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We are adding the following PSS put write to our JULY RECOMMENDED LIST

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We are adding following put write to our JULY RECOMMENDED LIST

We are recommending a put write in the following issue:

PSS - Payless ShoeSource, Inc., through its wholly owned subsidiaries, operates as a family footwear specialty retailer. The company offers athletic, casual, and dress shoes; sandals; work and fashion boots; slippers; and accessories, such as handbags and hosiery for women, men, and children. Payless ShoeSource operates its stores in various real estate formats, including shopping malls, central business districts, free-standing buildings, strip centers, and leased departments in other retailers.

We are recommending the following specific put:

PSS 25.51
SELL PSS JUL SYM: PSS-SX
Target Price $25.00 22.5 Put
Potential Profit(10 x = $250.00
Initial Margin $5,352 10 (contracts)
Return on Investment 4.67%
Cost Basis in Stock = $22.25
Days to Expiration = 31
Stock goes on Watch List Price at: $24.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

This should bring our JULY RECOMMENDED POSITIONS to SIX (6) positions


In addition we are STRAIGHT CANCELLING OUR OPEN ORDER ON LIFC, as it is moving
to far away from our target price to execute.

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