MorningUpdate - Options Trading Email
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New PriceWatch Alerts for GS, AMAT, DELL, BIDU, and More...
April 8 - 8:30 AM EST - Before the open... PriceWatch Alerts for
GS, AMAT, DELL, BIDU, BK, SGP, CHK, STLD, BG, and APA, Market
Overview, News Leaders and Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for GS, AMAT, DELL, BIDU, BK, SGP, CHK, STLD,
BG, and APA
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Goldman Sachs Group Inc. (NYSE: GS)
Last Price 178.73 - MAY 175.00 CALL OPTION@ $11.40 -> 4.6% Return
(41.8% Annualized) assigned*
-- Applied Materials Inc. (Nasdaq: AMAT)
Last Price 20.19 - MAY 20.00 CALL OPTION@ $1.20 -> 5.3% Return
(48.5% Annualized) assigned*
-- Dell Inc. (Nasdaq: DELL)
Last Price 19.23 - AUG 19.00 CALL OPTION@ $1.87 -> 9.4% Return
(26.3% Annualized) assigned*
-- Bunge Ltd. (NYSE: BG)
Last Price 102.87 - MAY 100.00 CALL OPTION@ $9.60 -> 7.2% Return
(65.8% Annualized) assigned*
-- Apache Corp. (NYSE: APA)
Last Price 128.60 - MAY 125.00 CALL OPTION@ $8.80 -> 4.3% Return
(39.6% Annualized) assigned*
-- Baidu.com, Inc. (Nasdaq: BIDU)
Last Price 300.00 - APR 300.00 CALL OPTION@ $15.20 -> 5.3% Return
(162.3% Annualized) assigned*
-- Bank of New York Mellon Corporation (NYSE: BK)
Last Price 43.37 - MAY 42.50 CALL OPTION@ $2.80 -> 4.8% Return
(43.4% Annualized) assigned*
-- Schering-Plough Corp. (NYSE: SGP)
Last Price 16.76 - AUG 15.00 CALL OPTION@ $2.85 -> 7.8% Return
(21.8% Annualized) assigned*
-- Chesapeake Energy Corp. (NYSE: CHK)
Last Price 47.03 - MAY 47.50 CALL OPTION@ $2.05 -> 5.6% Return
(51.1% Annualized) assigned*
-- Steel Dynamics Inc. (Nasdaq: STLD)
Last Price 37.38 - MAY 37.50 CALL OPTION@ $2.70 -> 8.1% Return
(74.2% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Intel, Alcatel-Lucent, and Amdocs Ltd. lead the list
of companies with the most news stories while Converted Organics
and Chattem Inc. are showing a spike in news. AU Optronics Corp.,
Advanced Micro Devices, and Northern Savings have the highest
srtIndex scores to top the list of companies with positive news
while Bristol-Myers Squibb Co. and Goldman Sachs lead the list of
companies with negative news reports. STMicroelectronics N.V. has
popped up with a high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is rather bleak this morning, with only 3 of the
11 foreign indices that we track in positive territory. In Asia,
stocks are lower in response to the U.S.'s somewhat bleak start to
the first-quarter earnings season. The Nikkei 225 Index closed with
a triple-digit loss, or 1.49%, while South Korea's KOSPI Index
finished 1.06% lower ahead of tomorrow's parliamentary elections.
The Shanghai Composite was the lone Asian index in the black,
closing with a gain of 0.36%.
Across the pond in Europe, things weren't much prettier, as chip
makers were led lower in the wake of profit warnings from Novellus,
TomTom, and Advanced Micro Devices . Adding to the tech-sector woes
was Credit Suisse, downgrading Infeneon to "neutral" from
"outperform" while cutting its targets on STMicroelectronics (STM).
Meanwhile, home prices in Britain fell 2.5% in March, marking the
biggest one-month drop in 16 years. What's more, home prices grew
only 1.1% in March, according to the Halifax House Price Index,
marking the lowest rate of annual growth in 12 years.
Gold futures followed up Friday's modest gain with a 1.5% advance
yesterday. A relative lack of economic news during the course of
the session resulted in a mild uptick for the U.S. dollar, but
metals soared across the board as investors rushed into the
commodities market. Copper, silver, platinum and palladium all
closed higher, with June-dated gold jumping $13.60 to finish the
day at $926.80 an ounce.
Crude for May delivery added $2.86, or nearly 3%, to close at
$109.09 per barrel. OPEC Secretary General Abdullah al-Badri helped
impart some upside pressure to black gold, as the cartel official
stated that "there is enough oil in the market and no need to
change OPEC's output." Other commodities were also on the rise due
to expectations that the U.S. Federal Reserve will cut interest
rates again to after Friday's disappointing U.S. employment data.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,260,847 call contracts
traded on Monday, compared to 934,763 put contracts. The resultant
single-session put/call ratio dropped sharply to 0.74 while the 21-
day moving average slipped to 0.86.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m. Feb Pending Home Sales
2:00 p.m. 3/18 FOMC minutes
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ZZ 0.11
CHTT 0.97
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