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.
------------------------------------------------------------------
New PriceWatch Alerts for AXP, MON, PEP, LVS, and More...
March 8, 8:30 AM EST - Before the open... PriceWatch Alerts for
AXP, MON, PEP, LVS, NUE, FWLT, JEC, SHLD, LM, and SINA, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for AXP, MON, PEP, LVS, NUE, FWLT, JEC, SHLD,
LM, and SINA
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- American Express Company (NYSE: AXP)
Last Price 40.20 - JUL 40.00 CALL OPTION@ $2.84 -> 7.1% Return
(19.7% Annualized) assigned*
-- Monsanto Co. (NYSE: MON)
Last Price 72.50 - JUL 70.00 CALL OPTION@ $6.00 -> 5.3% Return
(14.7% Annualized) assigned*
-- Sears Holdings Corporation (Nasdaq: SHLD)
Last Price 100.95 - JUN 100.00 CALL OPTION@ $7.05 -> 6.5% Return
(23.0% Annualized) assigned*
-- Legg Mason Inc. (NYSE: LM)
Last Price 28.86 - MAY 28.00 CALL OPTION@ $2.20 -> 5.0% Return
(24.5% Annualized) assigned*
-- Sina Corp. (Nasdaq: SINA)
Last Price 40.93 - JUN 40.00 CALL OPTION@ $3.50 -> 6.9% Return
(24.3% Annualized) assigned*
-- Pepsico, Inc. (NYSE: PEP)
Last Price 64.37 - JUL 65.00 CALL OPTION@ $2.24 -> 4.6% Return
(12.9% Annualized) assigned*
-- Las Vegas Sands Corp. (NYSE: LVS)
Last Price 17.87 - JUN 17.00 CALL OPTION@ $2.33 -> 9.4% Return
(33.3% Annualized) assigned*
-- Nucor Corporation (NYSE: NUE)
Last Price 44.56 - JUN 44.00 CALL OPTION@ $3.50 -> 7.2% Return
(20.0% Annualized) assigned*
-- Foster Wheeler AG (Nasdaq: FWLT)
Last Price 25.91 - MAY 25.00 CALL OPTION@ $2.40 -> 6.4% Return
(31.0% Annualized) assigned*
-- Jacobs Engineering Group Inc. (NYSE: JEC)
Last Price 41.44 - JUL 40.00 CALL OPTION@ $3.20 -> 4.6% Return
(12.8% 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 this morning, AIG (AIG), Metlife (MET), and H&R Block *HRB)
lead the list of companies with positive news, while Yingle Green
Energy (YGE), TiVo (TIVO), and Hewlett-Packard (HPQ) lead the list
of companies with negative news. Research in Motion (RIMM), Macy's
(M), and Yahoo! (YHOO) were upgraded this morning, while Crown
Castle (CCI), Fifth Third Bank (FITB), and Schnitzer Steel (SCHN)
received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading looks strong this morning, as all 10 foreign
indexes that we track are in positive territory. The cumulative
average return on the collective stands at a gain of 0.82%. Asian
regional indexes rallied sharply on Monday, with commodities and
resource stocks leading a broad advance due to higher commodity
prices. Across the pond in Europe, stocks are pulling back from
early morning highs, as trouble in the pharmaceuticals sector is
affecting investor sentiment.
A rally in commodities overseas has led to strength in crude oil
prices heading into the open this morning. At last check, crude
futures were 27 cents higher at $81.77 per barrel. The move comes
at the expense of the U.S. dollar, as the U.S. Dollar Index has
slipped 0.08% to trade at 80.37 in pre-market activity. Finally,
gold has been unable to take advantage of the greenback's weakness,
with futures falling $1.40 to trade at $1,133.80 an ounce.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,505,197 call contracts traded on Friday, compared to 788,575
put contracts. The resultant single-session put/call ratio arrived
at 0.52, while the 21-day moving average slipped to 0.67.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $112.00 and resistance around $115.15. For the Nasdaq 100
(QQQQ), support is near $43.80 and resistance is around $46.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
No Significant Events Expected Today
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
HRB 0.15
YGE 0.14
|
