Vanguard Mid-Cap ETF (VO) 11/12/09 PriceWatch Alert With $55.00 Break Even
Posted: Thursday, November 12, 2009 8:13 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $58.10. 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 57.37 and resistance in the 58.95 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 58 covered call (IUD CF) for a net debit in the $55.00 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 5.34% downside protection and a 5.45% assigned return rate for a 15.55% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
CLICK HERE: FREE (VO) Stock ReportSee what our analysts have uncovered about (VO).