Sears (SHLD) PriceWatch Alert With 8.71% Downside Protection
Posted on September 08, 2008 at 04:07 AM EDT
Sears (NasdaqNM: SHLD) ended the last trading session at $90.68. So far the stock has hit a 52-week low of $67.36 and 52-week high of $152.91. Sears stock has been showing support around 86.00 and resistance in the 93.90 range. Technical indicators for the stock are Bullish and S&P gives SHLD a weak 2 STAR (out of 5) sell rating. SHLD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Dec '08 90 covered call (KTQ LR) for a net debit in the $82.78 area. That is also the break even stock price for this trade. This covered call has a 103 day duration, provides 8.71% downside protection and an 8.72% assigne...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)