Vanguard Mid-Cap ETF (VO) PriceWatch Alert for November 10, 2009
Posted: Tuesday, November 10, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $57.80. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 56.49 and resistance in the 58.47 range. Technical indicators are Bullish. VO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (IUD CC) for a net debit in the $53.10 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 8.13% downside protection and a 3.58% assigned return rate for a 10.05% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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