MorningUpdate - Options Trading Email
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New PriceWatch Alerts for COP, COF, V, X, and More...
January 25, 8:30 AM EST - Before the open... PriceWatch Alerts for
COP, COF, V, X, SBUX, RMBS, SHW, CL, AEM, and PTV, Market Overview,
News Leaders and Laggards, Today's Economic Calendar, and Index
Support & Resistance Levels.
New PriceWatch Alerts for COP, COF, V, X, SBUX, RMBS, SHW, CL, AEM,
and PTV
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- ConocoPhillips (NYSE: COP)
Last Price 50.60 - MAY 50.00 CALL OPTION@ $3.20 -> 5.5% Return
(17.1% Annualized) assigned*
-- Capital One Financial Corp. (NYSE: COF)
Last Price 37.53 - MAR 37.00 CALL OPTION@ $2.78 -> 6.5% Return
(43.8% Annualized) assigned*
-- Colgate-Palmolive Co. (NYSE: CL)
Last Price 80.71 - AUG 80.00 CALL OPTION@ $5.20 -> 5.9% Return
(10.4% Annualized) assigned*
-- Agnico-Eagle Mines Ltd. (NYSE: AEM)
Last Price 53.73 - MAR 50.00 CALL OPTION@ $5.80 -> 4.3% Return
(29.2% Annualized) assigned*
-- Pactiv Corp. (NYSE: PTV)
Last Price 23.66 - MAY 22.50 CALL OPTION@ $2.20 -> 4.8% Return
(15.1% Annualized) assigned*
-- Visa, Inc. (NYSE: V)
Last Price 82.73 - JUN 80.00 CALL OPTION@ $7.45 -> 6.3% Return
(15.8% Annualized) assigned*
-- United States Steel Corp. (NYSE: X)
Last Price 55.07 - FEB 55.00 CALL OPTION@ $3.50 -> 6.8% Return
(95.4% Annualized) assigned*
-- Starbucks Corp. (Nasdaq: SBUX)
Last Price 22.91 - APR 22.00 CALL OPTION@ $1.94 -> 4.9% Return
(21.9% Annualized) assigned*
-- Rambus Inc. (Nasdaq: RMBS)
Last Price 24.74 - FEB 24.00 CALL OPTION@ $1.83 -> 4.8% Return
(66.8% Annualized) assigned*
-- Sherwin-Williams Co. (NYSE: SHW)
Last Price 58.00 - JUN 55.00 CALL OPTION@ $5.20 -> 4.2% Return
(10.5% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, AK Steel (AKS), Eaton Corporation (ETN), and
Koninklijke Philips Electronics (PHG) lead the list of companies
with positive news, while Halliburton (HAL), Quest Diagnostics
(DGX), and Prosperity Bancshares (PRXP) lead the list of companies
with negative news. General Dynamics (GD), Tiffany & Co. (TIF), and
Schlumberger (SLB) were upgraded this morning, while SunTrust Banks
(STI), Genco Shipping & Trading (GNK), and Regions Financial (RF)
received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is off to a rough start this morning, as only one
of the 10 foreign indexes that we track is in positive territory.
The cumulative average return on the collective stands at a loss of
0.44%. In Asia, the various markets closed in the red as risk-
averse investors sold banking and metals stocks after hefty losses
on Wall Street Friday. Turning to Europe, shares bounced back from
early losses to trade with mild gains, as banks and miners
advanced.
Crude futures retreated in tandem with the equities market on
Friday, as commodities traders continued to sweat over China's
attempts to curb lending. In addition, the oil pits remained shaken
after Thursday's inventories report, which indicated that domestic
gasoline stockpiles jumped to a two-year high last week. By the
close, March-dated crude surrendered $1.54, or 2.02%, to settle at
$74.54 per barrel – the lowest closing price for a front-month
contract since Dec. 22. For the week, black gold gave up 4.7%.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,749,986 call contracts traded on Thursday, compared to
1,315,706 put contracts. The resultant single-session put/call
ratio arrived at 0.75, while the 21-day moving average rose to
0.59.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $108.10 and resistance around $115.15. For the Nasdaq 100
(QQQQ), support is near $43.75 and resistance is around $46.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Dec Existing Home Sales
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AKS 0.21
AMGN 1.16
AAPL 2.06
BOH 0.53
ETN 1.23
HAL 0.27
PKG 0.13
DGX 0.96
SEE 0.40
ERIC 0.19
TXN 0.49
VMW 0.26
WAT 1.09
ZION -0.03
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