MorningUpdate - Options Trading Email
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MORNING UPDATE: PriceWatch Alerts for FSLR, MS, COP, JBL, and HLF
March 26 - 8:30 AM EST - Before the open... PriceWatch Alerts for
FSLR, MS, COP, JBL, and HLF, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for FSLR, MS, COP, JBL, and HLF
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- First Solar, Inc. (Nasdaq: FSLR)
Last Price 219.73 - APR 210.00 CALL OPTION@ $21.80 -> 6.1% Return
(89.0% Annualized) assigned*
-- Morgan Stanley (NYSE: MS)
Last Price 49.45 - APR 50.00 CALL OPTION@ $2.00 -> 5.4% Return
(78.5% Annualized) assigned*
-- ConocoPhillips (NYSE: COP)
Last Price 74.53 - MAY 75.00 CALL OPTION@ $3.75 -> 6.0% Return
(41.1% Annualized) assigned*
-- Jabil Circuit Inc. (NYSE: JBL)
Last Price 11.38 - SEP 10.00 CALL OPTION@ $2.40 -> 11.4% Return
(23.2% Annualized) assigned*
-- Herbalife Ltd. (NYSE: HLF)
Last Price 48.57 - MAY 45.00 CALL OPTION@ $5.40 -> 4.2% Return
(29.2% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Computer Sciences Corporation, The Boeing Company,
and BEA Systems lead the list of companies with the most news
stories while Converted Organics Inc. and Discover Financial
Services are showing a spike in news. Becton Dickinson, Ford, and
Celgene have the highest srtIndex scores to top the list of
companies with positive news while Pep Boys and Clear Channel
Communications lead the list of companies with negative news
reports. Caterpillar Inc. has popped up with a high positive news
sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, with 4 of the 11 foreign
indices that we track in positive territory. The cumulative average
return on the collective stands at a gain of 0.06%. In Japan,
exporters including Canon (CAJ), Honda Motor (HMC), and Sony (SNE)
were weakened by the yen's early gains versus the dollar. However,
resource-related stocks climbed into the black thanks to an
overnight rebound in commodity prices, with BHP Billiton (BHP)
tacking on more than 2.5%, while Australian miner CBH Resources
rallied 15% in Sydney.
Across the pond in Europe, investors took a clue from U.S. data
yesterday showing consumer confidence dropped to the lowest level
since 1973. In other news, shares of Switzerland's Xstrata cropped
more than 10% after formally ending acquisition talks with
Brazilian miner Companhia Vale Do Rio Doce (RIO). In other news,
Deutsche Bank (DB) revealed that conditions would "adversely effect
our ability to achieve our pretax profitability objective" of 8.4
billion euros. The bank fell more than 1.8% in European trading.
The weakness in the U.S. dollar was a boon for gold prices on
Tuesday, as the front-month contract gained nearly 2% following
weaker-than-expected consumer confidence and a sharp drop in U.S.
housing prices. Against this backdrop, gold for April delivery
added $16.30 an ounce to close at $935. Other metals were also
strong, as silver for May delivery jumped 69 cents to end at $17.80
an ounce, and April platinum surged $96.70, or 5%, to $1,985.90 an
ounce.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,229,418 call contracts
traded on Tuesday, compared to 935,131 put contracts. The
resultant single-session put/call ratio slipped to 0.76, while the
21-day moving average held at 0.88.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. Feb Durable Orders
10:00 a.m. Feb New Home Sales
10:30 a.m. 3/22 Crude Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BFLY -0.02
CKR 0.02
ORCL 0.30
PAYX 0.39
PBY -0.07
RBN 0.43
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