Payless ShoeSource (PSS) 9/3/10 PriceWatch Alert Up To 18.10% Return
Posted: Friday, September 03, 2010 8:08 AM EDT
By: Market Intelligence Center Staff
Payless ShoeSource (NYSE: PSS) closed yesterday at $12.51. So far the stock has hit a 52-week low of $12.41 and 52-week high of $26.65. Payless ShoeSource stock has been showing support around 11.86 and resistance in the 13.60 range. Technical indicators for the stock are Bearish and S&P gives PSS a neutral 3 STAR (out of 5) hold rating. PSS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Mar '11 10 covered call for a net debit in the $9.11 area. That is also the break even stock price for this trade. This covered call has a 197 day duration, provides 27.18% downside protection and a 9.77% assigned return rate for an 18.10% annualized return rate (comparison purposes only). Payless ShoeSource does not pay dividends at this time. [FBB-Seven Summits Research]
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