MorningUpdate - Options Trading Email
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MORNING UPDATE: PriceWatch Alerts for YHOO, RIG, MET, and More...
April 19, 8:30 AM EST - Before the open... PriceWatch Alerts for
YHOO, JCP, CNX, PCAR, BRFS, RIG, MET, CTSH, GPS, and EW, Market
Overview, News Leaders and Laggards, Today's Economic Calendar, and
Index Support & Resistance Levels.
New PriceWatch Alerts for YHOO, JCP, CNX, PCAR, BRFS, RIG, MET,
CTSH, GPS, and EW
-- Yahoo! (Nasdaq: YHOO)
Last Price 15.49 - OCT 15.00 CALL OPTION@ $1.61 -> 8.1% Return (16%
Annualized*) if assigned
-- JC Penney (NYSE: JCP)
Last Price 33.87 - AUG 33.00 CALL OPTION@ $3.20 -> 7.6% Return
(22.9% Annualized*) if assigned
-- CONSOL Energy (NYSE: CNX)
Last Price 34.19 - MAY 34.00 CALL OPTION@ $1.68 -> 4.6% Return
(55.8% Annualized*) if assigned
-- PACCAR (Nasdaq: PCAR)
Last Price 42.69 - AUG 42.00 CALL OPTION@ $3.30 -> 6.6% Return (20%
Annualized*) if assigned
-- BRF Brasil Foods (NYSE: BRFS)
Last Price 18.37 - SEP 17.50 CALL OPTION@ $1.87 -> 6.1% Return
(14.2% Annualized*) if assigned
-- Transocean (NYSE: RIG)
Last Price 48.86 - AUG 47.50 CALL OPTION@ $5.05 -> 8.4% Return
(25.4% Annualized*) if assigned
-- MetLife (NYSE: MET)
Last Price 35.80 - MAY 35.00 CALL OPTION@ $2.40 -> 4.8% Return
(58.3% Annualized*) if assigned
-- Cognizant Technology (Nasdaq: CTSH)
Last Price 72.67 - MAY 72.50 CALL OPTION@ $3.00 -> 4.1% Return
(49.4% Annualized*) if assigned
-- Gap (NYSE: GPS)
Last Price 27.62 - JUN 27.00 CALL OPTION@ $1.71 -> 4.2% Return
(26.5% Annualized*) if assigned
-- Edwards Lifesciences (NYSE: EW)
Last Price 72.71 - AUG 70.00 CALL OPTION@ $7.00 -> 6.5% Return
(19.7% Annualized*) if assigned
*Annualized returns are shown for comparison purposes only
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NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
NEWS LEADERS AND LAGGARDS-----------------------------------------
Stocks pointed higher ahead of the open this morning are Gilead
Sciences (GILD), EBAY (EBAY) and F5 Networks (FFIV). Pointed lower
this morning are Qualcomm (QCOM), EMC Corp. (EMC) and Yum Brands
(YUM). Analyst upgrades this morning include Zynga (ZNGA),
Mellanox Tech (MLNX) and F5 Networks (FFIV). Downgrades today
include Perrigo (PRGO), Catalyst Health Solutions (CHSI) and
Chesapeake Energy (CHK).
MARKET OVERVIEW---------------------------------------------------
Asian markets ended mostly lower today, as traders seemed anxious
ahead of a planned Spanish debt auction. However, Hong Kong-listed
equities closed in the black, with insurance stocks and financials
leading the gainers amid speculation that the People's Bank of
China is readying a number of liquidity-boosting measures. By the
close, Japan's Nikkei fell 0.8%, South Korea's Kospi lost 0.2%,
China's Shanghai Composite gave up 0.09%, and Hong Kong's Hang Seng
tacked on 1%. European equities are mixed at midday, as investors'
relief over respectable demand for an auction of Spain's two- and
10-year notes has been offset by rising bond yields. Traditionally
defensive stocks, such as pharmaceuticals, have managed to claw
their way higher, with Roche leading the pack after the company
said it will drop its bid for Illumina. At last check, London's
FTSE 100 is up 0.5%, while the German DAX is down 0.5%, and the
French CAC 40 is 0.6% lower.
The U.S. dollar index is up 0.1% at $79.61. Crude oil is on the
rebound following yesterday's better-than expected inventories
report, with oil for May delivery 0.3% higher at $103.39 per
barrel. Gold futures are trading 0.1% north of breakeven, with the
malleable metal last seen at $1,641.10 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,246,864 call contracts traded on Wednesday, compared to
737,083 put contracts. The resultant single-session put/call ratio
arrived at 0.59, while the 21-day moving average was 0.64.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $137.00 with resistance near $139.35. The Nasdaq 100 (QQQ) has
shown support around $65.25 and resistance around $67.20.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. 4/14 Initial Claims
8:30 a.m. 4/7 Continuing Claims
10:00 a.m. Mar Existing Home Sales
10:00 a.m. Apr Philadelphia Fed
10:00 a.m. Mar Leading Indicators
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AMD 0.09
ALTR 0.36
BAC 0.12
BAX 1.00
BBT 0.59
BSX 0.08
COF 1.38
CMG 1.93
CB 1.51
DHR 0.71
ETFC 0.09
DD 1.55
EMC 0.36
FITB 0.37
FHN 0.13
FCX 0.85
GPC 0.87
KEY 0.19
LH 1.67
MS 0.42
MSFT 0.57
NUE 0.39
BTU 0.54
PBCT 0.18
PM 1.19
PPG 1.69
COL 1.09
SNDK 0.70
SHW 0.88
SNA 1.16
LUV -0.05
TRV 1.51
UNP 1.63
UNH 1.16
VZ 0.58
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