MorningUpdate - Options Trading Email

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MORNING UPDATE: PriceWatch Alerts VLO, PFE, PG, CELG, and PX

March 10 - 8:30 AM EST - Before the open... PriceWatch Alerts for 
VLO, PFE, PG, CELG, and PX, Market Overview, News Leaders and 
Laggards, and Today's Economic Calendar.

New PriceWatch Alerts for VLO, PFE, PG, CELG, and PX
 
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- 
-- Valero Energy Corp. (NYSE: VLO) 
Last Price 52.51 - APR 52.50 CALL OPTION@ $3.30 -> 6.7% Return 
(56.8% Annualized) assigned*
-- Pfizer Inc. (NYSE: PFE)
Last Price 21.35 - SEP 22.50 CALL OPTION@ $1.00 -> 10.6% Return 
(19.6% Annualized) assigned*
-- Procter & Gamble Co. (NYSE: PG) 
Last Price 65.80 - JUL 65.00 CALL OPTION@ $3.80 -> 4.8% Return 
(13.2% Annualized) assigned*
-- Celgene Corporation (Nasdaq: CELG) 
Last Price 56.76 - APR 55.00 CALL OPTION@ $4.40 -> 5.0% Return 
(42.8% Annualized) assigned*
-- Praxair Inc. (NYSE: PX) 
Last Price 79.10 - JUL 75.00 CALL OPTION@ $9.20 -> 7.3% Return 
(19.9% Annualized) assigned*
 
*Annualized returns are shown for comparison purposes only
 
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Network Appliance Inc., Bank of New York Mellon 
Corporation, and Level 3 Communications lead the list of companies 
with the most news stories while Origin Agritech Ltd. and Silver 
Standard Resources Inc. are showing a spike in news. Sybase Inc., 
MBIA Inc., and TriQuint Semiconductor have the highest srtIndex 
scores to top the list of companies with positive news while Six 
Flags Inc. and Procter & Gamble lead the list of companies with 
negative news reports. McDonalds has popped up with a high positive 
news sraIndex score.

MARKET OVERVIEW---------------------------------------------------
Overseas trading is negative this morning, as eight of nine 
reporting Asian/Pacific markets are down and six of nine reporting 
European markets are down. The Japan Nikkei is down 1.96% and the 
France CAC 40 is down 0.14%, while the Hang Seng Index is up 0.91% 
and the Vienna ATX Index is up 0.56%.

Crude futures are slightly lower right now, down 0.60 or about 0.5% 
to 104.54. Other energy interests are also lower including heading 
oil, natural gas and gasoline.

Gold is off by less than 1% as well, down 7.90 to 966.30. Silver, 
platinum and palladium are also all sliding lower, but copper is 
really tumbling, down 11.55 to 380.60 or 3.0%.

TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m.    Jan     Wholesale Inventories

EARNINGS EXPECTED TODAY (w/current estimates) --------------------
FL    0.44
XJT  -0.30
JSDA -0.03
SIX  -1.06
BX    0.19