Vanguard REIT ETF (VNQ) 11/20/09 PriceWatch Alert With $39.28 Break Even
Posted: Friday, November 20, 2009 8:22 AM EDT
By: Market Intelligence Center Staff
Vanguard REIT ETF (PCX: VNQ) closed yesterday at $42.13. So far VNQ has hit a 52-week low of $19.95 and 52-week high of $45.24. VNQ has been showing support around 41.47 and resistance in the 43.07 range. Technical indicators are Bullish. VNQ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 42 covered call (PEE CP) for a net debit in the $39.28 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 6.76% downside protection and a 6.92% assigned return rate for a 21.06% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
CLICK HERE: FREE (VNQ) Stock ReportSee what our analysts have uncovered about (VNQ).