Vanguard Mid-Cap ETF (VO) 11/16/09 PriceWatch Alert With $53.18 Break Even

Posted: Monday, November 16, 2009 8:45 AM EDT

Vanguard Mid-Cap ETF (PCX: VO) ended the last trading session at $57.78. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 56.73 and resistance in the 58.51 range. Technical indicators are Bullish. VO 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 (IUD CC) for a net debit in the $53.18 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 7.96% downside protection and a 3.42% assigned return rate for a 10.07% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]

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