Vanguard Materials ETF (VAW) 11/16/09 PriceWatch Alert With $61.36 Break Even
Posted: Monday, November 16, 2009 8:33 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) ended the last trading session at $65.76. So far VAW has hit a 52-week low of $34.94 and 52-week high of $67.16. VAW has been showing support around 64.52 and resistance in the 66.84 range. Technical indicators are Bullish. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 65 covered call (VAW CM) for a net debit in the $61.36 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 6.69% downside protection and a 5.93% assigned return rate for a 17.46% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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