MorningUpdate - Options Trading Email
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New PriceWatch Alerts for INTC, AMZN, COP, SNDK, and More...
March 2, 8:30 AM EST - Before the open... PriceWatch Alerts for
INTC, AMZN, COP, SNDK, CELG, PLL, KWK, NVDA, CAH, GR, EQIX, DIS,
EXC, ECA, and CHU, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for INTC, AMZN, COP, SNDK, CELG, PLL, KWK,
NVDA, CAH, GR, EQIX, DIS, EXC, ECA, and CHU
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Intel Corporation (Nasdaq: INTC)
Last Price 20.87 - JUL 21.00 CALL OPTION@ $1.19 -> 6.7% Return
(17.9% Annualized) assigned*
-- Walt Disney Co. (NYSE: DIS)
Last Price 31.54 - JUL 31.00 CALL OPTION@ $2.08 -> 5.2% Return
(13.9% Annualized) assigned*
-- Exelon Corp. (NYSE: EXC)
Last Price 44.46 - JUL 45.00 CALL OPTION@ $1.75 -> 5.4% Return
(14.3% Annualized) assigned*
-- EnCana Corp. (NYSE: ECA)
Last Price 33.89 - JUL 33.00 CALL OPTION@ $2.85 -> 6.3% Return
(16.8% Annualized) assigned*
-- China Unicom Hong Kong Limited. (NYSE: CHU)
Last Price 12.60 - OCT 12.50 CALL OPTION@ $1.30 -> 10.6% Return
(17.0% Annualized) assigned*
-- Amazon.com Inc. (Nasdaq: AMZN)
Last Price 124.54 - JUL 120.00 CALL OPTION@ $13.30 -> 7.9% Return
(21.0% Annualized) assigned*
-- NVIDIA Corporation (Nasdaq: NVDA)
Last Price 16.85 - JUN 16.00 CALL OPTION@ $1.94 -> 7.3% Return
(24.5% Annualized) assigned*
-- Cardinal Health, Inc. (NYSE: CAH)
Last Price 35.07 - JUN 35.00 CALL OPTION@ $1.55 -> 4.4% Return
(14.8% Annualized) assigned*
-- Goodrich Corp. (NYSE: GR)
Last Price 67.25 - AUG 65.00 CALL OPTION@ $5.90 -> 5.9% Return
(12.6% Annualized) assigned*
-- Equinix, Inc. (Nasdaq: EQIX)
Last Price 97.80 - JUN 95.00 CALL OPTION@ $7.60 -> 5.3% Return
(17.8% Annualized) assigned*
-- ConocoPhillips (NYSE: COP)
Last Price 48.91 - MAY 48.00 CALL OPTION@ $2.77 -> 4.0% Return
(18.2% Annualized) assigned*
-- SanDisk Corp. (Nasdaq: SNDK)
Last Price 32.63 - APR 32.00 CALL OPTION@ $2.32 -> 5.6% Return
(44.2% Annualized) assigned*
-- Celgene Corporation (Nasdaq: CELG)
Last Price 61.30 - JUL 60.00 CALL OPTION@ $5.20 -> 7.0% Return
(18.5% Annualized) assigned*
-- Pall Corp. (NYSE: PLL)
Last Price 41.01 - JUN 40.00 CALL OPTION@ $3.20 -> 5.8% Return
(19.4% Annualized) assigned*
-- Quicksilver Resources Inc. (NYSE: KWK)
Last Price 15.45 - JUN 15.00 CALL OPTION@ $1.75 -> 9.5% Return
(31.8% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, MBIA (MBIA), Domino's Pizza (DPZ), and Dell
(DELL) lead the list of companies with positive news, while Staples
(SPLS), AutoZone (AZO), and NutriSystem (NTRI) lead the list of
companies with negative news. Suncor Energy (SU), Berry Petroleum
(BRY), and Regal Entertainment (RGC) were upgraded this morning,
while AT&T (T), Rowan Cos. (RDC), and Deutsche Telekom (DT)
received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading remains firmly in positive territory this morning,
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 0.55%. In Asia, regional indexes were mostly higher,
with Japan and South Korea led by technology plays, but the Hong
Kong market skidded following disappointing earnings from HSBC.
Meanwhile, trading in Europe is higher, with weakness in financials
and drug makers offsetting gains in personal good makers after
L'Oreal rose on Nestle stake reports.
Iranian threats to cut off oil supplies to European countries
bolstered crude prices in yesterday's trading, with the front-month
contract gaining 1.2% on the session. Crude is holding onto this
strength in pre-market trading, rising 0.44% to $79.05, despite
continued strength in the U.S. dollar. Speaking of which, the U.S.
Dollar Index is up 0.12%, with the index holding firm above support
in the round-number 80 region. Finally, gold futures are
fractionally higher in London, rising $2.80 to $1,121.10 an ounce.
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PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,293,910 call contracts traded on Monday, compared to 756,161
put contracts. The resultant single-session put/call ratio arrived
at 0.58, 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 $115.10. For the Nasdaq 100
(QQQQ), support is near $43.80 and resistance is around $46.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
2:00 p.m. Feb Auto & Truck Sales
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AZO 2.34
SPLS 0.39
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