Vanguard Small-Cap ETF (VB) 11/9/09 PriceWatch Alert At $50.03 Break Even
Posted: Monday, November 09, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap ETF (PCX: VB) ended the last trading session at $53.83. So far VB has hit a 52-week low of $29.56 and 52-week high of $57.66. VB has been showing support around 52.55 and resistance in the 54.89 range. Technical indicators are Bearish. VB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 53 covered call (VB CA) for a net debit in the $50.03 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.06% downside protection and a 5.94% assigned return rate for a 16.54% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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