MorningUpdate - Options Trading Email
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New PriceWatch Alerts for GOOG, AIG, EBAY, STX, and More...
March 3, 8:30 AM EST - Before the open... PriceWatch Alerts for
GOOG, AIG, EBAY, STX, CNX, GOLD, TXT, JCP, BHI, PCAR, ZION, GLW,
VMW, LNC, and SEED, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for GOOG, AIG, EBAY, STX, CNX, GOLD, TXT,
JCP, BHI, PCAR, ZION, GLW, VMW, LNC, and SEED
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Google Inc. (Nasdaq: GOOG)
Last Price 541.06 - JUN 540.00 CALL OPTION@ $27.20 -> 5.1% Return
(17.2% Annualized) assigned*
-- Corning Inc. (NYSE: GLW)
Last Price 17.61 - AUG 17.00 CALL OPTION@ $1.89 -> 8.1% Return
(17.4% Annualized) assigned*
-- VMware, Inc. (NYSE: VMW)
Last Price 50.97 - APR 50.00 CALL OPTION@ $2.95 -> 4.1% Return
(33.4% Annualized) assigned*
-- Lincoln National Corp. (NYSE: LNC)
Last Price 26.11 - APR 26.00 CALL OPTION@ $1.40 -> 5.2% Return
(42.3% Annualized) assigned*
-- Origin Agritech Limited (Nasdaq: SEED)
Last Price 9.99 - MAY 10.00 CALL OPTION@ $1.25 -> 14.4% Return
(65.8% Annualized) assigned*
-- American International Group, Inc. (NYSE: AIG)
Last Price 25.03 - MAR 25.00 CALL OPTION@ $1.27 -> 5.2% Return
(112.1% Annualized) assigned*
-- J. C. Penney Company, Inc. (NYSE: JCP)
Last Price 28.88 - MAY 28.00 CALL OPTION@ $2.05 -> 4.4% Return
(19.9% Annualized) assigned*
-- Baker Hughes Incorporated (NYSE: BHI)
Last Price 49.23 - APR 49.00 CALL OPTION@ $2.40 -> 4.6% Return
(37.6% Annualized) assigned*
-- PACCAR Inc. (Nasdaq: PCAR)
Last Price 37.11 - MAY 37.00 CALL OPTION@ $1.95 -> 5.2% Return
(23.9% Annualized) assigned*
-- Zions Bancorp. (Nasdaq: ZION)
Last Price 18.64 - APR 18.00 CALL OPTION@ $1.65 -> 5.9% Return
(48.2% Annualized) assigned*
-- eBay Inc. (Nasdaq: EBAY)
Last Price 23.99 - JUL 24.00 CALL OPTION@ $1.74 -> 7.9% Return
(21.1% Annualized) assigned*
-- Seagate Technology (Nasdaq: STX)
Last Price 21.01 - APR 21.00 CALL OPTION@ $1.27 -> 6.4% Return
(51.8% Annualized) assigned*
-- CONSOL Energy Inc. (NYSE: CNX)
Last Price 53.84 - JUL 50.00 CALL OPTION@ $7.70 -> 8.4% Return
(22.5% Annualized) assigned*
-- Randgold Resources Ltd. (Nasdaq: GOLD)
Last Price 75.94 - APR 75.00 CALL OPTION@ $4.40 -> 4.8% Return
(39.2% Annualized) assigned*
-- Textron Inc. (NYSE: TXT)
Last Price 20.90 - JUN 20.00 CALL OPTION@ $2.25 -> 7.2% Return
(24.5% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, Big Lots (BIG), Joy Global (JOYG), and
Hovnanian Enterprises (HOV) lead the list of companies with
positive news, while Costco (COST), BJ's Wholesale Club (BJ), and
Pfizer (PFE) lead the list of companies with negative news.
Schlumberger (SLB), Paychex (PAYX), and Freeport-McMoRan (FCX) were
upgraded this morning, while Netflix (NFLX), AnnTaylor (ANN), and
Fresh Del Monte (FDP) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, as only five of the 10
foreign indexes that we track are in positive territory. The
cumulative average return on the collective stands at a gain of
0.27%. In Asia, stocks climbed for the fourth consecutive session
as investors held out hope for a bailout package for debt-ridden
Greece. However, trade was lackluster with investors sidelined
ahead of key U.S. jobs data due out on Friday. Trading is mostly
lower in Europe, with gains in life insurers offsetting weakness in
the oil sector, while sentiment improved after a source said the
Greek cabinet had agreed on additional austerity measures.
The U.S. dollar is headed lower this morning, as traders position
themselves ahead of today's flood of economic data, which includes
the Fed's Beige Book. As a result, the U.S. Dollar Index has
slipped 0.36% to 80.23 in pre-market trading. Commodities are
getting a boost from the weakening greenback, with crude futures
rising 0.51% to $80.09 per barrel. The weekly report on U.S.
petroleum stockpiles is also due out later today, so oil traders
should keep an eye out for the latest figures. Finally, gold is
moderately higher in London, with futures adding $3.60 to trade at
$1,141 an ounce.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,382,361 call contracts traded on Tuesday, compared to 786,376
put contracts. The resultant single-session put/call ratio arrived
at 0.57, while the 21-day moving average dropped to 0.67.
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 ----------------------------------------
8:15 a.m. Feb ADP Employment
10:00 a.m. Feb ISM Services
10:30 a.m. 2/26 Crude Inventories
2:00 p.m. Mar Fed Beige Book
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BIG 1.28
COST 0.72
PGR 0.37
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