MorningUpdate - Options Trading Email
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New PriceWatch Alerts for CSCO, YHOO, CHK, SLB, and More...
March 9, 8:30 AM EST - Before the open... PriceWatch Alerts for
CSCO, YHOO, CHK, SLB, AKS, TM, FSYS, GME, TIVO, IAG, SLM, YGE,
UAUA, DRI, and HLX, Market Overview, News Leaders and Laggards,
Today's Economic Calendar, and Index Support & Resistance Levels.
New PriceWatch Alerts for CSCO, YHOO, CHK, SLB, AKS, TM, FSYS, GME,
TIVO, IAG, SLM, YGE, UAUA, DRI, and HLX
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Cisco Systems, Inc. (Nasdaq: CSCO)
Last Price 26.13 - JUL 26.00 CALL OPTION@ $1.51 -> 5.6% Return
(15.9% Annualized) assigned*
-- Yingli Green Energy Holding Co. Ltd. (NYSE: YGE)
Last Price 12.15 - JUN 12.00 CALL OPTION@ $1.50 -> 12.7% Return
(45.4% Annualized) assigned*
-- UAL Corporation (Nasdaq: UAUA)
Last Price 17.52 - APR 17.00 CALL OPTION@ $1.78 -> 8.0% Return
(75.0% Annualized) assigned*
-- Darden Restaurants, Inc. (NYSE: DRI)
Last Price 41.99 - JUL 42.00 CALL OPTION@ $2.45 -> 6.2% Return
(17.5% Annualized) assigned*
-- Helix Energy Solutions Group, Inc. (NYSE: HLX)
Last Price 12.93 - SEP 12.50 CALL OPTION@ $1.80 -> 12.3% Return
(23.3% Annualized) assigned*
-- Yahoo! Inc. (Nasdaq: YHOO)
Last Price 16.52 - OCT 16.00 CALL OPTION@ $1.70 -> 8.0% Return
(13.2% Annualized) assigned*
-- Chesapeake Energy Corporation (NYSE: CHK)
Last Price 25.59 - JUL 25.00 CALL OPTION@ $2.46 -> 8.1% Return
(22.7% Annualized) assigned*
-- TiVo Inc. (Nasdaq: TIVO)
Last Price 17.08 - APR 17.00 CALL OPTION@ $1.15 -> 6.7% Return
(62.9% Annualized) assigned*
-- IAMGOLD Corp. (NYSE: IAG)
Last Price 15.23 - JUN 15.00 CALL OPTION@ $1.70 -> 10.9% Return
(38.9% Annualized) assigned*
-- SLM Corp. (NYSE: SLM)
Last Price 12.29 - JUL 12.00 CALL OPTION@ $1.35 -> 9.7% Return
(27.2% Annualized) assigned*
-- Schlumberger Limited (NYSE: SLB)
Last Price 64.48 - AUG 60.00 CALL OPTION@ $7.60 -> 5.5% Return
(12.1% Annualized) assigned*
-- AK Steel Holding Corp. (NYSE: AKS)
Last Price 24.13 - APR 24.00 CALL OPTION@ $1.80 -> 7.5% Return
(70.0% Annualized) assigned*
-- Toyota Motor Corp. (NYSE: TM)
Last Price 77.94 - JUL 75.00 CALL OPTION@ $6.70 -> 5.3% Return
(14.8% Annualized) assigned*
-- Fuel Systems Solutions, Inc. (Nasdaq: FSYS)
Last Price 29.65 - JUL 25.00 CALL OPTION@ $5.80 -> 4.8% Return
(13.5% Annualized) assigned*
-- GameStop Corp. (NYSE: GME)
Last Price 18.47 - JUL 17.50 CALL OPTION@ $2.25 -> 7.9% Return
(22.2% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far this morning, UAL Corporation (UAUA), Sony (SNE), and Cisco
Systems (CSCO) lead the list of companies with positive news, while
H&R Block (HRB), Comerica (CMA), and Texas Instruments (TXN) lead
the list of companies with negative news. YUM! Brands (YUM),
Petrohawk Energy (HK), and Health Net (HNT) were upgraded this
morning, while Toyota Motor (TM), First Solar (FSLR), and Textron
(TXT) received downgrades.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is in trouble this morning, as only three of the
10 foreign indexes that we track are in positive territory. The
cumulative average return on the collective stands at a loss of
0.37%. In Asian trading, stock markets reversed earlier losses,
ending mixed on Tuesday. Japanese exporters were mixed, with Canon
down 0.38% and Honda Motor edged up 0.3%, while Sony gained 1%.
Panasonic advanced 2% after the electronics maker said it will
launch its 3D TVs in the United States on Wednesday, and cooperate
with top U.S. electronics retailer Best Buy in promoting the
products. In Europe, equities slipped for a second straight
session, with weaker financial and mining stocks outweighing
stronger food producers.
Strength in the U.S. dollar and expectations for a rise in U.S.
petroleum supplies has applied quite a bit of pressure to crude
futures this morning. In fact, the April contract has plunged
nearly 2% to trade at $80.25 heading into the open. Adding to the
commodities woes, the U.S. dollar has been bid higher in the wake
of a Fitch warning that a default on European sovereign debt
profile is deteriorating. As a result, the U.S. Dollar Index is up
0.43% at 80.78. Finally, gold has also been smacked lower by a
stronger dollar, with futures falling $6.80 to trade at $1,117.20
an ounce.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,396,739 call contracts traded on Monday, 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 0.66.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $109.85 and resistance around $115.15. For the Nasdaq 100
(QQQQ), support is near $45.40 and resistance is around $46.65.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
No Significant Events Expected Today
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
SAM 0.58
PSS -0.26
DKS 0.55
EJ 0.35
JCG 0.46
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