Vanguard Growth ETF (VUG) 11/9/09 PriceWatch Alert At $48.01 Break Even
Posted: Monday, November 09, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) ended the last trading session at $50.41. So far VUG has hit a 52-week low of $32.21 and 52-week high of $51.54. VUG has been showing support around 49.68 and resistance in the 50.86 range. Technical indicators are Bullish. VUG 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 (VUG CX) for a net debit in the $48.01 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 4.76% downside protection and a 4.14% assigned return rate for an 11.55% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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