Vanguard Financials ETF (VFH) 11/19/09 PriceWatch Alert With 6.52% Downside Protection
Posted: Thursday, November 19, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
Vanguard Financials ETF (PCX: VFH) closed yesterday at $29.92. So far VFH has hit a 52-week low of $13.07 and 52-week high of $31.30. VFH has been showing support around 29.55 and resistance in the 30.11 range. Technical indicators are Bullish. VFH appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 29 covered call (VFH CC) for a net debit in the $27.97 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 6.52% downside protection and a 3.68% assigned return rate for an 11.11% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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