Vanguard Large-Cap ETF (VV) 11/17/09 PriceWatch Alert Could Hit 13.79% Return
Posted: Tuesday, November 17, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Vanguard Large-Cap ETF (PCX: VV) closed yesterday at $50.53. So far VV has hit a 52-week low of $30.40 and 52-week high of $50.73. VV has been showing support around 49.86 and resistance in the 51.06 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 $47.78 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 5.44% downside protection and a 4.65% assigned return rate for a 13.79% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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