Vanguard Total Stock Market ETF (VTI) 11/11/09 PriceWatch Alert Targets 3.26% Downside Protection
Posted: Wednesday, November 11, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
Vanguard Total Stock Market ETF (PCX: VTI) closed yesterday at $55.18. So far VTI has hit a 52-week low of $33.26 and 52-week high of $55.85. VTI has been showing support around 54.63 and resistance in the 55.63 range. Technical indicators are Bullish. VTI appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jan '10 55 covered call (JTI AC) for a net debit in the $53.38 area. That is also the break even stock price for this trade. This covered call has a 66 day duration, provides 3.26% downside protection and a 3.03% assigned return rate for a 16.78% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
CLICK HERE: FREE (VTI) Stock ReportSee what our analysts have uncovered about (VTI).