Vanguard European ETF (VGK) 11/16/09 PriceWatch Alert Down To $49.26 Break Even
Posted: Monday, November 16, 2009 8:12 AM EDT
By: Market Intelligence Center Staff
Vanguard European ETF (PCX: VGK) ended the last trading session at $51.71. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.43. VGK has been showing support around 50.68 and resistance in the 52.36 range. Technical indicators are Bullish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 51 covered call (GKV CY) for a net debit in the $49.26 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 4.74% downside protection and a 3.53% assigned return rate for a 10.40% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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