Vanguard Mid-Cap ETF (VO) 11/18/09 PriceWatch Alert Up To 14.21% Return
Posted: Wednesday, November 18, 2009 8:18 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap ETF (PCX: VO) closed yesterday at $58.67. So far VO has hit a 52-week low of $32.55 and 52-week high of $59.42. VO has been showing support around 58.02 and resistance in the 59.06 range. Technical indicators are Bullish. VO appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 58 covered call (IUD CF) for a net debit in the $55.37 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 5.62% downside protection and a 4.75% assigned return rate for a 14.21% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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