Vanguard Financials ETF (VFH) 11/16/09 PriceWatch Alert Up To 15.72% Return
Posted: Monday, November 16, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) ended the last trading session at $29.28. 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 28.88 and resistance in the 29.66 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 $27.53 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 5.98% downside protection and a 5.34% assigned return rate for a 15.72% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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