Vanguard REIT ETF (VNQ) 11/13/09 PriceWatch Alert With 8.19% Downside Protection
Posted: Friday, November 13, 2009 8:16 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $41.52. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 40.90 and resistance in the 42.56 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 41 covered call (PEE CO) for a net debit in the $38.12 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 8.19% downside protection and a 7.56% assigned return rate for a 21.71% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).