Vanguard Energy ETF (VDE) 11/19/09 PriceWatch Alert With $80.60 Break Even
Posted: Thursday, November 19, 2009 8:26 AM EDT
By: Market Intelligence Center Staff
Vanguard Energy ETF (PCX: VDE) closed yesterday at $86.00. So far VDE has hit a 52-week low of $52.19 and 52-week high of $89.44. VDE has been showing support around 84.68 and resistance in the 87.58 range. Technical indicators are Bullish. VDE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 85 covered call (VDE CQ) for a net debit in the $80.60 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 6.28% downside protection and a 5.46% assigned return rate for a 16.47% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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