Vanguard Energy ETF (VDE) 11/11/09 PriceWatch Alert At $80.06 Break Even
Posted: Wednesday, November 11, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) closed yesterday at $85.66. So far VDE has hit a 52-week low of $52.19 and 52-week high of $89.44. VDE has been showing support around 84.12 and resistance in the 86.84 range. Technical indicators are Bullish. VDE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 85 covered call (VDE CQ) for a net debit in the $80.06 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 6.54% downside protection and a 6.17% assigned return rate for a 17.46% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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