Vanguard Growth ETF (VUG) 11/18/09 PriceWatch Alert Targets 6.49% Downside Protection
Posted: Wednesday, November 18, 2009 8:03 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $52.35. So far VUG has hit a 52-week low of $32.21 and 52-week high of $52.44. VUG has been showing support around 51.80 and resistance in the 52.64 range. Technical indicators are Bullish. VUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VUG CX) for a net debit in the $48.95 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 6.49% downside protection and a 2.15% assigned return rate for a 6.42% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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