Vanguard European ETF (VGK) 11/6/09 PriceWatch Alert Down To $47.81 Break Even

Posted: Friday, November 06, 2009 8:42 AM EDT

Vanguard European ETF (PCX: VGK) closed yesterday at $50.26. 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 49.51 and resistance in the 50.77 range. Technical indicators are Bullish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (GKV CX) for a net debit in the $47.81 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 4.87% downside protection and a 4.58% assigned return rate for a 12.48% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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