Deckers Outdoor (DECK) 11/6/09 PriceWatch Alert At $82.13 Break Even
Posted: Friday, November 06, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Deckers Outdoor (NasdaqNM: DECK) closed yesterday at $93.43. So far the stock has hit a 52-week low of $37.24 and 52-week high of $99.73. Deckers Outdoor stock has been showing support around 90.05 and resistance in the 95.41 range. Technical indicators for the stock are Bullish and S&P gives DECK a neutral 3 STAR (out of 5) hold rating. DECK appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Mar '10 90 covered call (QUK CR) for a net debit in the $82.13 area. That is also the break even stock price for this trade. This covered call has a 134 day duration, provides 12.09% downside protection and a 9.58% assigned return rate for a 26.10% annualized return rate (comparison purposes only). Deckers Outdoor does not pay dividends at this time. [FBB-Seven Summits Research]
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