Vanguard Small-Cap Growth ETF (VBK) 11/20/09 PriceWatch Alert Targets 6.95% Downside Protection
Posted: Friday, November 20, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
Vanguard Small-Cap Growth ETF (PCX: VBK) closed yesterday at $56.08. So far VBK has hit a 52-week low of $31.46 and 52-week high of $59.51. VBK has been showing support around 54.96 and resistance in the 57.48 range. Technical indicators are Neutral. VBK appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 55 covered call (VBK CK) for a net debit in the $52.18 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 6.95% downside protection and a 5.40% assigned return rate for a 16.44% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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