MorningUpdate - Options Trading Email
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New PriceWatch Alerts for XOM, JPM, HAL, PG, and More...
February 17, 8:30 AM EST - Before the open... PriceWatch Alerts for
XOM, JPM, HAL, PG, SLW, SPWRA, OC, WLP, IOC, NETL, IPI, GILD, EQR,
DLTR, and IVZ, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for XOM, JPM, HAL, PG, SLW, SPWRA, OC, WLP,
IOC, NETL, IPI, GILD, EQR, DLTR, and IVZ
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- ExxonMobil Corp. (NYSE: XOM)
Last Price 66.28 - JUL 65.00 CALL OPTION@ $4.30 -> 4.9% Return
(11.9% Annualized) assigned*
-- Gilead Sciences Inc. (Nasdaq: GILD)
Last Price 46.87 - MAY 46.00 CALL OPTION@ $3.00 -> 4.9% Return
(18.9% Annualized) assigned*
-- Equity Residential (NYSE: EQR)
Last Price 34.39 - JUL 35.00 CALL OPTION@ $2.30 -> 9.1% Return
(22.1% Annualized) assigned*
-- Dollar Tree, Inc. (Nasdaq: DLTR)
Last Price 49.32 - MAY 49.00 CALL OPTION@ $2.90 -> 5.6% Return
(21.6% Annualized) assigned*
-- Invesco Ltd. (NYSE: IVZ)
Last Price 19.14 - JUL 17.50 CALL OPTION@ $2.70 -> 6.4% Return
(15.7% Annualized) assigned*
-- JPMorgan Chase & Co. (NYSE: JPM)
Last Price 40.07 - MAR 40.00 CALL OPTION@ $1.64 -> 4.1% Return
(48.1% Annualized) assigned*
-- WellPoint Inc. (NYSE: WLP)
Last Price 58.46 - JUN 55.00 CALL OPTION@ $6.50 -> 5.9% Return
(17.5% Annualized) assigned*
-- Interoil Corp. (NYSE: IOC)
Last Price 68.91 - MAR 65.00 CALL OPTION@ $8.10 -> 6.9% Return
(81.1% Annualized) assigned*
-- NetLogic Microsystems Inc. (Nasdaq: NETL)
Last Price 54.12 - JUL 50.00 CALL OPTION@ $7.90 -> 8.2% Return
(19.9% Annualized) assigned*
-- Intrepid Potash, Inc. (NYSE: IPI)
Last Price 28.40 - MAR 28.00 CALL OPTION@ $1.85 -> 5.5% Return
(64.3% Annualized) assigned*
-- Halliburton Company (NYSE: HAL)
Last Price 31.05 - MAR 31.00 CALL OPTION@ $1.28 -> 4.1% Return
(48.6% Annualized) assigned*
-- Procter & Gamble Co. (NYSE: PG)
Last Price 62.83 - JUL 62.50 CALL OPTION@ $2.91 -> 4.3% Return
(10.5% Annualized) assigned*
-- Silver Wheaton Corp. (NYSE: SLW)
Last Price 15.75 - JUN 15.00 CALL OPTION@ $2.32 -> 11.7% Return
(35.0% Annualized) assigned*
-- SunPower Corporation (Nasdaq: SPWRA)
Last Price 20.27 - MAR 20.00 CALL OPTION@ $1.65 -> 7.4% Return
(87.3% Annualized) assigned*
-- Owens Corning (NYSE: OC)
Last Price 26.39 - MAY 25.00 CALL OPTION@ $2.85 -> 6.2% Return
(24.1% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Deere & Co. (DE), Whole Foods (WFMI), and
Devon Energy (DVN) lead the list of companies with positive news,
while Campbell Soup (CPB), Walgreen (WAG), and Valmont Industries
(VMI) lead the list of companies with negative news. Qwest
Communications (Q), Mattel (MAT), and Home Depot (HD) were upgraded
this morning, while Pan American Silver (PAAS), Terra Industries
(TRA), and Scripps Networks Interactive (SNI) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is in good shape this morning, as nine of the 10
foreign indexes that we track are in positive territory. The
cumulative average return on the collective stands at a gain of
1.14%. In Asia, regional indexes climbed, as resource shares led
the way due to rising commodities and a weaker U.S. dollar.
Turning to Europe, the various indexes advanced to a two-week high
as forecast-beating results from BNP Paribas helped banks and
stronger commodity prices supported mining and energy shares.
Attention has shifted toward crude futures in the commodities pits
this morning, as the March contract has risen 0.43% to $77.75 per
barrel due to a warming view on the global economy. Meanwhile,
gold futures have pulled back this morning, slipping 80 cents to
$1,119 an ounce due to a slight rebound in the U.S. dollar.
Speaking of which, the U.S. Dollar Index has added 0.20% to hover
just below the 80 mark in pre-market activity.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,372,924 call contracts traded on Tuesday, compared to 856,564
put contracts. The resultant single-session put/call ratio arrived
at 0.62, while the 21-day moving average rose to 0.68.
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 $44.90.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Jan Housing Starts & Building Permits
8:30 a.m. Jan Import & Export Prices
9:15 a.m. Jan Industrial Production
9:15 a.m. Jan Capacity Utilization
2:00 p.m. 1/28 Fed Minutes
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ADI 0.38
AMAT 0.13
CAR -0.28
CHK 0.69
DE 0.19
DVN 1.25
GENZ 0.29
HPQ 1.06
HST 0.19
LVS 0.03
MSO 0.30
NTAP 0.38
NVDA 0.19
ORLY 0.51
STR 0.70
XTO 0.85
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