Vanguard Large-Cap ETF (VV) 11/16/09 PriceWatch Alert With 5.92% Downside Protection
Posted: Monday, November 16, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Vanguard Large-Cap ETF (PCX: VV) ended the last trading session at $49.80. 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 49.13 and resistance in the 50.31 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 $46.85 area. That is also the break even stock price for this trade. This covered call has a 124 day duration, provides 5.92% downside protection and a 4.59% assigned return rate for a 13.51% annualized return rate (comparison purposes only). [ABR-Seven Summits Research]
CLICK HERE: FREE (VV) Stock ReportSee what our analysts have uncovered about (VV).