MorningUpdate - Options Trading Email
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New PriceWatch Alerts for GS, RIMM, WFC, MCD, and More...
February 2, 8:30 AM EST - Before the open... PriceWatch Alerts for
GS, RIMM, WFC, MCD, CNX, ESRX, BKC, GLW, GNW, STO, CVC, NEM, XTO,
VMED, and CAKE, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for GS, RIMM, WFC, MCD, CNX, ESRX, BKC, GLW,
GNW, STO, CVC, NEM, XTO, VMED, and CAKE
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Goldman Sachs Group Inc. (NYSE: GS)
Last Price 153.13 - MAR 150.00 CALL OPTION@ $8.90 -> 4.0% Return
(31.7% Annualized) assigned*
-- Newmont Mining Corp. (NYSE: NEM)
Last Price 45.54 - MAR 45.00 CALL OPTION@ $2.82 -> 5.3% Return
(42.3% Annualized) assigned*
-- XTO Energy Inc. (NYSE: XTO)
Last Price 45.98 - MAY 45.00 CALL OPTION@ $2.91 -> 4.5% Return
(15.0% Annualized) assigned*
-- Virgin Media, Inc. (Nasdaq: VMED)
Last Price 15.04 - MAR 15.00 CALL OPTION@ $1.05 -> 7.2% Return
(57.3% Annualized) assigned*
-- The Cheesecake Factory Incorporated (Nasdaq: CAKE)
Last Price 22.05 - APR 22.50 CALL OPTION@ $1.20 -> 7.9% Return
(39.0% Annualized) assigned*
-- Research In Motion Ltd. (Nasdaq: RIMM)
Last Price 64.06 - JUN 60.00 CALL OPTION@ $8.70 -> 8.4% Return
(22.3% Annualized) assigned*
-- Corning Inc. (NYSE: GLW)
Last Price 18.16 - MAY 18.00 CALL OPTION@ $1.42 -> 7.5% Return
(25.2% Annualized) assigned*
-- Genworth Financial Inc. (NYSE: GNW)
Last Price 22.91 - JUN 14.00 CALL OPTION@ $1.89 -> 12.4% Return
(33.2% Annualized) assigned*
-- Statoil ASA (NYSE: STO)
Last Price 22.91 - JUL 22.50 CALL OPTION@ $1.60 -> 5.6% Return
(12.4% Annualized) assigned*
-- Cablevision Systems Corporation (NYSE: CVC)
Last Price 26.38 - JUN 25.00 CALL OPTION@ $2.60 -> 5.1% Return
(13.7% Annualized) assigned*
-- Wells Fargo & Company (NYSE: WFC)
Last Price 28.93 - APR 28.00 CALL OPTION@ $2.31 -> 5.2% Return
(25.6% Annualized) assigned*
-- McDonald's Corp. (NYSE: MCD)
Last Price 63.89 - JUN 65.00 CALL OPTION@ $1.93 -> 5.9% Return
(46.8% Annualized) assigned*
-- CONSOL Energy Inc. (NYSE: CNX)
Last Price 49.97 - MAR 49.00 CALL OPTION@ $3.70 -> 5.9% Return
(46.8% Annualized) assigned*
-- Express Scripts Inc. (Nasdaq: ESRX)
Last Price 85.56 - MAR 85.00 CALL OPTION@ $4.20 -> 4.5% Return
(35.5% Annualized) assigned*
-- Burger King Holdings Inc. (NYSE: BKC)
Last Price 18.16 - JUL 17.50 CALL OPTION@ $1.65 -> 6.0% Return
(13.3% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, United Parcel Service (UPS), Emerson Electric
(EMR), and Plum Creek Timber (PCL) lead the list of companies with
positive news, while Dow Chemical (DOW), Anadarko Petroleum (APC),
and American Superconductor (AMSC) lead the list of companies with
negative news. Alcoa (AA), Freeport-McMoRan (FCX), and Southern
Copper (PCU) were upgraded this morning, while Duke Realty (DRE),
ValueClick (VCLK), and Brandywine Realty (BDN) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading looks much improved 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
0.27%. Trading closed mixed in Asia, with Japan and Australia
chalking up healthy gains after better-than-expected U.S.
manufacturing data sparked a rally on Wall Street. Turning to
Europe, shares edged higher, extending a winning run to three days,
with miners up after Australia left interest rates unchanged.
Crude futures climbed in concert with stocks yesterday, as traders
digested the day's solid ISM manufacturing data. Supply concerns
also played a role in black gold's gains, with Royal Dutch Shell
forced to shut down some production in Nigeria following the
sabotage of its Trans-Ramos Pipeline. Energy traders were also
pleased to see the U.S. dollar backpedaling versus the euro, making
dollar-denominated crude futures a more attractive buy. Crude oil
for March delivery gained $1.54, or 2.1%, to wrap up the day at
$74.43 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,191,749 call contracts traded on Monday, compared to 718,806
put contracts. The resultant single-session put/call ratio arrived
at 0.60, while the 21-day moving average slipped to 0.60.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $107.90 and resistance around $110.25. For the Nasdaq 100
(QQQQ), support is near $42.85 and resistance is around $44.90.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Dec Pending Home Sales
2:00 p.m. Jan Auto & Truck Sales
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AFL 1.15
ADM 0.72
ADP 0.57
CHRW 0.56
CMI 0.76
DHI -0.14
EMR 0.42
ETR 1.55
FISV 0.94
JDSU 0.09
LXK 0.63
MRO 0.51
MEE 0.27
MET 0.95
MIL 0.94
PBG 0.43
PXD 0.67
TSO -0.92
DOW 0.11
HSY 0.60
UPS 0.73
VRSN 0.34
WHR 1.32
WEC 0.89
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