Vanguard Mid-Cap Value ETF (VOE) 11/20/09 PriceWatch Alert Targets 9.55% Downside Protection
Posted: Friday, November 20, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
Vanguard Mid-Cap Value ETF (PCX: VOE) closed yesterday at $42.94. So far VOE has hit a 52-week low of $22.84 and 52-week high of $44.40. VOE has been showing support around 42.23 and resistance in the 43.81 range. Technical indicators are Bullish. VOE appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 40 covered call (VOE CH) for a net debit in the $38.84 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 9.55% downside protection and a 2.99% assigned return rate for a 9.08% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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