Vanguard Large-Cap ETF (VV) 11/13/09 PriceWatch Alert At $46.71 Break Even
Posted: Friday, November 13, 2009 8:06 AM EDT
By: Market Intelligence Center Staff
Vanguard Large-Cap ETF (PCX: VV) closed yesterday at $49.51. 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 48.87 and resistance in the 50.53 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 49 covered call (VV CW) for a net debit in the $46.71 area. That is also the break even stock price for this trade. This covered call has a 127 day duration, provides 5.66% downside protection and a 4.90% assigned return rate for a 14.09% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]
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