Vanguard Financials ETF (VFH) 11/13/09 PriceWatch Alert With $27.49 Break Even
Posted: Friday, November 13, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) closed yesterday at $29.29. So far VFH has hit a 52-week low of $13.07 and 52-week high of $31.30. VFH has been showing support around 28.78 and resistance in the 30.16 range. Technical indicators are Bullish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 29 covered call (VFH CC) for a net debit in the $27.49 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 6.15% downside protection and a 5.49% assigned return rate for a 15.79% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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