Vanguard Financials ETF (VFH) 11/17/09 PriceWatch Alert Up To 7.59% Downside Protection
Posted: Tuesday, November 17, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) closed yesterday at $29.64. So far VFH has hit a 52-week low of $13.07 and 52-week high of $31.30. VFH has been showing support around 29.27 and resistance in the 30.13 range. Technical indicators are Bullish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 29 covered call (VFH CC) for a net debit in the $27.39 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 7.59% downside protection and a 5.88% assigned return rate for a 17.44% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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