Vanguard Total Stock Market ETF (VTI) PriceWatch Alert Targets 14.11% Return

Posted on Friday, September 05, 2008 8:07 AM

Vanguard Total Stock Market ETF (AMEX: VTI) closed yesterday at $62.26. So far VTI has hit a 52-week low of $60.00 and 52-week high of $78.25. VTI has been showing support around 61.21 and resistance in the 64.37 range. Technical indicators are Bearish. VTI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '08 62 covered call (VTI LJ) for a net debit in the $59.56 area. That is also the break even stock price for this trade. This covered call has a 106 day duration, provides 4.34% downside protection and a 4.10% assigned return rate for a 14.11% 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]