Vanguard Small-Cap Growth ETF (VBK) 11/16/09 PriceWatch Alert With 7.44% Downside Protection
Posted: Monday, November 16, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap Growth ETF (PCX: VBK) ended the last trading session at $56.47. So far VBK has hit a 52-week low of $31.46 and 52-week high of $59.51. VBK has been showing support around 55.02 and resistance in the 57.42 range. Technical indicators are Bullish. VBK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (VBK CK) for a net debit in the $52.27 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 7.44% downside protection and a 5.22% assigned return rate for a 15.37% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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