Vanguard Energy ETF (VDE) 11/12/09 PriceWatch Alert With 6.54% Downside Protection
Posted: Thursday, November 12, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) closed yesterday at $85.65. 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 84.33 and resistance in the 87.41 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 $80.05 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 6.54% downside protection and a 6.18% assigned return rate for a 17.63% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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