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 for RIMM, HD, MRK, MER, and
more...
April 1 - 8:30 AM EST - Before the open... PriceWatch Alerts for
RIMM, HD, MRK, MER, SLB, GILD, DSX, PBR, ANN, and CPO, Market
Overview, News Leaders and Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for RIMM, HD, MRK, MER, SLB, GILD, DSX, PBR,
ANN, and CPO
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Research In Motion Ltd. (Nasdaq: RIMM)
Last Price 112.23 - APR 110.00 CALL OPTION@ $9.40 -> 7.0% Return
(133.9% Annualized) assigned*
-- The Home Depot, Inc (NYSE: HD)
Last Price 27.97 - MAY 27.50 CALL OPTION@ $1.87 -> 5.4% Return
(41.7% Annualized) assigned*
-- Petroleo Brasileiro (NYSE: PBR)
Last Price 102.11 - MAY 100.00 CALL OPTION@ $7.90 -> 6.1% Return
(47.7% Annualized) assigned*
-- AnnTaylor Stores Corp. (NYSE: ANN)
Last Price 24.18 - MAY 22.50 CALL OPTION@ $2.80 -> 5.2% Return
(40.7% Annualized) assigned*
-- Corn Products International Inc. (NYSE: CPO)
Last Price 37.14 - JUL 35.00 CALL OPTION@ $4.40 -> 6.9% Return
(22.9% Annualized) assigned*
-- Merck & Co. Inc. (NYSE: MRK)
Last Price 37.95 - MAY 37.50 CALL OPTION@ $2.65 -> 6.2% Return
(48.4% Annualized) assigned*
-- Merrill Lynch & Co., Inc. (NYSE: MER)
Last Price 40.74 - APR 40.00 CALL OPTION@ $4.05 -> 9.0% Return
(173.3% Annualized) assigned*
-- Schlumberger Limited (NYSE: SLB)
Last Price 87.00 - MAY 85.00 CALL OPTION@ $6.00 -> 4.9% Return
(38.4% Annualized) assigned*
-- Gilead Sciences Inc. (Nasdaq: GILD)
Last Price 51.53 - AUG 50.00 CALL OPTION@ $5.10 -> 7.7% Return
(20.3% Annualized) assigned*
-- Diana Shipping Inc. (NYSE: DSX)
Last Price 26.32 - MAY 25.00 CALL OPTION@ $2.80 -> 6.3% Return
(48.9% 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, Time Warner, Ceradyne, and McCormick & Company lead
the list of companies with the most news stories while Becton,
Dickinson and Co. and Sybase, Inc. are showing a spike in news.
Akamai Technologies, CBRL Group, Inc., and Illumina Inc. have the
highest srtIndex scores to top the list of companies with positive
news while UBS AG and Reynolds American lead the list of companies
with negative news reports. Gilead Sciences has popped up with a
high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is much improved over this time yesterday morning,
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 0.24%. In Asian trading, stocks ended mixed. Nikon
lead advancing issues in Japan, as technology stocks took the lead.
Meanwhile, Samsung Electronic mirrored this performance in South
Korea, helping to offset sharper declines after the technology
giant said it was seeking to raise wholesale prices for its random-
access memory chips in April. In China, the Shanghai Composite
ended sharply lower after comments by the People's Bank of China
that indicated a more hawkish stance on monetary policy.
Across the pond in Europe, regional indices began the second
quarter on a positive note, after Swiss bank UBS moved higher
despite additional write-downs. Deutsche Bank joined in the
financial debacle, but was last seen higher by more than 1% in
Frankfurt trading after reporting that conditions have become
significantly more challenging during the past few weeks.
The U.S. dollar got pounded yesterday after the Treasury Department
outlined new U.S. financial regulations. The fact that euro zone
inflation came in hotter-than-expected only added to the currency's
woes. However, the greenback's losses were pared with help from the
equities market and a stronger-than-expected Chicago Purchasing
Management Index (PMI) report. For the quarter, the euro has tacked
on 8.2% against the dollar, while the yen has gained 11.1% versus
the dollar.
Crude futures shed nearly 4% yesterday, closing at $101.58 per
barrel, giving back a majority of last week’s gains in 1 session.
The $4.04 drop was touched off as concerns over disruption of Iraqi
oil exports waned and the dollar strengthened. Black gold dropped
to an intraday low of $100.25 per barrel, but managed to lift
itself by the close. For the first quarter, crude oil added $5.60,
or 5.8%. For the month of March, the commodity slipped 26 cents.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 882,529 call contracts
traded on Friday, compared to 763,106 put contracts. The resultant
single-session put/call ratio rose to 0.86, while the 21-day moving
average inched higher to 0.89.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
12:00 a.m. Mar Auto and Truck Sales
10:00 a.m. Feb Construction Spending
10:00 a.m. Mar ISM Index
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
No major earnings events today.
|
