MorningUpdate - Options Trading Email
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New PriceWatch Alerts for AAPL, BAC, AA, MGM, and More...
February 3, 8:30 AM EST - Before the open... PriceWatch Alerts for
AAPL, BAC, AA, MGM, AGN, SWK, JWN, NUE, MDT, HUM, MMC, CAL, NWSA,
AVP, and DFS, Market Overview, News Leaders and Laggards, Today's
Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for AAPL, BAC, AA, MGM, AGN, SWK, JWN, NUE,
MDT, HUM, MMC, CAL, NWSA, AVP, and DFS
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Apple Inc. (Nasdaq: AAPL)
Last Price 195.86 - MAR 195.00 CALL OPTION@ $9.50 -> 4.6% Return
(37.6% Annualized) assigned*
-- Continental Airlines, Inc. (NYSE: CAL)
Last Price 19.73 - MAR 19.00 CALL OPTION@ $1.94 -> 6.8% Return
(55.2% Annualized) assigned*
-- News Corp. (Nasdaq: NWSA)
Last Price 12.76 - JUL 12.50 CALL OPTION@ $1.35 -> 9.6% Return
(21.5% Annualized) assigned*
-- Avon Products Inc. (NYSE: AVP)
Last Price 32.47 - APR 32.00 CALL OPTION@ $1.80 -> 4.3% Return
(21.7% Annualized) assigned*
-- Discover Financial Services (NYSE: DFS)
Last Price 13.80 - JUL 13.00 CALL OPTION@ $1.85 -> 8.8% Return
(19.6% Annualized) assigned*
-- Bank of America Corporation (NYSE: BAC)
Last Price 15.60 - AUG 15.00 CALL OPTION@ $2.04 -> 10.6% Return
(19.5% Annualized) assigned*
-- Nucor Corporation (NYSE: NUE)
Last Price 42.92 - APR 42.00 CALL OPTION@ $2.96 -> 5.1% Return
(25.5% Annualized) assigned*
-- Medtronic, Inc. (NYSE: MDT)
Last Price 44.27 - MAY 44.00 CALL OPTION@ $2.60 -> 5.6% Return
(18.9% Annualized) assigned*
-- Humana Inc. (NYSE: HUM)
Last Price 50.30 - MAR 50.00 CALL OPTION@ $2.85 -> 5.4% Return
(43.6% Annualized) assigned*
-- Marsh & McLennan Companies, Inc. (NYSE: MMC)
Last Price 22.35 - JUL 22.50 CALL OPTION@ $1.15 -> 6.1% Return
(13.6% Annualized) assigned*
-- Alcoa, Inc. (NYSE: AA)
Last Price 13.67 - JUL 13.00 CALL OPTION@ $1.93 -> 10.7% Return
(23.9% Annualized) assigned*
-- MGM Mirage (NYSE: MGM)
Last Price 11.88 - JUN 11.00 CALL OPTION@ $2.42 -> 16.3% Return
(43.7% Annualized) assigned*
-- Allergan Inc. (NYSE: AGN)
Last Price 56.96 - JUL 55.00 CALL OPTION@ $5.20 -> 6.3% Return
(13.9% Annualized) assigned*
-- Stanley Works (NYSE: SWK)
Last Price 54.25 - JUL 52.50 CALL OPTION@ $4.50 -> 5.5% Return
(12.3% Annualized) assigned*
-- Nordstrom Inc. (NYSE: JWN)
Last Price 36.42 - APR 36.00 CALL OPTION@ $2.44 -> 5.9% Return
(29.7% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Comcast (CMCSA), Black & Decker (BDK), and
Aflac (AFL) lead the list of companies with positive news, while
Pfizer (PFE), Time Warner (TWX), and International Paper (IP) lead
the list of companies with negative news. Genzyme (GENZ), UBS AG
(UBS), and Kraft Foods (KFT) were upgraded this morning, while
VeriSign (VRSN), Kenexa (KNXA), and ARM Holdings (ARMH) received
downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is in fine 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
0.86%. In Asia, stocks climbed, led by resources stocks, as demand
for riskier assets increased after Wall Street rallied on upbeat
U.S. earnings and economic data. In Europe, shares bounced back
from their weak start, following disappointing results from
drugmaker Roche, offsetting gains in the mining sector.
The U.S. dollar came under pressure once again yesterday, as
concerns over Greek debt eased, bolstering demand for the in the
euro. In pre-market activity, the U.S. Dollar Index is off 0.18%
at 78.88 in pre-market activity, as traders await today’s
employment data from ADP. And, while commodities trading is
expected to stick to a tight range ahead of Friday's January
employment data, anticipation ahead of today's report on U.S.
petroleum supplies has the March crude futures up 52 cents at
$77.75 per barrel in electronic trading. Finally, the recent
weakness in the dollar has been a boon for gold futures, and the
April contract is poised to extend its two-session rally, gaining
$1.60 to trade at $1,119.70 an ounce in overseas trading.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,364,634 call contracts traded on Tuesday, compared to 786,658
put contracts. The resultant single-session put/call ratio arrived
at 0.58, while the 21-day moving average held at 0.60.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $107.90 and resistance around $110.60. For the Nasdaq 100
(QQQQ), support is near $42.60 and resistance is around $44.90.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
7:30 a.m. Jan Challenger Job Cuts
8:15 a.m. Jan ADP Employment Change
10:00 a.m. Jan ISM Services
10:30 a.m. 1/29 Crude Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AKAM 0.43
AMP 0.75
AOL 0.62
AIZ 1.01
AVB 0.64
BDK 0.76
BRCM 0.44
CBG 0.18
CSCO 0.35
CMCSA 0.27
EFX 0.56
EQR 0.43
IP 0.23
ITT 0.93
KIM 0.29
WFR 0.00
MWW -0.01
NOV 0.77
NVLS 0.33
PFE 0.50
RL 1.01
R 0.47
TMO 0.88
TWX 0.52
WU 0.32
YUM 0.48
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