Dec 28, 2012 (Marketintelligencecenter.com via COMTEX) -- PS Business Parks Inc. (NYSE:PSB) closed Thursday's trading session at $65.40. In the past year, the stock has hit a 52-week low of $55.38 and 52-week high of $71.72. PS Business Parks (PSB) stock has been showing support around $64.29 and resistance in the $65.99 range. Technical indicators for the stock are Bearish and S&P gives PS Business Parks (PSB) a positive 4 STARS (out of 5) buy rating. For a hedged play on PS Business Parks (PSB), look at the Jul '13 $65.00 covered call for a net debit in the $63.50 area. That is also the break-even stock price for this trade. This covered call has a duration of 204 days, provides 2.91% downside protection and an assigned return rate of 2.36% for an annualized return rate of 4.23% (for comparison purposes only). PS Business Parks (PSB) has a current annual dividend yield of 2.72%.
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