Vanguard Small-Cap Growth ETF (VBK) 11/17/09 PriceWatch Alert With $52.81 Break Even
Posted: Tuesday, November 17, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap Growth ETF (PCX: VBK) closed yesterday at $57.81. So far VBK has hit a 52-week low of $31.46 and 52-week high of $59.51. VBK has been showing support around 56.32 and resistance in the 58.86 range. Technical indicators are Bullish. VBK 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 (VBK CK) for a net debit in the $52.81 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 8.65% downside protection and a 4.15% assigned return rate for a 12.31% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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