MorningUpdate - Options Trading Email
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New PriceWatch Alerts for FSLR, VMW, LEH, PFE, and CE
April 23 - 8:30 AM EST - Before the open... PriceWatch Alerts for
FSLR, VMW, LEH, PFE, and CE, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for FSLR, VMW, LEH, PFE, and CE
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- First Solar, Inc. (Nasdaq: FSLR)
Last Price 298.03 - MAY 280.00 CALL OPTION@ $36.90 -> 7.2% Return
(105.5% Annualized) assigned*
-- VMware, Inc. (NYSE: VMW)
Last Price 58.02 - MAY 55.00 CALL OPTION@ $6.30 -> 6.3% Return
(92.6% Annualized) assigned*
-- Lehman Brothers Holdings Inc. (NYSE: LEH)
Last Price 44.57 - JUN 40.00 CALL OPTION@ $7.15 -> 6.9% Return
(41.9% Annualized) assigned*
-- Pfizer Inc. (NYSE: PFE)
Last Price 19.79 - SEP 20.00 CALL OPTION@ $1.00 -> 6.4% Return
(15.6% Annualized) assigned*
-- Celanese Corp. (NYSE: CE)
Last Price 45.32 - JUN 45.00 CALL OPTION@ $2.55 -> 5.2% Return
(31.7% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Boeing, Host Hotels & Resorts, and EMC Corporation
lead the list of companies with the most news stories while Philip
Morris International and Precision Drilling Trust are showing a
spike in news. WellPoint, Becton Dickinson, and CIGNA Corp. have
the highest srtIndex scores to top the list of companies with
positive news while Infineon Technologies and Delta Air Lines lead
the list of companies with negative news reports. Aetna Inc. has
popped up with a high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is hovering in positive territory this morning, as
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 0.27%. In Asian trading, stocks were mostly higher,
led by energy and commodity shares. Shanghai-listed shares got a
boost from strong earnings reports from Jiangxi Copper and China
Merchants Bank, while trading in Sydney jumped following Australian
& New Zealand Banking Group's in line report.
Across the pond in Europe, regional indices were mixed as traders
digested reports from Merck KGaA, Saint Gobain, and chipmaker
Infineon Technologies. Specifically, Merck KGaA swung to a net
profit of 239.1 million euros in the first quarter after posting a
loss of 8.3 million euros a year earlier. Meanwhile, Infineon
reported quarterly adjusted operating profit of 36 million euros on
revenue of 1.05 billion euros. The company reiterated its outlook
for fiscal year 2008.
Crude-oil prices rose to the latest in a string of new record highs
yesterday, closing up $1.44 at $118.07 per barrel after surging as
high as $119.90 per barrel in intraday activity. Black gold's
latest peak came on the heels of a decision by the Organization of
Petroleum Exporting Countries (OPEC) to keep production levels
unchanged. The cartel's president, Chakib Khelil, stated that
"There is no need for OPEC to raise its production now. ... Any
increase in output will not affect oil prices because there is a
balance between supply and demand." Meanwhile, AAA reports that
regular gasoline is now averaging $3.511 per gallon, marking its
own new record high.
Gold followed crude's path up the charts yesterday, with the
malleable metal finding additional strength from weakness in the
U.S. dollar. Against this backdrop, June-dated gold gained $7.60
by the close to finish at $925.20 an ounce. Meanwhile, platinum
futures rose 0.5%, closing the session at $2,037.40 an ounce.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,443,155 call contracts
traded on Tuesday, compared to 952,875 put contracts. The
resultant single-session put/call ratio inched higher to 0.66,
while the 21-day moving average remained at 0.79.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
The economic calendar is light today, with only the usual weekly
report on U.S. petroleum supplies due for release. Thursday offers
up the new home sales report for March and weekly jobless claims,
and Friday rounds out the week with the revised University of
Michigan consumer sentiment index for April.
10:30 a.m. 04/19 Crude Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AFL 0.96
APD 1.20
ATI 1.48
AMZN 0.32
ABK -1.51
ABC 0.77
BUD 0.72
AAPL 1.07
BDX 1.04
BIIB 0.79
BCR 1.05
CMG 0.48
CTXS 0.34
DAL -0.51
DOV 0.74
EMC 0.16
FCX 2.09
GD 1.29
GENZ 0.93
HST 0.30
LRCX 0.94
LSI 0.07
NE 1.31
PTV 0.32
PBG 0.12
PM 0.77
PX 0.95
PHM -0.77
QCOM 0.52
RRC 0.54
ROK 1.01
R 0.87
SGP 0.37
TEX 1.31
ALL 1.63
BA 1.35
UPS 0.87
VAR 0.51
WLP 1.19
XLNX 0.36
XTO 0.92
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