MorningUpdate - Options Trading Email
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New PriceWatch Alerts for MSFT, X, HD, QCOM, and More...
February 18, 8:30 AM EST - Before the open... PriceWatch Alerts for
MSFT, X, HD, QCOM, DISH, TCO, FNSR, MMM, KSS, ROST, DKS, KFT, BG,
STR, and OM, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for MSFT, X, HD, QCOM, DISH, TCO, FNSR, MMM,
KSS, ROST, DKS, KFT, BG, STR, and OMX
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Microsoft Corporation (Nasdaq: MSFT)
Last Price 28.59 - JUL 28.00 CALL OPTION@ $2.13 -> 5.8% Return
(14.3% Annualized) assigned*
-- Kraft Foods Inc. (NYSE: KFT)
Last Price 28.63 - JUN 29.00 CALL OPTION@ $1.10 -> 5.3% Return
(16.1% Annualized) assigned*
-- Bunge Ltd. (NYSE: BG)
Last Price 61.24 - APR 60.00 CALL OPTION@ $4.00 -> 4.8% Return
(30.3% Annualized) assigned*
-- Questar Corp. (NYSE: STR)
Last Price 42.66 - JUL 40.00 CALL OPTION@ $4.90 -> 5.9% Return
(14.5% Annualized) assigned*
-- OfficeMax Inc. (NYSE: OMX)
Last Price 15.08 - MAY 15.00 CALL OPTION@ $1.65 -> 11.7% Return
(45.9% Annualized) assigned*
-- United States Steel Corp. (NYSE: X)
Last Price 50.85 - MAR 50.00 CALL OPTION@ $3.50 -> 5.6% Return
(68.1% Annualized) assigned*
-- 3M Co. (NYSE: MMM)
Last Price 80.14 - JUL 80.00 CALL OPTION@ $4.55 -> 5.8% Return
(14.3% Annualized) assigned*
-- Kohl's Corp. (NYSE: KSS)
Last Price 51.21 - JUL 50.00 CALL OPTION@ $4.10 -> 6.1% Return
(15.0% Annualized) assigned*
-- Ross Stores Inc. (Nasdaq: ROST)
Last Price 47.09 - AUG 45.00 CALL OPTION@ $4.80 -> 6.4% Return
(12.7% Annualized) assigned*
-- Dick's Sporting Goods Inc. (NYSE: DKS)
Last Price 24.31 - JUN 22.50 CALL OPTION@ $3.00 -> 5.6% Return
(16.8% Annualized) assigned*
-- The Home Depot, Inc. (NYSE: HD)
Last Price 30.02 - MAY 30.00 CALL OPTION@ $1.33 -> 4.6% Return
(17.9% Annualized) assigned*
-- Qualcomm Inc. (Nasdaq: QCOM)
Last Price 39.43 - JUL 39.00 CALL OPTION@ $3.05 -> 7.2% Return
(17.6% Annualized) assigned*
-- Dish Network Corp. (Nasdaq: DISH)
Last Price 19.40 - JUN 19.00 CALL OPTION@ $1.90 -> 8.6% Return
(25.9% Annualized) assigned*
-- Taubman Centers Inc. (NYSE: TCO)
Last Price 37.54 - JUN 35.00 CALL OPTION@ $4.20 -> 5.0% Return
(15.0% Annualized) assigned*
-- Finisar Corp. (Nasdaq: FNSR)
Last Price 12.13 - JUN 12.50 CALL OPTION@ $1.10 -> 13.3% Return
(40.2% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Hewlett-Packard (HPQ), Hormel Foods (HRL), and
Barrick Gold (ABX) lead the list of companies with positive news,
while Wal-Mart (WMT), Daimler (DAI), and O'Reilly Automotive (ORLY)
lead the list of companies with negative news. Deere (DE), Winn-
Dixie (WINN), and American Eagle (AEO) were upgraded this morning,
while America Movil SA (AMX), Anglogold (AU), and NetApp (NTAP)
received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, as only six of the 10
foreign indexes that we track are in positive territory. The
cumulative average return on the collective stands at a gain of
0.03%. In Asia, stock markets were range-bound despite the modest
gains logged on Wall Street overnight. Kubota, a maker of farm
equipment, rose 1.8% after Deere & Co posted results that beat
expectations and raised its outlook for the year ahead. Meanwhile,
trading has edged higher in Europe this morning, despite a pullback
in the banking sector following disappointing quarterly results
from Societe Generale.
Crude futures remain at the forefront of investors' minds this
morning, as traders prepare for the release of weekly U.S.
petroleum stockpiles. According to a Dow Jones survey, analysts,
on average, are expecting domestic stockpiles to increase by 1.8
million barrels in the week ended Feb. 12, with gasoline supplies
projected to jump by 1.5 million barrels. Heading into the open,
March crude futures are down 0.86% at $77.06 per barrel.
Meanwhile, gold futures remain weak this morning, falling $13.40 to
$1,106.70 an ounce, despite a prediction by the World Gold Council
that Western demand for the malleable metal should be "well
underpinned" in 2010.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,459,436 call contracts traded on Wednesday, compared to
892,254 put contracts. The resultant single-session put/call ratio
arrived at 0.61, while the 21-day moving average held at 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. 2/13 Initial Claims
8:30 a.m. 2/6 Continuing Claims
8:30 a.m. Jan PPI
10:00 a.m. Jan Leading Indicators
10:00 a.m. Feb Philadelphia Fed
11:00 a.m. 2/12 Crude Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AEE 0.27
APA 1.96
CBS 0.25
DELL 0.27
GT -0.09
HRL 0.68
INTU 0.32
NBL 1.03
PDCO 0.47
PEG 0.60
DTV 0.39
VTR 0.65
WMT 1.12
WMB 0.34
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