Vanguard Materials ETF (VAW) 11/20/09 PriceWatch Alert At $62.46 Break Even
Posted: Friday, November 20, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Vanguard Materials ETF (PCX: VAW) closed yesterday at $66.86. So far VAW has hit a 52-week low of $34.94 and 52-week high of $68.37. VAW has been showing support around 65.27 and resistance in the 68.01 range. Technical indicators are Bullish. VAW appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 66 covered call (VAW CN) for a net debit in the $62.46 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 6.58% downside protection and a 5.67% assigned return rate for a 17.24% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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