Vanguard Large-Cap ETF (VV) 11/3/09 PriceWatch Alert Could Hit 9.60% Return

Posted: Tuesday, November 03, 2009 8:23 AM EDT

Vanguard Large-Cap ETF (PCX: VV) closed yesterday at $47.37. So far VV has hit a 52-week low of $30.40 and 52-week high of $50.15. VV has been showing support around 46.28 and resistance in the 48.38 range. Technical indicators are Bearish. VV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 44 covered call (VV CR) for a net debit in the $42.47 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 10.34% downside protection and a 3.60% assigned return rate for a 9.60% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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