MorningUpdate - Options Trading Email
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New PriceWatch Alerts for AIG, EMC, MO, ADBE, and More...
February 11, 8:30 AM EST - Before the open... PriceWatch Alerts for
AIG, EMC, MO, ADBE, MT, TIF, STLD, UPS, NYT, A, COV, EOG, CSC, HCP,
and HAR, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for AIG, EMC, MO, ADBE, MT, TIF, STLD, UPS,
NYT, A, COV, EOG, CSC, HCP, and HAR
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- American International Group, Inc. (NYSE: AIG)
Last Price 26.92 - MAR 26.00 CALL OPTION@ $3.10 -> 9.2% Return
(90.3% Annualized) assigned*
-- EOG Resources, Inc. (NYSE: EOG)
Last Price 88.24 - APR 85.00 CALL OPTION@ $7.40 -> 5.1% Return
(28.9% Annualized) assigned*
-- Computer Sciences Corporation (NYSE: CSC)
Last Price 52.13 - JUN 50.00 CALL OPTION@ $4.30 -> 4.5% Return
(12.9% Annualized) assigned*
-- HCP, Inc. (NYSE: HCP)
Last Price 27.58 - JUL 30.00 CALL OPTION@ $1.20 -> 13.7% Return
(32.1% Annualized) assigned*
-- Harman International Industries Inc. (NYSE: HAR)
Last Price 42.21 - APR 40.00 CALL OPTION@ $3.90 -> 4.4% Return
(24.8% Annualized) assigned*
-- EMC Corporation (NYSE: EMC)
Last Price 16.76 - JUL 16.00 CALL OPTION@ $1.76 -> 6.7% Return
(15.6% Annualized) assigned*
-- United Parcel Service, Inc. (NYSE: UPS)
Last Price57.076 - JUL 55.00 CALL OPTION@ $4.35 -> 4.3% Return
(10.1% Annualized) assigned*
-- The New York Times Company (NYSE: NYT)
Last Price 10.62 - JUL 10.00 CALL OPTION@ $1.85 -> 14.0% Return
(32.8% Annualized) assigned*
-- Agilent Technologies Inc. (NYSE: A)
Last Price 29.25 - MAY 29.00 CALL OPTION@ $2.05 -> 6.6% Return
(24.2% Annualized) assigned*
-- Covidien plc (NYSE: COV)
Last Price 48.69 - JUL 47.50 CALL OPTION@ $3.60 -> 5.3% Return
(12.5% Annualized) assigned*
-- Altria Group Inc. (NYSE: MO)
Last Price 19.38 - SEP 20.00 CALL OPTION@ $0.65 -> 6.8% Return
(11.3% Annualized) assigned*
-- Adobe Systems Inc. (Nasdaq: ADBE)
Last Price 32.76 - APR 32.00 CALL OPTION@ $2.20 -> 4.7% Return
(26.5% Annualized) assigned*
-- Arcelor Mittal (NYSE: MT)
Last Price 36.66 - MAR 36.00 CALL OPTION@ $2.40 -> 5.1% Return
(50.1% Annualized) assigned*
-- Tiffany & Co. (NYSE: TIF)
Last Price 41.14 - MAR 41.00 CALL OPTION@ $1.80 -> 4.2% Return
(41.6% Annualized) assigned*
-- Steel Dynamics Inc. (Nasdaq: STLD)
Last Price 15.06 - MAY 15.00 CALL OPTION@ $1.50 -> 10.6% Return
(38.8% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Viacom (VIA), Marriott International (MAR),
and AutoNation (AN) lead the list of companies with positive news,
while PepsiCo (PEP), FLIR Systems (FLIR), and FirstEnergy (FE) lead
the list of companies with negative news. 3M (MMM), Palm (PALM),
and Abercrombie & Fitch (ANF) were upgraded this morning, while
Dean Foods (DF), Boston Scientific (BSX), and Silicon Labs (SLAB)
received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, as only seven of the 10
foreign indexes are in positive territory. The cumulative average
return on the collective stands at a gain of 0.66%. In Asia,
stocks climbed for the third day in a row, boosted by strong
economic data from Australia and China. Trading volume was thin
though, with Japan closed for the National Foundation Day public
holiday, and Taiwan's stock market shut from February 11-19 for the
Lunar New Year holiday. Turning to Europe, shares climbed for the
fourth consecutive session, with banks among the major gainers
ahead of a key European Union summit, which could lay the
groundwork for a rescue package of debt-stricken Greece.
Crude futures should take center stage today, as investors await
the delayed report on U.S. petroleum stockpiles from the Energy
Information Administration. Despite the delayed report, the EIA
still announced yesterday that it expects global oil demand to rise
2.1% in the current quarter from year-ago levels. Meanwhile, the
U.S. Dollar Index is retreating in overseas activity, as the
greenback is torn between expectations for a tightening monetary
policy from the Fed and a stronger euro following a rescue package
for Greece. At last check, the U.S. Dollar Index was off 0.16% at
79.91. Finally, gold has largely taken a back seat this morning,
though the April gold futures contract has crept $2.60 higher to
trade at $1,078.90 an ounce in pre-market trading.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,074,470 call contracts traded on Wednesday, compared to
692,520 put contracts. The resultant single-session put/call ratio
arrived at 0.64, while the 21-day moving average rose to 0.66.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $106.10 and resistance around $110.60. For the Nasdaq 100
(QQQQ), support is near $42.65 and resistance is around $43.30.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. 2/6 Initial Claims
8:30 a.m. 1/30 Continuing Claims
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AN 0.27
CEPH 1.58
DVA 1.06
ECL 0.56
EXPE 0.28
FLIR 0.38
LH 1.15
MAR 0.25
MFE 0.64
PEP 0.90
PM 0.79
PGN 0.50
PLD 0.20
RSG 0.33
SCG 0.63
TDC 0.37
VFC 1.47
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