Vanguard European ETF (VGK) 11/17/09 PriceWatch Alert Could Hit 9.91% Return

Posted: Tuesday, November 17, 2009 8:12 AM EDT

Vanguard European ETF (PCX: VGK) closed yesterday at $52.67. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.90. VGK has been showing support around 51.90 and resistance in the 53.28 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 52 covered call (GKV CZ) for a net debit in the $50.32 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 4.46% downside protection and a 3.34% assigned return rate for a 9.91% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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