MorningUpdate - Options Trading Email
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New PriceWatch Alerts for IBM, TGT, YHOO, PBR, and More...
January 15, 8:30 AM EST - Before the open... PriceWatch Alerts for
IBM, TGT, YHOO, PBR, EMC, WLP, ILMN, KLAC, MAR, and WFMI, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for IBM, TGT, YHOO, PBR, EMC, WLP, ILMN,
KLAC, MAR, and WFMI
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- International Business Machines Corp. (NYSE: IBM)
Last Price 132.31 - JUL 130.00 CALL OPTION@ $8.00 -> 4.6% Return
(9.1% Annualized) assigned*
-- Target Corp. (NYSE: TGT)
Last Price 50.10 - APR 50.00 CALL OPTION@ $2.34 -> 4.7% Return
(18.6% Annualized) assigned*
-- Yahoo! Inc. (Nasdaq: YHOO)
Last Price 17.12 - JUL 17.00 CALL OPTION@ $1.41 -> 8.2% Return
(16.4% Annualized) assigned*
-- Marriott International, Inc. (NYSE: MAR)
Last Price 29.69 - APR 29.00 CALL OPTION@ $2.10 -> 5.1% Return
(20.3% Annualized) assigned*
-- Whole Foods Market, Inc. (Nasdaq: WFMI)
Last Price 28.22 - FEB 28.00 CALL OPTION@ $1.75 -> 5.8% Return
(58.6% Annualized) assigned*
-- Petroleo Brasileiro (NYSE: PBR)
Last Price 45.14 - FEB 45.00 CALL OPTION@ $1.92 -> 4.1% Return
(41.8% Annualized) assigned*
-- EMC Corporation (NYSE: EMC)
Last Price 18.17 - JUL 18.00 CALL OPTION@ $1.50 -> 8.0% Return
(15.9% Annualized) assigned*
-- WellPoint Inc. (NYSE: WLP)
Last Price 66.22 - MAR 65.00 CALL OPTION@ $4.20 -> 4.8% Return
(27.4% Annualized) assigned*
-- Illumina Inc. (Nasdaq: ILMN)
Last Price 39.03 - JUN 35.00 CALL OPTION@ $6.50 -> 7.6% Return
(17.9% Annualized) assigned*
-- KLA-Tencor Corporation (Nasdaq: KLAC)
Last Price 35.00 - FEB 35.00 CALL OPTION@ $1.50 -> 4.5% Return
(45.4% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Intel (INTC), Amazon.com (AMZN), and Bare
Escentuals (BARE) lead the list of companies with positive news,
while JPMorgan Chase (JPM), Terra Industries (TRA), and Penn
Virginia (PVA) lead the list of companies with negative news. Tyson
Foods (TSN), Lennar (LEN) and Chipotle Mexican Grill (CMG) were
upgraded this morning, while Paychex (PAYX), Novo-Nordisk (NVO),
and China Automotive (CAAS) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is headed into the weekend on a sour note, 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 0.09%. In Asia, the major markets ended mostly higher,
and in Europe the various indexes notched small gains, with broker
upgrades and deal speculation helping media stocks advance.
Crude futures finished in the red for a fourth consecutive session
today, as commodities traders interpreted disappointing employment
and retail reports as a sign of potential weakness in demand. In
addition, black gold continued to retreat in the wake of
yesterday's inventories report, which revealed a larger-than-
anticipated increase in domestic stockpiles.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,911,347 call contracts traded on Thursday, compared to
1,034,565 put contracts. The resultant single-session put/call
ratio arrived at 0.54, while the 21-day moving average held at
0.58.
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 ----------------------------------------
4:00 p.m. Jan Equity Options Expiration
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
CRI 0.66
JPM 0.61
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