Vanguard Value ETF (VTV) 11/6/09 PriceWatch Alert With $43.50 Break Even

Posted: Friday, November 06, 2009 8:46 AM EDT

Vanguard Value ETF (PCX: VTV) closed yesterday at $46.20. So far VTV has hit a 52-week low of $28.03 and 52-week high of $48.13. VTV has been showing support around 45.40 and resistance in the 46.60 range. Technical indicators are Bullish. VTV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 46 covered call (VTV CT) for a net debit in the $43.50 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 5.84% downside protection and a 5.75% assigned return rate for a 15.65% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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