Vanguard Financials ETF (VFH) 11/11/09 PriceWatch Alert Could Hit 15.54% Return
Posted: Wednesday, November 11, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) closed yesterday at $29.39. So far VFH has hit a 52-week low of $13.07 and 52-week high of $31.30. VFH has been showing support around 28.95 and resistance in the 29.81 range. Technical indicators are Bullish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 29 covered call (VFH CC) for a net debit in the $27.49 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 6.46% downside protection and a 5.49% assigned return rate for a 15.54% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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