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Vanguard S&P 500 ETF (VOO) Showing Bearish Technicals With Support At $233.69

Jan 11, 2019 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Vanguard S&P 500 ETF (<a href="">VOO</a>). Look at the Apr 18, 2019 $235 covered call for a net debit in the $227.80 area.<br /> <br /> This trade has a duration of 97 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.28% downside protection. If the stock closes at or above $235 at expiration this trade will return 3.16% or 11.89% (for comparison purposes only). <br /> <br /> VOO closed Jan 10, 2019's trading session at $238. In the past year, the stock has hit a 52-week low of $214.83 and 52-week high of $270.67. Vanguard S&P 500 ETF stock has been showing support around $233.69 and resistance in the $240.33 range. Recent technical indicators for the stock are bearish.

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