Vanguard Total Stock Market ETF (VTI) 11/13/09 PriceWatch Alert Could Hit 15.85% Return
Posted: Friday, November 13, 2009 8:28 AM EDT
By: Market Intelligence Center Staff
Vanguard Total Stock Market ETF (PCX: VTI) closed yesterday at $54.84. 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 54.07 and resistance in the 56.05 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 54 covered call (JTI AB) for a net debit in the $52.54 area. That is also the break even stock price for this trade. This covered call has a 64 day duration, provides 4.19% downside protection and a 2.78% assigned return rate for a 15.85% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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