MorningUpdate - Options Trading Email
Dear [FIRST_NAME]:
You received this alert as part of your subscription to one of the
PowerOptions products.
It's one of the PriorityONE benefits included with our service.
As always, if you have any questions feel free to email us at
support@poweropt.com or call 877-992-7971.
------------------------------------------------------------------
New PriceWatch Alerts for EMC, POT, TXN, CRM, DPS
May 15 - 8:30 AM EST - Before the open... PriceWatch Alerts for
EMC, POT, TXN, CRM, DPS, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for EMC, POT, TXN, CRM, DPS
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- EMC Corporation (NYSE: EMC)
Last Price 16.68 - OCT 17.00 CALL OPTION@ $1.37 -> 11.0% Return
(25.8% Annualized) assigned*
-- Potash Corp. of Saskatchewan, Inc. (NYSE: POT)
Last Price 198.80 - JUN 200.00 CALL OPTION@ $11.80 -> 7.0% Return
(68.8% Annualized) assigned*
-- Texas Instruments Inc. (NYSE: TXN)
Last Price 30.45 - JUL 30.00 CALL OPTION@ $1.60 -> 4.0% Return
(22.4% Annualized) assigned*
-- Salesforce.com (NYSE: CRM)
Last Price 69.40 - JUN 65.00 CALL OPTION@ $8.00 -> 5.9% Return
(57.8% Annualized) assigned*
-- Dr Pepper Snapple Group, Inc. (NYSE: DPS)
Last Price 26.17 - AUG 25.00 CALL OPTION@ $2.20 -> 4.3% Return
(16.9% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
What exactly is a Covered Call? What are the risks, benefits, and
requirements? If you are asking yourself these questions, the
answers you seek lie in :Covered Calls: Aggressive Strategy for the
Conservative Investor: (http://www.poweropt.com/107/). This
educational kit, written by the founders of PowerOptions, will
teach you the ins and outs of the Covered Call Strategy. PLUS, it
comes with two free months of PowerOptions AND a 30 day risk free
guarantee!
Can you back test these strategies? Yes, you can! PowerOptions
offers a full back testing screener, SmartHistoryXL, to its
subscribers. Back test over 20 different options strategies using
your personal search criteria. Check out PowerOptions
SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-
instructions.asp) and start back testing today!
NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, J. C. Penney Co., Sepracor Inc., and CBS Corp. lead
the list of companies with the most news stories while E-House
(China) Holdings Limited and Yingli Green Energy are showing a
spike in news. Sina Corporation, Eastman Chemical Company, and CNET
Networks Inc. have the highest srtIndex scores to top the list of
companies with positive news while Barclays PLC and Broadcom Corp.
lead the list of companies with negative news reports. Nokia Corp.
has popped up with a high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed this morning, with 6 of the 11 foreign
indices that we track in positive territory. The cumulative average
return on the collective stands at a gain of 0.44%. In Asian
trading, shares of Sony (SNE) lifted Tokyo markets after the
electronics titan yesterday posted stronger-than-expected earnings.
Other Japanese exports, including Toyota Motor (TM), rallied on the
news as well. Elsewhere, a day after the shares of BHP Billiton
(BHP) surged higher, the stock dropped 1.9% in Australian trading
on fears that the mining giant could up the ante on its bid for
rival Rio Tinto (RTP).
Across the pond in Europe, most indices were lower or hovering near
breakeven after a plethora of banks stepped into the earnings
confessional. More specifically, British lender Barclays (BCS) lost
more than 3.5% after reporting declining first-quarter profit,
while Credit Agricole fell nearly 1% in France after revealing a
66% decline in quarterly earnings. Elsewhere, French media mogul
Vivendi jumped more than 5% higher after disclosing stronger-than-
expected first-quarter numbers. Outside of the earnings spotlight,
German gross domestic product grew 1.5% from the quarter prior –
the strongest reading in 12 years.
The Energy Information Administration reported yesterday that crude
inventories rose to 325.8 million barrels, up 200,000 barrels, last
week. Supplies have now increased a total of 12.1 million barrels
over the course of 4 weeks. The report pressured crude-oil
futures, with the July contract dropping $1.48, or 1.18%, to
$124.11 per barrel.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,635,274 call contracts
traded on Wednesday, compared to 1,017,246 put contracts. The
resultant single-session put/call ratio rose to 0.62, while the 21-
day moving average dropped to 0.66.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. 5/10 Initial Claims
8:30 a.m. May Empire State Index
9:00 a.m. Mar Net Foreign Purchases
9:15 a.m. Apr Capacity Utilization & Industrial Production
10:00 a.m. May Philadelphia Fed
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ADSK 0.48
BMC 0.51
CPWR 0.21
GA 0.16
JCP 0.50
KSS 0.44
JWN 0.49
BX 0.13
URBN 0.23
|
