Vanguard Information Technology ETF (VGT) 11/17/09 PriceWatch Alert At $50.04 Break Even
Posted: Tuesday, November 17, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $53.14. So far VGT has hit a 52-week low of $28.85 and 52-week high of $53.35. VGT has been showing support around 52.45 and resistance in the 53.69 range. Technical indicators are Bullish. VGT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 53 covered call (VGT FA) for a net debit in the $50.04 area. That is also the break even stock price for this trade. This covered call has a 214 day duration, provides 5.83% downside protection and a 5.92% assigned return rate for a 10.09% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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