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Potential Vanguard S&P 500 ETF (VOO) Trade Has 4.33% Downside Protection

Jun 19, 2017 ( via COMTEX) --

For a hedged play on Vanguard S&P 500 ETF (<a href="">VOO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $220 covered call for a net debit in the $214.16 area. That is also the break-even stock price for the covered call. This trade will return 2.71%, or 4.63% annualized (for comparison purposes only), in 214 days. This covered call also provides 4.33% downside protection. The current 52-week low is $182.27 and the 52-week high is $224.93. Vanguard S&P 500 ETF stock has been showing support around $222.50 and resistance in the $224.74 range. The stock closed Jun 16, 2017's trading session at $223.86.A

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