Vanguard Mid-Cap ETF (VO) 11/6/09 PriceWatch Alert Up To 14.06% Return

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

Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $56.40. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 55.19 and resistance in the 57.01 range. Technical indicators are Bullish. VO 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 (IUD CC) for a net debit in the $52.30 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 7.27% downside protection and a 5.16% assigned return rate for a 14.06% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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