Vanguard Total Stock Market ETF (VTI) 11/16/09 PriceWatch Alert With $53.36 Break Even
Posted: Monday, November 16, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Vanguard Total Stock Market ETF (PCX: VTI) ended the last trading session at $55.16. 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 54.37 and resistance in the 55.75 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 $53.36 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 3.26% downside protection and a 3.07% assigned return rate for an 18.39% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
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