MorningUpdate - Options Trading Email
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New PriceWatch Alerts for INTC, BAC, KSS, APA, and NSC
April 24 - 8:30 AM EST - Before the open... PriceWatch Alerts for
INTC, BAC, KSS, APA, and NSC, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for INTC, BAC, KSS, APA, and NSC
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Intel Corp. (Nasdaq: INTC)
Last Price 22.56 - JUL 22.50 CALL OPTION@ $1.39 -> 6.3% Return
(26.4% Annualized) assigned*
-- Bank of America Corporation (NYSE: BAC)
Last Price 36.86 - AUG 35.00 CALL OPTION@ $3.70 -> 5.5% Return
(17.6% Annualized) assigned*
-- Kohl's Corp. (NYSE: KSS)
Last Price 47.64 - JUN 45.00 CALL OPTION@ $4.60 -> 4.6% Return
(28.2% Annualized) assigned*
-- Apache Corp. (NYSE: APA)
Last Price 138.93 - JUN 135.00 CALL OPTION@ $10.70 -> 5.3% Return
(32.7% Annualized) assigned*
-- Norfolk Southern Corp. (NYSE: NSC)
Last Price 58.74 - SEP 55.00 CALL OPTION@ $7.10 -> 6.5% Return
(15.8% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, 3M, PepsiCo, and Whirlpool lead the list of companies
with the most news stories while The Black & Decker Corporation and
Terra Industries Inc. are showing a spike in news. Aetna Inc.,
Suncor Energy Inc., and UnitedHealth Group Inc. have the highest
srtIndex scores to top the list of companies with positive news
while Motorola, Inc. and Ford lead the list of companies with
negative news reports. WellPoint has popped up with a high positive
news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is largely negative this morning, as just 3 of the
11 foreign indices that we track are in positive territory. The
cumulative average return on the collective, however, stands at a
gain of 0.29%. Off setting the overall negative performance of
global stocks was a 9.29% rally in China's Shanghai Composite.
Chinese stocks soared to log their highest single-day percentage
gain in years, after the government slashed a tax on share
transactions. The move was aimed at bolstering a stock market that
ranked among the worst performers in Asia this year. The rest of
the region was largely lower, with Hong Kong stocks finding a
little lift from China-related shares such as China Life Insurance,
while Japanese, South Korean, and Taiwanese markets closed lower.
Across the pond in Europe, stocks are broadly lower, as a pullback
in commodity and mining stocks pressured indices across the region.
German pharmaceutical and chemical company Bayer was a bright spot,
adding 2.8% after posting in-line first-quarter profit of 762
million euros. Meanwhile, Persimmon led a broad retreat in
homebuilders, dropping 8.2% in London trading. The firm said that
sale revenue this year is down 24% on 18% lower volumes.
As the dollar strengthened throughout the trading session
yesterday, gold was pressured lower. The June contract finished the
trading session $16.20 lower at $909 an ounce after dropping as far
as $898 an ounce. Some analysts believe that we will see gold
consolidate further before testing higher levels.
Crude for June delivery rose 23 cents to $118.30 per barrel
yesterday. The experts were nearly correct in their inventory
estimates this week, although the surprise was good. Crude-oil
inventories showed an increase of 2.4 million barrels, while
analysts expected a 2-million-barrel increase. Positive surprise
aside, oil futures finished with a 23-cent gain yesterday, defying
the bearish inventory reports. Retail regular gas prices rose to
$3.533 per gallon, which is another record high according to AAA.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,289,737 call contracts
traded on Wednesday, compared to 902,670 put contracts. The
resultant single-session put/call ratio inched higher to 0.70,
while the 21-day moving average remained at 0.79.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
The economic calendar today offers up the new home sales report for
March and the latest weekly jobless claims. Friday rounds out the
week with the revised University of Michigan consumer sentiment
index for April.
8:30 a.m. Mar Durable Orders
8:30 a.m. 04/19 Initial Claims
10:00 a.m. Mar New Home Sales
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
MMM 1.35
AET 0.92
MO 0.37
AEP 0.70
AXP 0.81
AMGN 1.04
AN 0.34
BDK 1.14
BMY 0.41
BC 0.10
CF 2.13
CB 1.54
COP 2.42
CNX 0.50
EMN 1.30
EDS 0.05
ESV 1.81
EXC 0.95
FII 0.57
FID 0.58
F -0.16
FO 0.78
BEN 1.76
GNW 0.63
GR 0.99
IM 0.39
JNPR 0.25
KLAC 0.63
LLL 1.51
LH 1.14
WFR 0.85
MSFT 0.44
MOT -0.07
NWL 0.27
NEM 0.54
NOC 0.63
OXY 1.97
PEP 0.70
RTN 0.84
COL 0.98
RCL 0.28
SAF 1.43
SWY 0.42
HOT 0.25
TROW 0.56
TASR 0.05
DOW 0.94
HSY 0.39
SWK 0.88
TRV 1.53
TMO 0.72
UNP 1.61
UST 0.81
WHR 1.57
ZMH 1.04
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