Deckers Outdoor (NasdaqNM: DECK) closed yesterday at $67.64. So far the stock has hit a 52-week low of $37.24 and 52-week high of $144.70. Deckers Outdoor stock has been showing support around 64.95 and resistance in the 71.21 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 Sep ’09 65 covered call (QUK IM) for a net debit in the $58.74 area. That is also the break even stock price for this trade. This covered call has an 87 day duration, provides 13.16% downside protection and a 10.66% assigned return rate for a 44.71% annualized return rate (comparison purposes only). Deckers Outdoor does not pay dividends at this time. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]