Vanguard Large-Cap ETF (VV) PriceWatch Alert Targets 6.51% Return

Posted: Monday, July 06, 2009 8:07 AM EDT

Vanguard Large-Cap ETF (PCX: VV) closed yesterday at $40.75. So far VV has hit a 52-week low of $30.40 and 52-week high of $59.35. VV has been showing support around 40.33 and resistance in the 41.59 range. Technical indicators are Neutral. VV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Dec '09 40 covered call (VV LN) for a net debit in the $38.85 area. That is also the break even stock price for this trade. This covered call has a 166 day duration, provides 4.66% downside protection and a 2.96% assigned return rate for a 6.51% 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]

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