MorningUpdate - Options Trading Email
Dear [FIRST_NAME]:
You received this alert as part of your subscription to one of the
PowerOptions products.
It's one of the PriorityONE benefits included with our service.
As always, if you have any questions feel free to email us at
support@poweropt.com or call 877-992-7971.
------------------------------------------------------------------
MORNING UPDATE: PriceWatch Alerts GS, CSCO, CME, UPS, and WAG
March 6 - 8:30 AM EST - Before the open... PriceWatch Alerts for
GS, CSCO, CME, UPS, and WAG, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for GS, CSCO, CME, UPS, and WAG
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Goldman Sachs Group Inc. (NYSE: GS)
Last Price 164.97 - MAR 165.00 CALL OPTION@ $6.90 -> 4.4% Return
(94.1% Annualized) assigned*
-- Cisco Systems, Inc. (Nasdaq: CSCO)
Last Price 24.27 - JUL 24.00 CALL OPTION@ $2.22 -> 8.8% Return
(23.7% Annualized) assigned*
-- CME Group, Inc. (NYSE: CME)
Last Price 518.44 - APR 510.00 CALL OPTION@ $30.80 -> 4.6% Return
(37.2% Annualized) assigned*
-- United Parcel Service, Inc. (NYSE: UPS)
Last Price 72.30 - JUL 70.00 CALL OPTION@ $5.30 -> 4.5% Return
(12.0% Annualized) assigned*
-- Walgreen Co. (NYSE: WAG)
Last Price 36.28 - JUL 35.00 CALL OPTION@ $3.30 -> 6.1% Return
(16.4% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
What exactly is a Covered Call? What are the risks, benefits, and
requirements? If you are asking yourself these questions, the
answers you seek lie in :Covered Calls: Aggressive Strategy for the
Conservative Investor: (http://www.poweropt.com/107/). This
educational kit, written by the founders of PowerOptions, will
teach you the ins and outs of the Covered Call Strategy. PLUS, it
comes with two free months of PowerOptions AND a 30 day risk free
guarantee!
Can you back test these strategies? Yes, you can! PowerOptions
offers a full back testing screener, SmartHistoryXL, to its
subscribers. Back test over 20 different options strategies using
your personal search criteria. Check out PowerOptions
SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-
instructions.asp) and start back testing today!
NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Tessera Technologies, American Eagle Outfitters, and
Cheesecake Factory lead the list of companies with the most news
stories while Suncor Energy and Joy Global Inc. are showing a spike
in news. American Oriental Bioengineering, Wal-Mart, and Northrop
Grumman Corp. have the highest srtIndex scores to top the list of
companies with positive news while Dillards and Stein Mart lead the
list of companies with negative news reports. Childrens Place
Retail Stores has popped up with a high positive news sraIndex
score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, as only 6 of the 11 foreign
indices that we track are in positive territory. The cumulative
average return on the collective stands at a gain of 0.54%. In
Asian trading, stocks rebounding sharply on Thursday, with Japan's
Nikkei 225 rallying behind strength in exporters such as Nintendo
(NTDOY) and Honda Motor (HMC). Meanwhile, Hong Kong ended a 4-day
slide on resource issues such as Cnooc (CEO) and Aluminum Corp. of
China (ACH). Indian markets were closed Thursday for a holiday.
With 2 key interest rate decisions slated for later in the session,
European shares lost ground in Thursday's trading. The Bank of
England and the European Central Bank are both set to release their
interest rate decisions today, providing additional turmoil for
financial stocks on the day. Meanwhile, insurance companies such
as Allianz (AZ) and ING Group (ING) fell on news of more exposure
to the troubled U.S. housing market.
Gold futures set an intraday record yesterday, thanks to a
continued flight to commodities as the dollar continues to weaken.
April-dated gold tacked on $22.20 by the close, settling at $988.50
an ounce. Although this is a nice price, the intraday high for the
yellow metal checked in at a healthy $995.20 an ounce. One analyst
noted that Tuesday's profit-taking allowed "some of the profits to
come out of the market, but the bull run seems to be healthier than
ever."
Crude futures also rocketed to a new high yesterday, thanks to yet
another inventory miss by the experts. The data, combined with
news that the Organization of Petroleum Exporting Countries (OPEC)
would not boost its output, sent black gold $5 higher on the day,
closing at $104.52 per barrel. The intraday high for crude hit
$104.95 per barrel, which caused Exxon Mobil's (XOM) CEO Rex
Tillerson to state that the situation is "pretty crazy."
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 702,927 put contracts traded
on Wednesday, compared to 1,037,575 call contracts. The resultant
single-session put/call ratio plummeted to 0.68, and the 21-day
moving average remained at 0.79.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. 3/01 Initial Claims
10:00 a.m. Jan Pending Home Sales
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BBI 0.18
CPRT 0.40
MWY -0.22
MRVL 0.11
NSM 0.24
OWW 0.12
ZQK -0.10
URBN 0.29
WIND 0.09
|
