Vanguard European ETF (VGK) 11/18/09 PriceWatch Alert Up To 10.60% Return
Posted: Wednesday, November 18, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard European ETF (PCX: VGK) closed yesterday at $52.42. So far VGK has hit a 52-week low of $26.45 and 52-week high of $52.90. VGK has been showing support around 51.69 and resistance in the 52.79 range. Technical indicators are Bullish. VGK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 52 covered call (GKV CZ) for a net debit in the $50.22 area. That is also the break even stock price for this trade. This covered call has a 122 day duration, provides 4.20% downside protection and a 3.54% assigned return rate for a 10.60% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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