MorningUpdate - Options Trading Email
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New PriceWatch Alerts for JPM, MON, TWX, UNP, and CLF
April 25 - 8:30 AM EST - Before the open... PriceWatch Alerts for
JPM, MON, TWX, UNP, and CLF, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for JPM, MON, TWX, UNP, and CLF
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- JPMorgan Chase & Co (NYSE: JPM)
Last Price 46.97 - JUN 47.50 CALL OPTION@ $2.22 -> 6.1% Return
(39.4% Annualized) assigned*
-- Monsanto Co. (NYSE: MON)
Last Price 118.92 - JUN 115.00 CALL OPTION@ $12.00 -> 7.6% Return
(48.4% Annualized) assigned*
-- Time Warner Inc. (NYSE: TWX)
Last Price 15.05 - OCT 15.00 CALL OPTION@ $1.20 -> 8.3% Return
(17.2% Annualized) assigned*
-- Union Pacific Corp. (NYSE: UNP)
Last Price 138.04 - AUG 135.00 CALL OPTION@ $11.20 -> 6.4% Return
(20.8% Annualized) assigned*
-- Cleveland-Cliffs Inc. (NYSE: CLF)
Last Price 157.84 - JUN 150.00 CALL OPTION@ $18.20 -> 7.4% Return
(47.5% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Coventry Health Care, AirTran Holdings, and Shire
Pharmaceuticals lead the list of companies with the most news
stories while Goodyear Tire & Rubber and American Axle &
Manufacturing Holdings are showing a spike in news. Nokia Corp.,
General Motors Corporation, and Entergy have the highest srtIndex
scores to top the list of companies with positive news while CV
Therapeutics and SiRF Technology Holdings lead the list of
companies with negative news reports. LM Ericsson Telephone has
popped up with a high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is looking solid this morning, as 8 of the 11
foreign indices that we track are in positive territory. The
cumulative average return on the collectives stands at a gain of
1.01%. In Asian trading, indices ended on a mixed note, with
financials such as Mizuho Financial Group helping push Tokyo
higher. Meanwhile, Shanghai stocks slipped a day after putting in
their best performance in years. Hong Kong stocks also edged
lower, with weakness from China-related shares such as Ping An
Insurance leading the way.
Across the pond in Europe, regional indices were broadly higher,
with a 21% rise for Ericsson shares boosting the technology sector
and gains from the banking sector also lifting sentiment.
Elsewhere, German truck maker Man AG rose 2.4% in early trading
after its first-quarter net profit jumped 42% to 322 million euros,
topping forecasts. Finally, France Telecom (FTE) said that first-
quarter net income rose 9% to 4.99 billion Swedish kroner, after
sales increased 7% to 24.4 billion kroner.
The dollar's strength led to weakness in gold prices yesterday,
despite some questionable economic data that might otherwise have
prompted a flight to the safe-haven investment. Gold for June
delivery wrapped up the session on a loss of $19.60 to finish at
$889.40 an ounce.
Crude futures closed lower yesterday as the U.S. dollar staged a
bit of a comeback against the euro. Black gold also came under
pressure as investors learned of weak housing data, which
underscored the notion that the world's largest oil consumer may be
cutting back on energy spending. By the close, June-dated crude
oil fell $2.24 to close at $116.06 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,468,327 call contracts
traded on Thursday, compared to 987,825 put contracts. The
resultant single-session put/call ratio inched lower to 0.67, while
the 21-day moving average remained at 0.79.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Apr Michigan Sentiment
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
AXL -0.01
CVH 0.81
ETR 1.51
GT 0.47
ERIC 0.28
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