MorningUpdate - Options Trading Email
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MORNING UPDATE: PriceWatch Alerts for MSFT, HPQ, JPM, YHOO, and
More...
March 5 - 8:30 AM EST - Before the open... PriceWatch Alerts for C,
MSFT, HPQ, JPM, YHOO, SLB, WM, BJ, PBR, MON, and BIG, Market
Overview, News Leaders and Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for MSFT, HPQ, JPM, YHOO, SLB, WM, BJ, PBR,
MON, and BIG
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Microsoft Corporation (Nasdaq: MSFT)
Last Price 27.59 - APR 27.50 CALL OPTION@ $1.31 -> 4.6% Return
(36.8% Annualized) assigned*
-- Hewlett-Packard Co. (NYSE: HPQ)
Last Price 48.45 - MAY 47.50 CALL OPTION@ $3.40 -> 5.4% Return
(26.8% Annualized) assigned*
-- Petroleo Brasileiro (NYSE: PBR)
Last Price 112.55 - APR 110.00 CALL OPTION@ $8.90 -> 6.1% Return
(48.6% Annualized) assigned*
-- Monsanto Co. (NYSE: MON)
Last Price 111.72 - APR 110.00 CALL OPTION@ $9.90 -> 8.0% Return
(63.7% Annualized) assigned*
-- Big Lots Inc. (NYSE: BIG)
Last Price 17.38 - APR 17.50 CALL OPTION@ $1.45 -> 9.9% Return
(78.2% Annualized) assigned*
-- JPMorgan Chase & Co (NYSE: JPM)
Last Price 39.19 - APR 40.00 CALL OPTION@ $2.20 -> 8.1% Return
(64.6% Annualized) assigned*
-- Yahoo! Inc. (Nasdaq: YHOO)
Last Price 28.06 - APR 27.50 CALL OPTION@ $2.24 -> 6.5% Return
(51.6% Annualized) assigned*
-- Schlumberger Limited (NYSE: SLB)
Last Price 84.55 - APR 85.00 CALL OPTION@ $4.70 -> 6.4% Return
(51.2% Annualized) assigned*
-- Washington Mutual Inc. (NYSE: WM)
Last Price 13.39 - APR 12.50 CALL OPTION@ $2.25 -> 12.2% Return
(96.9% Annualized) assigned*
-- BJ's Wholesale Club Inc. (NYSE: BJ)
Last Price 33.28 - JUN 30.00 CALL OPTION@ $5.10 -> 6.5% Return
(21.6% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Bristol Myers, Smithfield Foods, and AT&T lead the
list of companies with the most news stories while Fuel Tech Inc.
and Big Lots, Inc. are showing a spike in news. Saks Incorporated,
LM Ericsson, and Target have the highest srtIndex scores to top the
list of companies with positive news while Trump Entertainment
Resorts and Chicos FAS lead the list of companies with negative
news reports. 99 Cents Only Stores has popped up with a high
positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is much improved over this time yesterday, as 7 of
the 11 foreign indices that we track are in positive territory. The
cumulative average return on the collective stands at a gain of
0.6%. In Asia, markets were mainly mixed, with Shanghai falling on
concerns over China's tightening monetary policy after Chinese
premier Wen Jiabao said that controlling inflation and preventing
overheating were priorities for the government. Elsewhere, China
Life Insurance (LFC) dropped sharply despite of comments by
Chairman Yang Chao that the insurer was considering an overseas
acquisition.
Across the pond in Europe, regional indices appear poised to post
their first winning sessions after about five straight days of
losses. Shares in Credit Agricole rose 2.7% after the bank denied
speculation that it was considering bidding for troubled peer
Societe Generale. Meanwhile, German sportswear and equipment maker
Adidas reported a 63% rise in fourth-quarter net profits, citing a
strong sales performance for the Adidas and TaylorMade-Adidas Golf
brands.
Profit-taking was the theme in the gold market yesterday. With the
precious metal fresh off its own new record high, traders scrambled
to take profits off the table. April-dated gold slipped $17.90 to
wrap up the regular session of trading at $966.30 an ounce.
Elsewhere, platinum futures continued a trek in the black, gaining
$25.40 to settle at $2,267 an ounce.
Crude futures closed below the century mark for the first time in 4
sessions yesterday, after the Organization for Petroleum Exporting
Countries (OPEC) hinted that it will keep its production output
unchanged at today's meeting. Previously, some investors were
concerned the cartel would scale back production due to an expected
seasonal pullback in demand. Additionally, a wave of profit-taking
swept black-gold futures following Monday's record-setting rally.
By the close, April-dated crude skidded to a loss of $2.93, or
nearly 3%, to settle at $99.52 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,146,986 put contracts
traded on Tuesday, compared to 1,188,958 call contracts. The
resultant single-session put/call ratio inched jumped to 0.96, and
the 21-day moving average rose to 0.79.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:15 a.m. Feb ADP Employment
8:30 a.m. Q4 Productivity
10:00 a.m. Jan Factory Orders
10:00 a.m. Feb ISM Services
10:30 a.m. 3/01 Crude Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BIG 0.84
BJ 0.74
CSIQ 0.18
CHS -0.15
COST 0.74
HRB 0.06
PETM 0.59
TIVO -0.11
TRMP -0.40
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