Vanguard Mega Cap 300 Value Index ETF (MGV) 11/20/09 PriceWatch Alert Could Hit 13.48% Return
Posted: Friday, November 20, 2009 8:37 AM EDT
By: Market Intelligence Center Staff
Vanguard Mega Cap 300 Value Index ETF (PCX: MGV) closed yesterday at $35.20. So far MGV has hit a 52-week low of $21.18 and 52-week high of $35.74. MGV has been showing support around 34.96 and resistance in the 35.40 range. Technical indicators are Bullish. MGV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Feb '10 35 covered call (MGV BG) for a net debit in the $33.85 area. That is also the break even stock price for this trade. This covered call has a 92 day duration, provides 3.84% downside protection and a 3.40% assigned return rate for a 13.48% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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