Vanguard REIT ETF (VNQ) 11/17/09 PriceWatch Alert With $39.80 Break Even
Posted: Tuesday, November 17, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $43.10. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 41.85 and resistance in the 44.13 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 43 covered call (PEE CQ) for a net debit in the $39.80 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 7.66% downside protection and an 8.04% assigned return rate for a 23.86% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).