Payless ShoeSource (PSS) PriceWatch Alert - Covered Call Risk Ranking Improves to 3 Keys

Posted: Monday, November 23, 2009 8:18 AM EDT

Payless ShoeSource (NYSE: PSS) closed yesterday at $20.12. So far the stock has hit a 52-week low of $3.85 and 52-week high of $21.85. The proprietary Key Risk Ranking for PSS has improved from a 2 KEY Considerable Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for a conservative covered call trade on this underlying stock with a targeted 7.23% return (22.56% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [ABR-Seven Summits Research]

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