MorningUpdate - Options Trading Email
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New PriceWatch Alerts for HPQ, DIS, DELL, VLO, and More...
January 27, 8:30 AM EST - Before the open... PriceWatch Alerts for
HPQ, DIS, DELL, VLO, WAG, BEN, NYB, TRV, HES, BAX, CELG, CMCSA,
APC, BDX, and LLL, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for HPQ, DIS, DELL, VLO, WAG, BEN, NYB, TRV,
HES, BAX, CELG, CMCSA, APC, BDX, and LLL
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Hewlett-Packard Company (NYSE: HPQ)
Last Price 49.74 - MAY 49.00 CALL OPTION@ $3.54 -> 6.1% Return
(19.2% Annualized) assigned*
-- Comcast Corporation (Nasdaq: CMCSA)
Last Price 15.70 - JUL 15.00 CALL OPTION@ $1.70 -> 7.1% Return
(15.2% Annualized) assigned*
-- Anadarko Petroleum Corp. (NYSE: APC)
Last Price 63.89 - JUN 60.00 CALL OPTION@ $7.20 -> 5.8% Return
(18.5% Annualized) assigned*
-- Becton, Dickinson and Company (NYSE: BDX)
Last Price 75.57 - MAY 75.00 CALL OPTION@ $3.90 -> 4.6% Return
(11.9% Annualized) assigned*
-- L-3 Communications Holdings Inc. (NYSE: LLL)
Last Price 84.99 - APR 85.00 CALL OPTION@ $3.40 -> 4.2% Return
(19.1% Annualized) assigned*
-- Walt Disney Co. (NYSE: DIS)
Last Price 29.66 - APR 29.00 CALL OPTION@ $1.92 -> 4.5% Return
(20.7% Annualized) assigned*
-- The Travelers Companies, Inc. (NYSE: TRV)
Last Price 50.23 - APR 50.00 CALL OPTION@ $2.15 -> 4.0% Return
(18.2% Annualized) assigned*
-- Hess Corporation (NYSE: HES)
Last Price 59.09 - MAY 55.00 CALL OPTION@ $6.90 -> 5.4% Return
(17.1% Annualized) assigned*
-- Baxter International Inc. (NYSE: BAX)
Last Price 59.06 - MAY 57.50 CALL OPTION@ $3.80 -> 4.1% Return
(12.9% Annualized) assigned*
-- Celgene Corporation (Nasdaq: CELG))
Last Price 57.86 - APR 57.50 CALL OPTION@ $3.50 -> 5.8% Return
(26.4% Annualized) assigned*
-- Dell Inc. (Nasdaq: DELL)
Last Price 13.58 - AUG 13.00 CALL OPTION@ $1.80 -> 10.4% Return
(18.4% Annualized) assigned*
-- Valero Energy Corp. (NYSE: VLO)
Last Price 19.02 - APR 19.00 CALL OPTION@ $1.02 -> 5.6% Return
(39.0% Annualized) assigned*
-- Walgreen Co. (NYSE: WAG)
Last Price 36.17 - APR 36.00 CALL OPTION@ $1.70 -> 4.4% Return
(20.3% Annualized) assigned*
-- Franklin Resources Inc. (NYSE: BEN)
Last Price 100.47 - MAR 100.00 CALL OPTION@ $5.10 -> 4.9% Return
(34.1% Annualized) assigned*
-- New York Community Bancorp Inc. (NYSE: NYB)
Last Price 14.99 - JUL 15.00 CALL OPTION@ $0.90 -> 6.5% Return
(13.8% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Yahoo! (YHOO), Boeing (BA), and Altera
Corporation (ALTR) lead the list of companies with positive news,
while Caterpillar (CAT), Toyota (TM), and WellPoint (WLP) lead the
list of companies with negative news. Best Buy (BBY), Kraft Foods
(KFT), and Amazon.com (AMZN) were upgraded this morning, while U.S.
Steel (X), McKesson (MCK), and Verizon (VZ) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading remains in poor shape this morning, with only two
of the 10 foreign indexes that we track in positive territory. The
cumulative average return on the collective stands at a loss of
0.80%. In Asia, the various markets suffered another day of
declines, with concerns about Chinese bank lending restrictions
sending Hong Kong and Shanghai shares further lower. Turning to
Europe, shares dropped, down for the fifth time in six sessions, as
banks were sharply lower again.
Crude futures retreated yesterday on revived concerns about China's
efforts to curb lending, which could lead to easing oil demand.
Furthermore, commodities traders braced for an expected increase in
domestic oil inventories, with the government expected to report
weekly supply stats later today.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,435,276 call contracts traded on Tuesday, compared to 935,524
put contracts. The resultant single-session put/call ratio arrived
at 0.65, 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 $109.05 and resistance around $115.15. For the Nasdaq 100
(QQQQ), support is near $44.05 and resistance is around $46.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Dec New Home Sales
10:30 a.m. 1/22 Crude Inventories
2:15 p.m. Federal Reserve Interest Rate Decision
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ABT 1.17
AAI 0.03
ATI 0.23
ACF 0.08
AMLN -0.29
CAT 0.28
CTXS 0.52
COP 1.13
ETFC -0.04
GD 1.57
HRS 0.94
HES 0.91
ITW 0.72
LSI 0.11
MWV 0.23
MUR 0.85
NFLX 0.45
NSC 0.84
PX 1.09
QCOM 0.56
ROK 0.35
RYL -0.26
SII 0.09
SWK 0.76
BA 1.36
UTX 1.14
VLO -0.47
VAR 0.56
WLP 1.02
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