Vanguard Small-Cap Growth ETF (VBK) 11/6/09 PriceWatch Alert Up To 17.11% Return

Posted: Friday, November 06, 2009 8:26 AM EDT

Vanguard Small-Cap Growth ETF (PCX: VBK) closed yesterday at $55.65. So far VBK has hit a 52-week low of $31.46 and 52-week high of $59.51. VBK has been showing support around 54.17 and resistance in the 56.43 range. Technical indicators are Bearish. VBK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (VBK CK) for a net debit in the $51.75 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.01% downside protection and a 6.28% assigned return rate for a 17.11% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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