Vanguard European ETF (VGK) 11/9/09 PriceWatch Alert Targets 4.77% Downside Protection
Posted: Monday, November 09, 2009 8:29 AM EDT
By: Market Intelligence Center Staff
Vanguard European ETF (PCX: VGK) ended the last trading session at $50.34. 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 49.37 and resistance in the 50.87 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 $47.94 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 4.77% downside protection and a 4.30% assigned return rate for an 11.97% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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