Vanguard Mid-Cap ETF (VO) 11/11/09 PriceWatch Alert Targets 9.90% Return
Posted: Wednesday, November 11, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $57.74. 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 57.05 and resistance in the 58.35 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 $53.14 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 7.97% downside protection and a 3.50% assigned return rate for a 9.90% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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