MorningUpdate - Options Trading Email
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New PriceWatch Alerts for GS, PFE, TRV, UNH, and More...
March 1, 8:30 AM EST - Before the open... PriceWatch Alerts for GS,
PFE, TRV, UNH, GG, DAL, RMBS, WAG, TAM, and KCI, Market Overview,
News Leaders and Laggards, Today's Economic Calendar, and Index
Support & Resistance Levels.
New PriceWatch Alerts for GS, PFE, TRV, UNH, GG, DAL, RMBS, WAG,
TAM, and KCI
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Goldman Sachs Group Inc. (NYSE: GS)
Last Price 156.35 - APR 155.00 CALL OPTION@ $7.35 -> 4.0% Return
(30.0% Annualized) assigned*
-- UnitedHealth Group, Inc. (NYSE: UNH)
Last Price 33.86 - JUN 33.00 CALL OPTION@ $2.86 -> 6.5% Return
(21.0% Annualized) assigned*
-- Walgreen Co. (NYSE: WAG)
Last Price 35.24 - JUL 35.00 CALL OPTION@ $2.10 -> 5.6% Return
(14.6% Annualized) assigned*
-- TAM S.A. (NYSE: TAM)
Last Price 18.41 - MAY 17.50 CALL OPTION@ $2.05 -> 7.0% Return
(30.3% Annualized) assigned*
-- Kinetic Concepts Inc. (NYSE: KCI)
Last Price 41.92 - JUN 40.00 CALL OPTION@ $3.70 -> 4.7% Return
(15.2% Annualized) assigned*
-- Pfizer Inc. (NYSE: PFE)
Last Price 17.55 - SEP 17.00 CALL OPTION@ $1.45 -> 5.6% Return
(10.1% Annualized) assigned*
-- Travelers Companies, Inc. (NYSE: TRV)
Last Price 52.59 - JUL 55.00 CALL OPTION@ $1.50 -> 7.7% Return
(20.0% Annualized) assigned*
-- Goldcorp Inc. (NYSE: GG)
Last Price 37.78 - MAR 37.00 CALL OPTION@ $2.48 -> 4.8% Return
(83.7% Annualized) assigned*
-- Delta Air Lines Inc. (NYSE: DAL)
Last Price 12.92 - JUN 12.00 CALL OPTION@ $2.05 -> 10.4% Return
(33.9% Annualized) assigned*
-- Rambus Inc. (Nasdaq: RMBS)
Last Price 21.95 - APR 21.00 CALL OPTION@ $1.95 -> 5.0% Return
(37.2% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Edison International (EIX), DISH Network
(DISH), and Millipore (MIL) lead the list of companies with
positive news, while Shanda Games (GAME), Abercrombie & Fitch
(ANF), and American Water Works (AWK) lead the list of companies
with negative news. Whole Foods (WFMI), Norfolk Southern (NSC), and
Rowan Cos. (RDC) were upgraded this morning, while TASER (TASR),
Sirius XM Radio (SIRI), and GSI Commerce (GSIC) received
downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is off to a strong start to the week, as eight of
the 10 foreign indexes that we track are in positive territory.
The cumulative average return on the collective stands at a gain of
0.71%. In Asia, regional indexes ended higher, with mining shares
leading the way due to expectations that copper prices will tick
higher following a massive earthquake in Chile, the world's biggest
copper producer. Elsewhere, Toyota Motor slipped 1.1% after news
that a U.S. congressional panel has found evidence the company
routinely withheld records it should have turned over in court.
Turning to Europe, stocks rose, with miners rising after copper
supplies were disrupted by an earthquake in Chile, and amid mergers
in the drugs and insurance sectors.
Focus has fallen on the U.S. dollar once again this morning. The
greenback is headed higher versus most of its major foreign
competitors, with the U.S. Dollar index up 0.8% at 81.01 in early
activity this morning. Crude futures have shrugged off the higher
dollar, however, rising 36 cents to $80.02 per barrel in electronic
trading. Meanwhile, gold has not been so lucky. At last check,
gold futures were down $3.20 at $1021.07 in London.
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PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 990,839 call contracts traded on Friday, compared to 674,465
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 $109.50 and resistance around $111.20. For the Nasdaq 100
(QQQQ), support is near $43.80 and resistance is around $45.05.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Jan Personal Income & Spending
8:30 a.m. Jan Core PCI Prices
10:00 a.m. Jan Construction Spending
10:00 a.m. Feb ISM Index
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
EIX 0.41
EP 0.28
MBI -1.11
PSA 1.24
RDC 0.50
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