MorningUpdate - Options Trading Email
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MORNING UPDATE: PriceWatch Alerts for GE, AMGN, TXN, PCP, and HANS
March 14 - 8:30 AM EST - Before the open... PriceWatch Alerts for
GE, AMGN, TXN, PCP, and HANS, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for GE, AMGN, TXN, PCP, and HANS
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- General Electric Co. (NYSE: GE)
Last Price 34.25 - JUN 34.00 CALL OPTION@ $2.17 -> 6.0% Return
(21.8% Annualized) assigned*
-- Amgen Inc. (Nasdaq: AMGN)
Last Price 47.18 - JUL 45.00 CALL OPTION@ $4.75 -> 6.1% Return
(17.3% Annualized) assigned*
-- Texas Instruments Inc. (NYSE: TXN)
Last Price 29.02 - JUL 27.50 CALL OPTION@ $3.15 -> 6.3% Return
(18.0% Annualized) assigned*
-- Precision Castparts Corp. (NYSE: PCP)
Last Price 99.51 - APR 100.00 CALL OPTION@ $5.40 -> 6.3% Return
(61.7% Annualized) assigned*
-- Hansen Natural Corp. (Nasdaq: HANS)
Last Price 39.99 - APR 40.00 CALL OPTION@ $2.95 -> 8.0% Return
(78.8% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Liz Claiborne, US Airways, and Microsoft lead the
list of companies with the most news stories while Security Capital
Assurance Ltd. and Agrium Inc. are showing a spike in news. Nucor
Corp., Office Max, and Steel Dynamics have the highest srtIndex
scores to top the list of companies with positive news while
AnnTaylor Stores and McKesson Corp. lead the list of companies with
negative news reports. Eli Lilly & Co. has popped up with a high
positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is looking much better than yesterday, with 7 of
the 11 foreign indices that we track in positive territory. The
cumulative average return on the collective stands at a gain of
0.2%. In Asia, most indices continued yesterdays trek into the red,
though the damage wasn't nearly as severe. India's Bombay Sensex
Index was the region's rebel, rising more than 400 points. In other
news, Japan's government is reportedly contemplating changing the
law to allow the current central bank governor, Toshihiko Fukui, to
remain on the job after his 5-year term expires on Wednesday.
Across the pond in Europe, most stocks were looking to end the week
on a positive note. Mining and metal-related stocks got a boost
from Lehman Brothers, after the brokerage upgraded earnings
estimates throughout the sector. Also benefiting from brokerage
notes is Dutch chemical firm Azko Nobel, lifted after Merrill Lynch
added the equity to its most-preferred list.
Gold futures created quite a stir yesterday when the April contract
briefly broke above the 1,000 mark to hit a fresh all-time high of
$1,001.50 an ounce. The malleable metal moderated by the close, but
still held onto a gain of $13.30 an ounce to finish at $993.80.
Weakness in the U.S. dollar was the main culprit for gold's
advance, as the euro hit a record at roughly $1.56 on the day.
Meanwhile, the old greenback slipped below 100 Japanese yen for the
first time in 12 years, prompting some analysts to lift concerns
regarding the stability of currency markets.
The April contract added 41 cents to finish at a record $110.33 per
barrel yesterday, while the soon to be front-month May contract
added 60 cents to close at $109.17. Speculation on crude prices as
a hedge against a falling dollar remains the theme of the session,
with new reports of a U.S. economic slowdown reining the days gains
in. Meanwhile, according to AAA and the Oil Price Information
Service, prices at the pump are expected to average about $3.50 to
$4 a gallon this summer. Diesel fuel, used in a vast majority of
transportation venues also hit a new record. Diesel prices rose
another 3.3 cents to a record average of $3.909 per gallon.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,045,054 put contracts
traded on Thursday, compared to 1,270,348 call contracts. The
resultant single-session put/call ratio dipped to 0.82, while the
21-day moving average held at 0.82.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Feb CPI
10:00 a.m. Mar Michigan Sentiment
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ANN 0.20
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