MorningUpdate - Options Trading Email
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MORNING UPDATE: PriceWatch Alerts for GOOG, T, NVDA, CHK, and CMC
March 25 - 8:30 AM EST - Before the open... PriceWatch Alerts for
GOOG, T, NVDA, CHK, and CMC, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for GOOG, T, NVDA, CHK, and CMC
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Google Inc. (Nasdaq: GOOG)
Last Price 460.56 - APR 460.00 CALL OPTION@ $23.30 -> 5.2% Return
(73.0% Annualized) assigned*
-- AT&T Inc. (NYSE: T)
Last Price 38.03 - JUL 37.50 CALL OPTION@ $2.82 -> 6.5% Return
(20.3% Annualized) assigned*
-- NVIDIA Corporation (Nasdaq: NVDA)
Last Price 20.03 - APR 20.00 CALL OPTION@ $1.20 -> 6.2% Return
(87.2% Annualized) assigned*
-- Chesapeake Energy Corp. (NYSE: CHK)
Last Price 45.01 - MAY 45.00 CALL OPTION@ $2.55 -> 6.0% Return
(40.4% Annualized) assigned*
-- Commercial Metals Co. (NYSE: CMC)
Last Price 31.35 - APR 30.00 CALL OPTION@ $2.60 -> 4.3% Return
(61.0% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Blockbuster, Celgene Corp., and F5 Networks lead the
list of companies with the most news stories while Bally
Technologies and Orbitz Worldwide are showing a spike in news.
Sirius Satellite Radio, Global Payments Inc., and Anadarko
Petroleum have the highest srtIndex scores to top the list of
companies with positive news while Teva Pharma and Fortress
Investment Group LLC lead the list of companies with negative news
reports. XM Satellite Holdings has popped up with a high positive
news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading looks optimistic this morning, with all 11 of the
foreign indices that we track in positive territory. The cumulative
average return on the collective stands at a hefty gain of 3.22%.
In Asian trading, many investors returned from a long weekend in
the mood to buy. Encouraged by stronger-than-expected U.S. housing
stats and a fresh bid for Bear Stearns by J.P. Morgan Chase, the
Hang Seng Index rallied more than 6.4%, while India's primary index
tacked on 6.07%.
Following suit this morning were European markets, as our friends
across the pond were also inspired to buy. Taking a cue from the
Dow Jones Industrial Average's rise of 260 points on Thursday,
followed by yesterday's gain of more than 187 points, the FTSE 100
Index gathered more than 3.6% higher. Meanwhile, France's CAC 40
Index tacked on more than 3.5%, while Stockholm's primary index
muscled 4% higher.
Strength in the dollar also sent crude oil prices lower, extending
last week's $7 decline in black-gold prices. However, losses were
not as bad as they could have been for the commodities pits, as the
February existing home sales data bolstered hopes for a stronger
U.S. economy – potentially lifting demand. By the close, crude for
May delivery shed 98 cents to close at $100.86 per barrel, clinging
precariously to support at the century level.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,813,852 call contracts
traded on Thursday, compared to 1,455,255 put contracts. The
resultant single-session put/call ratio slipped to 0.80, while the
21-day moving average held at 0.88.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Mar Consumer Confidence
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
CMRG 0.15
CMC 0.58
FIG 0.18
JBL 0.18
AUY 0.20
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