Vanguard European ETF (VGK) 11/3/09 PriceWatch Alert Could Hit 8.84% Return

Posted: Tuesday, November 03, 2009 8:45 AM EDT

Vanguard European ETF (PCX: VGK) closed yesterday at $48.89. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.43. VGK has been showing support around 47.64 and resistance in the 50.14 range. Technical indicators are Bearish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 47 covered call (GKV CU) for a net debit in the $45.49 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 6.95% downside protection and a 3.32% assigned return rate for an 8.84% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

Click Symbol For More News On: (VGK)