Goldman Sachs Suggests Selling Puts on RadioShack (RSH)

Goldman Sachs is out with a research note this morning, where it suggests that traders sell puts on RadioShack Corporation RSH ahead of earnings. Goldman Sachs Retail analyst, Matt Fassler, is bullish on RSH shares and sees the potential for consensus EPS estimates to move higher following earnings next week. Although the analyst reduced his 1Q estimate and now is below consensus ($0.32 vs. $0.35), he expects the company to hold guidance for the year. His 2012 EPS estimates are 9% above consensus and he sees 15% upside to shares over the next 12 months. Goldman Sachs suggests selling May $15.00 puts $0.36. RadioShack Corporation is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. The company has two segments: U.S. RadioShack company-operated stores and kiosks.