Vanguard Large-Cap ETF (VV) 11/12/09 PriceWatch Alert With $47.57 Break Even
Posted: Thursday, November 12, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Vanguard Large-Cap ETF (PCX: VV) closed yesterday at $50.02. So far VV has hit a 52-week low of $30.40 and 52-week high of $50.34. VV has been showing support around 49.53 and resistance in the 50.59 range. Technical indicators are Bullish. VV appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 50 covered call (VV CX) for a net debit in the $47.57 area. That is also the break even stock price for this trade. This covered call has a 128 day duration, provides 4.90% downside protection and a 5.11% assigned return rate for a 14.57% annualized return rate (comparison purposes only). [THA-Seven Summits Research]
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