MorningUpdate - Options Trading Email
Dear [FIRST_NAME]:
You received this alert as part of your subscription to one of the
PowerOptions products.
It's one of the PriorityONE benefits included with our service.
As always, if you have any questions feel free to email us at
support@poweropt.com or call 877-992-7971.
------------------------------------------------------------------
New PriceWatch Alerts for BAC, LVS, LTD, EBAY, and More...
June 22, 8:30 AM EST - Before the open... PriceWatch Alerts for
BAC, LVS, LTD, EBAY, PWR, WFC, ORCL, AMZN, USB, LRCX, CAT, RIMM,
MS, MRVL and AMR, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for BAC, LVS, LTD, EBAY, PWR, WFC, ORCL,
AMZN, USB, LRCX, CAT, RIMM, MS, MRVL and AMR
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Bank of America Corporation (NYSE: BAC)
Last Price 16.93 - MAY 16.00 CALL OPTION@ $2.01 -> 7.2% Return
(20.3% Annualized) assigned*
-- Las Vegas Sands Corp (NYSE: LVS)
Last Price 18.36 - JUN 15.00 CALL OPTION@ $4.80 -> 10.6% Return
(24.5% Annualized) assigned*
-- Limited Brands Inc (NYSE: LTD)
Last Price 20.46 - MAY 20.00 CALL OPTION@ $2.15 -> 9.2% Return
(25.9% Annualized) assigned*
-- EBay Inc (Nasdaq: EBAY)
Last Price 23.45 - APR 23.00 CALL OPTION@ $1.76 -> 6.0% Return
(23.2% Annualized) assigned*
-- Quanta Services Inc (NYSE: PWR)
Last Price 20.98 - MAY 20.00 CALL OPTION@ $2.20 -> 6.5% Return
(18.2% Annualized) assigned*
-- Wells Fargo and Company (NYSE: WFC)
Last Price 28.80 - APR 28.00 CALL OPTION@ $2.37 -> 5.9% Return
(22.8% Annualized) assigned*
-- Oracle Corp (Nasdaq: ORCL)
Last Price 24.69 - JUN 24.00 CALL OPTION@ $2.08 -> 6.1% Return
(14.2% Annualized) assigned*
-- Amazon.com (Nasdaq: AMZN)
Last Price 130.31 - APR 120.00 CALL OPTION@ $17.25 -> 6.1% Return
(23.6% Annualized) assigned*
-- US Bancorp (NYSE: USB)
Last Price 24.32 - JUN 23.00 CALL OPTION@ $2.63 -> 6.0% Return
(14.0% Annualized) assigned*
-- Lam Research Corp (Nasdaq: LRCX)
Last Price 41.43 - JUN 40.00 CALL OPTION@ $4.65 -> 8.8% Return
(20.2% Annualized) assigned*
-- Caterpillar Inc (NYSE: CAT)
Last Price 64.13 - MAY 32.50 CALL OPTION@ $5.40 -> 6.4% Return
(18.0% Annualized) assigned*
-- Research In Motion Ltd (Nasdaq: RIMM)
Last Price 64.52 - JUN 60.00 CALL OPTION@ $9.45 -> 9.0% Return
(20.7% Annualized) assigned*
-- Morgan Stanley (NYSE: MS)
Last Price 32.04 - APR 31.00 CALL OPTION@ $2.70 -> 5.7% Return
(21.7% Annualized) assigned*
-- Marvell Technology (Nasdaq: MRVL)
Last Price 21.20 - MAY 20.00 CALL OPTION@ $2.80 -> 8.7% Return
(24.4% Annualized) assigned*
-- AMR Corp (NYSE: AMR)
Last Price 8.05 - MAY 8.00 CALL OPTION@ $1.35 -> 19.6% Return
(55.0% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
What exactly is a Covered Call? What are the risks, benefits, and
requirements? If you are asking yourself these questions, the
answers you seek lie in :Covered Calls: Aggressive Strategy for the
Conservative Investor: (http://www.poweropt.com/107/). This
educational kit, written by the founders of PowerOptions, will
teach you the ins and outs of the Covered Call Strategy. PLUS, it
comes with two free months of PowerOptions AND a 30 day risk free
guarantee!
Can you back test these strategies? Yes, you can! PowerOptions
offers a full back testing screener, SmartHistoryXL, to its
subscribers. Back test over 20 different options strategies using
your personal search criteria. Check out PowerOptions
SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-
instructions.asp) and start back testing today!
NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, H.J. Heinz (HNZ), Prudential (PRU), and
Domino's Pizza(DPZ) lead the list of companies with positive news,
while Alcoa (AA), KB Home (KBH), and Electronic Arts (ERTS) lead
the list of companies with negative news. Under Armour (UA),
Entergy (ETR) and O'Reilly Automotive (ORLY) were upgraded this
morning, while Advance Auto Parts (AAP), Leap Wireless (LEAP), and
New York & Co. (NWY) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading in struggling this morning, as only three of the
10 foreign indexes that we track are in positive territory. In
Asia, the various markets closed mixed, with Alcoa's disappointing
earnings weighing on the region's materials shares. Software
developers jumped in India after Infosys Technologies' better-
than-expected quarterly results and improved profit forecast,
though the broader market declined in volatile trading. Shares of
shipping companies surged in Hong Kong as well as Shanghai after
strong recent Chinese trade data. Turning to Europe, stocks
dropped, weighed down by worries about growth in China and a less-
than-impressive start to the U.S. earnings season. Oil producers
and miners dropped as commodity futures fell amid worries about
the prospects for economic growth in China.
Crude futures bounced between positive and negative territory on
Monday, as traders considered both bullish and bearish catalysts.
Black gold initially moved higher, buoyed by weakness in the U.S.
dollar, refinery troubles, and signs of rising demand from the Far
East. Specifically, China's oil imports tagged a record high of
21.26 million metric tons in December, and a sabotage attempt by
militants in Nigeria caused Chevron (CVX) to shut down 20,000
barrels per day in the Niger Delta. However, the front-month
contract faltered as the trading day continued. Many forecasts are
now calling for a so-called "January thaw," and warmer
temperatures are expected to spread from the Great Plains to the
Northeast by the end of the week -- putting a crimp in demand for
heating oil. By the close, crude oil for February delivery gave up
just 23 cents, or 0.28%, to finish at $82.52 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange
(CBOE) saw 1,864,880 call contracts traded on Monday, compared to
905,193 put contracts. The resultant single-session put/call
ratio arrived at 0.49, while the 21-day moving average held at
0.59.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $113.18 and resistance around $115.14. For the Nasdaq 100
(QQQQ), support is near $45.92 and resistance is around $46.64.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Trade balance November
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
KBH -0.42
LLTC 0.31
SVU 0.404
|
