MorningUpdate - Options Trading Email
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MORNING UPDATE: PriceWatch Alerts for LEH and More.......

MorningUpdate - Options Trading Email

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New PriceWatch Alerts for LEH, X, BBY, CF, and CENX

April 8 - 8:30 AM EST - Before the open... PriceWatch Alerts for 
LEH, X, BBY, CF, and CENX, Market Overview, News Leaders and 
Laggards, and Today's Economic Calendar.
 
New PriceWatch Alerts for LEH, X, BBY, CF, and CENX
 
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- 
-- Lehman Brothers Holdings Inc. (NYSE: LEH) 
Last Price 43.67 - MAY 40.00 CALL OPTION@ $5.95 -> 6.0% Return 
(56.6% Annualized) assigned*
-- Best Buy Co. Inc. (NYSE: BBY)
Last Price 145.55 - MAY 145.00 CALL OPTION@ $11.20 -> 7.9% Return 
(74.2% Annualized) assigned*
-- Best Buy Co. Inc. (NYSE: BBY) 
Last Price 42.19 - MAY 42.50 CALL OPTION@ $1.80 -> 5.2% Return 
(48.9% Annualized) assigned*
-- CF Industries Holdings, Inc. (NYSE: CF)
Last Price 131.02 - MAY 130.00 CALL OPTION@ $12.30 -> 9.5% Return 
(88.9% Annualized) assigned*
-- Century Aluminum Co. (Nasdaq: CENX) 
Last Price 70.87 - MAY 70.00 CALL OPTION@ $5.40 -> 6.9% Return 
(64.8% Annualized) assigned*
 
*Annualized returns are shown for comparison purposes only
 
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Boeing, Charlotte Russe Holding, and Qualcomm lead 
the list of companies with the most news stories while Hewlett-
Packard Company and Motorola are showing a spike in news. St. Jude 
Medical Inc., Imclone Systems, and Morgan Stanley have the highest 
srtIndex scores to top the list of companies with positive news 
while Circuit City Stores and FormFactor lead the list of companies 
with negative news reports. Citigroup has popped up with a high 
positive news sraIndex score.

MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed so far today, with eight of nine 
reporting Asian/Pacific markets down and five of nine reporting 
European markets up. The India BSE 30 is up 1.30% and the MIBTel is 
up 0.32%, while the Madrid General is down 0.50% and the China 
Shanghai Composite is down 5.50%.

In futures, energy interests are mostly slightly lower this 
morning. Crude oil is down 0.29 to 108.21 and heating oil and 
gasoline are following suit. Natural gas however is up 0.15 or 1.5% 
to 9.85. In metals, gold, silver, and platinum are all lower so 
far, but copper is putting in a positive showing.

TODAY'S ECONOMIC CALENDAR ----------------------------------------
10:00 a.m.    Feb    Wholesale Investment
10:30 a.m.    4/05   Crude Inventories

EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BBBY  0.65
CC   -0.07
PGR   0.29