Vanguard Total Stock Market ETF (VTI) 11/18/09 PriceWatch Alert Up To 2.77% Downside Protection
Posted: Wednesday, November 18, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Vanguard Total Stock Market ETF (PCX: VTI) closed yesterday at $56.05. So far VTI has hit a 52-week low of $33.26 and 52-week high of $56.22. VTI has been showing support around 55.48 and resistance in the 56.38 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 56 covered call (JTI AD) for a net debit in the $54.50 area. That is also the break even stock price for this trade. This covered call has a 59 day duration, provides 2.77% downside protection and a 2.75% assigned return rate for a 17.03% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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