MorningUpdate - Options Trading Email

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New PriceWatch Alerts for AAPL, TXN, GLW, HIG, and More...

January 13, 8:30 AM EST - Before the open... PriceWatch Alerts for 
VALE, SEED, GLW, AXP, TIF, HIG, AAPL, AUY, AMLN, MET, TXN, WFT, 
NVDA, DOW and KGC, Market Overview, News Leaders and Laggards, 
Today's Economic Calendar, and Index Support & Resistance Levels.

New PriceWatch Alerts for VALE, SEED, GLW, AXP, TIF, HIG, AAPL, 
AUY, AMLN, MET, TXN, WFT, NVDA, DOW and KGC

PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Vale SA (NYSE: VALE)
Last Price 31.02 - JUN 28.00 CALL OPTION@ $4.70 -> 6.4% Return 
(14.8% Annualized) assigned*
-- Origin Agritech Ltd. (Nasdaq: SEED)
Last Price 14.13 - MAY 12.50 CALL OPTION@ $2.85 -> 10.8% Return 
(30.6% Annualized) assigned*
-- Corning Inc. (NYSE: GLW)
Last Price 20.17 - MAY 19.00 CALL OPTION@ $2.20 -> 5.7% Return 
(16.2% Annualized) assigned*
-- American Express Company (NYSE: AXP)
Last Price 42.02 - APR 40.00 CALL OPTION@ $3.90 -> 4.9% Return 
(19.2% Annualized) assigned*
-- Tiffany and Co. (NYSE: TIF)
Last Price 46.15 - MAY 44.00 CALL OPTION@ $4.85 -> 6.5% Return 
(18.5% Annualized) assigned*

-- Hartford Financial Services Group Inc. (NYSE: HIG)
Last Price 27.38 - APR 24.00 CALL OPTION@ $4.90 -> 6.7% Return 
(15.6% Annualized) assigned*
-- Apple Inc. (Nasdaq: AAPL)
Last Price 207.72 - JUN 195.00 CALL OPTION@ $21.50 -> 4.7% Return 
(18.3% Annualized) assigned*
-- Yamana Gold Inc. (NYSE: AUY)
Last Price 12.27 - APR 12.00 CALL OPTION@ $1.30 -> 9.4% Return 
(36.5% Annualized) assigned*
-- Amylin Pharmaceuticals Inc. (Nasdaq: AMLN)
Last Price 15.99 - JUN 15.00 CALL OPTION@ $2.95 -> 15.0% Return 
(58.4% Annualized) assigned*
-- MetLife Inc. (NYSE: MET)
Last Price 38.51 - JUN 36.00 CALL OPTION@ $4.70 -> 6.5% Return 
(15.1% Annualized) assigned*

-- Texas Instruments (NYSE: TXN)
Last Price 24.91 - MAY 24.00 CALL OPTION@ $1.95 -> 4.5% Return 
(17.6% Annualized) assigned*
-- Weatherford International Ltd. (NYSE: WFT)
Last Price 19.07 - JUN 18.00 CALL OPTION@ $2.45 -> 8.3% Return 
(23.5% Annualized) assigned*
-- NVIDIA Corp. (Nasdaq: NVDA)
Last Price 17.67 - APR 16.00 CALL OPTION@ $3.05 -> 9.4% Return 
(21.9% Annualized) assigned*
-- Dow Chemical Co. (NYSE: DOW)
Last Price 30.86 - MAY 28.00 CALL OPTION@ $4.60 -> 6.6% Return 
(15.4% Annualized) assigned*
-- Kinross Gold Corporation (NYSE: KGC)
Last Price 20.03 - MAY 18.00 CALL OPTION@ $3.15 -> 6.6% Return 
(18.8% Annualized) assigned*

*Annualized returns are shown for comparison purposes only
 
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SELECT 10 STRATEGIES FOR TODAY -----------------------------------  
Every trading day our Special Daily Select 10 Hedged Strategies 
service points out 10 covered call trades and 10 hedged trades 
normally requiring much less capital. The goal is for each trade to 
generate at least a 5% return over 60 to 180 days. Using our 
sophisticated computer models we hunt down the trades with the 
highest return and the lowest risk. This is a great way see the 
types of trades that can rely on solid stocks to produce double-
digit annual returns while reducing overall risk of holding the 
stock and conserving your investment funds. 

Today our Select 10 picks include strategies, tactics and trade 
ideas for Apple (AAPL), Amazon.com (AMZN), and Chevron (CVX) with 
up to 64% targeted annualized return and 11.9% downside protection. 
See the Select 10 Hedged Strategies list for all the details.

NEWS LEADERS AND LAGGARDS-----------------------------------------  
So far this morning, Linear Technology Corporation (LLTC), Baidu, 
Inc. (BIDU), and Kraft Foods (KFT) lead the list of companies with 
positive news, while Google (GOOG) and Dell (DELL) lead the list of 
companies with negative news. Rio Tinto PLC (RTP), AstraZeneca 
(AZN) and Joy Global (JOYG) were upgraded this morning, while 
Capital One (COF), GlaxoSmithKline (GSK), and Kennametal (KMT) 
received downgrades.

MARKET OVERVIEW---------------------------------------------------
Overseas trading is in poor shape this morning, as only three of 
the 10 foreign indexes that we track are in positive territory.  
The cumulative average return on the collective stands at a loss of 
0.83%.  In Asia, stocks closed in the red, after Chinese central 
bank moved to rein in excessive credit creation. In Europe, stocks 
edged higher.  However, investors were fretting about bank-sector 
earnings on Wednesday, with Societe Generale shares down 4.4% after 
it said it now expects to report "a slight profit" for the fourth 
quarter of 2009. 

Crude futures turned lower for the second consecutive session on 
Tuesday, after China's decision to boost interest rates increased 
concerns about the country's petroleum demand and weighed on black 
gold. Furthermore, the commodity was pressured lower amid forecasts 
for warmer temperatures across the U.S., which is expected to 
decrease demand for heating oil. By the close, February-dated crude 
oil gave up $1.73, or 2%, to finish at $80.79 per barrel. 
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE) 
saw 1,917,040 call contracts traded on Tuesday, compared to 
1,110,929 put contracts.  The resultant single-session put/call 
ratio arrived at 0.58, 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 $113.20 and resistance around $115.15. For the Nasdaq 100 
(QQQQ), support is near $45.50 and resistance is around $46.65.

TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:30 a.m.     1/8      Crude Inventories
2:00 p.m.      Dec      Treasury Budget
2:00 p.m.               Fed Beige Book

EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ZZ    0.01