Vanguard Small-Cap ETF (VB) 11/13/09 PriceWatch Alert Could Hit 15.61% Return
Posted: Friday, November 13, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap ETF (PCX: VB) closed yesterday at $54.17. So far VB has hit a 52-week low of $29.56 and 52-week high of $57.66. VB has been showing support around 53.15 and resistance in the 56.05 range. Technical indicators are Bearish. VB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 53 covered call (VB CA) for a net debit in the $50.27 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 7.20% downside protection and a 5.43% assigned return rate for a 15.61% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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