Payless ShoeSource (PSS) 11/17/09 PriceWatch Alert Could Hit 20.48% Return
Posted: Tuesday, November 17, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Payless ShoeSource (NYSE: PSS) closed yesterday at $20.67. So far the stock has hit a 52-week low of $3.85 and 52-week high of $21.85. Payless ShoeSource stock has been showing support around 20.12 and resistance in the 21.30 range. Technical indicators for the stock are Bullish 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 Mar '10 17.50 covered call (PSS CW) for a net debit in the $16.37 area. That is also the break even stock price for this trade. This covered call has a 123 day duration, provides 20.80% downside protection and a 6.90% assigned return rate for a 20.48% annualized return rate (comparison purposes only). Payless ShoeSource does not pay dividends at this time. [ATU-Seven Summits Research]
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