MorningUpdate - Options Trading Email
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New PriceWatch Alerts for CVX, VALE, FSLR, AMP, and More...
February 12, 8:30 AM EST - Before the open... PriceWatch Alerts for
CVX, VALE, FSLR, AMP, ANF, EGO, KSU, APOL, MAS, and ERIC, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for CVX, VALE, FSLR, AMP, ANF, EGO, KSU,
APOL, MAS, and ERIC
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Chevron Corp. (NYSE: CVX)
Last Price 71.73 - JUN 70.00 CALL OPTION@ $4.50 -> 4.1% Return
(11.8% Annualized) assigned*
-- Vale S.A. (NYSE: VALE)
Last Price 27.10 - MAR 27.00 CALL OPTION@ $1.44 -> 5.2% Return
(52.9% Annualized) assigned*
-- Apollo Group Inc. (Nasdaq: APOL)
Last Price 58.30 - MAY 55.00 CALL OPTION@ $7.40 -> 8.1% Return
(29.7% Annualized) assigned*
-- Masco Corporation (NYSE: MAS)
Last Price 13.77 - JUL 12.50 CALL OPTION@ $2.30 -> 9.0% Return
(21.1% Annualized) assigned*
-- LM Ericsson Telephone Co. (Nasdaq: ERIC)
Last Price 10.11 - JUL 10.00 CALL OPTION@ $0.80 -> 7.4% Return
(17.5% Annualized) assigned*
-- First Solar, Inc. (Nasdaq: FSLR)
Last Price 113.81 - MAR 110.00 CALL OPTION@ $10.65 -> 6.6% Return
(67.2% Annualized) assigned*
-- Ameriprise Financial Inc. (NYSE: AMP)
Last Price 38.06 - JUN 35.00 CALL OPTION@ $4.90 -> 5.5% Return
(15.9% Annualized) assigned*
-- Abercrombie & Fitch Co. (NYSE: ANF)
Last Price 33.00 - MAR 33.00 CALL OPTION@ $1.69 -> 5.4% Return
(54.7% Annualized) assigned*
-- Eldorado Gold Corp. (NYSE: EGO)
Last Price 12.75 - JUL 12.50 CALL OPTION@ $1.75 -> 13.6% Return
(32.1% Annualized) assigned*
-- Kansas City Southern (NYSE: KSU)
Last Price 31.93 - JUN 30.00 CALL OPTION@ $3.60 -> 5.9% Return
(16.9% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Research In Motion (RIMM), Agilent
Technologies (A), and Rio Tinto (RTP) lead the list of companies
with positive news, while Ingersoll-Rand (IR), Alcon, Inc. (ACL),
and Buffalo Wild Wings (BWLD) lead the list of companies with
negative news. DR Horton (DHI), AMR Corp. (AMR), and Marriott (MAR)
were upgraded this morning, while Manulife Financial (MFC), UAL
Corp. (UAUA), and Oshkosh Truck (OSK) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is in poor shape this morning, as only three of
the 10 foreign indexes that we track are in positive territory.
The cumulative average return on the collective stands at a gain of
0.06%, however. In Asia, stocks closed mostly higher, but trading
was dampened by investor wariness ahead of next week's Lunar New
Year holiday in China. Meanwhile, European shares are headed
lower, with banks leading the decline. European leaders on Thursday
sought to prop up debt-laden Greece with words of support but
offered no specific rescue plan, disappointing markets and sending
both the euro and Greek government bonds lower.
Crude futures have taken a nosedive this morning, as traders
reacted negatively to news that China hiked its bank reserve
requirements due to concerns over a potential slowdown in economic
growth. Later this morning, the Energy Information Administration
will release its delayed report on U.S. petroleum stock piles, but
this has offered little consolation to commodities traders, as the
March crude futures contract is off 1.84% at $74.33 per barrel.
Meanwhile, the U.S. Dollar Index is benefitting from renewed
concerns about Greece as well as a flight from high-risk currencies
in the wake of China's tightened monetary policy. At last check,
the U.S. Dollar Index was up 0.86% at 80.68. Finally, gold futures
are suffering under the dollar's resurgence, as the April gold
futures contract has fallen $14.10 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 1,202,598 call contracts traded on Thursday, compared to
892,147 put contracts. The resultant single-session put/call ratio
arrived at 0.74, while the 21-day moving average rose to 0.67.
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 $42.75 and resistance is around $43.95.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Jan Retail Sales
9:55 a.m. Feb Michigan Sentiment
10:00 a.m. Dec Business Inventories
11:00 a.m. 2/5 Crude Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
A 0.32
DUK 0.25
HCP 0.50
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