Vanguard Small-Cap ETF (VB) 11/18/09 PriceWatch Alert Up To 6.61% Downside Protection
Posted: Wednesday, November 18, 2009 8:21 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap ETF (PCX: VB) closed yesterday at $56.01. So far VB has hit a 52-week low of $29.56 and 52-week high of $57.66. VB has been showing support around 55.28 and resistance in the 56.50 range. Technical indicators are Bullish. VB 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 (VB CX) for a net debit in the $52.31 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 6.61% downside protection and a 5.14% assigned return rate for a 15.39% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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