Vanguard Energy ETF (VDE) 11/3/09 PriceWatch Alert With $74.85 Break Even
Posted: Tuesday, November 03, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) closed yesterday at $81.65. So far VDE has hit a 52-week low of $52.19 and 52-week high of $89.44. VDE has been showing support around 79.00 and resistance in the 84.34 range. Technical indicators are Bullish. VDE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 80 covered call (VDE CP) for a net debit in the $74.85 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 8.33% downside protection and a 6.88% assigned return rate for an 18.33% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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