Kohls (KSS) PriceWatch Alert Up To 9.98% Downside Protection
Posted on July 31, 2008 at 04:07 AM EDT
Kohls ( NYSE: KSS ) closed yesterday at $42.10. So far the stock has hit a 52-week low of $36.81 and 52-week high of $63.97. Kohls stock has been showing support around 40.24 and resistance in the 44.32 range. Technical indicators for the stock are Bearish and S&P gives KSS a neutral 3 STAR (out of 5) hold rating. KSS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Sep '08 40 covered call (KSS IH) for a net debit in the $37.90 area. That is also the break even stock price for this trade. This covered call has a 51 day duration, provides 9.98% downside protection and a 5.54% assigned return ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)