MorningUpdate - Options Trading Email
Dear [FIRST_NAME]:
You received this alert as part of your subscription to one of the
PowerOptions products.
It's one of the PriorityONE benefits included with our service.
As always, if you have any questions feel free to email us at
support@poweropt.com or call 877-992-7971.
------------------------------------------------------------------
New PriceWatch Alerts for BRK.B, UNP, BIDU, BHP, and More...
February 22, 8:30 AM EST - Before the open... PriceWatch Alerts for
BRK.B, UNP, BIDU, BHP, BK, ESV, ATI, JNPR, M, and AGO, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for BRK.B, UNP, BIDU, BHP, BK, ESV, ATI,
JNPR, M, and AGO
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Berkshire Hathaway Inc. CL 'B (NYSE: BRK.B)
Last Price 78.74 - JUN 78.00 CALL OPTION@ $4.50 -> 5.1% Return
(15.8% Annualized) assigned*
-- Union Pacific Corp. (NYSE: UNP)
Last Price 66.57 - MAY 65.00 CALL OPTION@ $4.10 -> 7.0% Return
(16.6% Annualized) assigned*
-- Juniper Networks, Inc. (NYSE: JNPR)
Last Price 27.44 - APR 27.00 CALL OPTION@ $1.54 -> 4.2% Return
(28.7% Annualized) assigned*
-- Macy's, Inc. (NYSE: M)
Last Price 18.54 - MAY 18.00 CALL OPTION@ $1.65 -> 6.6% Return
(27.0% Annualized) assigned*
-- Assured Guaranty Ltd. (NYSE: AGO)
Last Price 20.42 - MAR 20.00 CALL OPTION@ $1.80 -> 7.4% Return
(104.0% Annualized) assigned*
-- Baidu, Inc. (Nasdaq: BIDU)
Last Price 500.15 - JUN 500.00 CALL OPTION@ $45.10 -> 9.9% Return
(30.8% Annualized) assigned*
-- BHP Billiton Ltd. (NYSE: BHP)
Last Price 74.94 - MAY 75.00 CALL OPTION@ $4.60 -> 6.6% Return
(27.2% Annualized) assigned*
-- Bank of New York Mellon Corporation (NYSE: BK)
Last Price 28.66 - JUN 28.00 CALL OPTION@ $2.32 -> 6.3% Return
(19.7% Annualized) assigned*
-- Ensco International plc (NYSE: ESV)
Last Price 43.04 - JUN 40.00 CALL OPTION@ $5.30 -> 6.0% Return
(18.7% Annualized) assigned*
-- Allegheny Technologies Inc. (NYSE: ATI)
Last Price 46.09 - MAR 46.00 CALL OPTION@ $2.10 -> 4.6% Return
(64.1% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
What exactly is a Covered Call? What are the risks, benefits, and
requirements? If you are asking yourself these questions, the
answers you seek lie in :Covered Calls: Aggressive Strategy for the
Conservative Investor: (http://www.poweropt.com/107/). This
educational kit, written by the founders of PowerOptions, will
teach you the ins and outs of the Covered Call Strategy. PLUS, it
comes with two free months of PowerOptions AND a 30 day risk free
guarantee!
Can you back test these strategies? Yes, you can! PowerOptions
offers a full back testing screener, SmartHistoryXL, to its
subscribers. Back test over 20 different options strategies using
your personal search criteria. Check out PowerOptions
SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-
instructions.asp) and start back testing today!
NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Campbell Soup (CPB), Lowe's Companies (LOW),
and Constellation Energy Group (CEG) lead the list of companies
with positive news, while Home Properties (HME), LDK Solar (LDK),
and Gilead Sciences (GILD) lead the list of companies with negative
news. PNC Bank (PNC), Viacom (VIA.B), J. Crew (JCG) were upgraded
this morning, while H&R Block (HRB), Suntech Power (STP), and
NetLogic (NETL) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, as 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 0.60%. In
Asia, stocks jumped to their highest levels in nearly a month as
risk appetite improved on talk of a quick bailout for Greece and as
investors looked past the Federal Reserve's discount rate hike to
signs of strength in the U.S. economy. However, China's key stock
index traded flat after a week-long break, as investors digested
Chinese and U.S. policy moves and activity on global markets.
Meanwhile, trading is mixed in Europe, as commodity stocks tracking
crude and metal prices higher offset weaker drug maker.
An improving outlook for the global economy is sapping some of the
U.S. dollar's strength this morning, with investors moving capital
back into riskier investments. As a result, the U.S. dollar index
is down 0.16% at 80.52. Crude futures are higher in electronic
trading as a result, gaining 13 cents to arrive at $80.19 per
barrel. Gold futures, however, are hovering just above breakeven,
with the April contract up 40 cents at $1,122.50 an ounce in London
trading.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,630,720 call contracts traded on Friday, compared to
1,067,482 put contracts. The resultant single-session put/call
ratio arrived at 0.65, 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 ----------------------------------------
No significant events scheduled for today.
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
COG 0.45
CPB 0.73
CEG 0.24
DTE 0.72
LOW 0.12
JWN 0.79
PWR 0.17
RSH 0.59
|
