MorningUpdate - Options Trading Email
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New PriceWatch Alerts for COP, MA, DNA, IR, and MVSN
April 29 - 8:30 AM EST - Before the open... PriceWatch Alerts for
COP, MA, DNA, IR, and MVSN, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for COP, MA, DNA, IR, and MVSN
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- ConocoPhillips (NYSE: COP)
Last Price 84.44 - JUN 85.00 CALL OPTION@ $3.10 -> 4.5% Return
(31.0% Annualized) assigned*
-- Mastercard Incorporated (NYSE: MA)
Last Price 242.50 - MAY 240.00 CALL OPTION@ $11.90 -> 4.1% Return
(82.7% Annualized) assigned*
-- Genentech Inc. (NYSE: DNA)
Last Price 73.16 - SEP 70.00 CALL OPTION@ $7.50 -> 6.6% Return
(16.8% Annualized) assigned*
-- Ingersoll-Rand Co. Ltd. (NYSE: IR)
Last Price 43.81 - SEP 42.50 CALL OPTION@ $4.30 -> 7.6% Return
(19.2% Annualized) assigned*
-- Macrovision Corp. (Nasdaq: MVSN)
Last Price 15.73 - OCT 15.00 CALL OPTION@ $2.25 -> 11.3% Return
(23.9% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Archer Daniels Midland, CBS Corp., and Corning Inc.
lead the list of companies with the most news stories while Trane
Inc. and Daimler AG are showing a spike in news. BP, Chevron, and
Taiwan Semiconductor have the highest srtIndex scores to top the
list of companies with positive news while Temple-Inland Inc. and
CDC Corp. lead the list of companies with negative news reports.
Royal Dutch Shell has popped up with a high positive news sraIndex
score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, with 5 of the 11 foreign
indices that we track in positive territory. The cumulative average
return on the collective stands at a gain of 0.07%. In Asian
trading, Shanghai-listed stocks were boosted on strong earnings
from Bank of China. Meanwhile, India's Sensex Index rallied more
than 2% after the Reserve Bank of India confirmed it wouldn't hike
its short-term interest rate, but will raise the cash reserve
ratio. Elsewhere, Satyam Computer Services (SAY) shares skyrocketed
after Finance Minister P. Chidambaram proposed a year's extension
of a tax-holiday plan for software exporters.
After 4 days in the black, shares across the pond in Europe were
mostly pressured lower by weaker-than-expected earnings from tire
titan Michelin and financial giant Deutsche Bank (DB). However, not
all stocks were in the red, as oil magnates BP (BP) and Royal Dutch
Shell (RDS) reported stronger-than-expected first-quarter earnings
as a result of higher oil prices.
The U.S. Dollar Index slipped to 72.58 on Monday, as traders were
cautious ahead of tomorrow's monetary policy decision from the
Federal Open Market Committee. Most Fed watchers are looking for a
25-basis point cut, but investors will be paying close attention to
the accompanying statement for clues as to whether more cuts are
likely or if the central bank will pause. Against this backdrop,
the dollar was down at 104.19 yen, while the euro was down at
$1.56.
Crude futures once again rallied to a new record high yesterday.
Investors took their cue from supply concerns spanning the globe
from Scotland to Nigeria. Oil workers at Ineos PLC's Grangemouth
refinery commenced a 2-day strike over the weekend, effectively
eliminating 40% of the U.K.'s daily crude production. Nigerian
workers at Mobil Producing Nigeria Unlimited also went on strike,
which put an 800,000-barrel per day crimp in Exxon Mobil's (XOM)
crude output. Finally, continuing tensions in the Persian Gulf and
from Nigerian rebels also ramped up supply concerns. By the close,
June-dated crude oil tacked on 23 cents to finish at $118.75 per
barrel, after earlier tapping a peak of $119.93 in overnight
trading.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,082,114 call contracts
traded on Monday, compared to 715,353 put contracts. The resultant
single-session put/call ratio fell to 0.66, while the 21-day moving
average dropped to 0.77.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Apr Consumer Confidence
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ACE 1.92
AG 0.47
ADM 0.70
ASH 0.68
AVP N/A
BMS 0.41
BMRN -0.05
BYD 0.32
BXP 1.11
BP N/A
BWLD 0.36
BNI 1.22
CBS N/A
CVG 0.27
GLW 0.42
CFC N/A
EQ 1.18
ESRX 0.67
FDP 1.02
GGP 0.74
HCP 0.57
LNC 1.30
MAS 0.21
MHS 0.53
ODP N/A
PNW 0.10
SPG 1.44
TSM 0.16
TE 0.21
MHP 0.23
TSCM 0.10
TT 0.34
UA 0.03
X 1.82
USU 0.08
VLO N/A
WMI 0.46
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