Vanguard Small-Cap Growth ETF (VBK) 11/18/09 PriceWatch Alert Could Hit 11.88% Return
Posted: Wednesday, November 18, 2009 8:23 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap Growth ETF (PCX: VBK) closed yesterday at $57.80. 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 57.03 and resistance in the 58.23 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 $52.90 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 8.48% downside protection and a 3.97% assigned return rate for an 11.88% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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