Vanguard Small-Cap ETF (VB) PriceWatch Alert With $33.58 Break Even

Vanguard Small-Cap ETF (PCX: VB) closed yesterday at $39.28. So far VB has hit a 52-week low of $29.56 and 52-week high of $69.57. VB has been showing support around 37.76 and resistance in the 40.56 range. Technical indicators are Bullish. VB appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '09 35 covered call (VB FB) for a net debit in the $33.58 area. That is also the break even stock price for this trade. This covered call has a 78 day duration, provides 14.51% downside protection and a 4.23% assigned return rate for a 19.79% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]