MorningUpdate - Options Trading Email
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New PriceWatch Alerts for V, X, T, A, and D
May 12 - 8:30 AM EST - Before the open... PriceWatch Alerts for V,
X, T, A, and D, Market Overview, News Leaders and Laggards, and
Today's Economic Calendar.
New PriceWatch Alerts for V, X, T, A, and D
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Visa Inc. (NYSE: V)
Last Price 82.86 - JUN 80.00 CALL OPTION@ $7.40 -> 6.0% Return
(52.3% Annualized) assigned*
-- United States Steel Corp. (NYSE: X)
Last Price 171.12 - JUN 170.00 CALL OPTION@ $12.50 -> 7.2% Return
(62.3% Annualized) assigned*
-- AT&T Inc. (NYSE: T)
Last Price 38.59 - OCT 37.50 CALL OPTION@ $3.10 -> 5.7% Return
(12.8% Annualized) assigned*
-- Agilent Technologies Inc. (NYSE: A)
Last Price 31.90 - AUG 30.00 CALL OPTION@ $3.25 -> 4.7% Return
(17.5% Annualized) assigned*
-- Dominion Resources Inc. (NYSE: D)
Last Price 44.99 - OCT 45.00 CALL OPTION@ $2.30 -> 5.4% Return
(12.3% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, PMI Group, Sovereign Bancorp, and Sprint Nextel Corp.
lead the list of companies with the most news stories while News
Corporation and HSBC Holdings are showing a spike in news.
Quicksilver Resources Inc., Activision, and Boeing Company have the
highest srtIndex scores to top the list of companies with positive
news while MBIA Inc. and Imax Corp. lead the list of companies with
negative news reports. JA Solar Holdings Co. has popped up with a
high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, with 8 of the 11 foreign
indices that we track in positive territory. The cumulative average
return on the collective stands at a gain of 0.37%. In Asian
trading, Shanghai-listed shares were hit with losses early in the
trading session, after data revealed that China's inflation
accelerated in the month of April. However, most stocks ended up
recovering, as investors did a bit of bargain buying. Elsewhere,
banking stocks in Australia got a boost from reports that Westpac
Banking Corp. is in merger talks with St. George Bank. South Korean
and Hong Kong markets were closed for holiday.
Across the pond in Europe, stocks were moving higher, as investors
cheered the latest quarterly numbers from HSBC Holdings (HBC), the
continent's largest bank. Meanwhile, commodity-related stocks were
lifted on rising oil prices, with BP (BP) and Total (TOT) inching
more than 1.3% higher, respectively. Telecommunications firm
Telecom Italia (TI) jumped more than 2.5% higher in Italian
trading, lifted in part by an upgrade to "buy" from "hold" at
Deutsche Bank.
Crude futures continued to benefit from weakness in the U.S.
dollar, along with political tensions toward a key exporter. A
report suggested that the U.S. may soon be pressured to impose
sanctions on Venezuela – the country's president, Hugo Chavez, is
reported to be aiding the Revolutionary Armed Forces of Colombia.
Against this backdrop, June-dated crude surged $2.27 to close at
$125.96 per barrel – a gain of $9.64 for last week.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,169,676 call contracts
traded on Friday, compared to 816,790 put contracts. The resultant
single-session put/call ratio rose to 0.70, while the 21-day moving
average held at 0.70.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
2:00 p.m. Apr Treasury Budget
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
CLWR -0.95
DRL -0.44
FLR 1.27
HOC 0.15
JASO 0.11
MBI -0.19
MDR 0.54
MIVA -0.11
S 0.02
SPF -1.22
PMI -1.96
WINN 0.24
XMSR -0.39
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