Payless ShoeSource (PSS) PriceWatch Alert Targets 18.38% Return
Posted: Monday, July 06, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Payless ShoeSource (NYSE: PSS) closed yesterday at $13.71. So far the stock has hit a 52-week low of $3.85 and 52-week high of $21.00. Payless ShoeSource stock has been showing support around 13.17 and resistance in the 14.77 range. Technical indicators for the stock are Bearish and S&P gives PSS a weak 2 STAR (out of 5) sell rating. PSS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 10 covered call (LWB AB) 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 194 day duration, provides 33.55% downside protection and a 9.77% assigned return rate for an 18.38% annualized return rate (comparison purposes only). Payless ShoeSource does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Collective Brands (PSS) Stock ReportSee what our analysts have uncovered about Collective Brands (PSS).