Vanguard Growth ETF (VUG) 11/19/09 PriceWatch Alert With 6.51% Downside Protection
Posted: Thursday, November 19, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
Vanguard Growth ETF (PCX: VUG) closed yesterday at $52.21. So far VUG has hit a 52-week low of $32.21 and 52-week high of $52.44. VUG has been showing support around 51.72 and resistance in the 52.62 range. Technical indicators are Bullish. VUG appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VUG CX) for a net debit in the $48.81 area. That is also the break even stock price for this trade. This covered call has a 121 day duration, provides 6.51% downside protection and a 2.44% assigned return rate for a 7.35% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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