MorningUpdate - Options Trading Email
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New PriceWatch Alerts for IBM, NOK, AXP, PALM, and More...
February 10, 8:30 AM EST - Before the open... PriceWatch Alerts for
IBM, NOK, AXP, PALM, AMR, AET, AN, HIG, UTX, CMG, FLIR, STT, MOT,
EXPE, and MFE, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for IBM, NOK, AXP, PALM, AMR, AET, AN, HIG,
UTX, CMG, FLIR, STT, MOT, EXPE, and MFE
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- International Business Machines Corp. (NYSE: IBM)
Last Price 123.21 - JUL 125.00 CALL OPTION@ $6.50 -> 7.1% Return
(16.5% Annualized) assigned*
-- State Street Corp. (NYSE: STT)
Last Price 44.22 - MAR 44.00 CALL OPTION@ $2.30 -> 5.0% Return
(47.7% Annualized) assigned*
-- Motorola Inc. (NYSE: MOT)
Last Price 6.54 - JUL 7.00 CALL OPTION@ $0.58 -> 17.4% Return
(40.6% Annualized) assigned*
-- Expedia Inc. (Nasdaq: EXPE)
Last Price 21.88 - APR 22.50 CALL OPTION@ $1.25 -> 9.1% Return
(50.1% Annualized) assigned*
-- McAfee, Inc. (NYSE: MFE)
Last Price 37.44 - JUN 35.00 CALL OPTION@ $4.10 -> 5.0% Return
(14.1% Annualized) assigned*
-- Nokia Corp. (NYSE: NOK)
Last Price 13.35 - JUL 13.00 CALL OPTION@ $1.16 -> 6.6% Return
(15.4% Annualized) assigned*
-- Hartford Financial Services Group Inc. (NYSE: HIG)
Last Price 22.34 - JUN 22.00 CALL OPTION@ $2.82 -> 12.7% Return
(35.9% Annualized) assigned*
-- United Technologies Corp. (NYSE: UTX)
Last Price 66.52 - MAY 65.00 CALL OPTION@ $4.30 -> 4.5% Return
(16.1% Annualized) assigned*
-- Chipotle Mexican Grill, Inc. (NYSE: CMG)
Last Price 100.64 - MAR 100.00 CALL OPTION@ $5.30 -> 4.9% Return
(46.9% Annualized) assigned*
-- FLIR Systems, Inc. (Nasdaq: FLIR)
Last Price 29.78 - APR 30.00 CALL OPTION@ $1.55 -> 6.3% Return
(34.7% Annualized) assigned*
-- American Express Company (NYSE: AXP)
Last Price 37.54 - APR 37.00 CALL OPTION@ $2.57 -> 5.8% Return
(32.1% Annualized) assigned*
-- Palm, Inc. (Nasdaq: PALM)
Last Price 9.45 - MAY 9.00 CALL OPTION@ $1.83 -> 18.1% Return
(65.4% Annualized) assigned*
-- AMR Corporation (NYSE: AMR)
Last Price 8.33 - AUG 8.00 CALL OPTION@ $1.68 -> 20.3% Return
(38.6% Annualized) assigned*
-- Aetna Inc. (NYSE: AET)
Last Price 28.97 - APR 28.00 CALL OPTION@ $2.46 -> 5.6% Return
(31.1% Annualized) assigned*
-- AutoNation Inc. (NYSE: AN)
Last Price 17.96 - JUL 17.50 CALL OPTION@ $1.70 -> 7.6% Return
(17.7% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
Every trading day our Special Daily Select 10 Hedged Strategies
service points out 10 covered call trades and 10 hedged trades
normally requiring much less capital. The goal is for each trade to
generate at least a 5% return over 60 to 180 days. Using our
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Today our Select 10 picks include strategies, tactics and trade
ideas for Disney (DIS), Pfizer (PFE), and Adobbe (ADBE) with up to
71% targeted annualized return and 8.5% downside protection. See
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Baidu.com (BIDU), The New York Times (NYT),
and Coca-Cola Enterprises (CCE) lead the list of companies with
positive news, while Sprint Nextel (S), Micron Technology (MU), and
ArcelorMittal (MT) lead the list of companies with negative news.
Adobe Systems (ADBE), Entergy (ETR), and Agrium (AGU) were upgraded
this morning, while Massey Energy (MEE), Energy Conversion Devices
(ENER), and Crucell N.V. (CRXL) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is looking stronger this morning, as seven of the
10 foreign indexes that we track are in positive territory. The
cumulative average return on the collective stands at a gain of
0.76%. In Asia , regional indexes finished mostly higher, helped
by a rebound on Wall Street on optimism that help was on the way
for Greece to deal with its heavy debt burden. Nissan Motor
advanced 1.6% after Japan's third-largest automaker said it
returned to quarterly profit and lifted its forecast for the second
time, though warning of a still shaky outlook for the global car
market. Turning to Europe, stocks are higher, led by financial
stocks, with sentiment improving on signs the European Union may
rescue heavily indebted Greece.
News that Germany is putting together an aid package for Greece
lifted the euro versus the U.S. dollar yesterday, adding to the
greenback’s weakness on the session. The dollar remains weak
heading into the open this morning, with the U.S. Dollar Index off
0.12% at 79.77. The weakening greenback has commodities
tentatively higher ahead of the open. The March crude has gained
21 cents to trade at $73.96 per barrel, while the April gold
futures contract has crept $3.40 higher to trade at $1,080.60 an
ounce in pre-market trading.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,183,136 call contracts traded on Tuesday, compared to 836,107
put contracts. The resultant single-session put/call ratio arrived
at 0.71, while the 21-day moving average rose to 0.65.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $106.25 and resistance around $110.60. For the Nasdaq 100
(QQQQ), support is near $42.60 and resistance is around $43.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Dec Trade Balance
10:30 a.m. 2/5 Crude Inventories
2:00 p.m. Jan Treasury Budget
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BSX 0.13
CCE 0.21
CSC 1.23
DF 0.37
XRAY 0.49
ICE 1.14
MMC 0.37
MAS -0.03
OMC 0.72
PRU 1.11
SNI 0.51
SIAL 0.72
S -0.19
ALL 1.01
NYT 0.38
TMK 1.44
WYN 0.37
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