VAW) 11/3/09 PriceWatch Alert Could Hit 19.13% Return
Posted: Tuesday, November 03, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) closed yesterday at $60.68. So far VAW has hit a 52-week low of $34.94 and 52-week high of $67.16. VAW has been showing support around 58.20 and resistance in the 63.12 range. Technical indicators are Bearish. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 60 covered call (IPZ CH) for a net debit in the $55.98 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 7.75% downside protection and a 7.18% assigned return rate for a 19.13% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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