MorningUpdate - Options Trading Email

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New PriceWatch Alerts for GRMN GE, COP, KO, DAL, and More...

December 31, 8:30 AM EST - Before the open... PriceWatch Alerts for 
GE, COP, KO, DAL and SEED, Market Overview, News Leaders and 
Laggards, Today's Economic Calendar, and Index Support & Resistance 
Levels.

New PriceWatch Alerts for GE, COP, KO, DAL and SEED

PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- 
-- General Electric Company (NYSE: GE) 
Last Price 15.35 - JUN 15.00 CALL OPTION@ $1.48 -> 8.1% Return 
(17.5% Annualized) assigned* 
-- ConocoPhillips (NYSE: COP)                     
Last Price 50.99 - MAY 50.00 CALL OPTION@ $3.55 -> 5.4% Return 
(13.9% Annualized) assigned*
-- Coca Cola Company (NYSE: KO)    
Last Price 57.68 - MAY 57.50 CALL OPTION@ $2.50 -> 4.2% Return 
(10.8% Annualized) assigned*
-- Delta Air Lines Inc. (NYSE: DAL)                                           
Last Price 11.37 - JUN 10.00 CALL OPTION@ $2.55 -> 13.4% Return 
(28.7% Annualized) assigned*
-- Origin Agritech Ltd. (NASDAQ: SEED)                             
Last Price 12.80 - MAY 11.00 CALL OPTION@ $3.00 -> 12.2% Return 
(31.5% Annualized) assigned*  

*Annualized returns are shown for comparison purposes only
 
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Overseas trading has a positive bias this morning, as six of the 10 
foreign indexes that we track are in positive territory. In Asia, 
China stocks closed out 2009 on a positive note Thursday, with the 
Shanghai Composite Index rising 0.5%. For 2009, the index gained 
80%. The smaller of China's two main indexes, the Shenzhen 
Composite Index, ended 0.4% higher. For the year, it's up 117%. 
Thursday's full-day session in Shanghai closes out 12 months of 
trade that saw the index climb steadily from the start of the year 
to reach an intraday high 3,471.4 in early August, with sideways 
range-bound trading characterizing the broad direction for the 
remaining months. Hong Kong's stock market finished 2009 on an up 
note Thursday, with the benchmark Hang Seng Index closing 1.8% 
higher on relatively thin volume. For the year, the index gained 
52%. 

Turning to Europe, shares edged higher today in a shortened final 
session of 2009 as the region prepared to wrap up its best trading 
year in a decade. Gains for banking and construction stocks offset 
by declines in the pharmaceutical and telecom sectors. At last 
check, the French CAC 40 was up 0.26% and had gained 22.4% during 
the past year. The London FTSE 100 was up 0.1%, and was poised to 
gain 21.8% since the start of 2009. The German market was closed 
today, but at Wednesday's close the DAX 30 index was up nearly 24% 
for the year.

Crude oil futures approached the $80-per-barrel level Wednesday, as 
government data pointed to a fourth straight weekly decline in 
domestic stockpiles. More specifically, the Energy Department said 
crude inventories depleted by 1.5 million to 326 million barrels in 
the week ended Dec. 25, marking a near one-year low. Furthermore, 
distillate stockpiles - which include heating oil and diesel - fell 
by 2 million barrels last week, defying economists' predictions for 
a 400,000-barrel increase. By the close, crude oil for February 
delivery advanced 41 cents, or 0.5%, to finish at $79.28 per barrel 
- a seven-week peak. Gold futures dipped for the second straight 
session, as the greenback gained ground against the yen.

PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE) 
saw 942,335 call contracts traded on Wednesday, compared to 598,571 
put contracts. The resultant single-session put/call ratio arrived 
at 0.64, while the 21-day moving average dropped to 0.61.

SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood 
of $111.99 and resistance around $113.03. For the Nasdaq 100 
(QQQQ), support is near $45.94 and resistance is around $46.30.

TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m.		12/26		Initial Jobless claims

EARNINGS EXPECTED TODAY (w/current estimates) --------------------
No major earnings announcements expected today.