Vanguard Materials ETF (VAW) 11/17/09 PriceWatch Alert At $63.14 Break Even
Posted: Tuesday, November 17, 2009 8:20 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) closed yesterday at $67.34. So far VAW has hit a 52-week low of $34.94 and 52-week high of $67.65. VAW has been showing support around 65.72 and resistance in the 68.46 range. Technical indicators are Bullish. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 67 covered call (VAW CO) for a net debit in the $63.14 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 6.24% downside protection and a 6.11% assigned return rate for an 18.14% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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