Vanguard Information Technology ETF (VGT) 11/19/09 PriceWatch Alert Up To 6.40% Downside Protection
Posted: Thursday, November 19, 2009 8:47 AM EDT
By: Market Intelligence Center Staff
Vanguard Information Technology ETF (PCX: VGT) closed yesterday at $53.12. So far VGT has hit a 52-week low of $28.85 and 52-week high of $53.46. VGT has been showing support around 52.56 and resistance in the 53.70 range. Technical indicators are Bullish. VGT appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 53 covered call (VGT FA) for a net debit in the $49.72 area. That is also the break even stock price for this trade. This covered call has a 212 day duration, provides 6.40% downside protection and a 6.60% assigned return rate for an 11.36% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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