Vanguard Total Stock Market ETF (VTI) PriceWatch Alert With $37.56

Vanguard Total Stock Market ETF (PCX: VTI) ended the last trading session at $40.66. So far VTI has hit a 52-week low of $33.26 and 52-week high of $71.80. VTI has been showing support around 40.14 and resistance in the 41.36 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 Jun '09 40 covered call (JTI FN) for a net debit in the $37.56 area. That is also the break even stock price for this trade. This covered call has an 82 day duration, provides 7.62% downside protection and a 6.50% assigned return rate for a 28.92% annualized return rate (comparison purposes only). [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]