Vanguard Materials ETF (VAW) 11/9/09 PriceWatch Alert Up To 17.33% Return
Posted: Monday, November 09, 2009 8:15 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) ended the last trading session at $63.27. So far VAW has hit a 52-week low of $34.94 and 52-week high of $67.16. VAW has been showing support around 61.64 and resistance in the 64.76 range. Technical indicators are Bullish. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 62 covered call (VAW CJ) for a net debit in the $58.37 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.74% downside protection and a 6.22% assigned return rate for a 17.33% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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