MorningUpdate - Options Trading Email
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New PriceWatch Alerts for QCOM, MA, PEP, CHK, and More...
January 26, 8:30 AM EST - Before the open... PriceWatch Alerts for
QCOM, MA, PEP, CHK, STX, ABT, HRS, AMGN, APA, NSC, SYMC, OXY, DD,
ACF, and VAR, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for QCOM, MA, PEP, CHK, STX, ABT, HRS, AMGN,
APA, NSC, SYMC, OXY, DD, ACF, and VAR
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Qualcomm Inc. (Nasdaq: QCOM)
Last Price 46.91 - APR 46.00 CALL OPTION@ $2.98 -> 4.7% Return
(21.2% Annualized) assigned*
-- Occidental Petroleum Corporation (NYSE: OXY)
Last Price 77.65 - MAY 75.00 CALL OPTION@ $6.90 -> 6.0% Return
(18.9% Annualized) assigned*
-- EI DuPont de Nemours & Co. (NYSE: DD)
Last Price 32.82 - JUL 32.00 CALL OPTION@ $2.60 -> 5.9% Return
(12.5% Annualized) assigned*
-- AmeriCredit Corp. (NYSE: ACF)
Last Price 20.97 - MAY 20.00 CALL OPTION@ $2.60 -> 8.9% Return
(27.9% Annualized) assigned*
-- Varian Medical Systems Inc. (NYSE: VAR)
Last Price 48.51 - MAR 48.00 CALL OPTION@ $4.40 -> 8.8% Return
(60.7% Annualized) assigned*
-- MasterCard Incorporated (NYSE: MA)
Last Price 252.45 - MAR 250.00 CALL OPTION@ $13.10 -> 4.4% Return
(30.6% Annualized) assigned*
-- Amgen Inc. (Nasdaq: AMGN)
Last Price 55.71 - APR 55.00 CALL OPTION@ $3.35 -> 5.0% Return
(22.7% Annualized) assigned*
-- Apache Corp. (NYSE: APA)
Last Price 104.00 - APR 100.00 CALL OPTION@ $8.00 -> 4.2% Return
(18.8% Annualized) assigned*
-- Norfolk Southern Corp. (NYSE: NSC)
Last Price 49.87 - JUN 49.00 CALL OPTION@ $3.70 -> 6.1% Return
(15.5% Annualized) assigned*
-- Symantec Corporation (Nasdaq: SYMC)
Last Price 18.47 - JUL 18.00 CALL OPTION@ $1.75 -> 7.7% Return
(16.2% Annualized) assigned*
-- Pepsico, Inc. (NYSE: PEP)
Last Price 60.23 - JUL 60.00 CALL OPTION@ $3.00 -> 4.8% Return
(10.3% Annualized) assigned*
-- Chesapeake Energy Corporation (NYSE: CHK)
Last Price 26.96 - MAR 26.00 CALL OPTION@ $2.27 -> 5.3% Return
(23.5% Annualized) assigned*
-- Seagate Technology (Nasdaq: STX)
Last Price 18.92 - JUN 18.00 CALL OPTION@ $2.45 -> 9.3% Return
(23.5% Annualized) assigned*
-- Abbott Laboratories (NYSE: ABT)
Last Price 54.70 - MAY 55.00 CALL OPTION@ $2.15 -> 4.7% Return
(14.7% Annualized) assigned*
-- Harris Corp. (NYSE: HRS)
Last Price 46.19 - MAY 45.00 CALL OPTION@ $3.60 -> 5.7% Return
(17.8% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Apple (AAPL), EMC Corporation (EMC), and
Verizon (VZ) lead the list of companies with positive news, while
Johnson & Johnson (JNJ), LM Ericsson (ERIC), and Wimm-Bill-Dann
Foods (WBD) lead the list of companies with negative news. Morgan
Stanley (MS), Texas Instruments (TXN), and Alcoa (AA) were upgraded
this morning, while Johnson Controls (JCI), CIGNA (CI), and Tractor
Supply (TSCO) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is extending Monday's losses, 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
1.05%. In Asia, the major markets closed sharply lower Tuesday,
with Chinese shares dropping further in Hong Kong and Shanghai amid
worries about possible limits on bank lending. In Europe, shares
fell for a fifth straight session, as worries over Japan's fiscal
health and lackluster growth from the U.K. economy offset better-
than-expected earnings from Siemens and Novartis.
In parity with the equities market, crude futures also snapped
their recent losing streak on Monday, thanks to the weaker dollar
and an oil spill in Texas. More specifically, the greenback lost
ground against most of its foreign rivals, pressured into the red
following today's record slide in existing home sales for December.
Meanwhile, the 11,000 barrels of black gold leaked into Texas'
Sabine-Niche Waterway marked the state's largest spill since 1994,
and prevented seaborne supplies from reaching four U.S. refineries.
Against this backdrop, crude oil for March delivery added 72 cents,
or almost 1%, to settle at $75.26 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,315,762 call contracts traded on Monday, compared to 842,772
put contracts. The resultant single-session put/call ratio arrived
at 0.64, 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 $109.10 and resistance around $115.15. For the Nasdaq 100
(QQQQ), support is near $44.00 and resistance is around $46.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
9:00 a.m. Nov Case-Shiller 20-City Index
10:00 a.m. Jan Consumer Confidence
10:00 a.m. Nov FHFA Home Price Index
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ALTR 0.29
ABC 0.46
BHI 0.35
BXP 1.06
ELY -0.28
CVG 0.31
GLW 0.42
DAL -0.24
DD 0.41
EMC 0.30
ENR 1.84
FPL 0.76
JEC 0.58
JNJ 0.97
MCK 1.19
MTG -3.35
NVS 1.10
NUE 0.07
PTV 0.50
BTU 0.29
QLGC 0.29
RF -0.34
SHW 0.52
SYK 0.82
MHP 0.40
TRV 1.49
X -1.43
VZ 0.54
GWW 1.24
YHOO 0.11
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