Vanguard Growth ETF (VUG) 11/13/09 PriceWatch Alert Up To 5.85% Downside Protection
Posted: Friday, November 13, 2009 8:05 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $51.27. So far VUG has hit a 52-week low of $32.21 and 52-week high of $52.02. VUG has been showing support around 50.74 and resistance in the 52.16 range. Technical indicators are Bullish. VUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VUG CX) for a net debit in the $48.27 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 5.85% downside protection and a 3.58% assigned return rate for a 10.30% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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