MorningUpdate - Options Trading Email
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New PriceWatch Alerts for MA, PM, GRMN, VZ, and More...
February 19, 8:30 AM EST - Before the open... PriceWatch Alerts for
MA, PM, GRMN, VZ, SU, RMD, FFIV, FST, CTXS, and SANM, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for MA, PM, GRMN, VZ, SU, RMD, FFIV, FST,
CTXS, and SANM
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- MasterCard Incorporated (NYSE: MA)
Last Price 222.00 - APR 220.00 CALL OPTION@ $10.90 -> 4.2% Return
(27.0% Annualized) assigned*
-- Philip Morris International, Inc. (NYSE: PM)
Last Price 50.28 - SEP 50.00 CALL OPTION@ $3.00 -> 5.8% Return
(10.0% Annualized) assigned*
-- Forest Oil Corp. (NYSE: FST)
Last Price 26.69 - MAR 26.00 CALL OPTION@ $1.95 -> 5.1% Return
(64.1% Annualized) assigned*
-- Citrix Systems, Inc. (Nasdaq: CTXS)
Last Price 45.16 - JUN 45.00 CALL OPTION@ $3.30 -> 7.5% Return
(22.8% Annualized) assigned*
-- Sanmina-SCI Corp. (Nasdaq: SANM)
Last Price 16.48 - JUL 15.00 CALL OPTION@ $3.00 -> 11.3% Return
(11.3% Annualized) assigned*
-- Garmin Ltd. (Nasdaq: GRMN)
Last Price 33.79 - MAR 33.00 CALL OPTION@ $2.20 -> 4.5% Return
(56.2% Annualized) assigned*
-- Verizon Communications Inc. (NYSE: VZ)
Last Price 29.15 - JUL 29.00 CALL OPTION@ $1.28 -> 4.1% Return
(10.0% Annualized) assigned*
-- Suncor Energy Inc. (NYSE: SU)
Last Price 30.42 - JUN 30.00 CALL OPTION@ $2.77 -> 8.5% Return
(25.9% Annualized) assigned*
-- ResMed Inc. (NYSE: RMD)
Last Price 57.43 - JUL 55.00 CALL OPTION@ $5.30 -> 5.5% Return
(13.6% Annualized) assigned*
-- F5 Networks, Inc. (Nasdaq: FFIV)
Last Price 54.68 - JUL 50.00 CALL OPTION@ $7.80 -> 6.7% Return
(16.4% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, J.C. Penney (JCP), Intuit (INTU), and Fuel
Systems Solutions (FSYS) lead the list of companies with positive
news, while First Solar (FSLR), Dell (DELL), and Apollo Group
(APOL) lead the list of companies with negative news. Public
Storage (PSA), Adobe Systems (ADBE), and Liz Claiborne (LIZ) were
upgraded this morning, while Accenture (ACN), Pioneer Natural
Resources (PXD), and Barnes Group (B) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is in rather poor shape this morning, as none of
the 10 foreign indexes that we track are in positive territory.
The cumulative average return on the collective stands at a loss of
0.88%. In Asia, stocks retreated, with banks leading the way
following the Fed's move to lift its discount rate. Turning to
Europe, stocks snap a four-day winning streak, with banks among the
worst performers.
The U.S. dollar received a boost this morning, as the Federal
Reserve lifted its discount rate to 0.75% in a move to get banks to
borrow from the private sector. The U.S. Dollar Index has spiked
nearly 1% to 81.16 in pre-market activity, a move that has put
considerable pressure on commodities. Specifically, crude futures
had pulled back more than 1% to 78.39 per barrel, while gold
futures have dropped $9.30 to $1,109.40 in London trading.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,502,631 call contracts traded on Thursday, compared to
1,017,097 put contracts. The resultant single-session put/call
ratio arrived at 0.68, 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 $115.10. 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 CPI
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
JCP 0.82
PCG 0.74
PNW -0.11
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