MorningUpdate - Options Trading Email
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New PriceWatch Alerts for GE, TGT, PBR, WYNN, and More...
February 16, 8:30 AM EST - Before the open... PriceWatch Alerts for
GE, TGT, PBR, WYNN, CF, WM, WFMI, HBC, GFI, and NIHD, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for GE, TGT, PBR, WYNN, CF, WM, WFMI, HBC,
GFI, and NIHD
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- General Electric Co. (NYSE: GE)
Last Price 15.55 - SEP 15.00 CALL OPTION@ $1.75 -> 8.7% Return
(14.8% Annualized) assigned*
-- Target Corp. (NYSE: TGT)
Last Price 48.64 - JUL 48.00 CALL OPTION@ $3.55 -> 6.5% Return
(15.6% Annualized) assigned*
-- HSBC HLDGS PLC ADS (NYSE: HBC)
Last Price 51.01 - JUN 50.00 CALL OPTION@ $3.65 -> 5.6% Return
(16.5% Annualized) assigned*
-- Gold Fields Ltd. (NYSE: GFI)
Last Price 11.90 - JUL 12.00 CALL OPTION@ $1.25 -> 12.7% Return
(30.6% Annualized) assigned*
-- NII Holdings Inc. (Nasdaq: NIHD)
Last Price 36.07 - MAR 35.00 CALL OPTION@ $2.60 -> 4.6% Return
(52.1% Annualized) assigned*
-- Petroleo Brasileiro (NYSE: PBR)
Last Price 40.88 - APR 40.00 CALL OPTION@ $2.89 -> 5.3% Return
(32.2% Annualized) assigned*
-- Wynn Resorts Ltd. (Nasdaq: WYNN)
Last Price 63.04 - MAR 60.00 CALL OPTION@ $5.65 -> 4.5% Return
(51.9% Annualized) assigned*
-- CF Industries Holdings, Inc. (NYSE: CF)
Last Price 100.50 - MAR 100.00 CALL OPTION@ $5.00 -> 4.7% Return
(53.7% Annualized) assigned*
-- Waste Management, Inc. (NYSE: WM)
Last Price 31.86 - JUL 32.50 CALL OPTION@ $1.45 -> 6.9% Return
(16.6% Annualized) assigned*
-- Whole Foods Market, Inc. (Nasdaq: WFMI)
Last Price 29.75 - MAR 29.00 CALL OPTION@ $2.16 -> 5.1% Return
(58.3% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Merck & Co. (MRK), Abercrombie & Fitch (ANF),
and Barclays (BCS) lead the list of companies with positive news,
while Kraft Foods (KFT), STEC Inc. (STEC), and Cintas Corporation
(CTAS) lead the list of companies with negative news. Target (TGT),
Intel (INTC), and Chevron (CVX) were upgraded this morning, while
ConocoPhillips (COP), CIGNA Corp. (CI), and Total S.A. (TOT)
received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading looks pretty strong 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
0.26%. In Asia, stocks locked in mild gains, after Greece was
given 30 days to show its deficit plans were on track. Centers such
as Hong Kong and Shanghai remained closed for the Lunar New Year.
Turning to Europe, shares climbed in early trade, buoyed by
stronger banks after Barclays posted forecast-beating results.
Gold futures are grabbing headlines this morning, as the malleable
metal has spiked $23.40 at $1,113.40 an ounce. More prospects from
a debt bailout for Greece has provided lift for the euro, sending
the U.S. dollar lower. As a result, the U.S. Dollar Index has
slipped 0.2% to 80.17. Crude futures are also taking advantage of
the weakening greenback, with the March contract up 1.65% at $75.73
per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,092,998 call contracts traded on Friday, compared to 703,981
put contracts. The resultant single-session put/call ratio arrived
at 0.64, 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 $108.25. For the Nasdaq 100
(QQQQ), support is near $42.75 and resistance is around $43.95.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Feb Empire Manufacturing
9:00 a.m. Dec Net Long-Term TIC Flows
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
CW 0.74
PAAS 0.27
SPA 0.11
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