MorningUpdate - Options Trading Email
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New PriceWatch Alerts for GS, FCX, AMZN, JNY, and BARE
May 5 - 8:30 AM EST - Before the open... PriceWatch Alerts for GS,
FCX, AMZN, JNY, and BARE, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for GS, FCX, AMZN, JNY, and BARE
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Goldman Sachs Group Inc. (NYSE: GS)
Last Price 200.27 - JUN 200.00 CALL OPTION@ $11.90 -> 6.2% Return
(47.9% Annualized) assigned*
-- Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Last Price 110.23 - JUN 105.00 CALL OPTION@ $11.00 -> 5.8% Return
(45.2% Annualized) assigned*
-- Amazon.com Inc. (Nasdaq: AMZN)
Last Price 77.31 - JUN 75.00 CALL OPTION@ $5.75 -> 4.8% Return
(37.3% Annualized) assigned*
-- Jones Apparel Group Inc. (NYSE: JNY)
Last Price 17.31 - AUG 17.50 CALL OPTION@ $1.50 -> 10.7% Return
(37.9% Annualized) assigned*
-- Bare Escentuals, Inc. (Nasdaq: BARE)
Last Price 20.73 - JUN 20.00 CALL OPTION@ $1.95 -> 6.5% Return
(50.4% Annualized) assigned*
*Annualized returns are shown for comparison purposes only
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, Chesapeake Utilities Corp., Acorda Therapeutics, and
Autodesk lead the list of companies with the most news stories
while Citizens Communications and Alpharma Inc. are showing a spike
in news. Microsoft, Yahoo, and Marvel Entertainment Inc. have the
highest srtIndex scores to top the list of companies with positive
news while Hovnanian Enterprises and Bank of America lead the list
of companies with negative news reports. Qwest Communications has
popped up with a high positive news sraIndex score.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is looking pretty rough this morning, as only 2 of
the 11 foreign indices that we track are in positive territory.
The cumulative average return on the collective stands at a gain of
0.11%. In Asian trading, stocks began the week on a positive note.
Resource stocks such as China's Zhongjin Gold as well as
Australia's BHP Billiton and Woodside Petroleum rallied sharply on
hopes that commodities prices may be supported by firm demand.
Markets in Japan and South Korea are closed for holiday.
Across the pond in Europe, stocks were broadly lower as investors
took a breather from last week's strong performance. Technology
stocks are leading the decline in the wake of the Microsoft/Yahoo!
debacle, with Ericsson and Alcatel-Lucent leading the pullback.
Elsewhere, Germany's Deutsche Telekom (DT) is reportedly looking to
bid on wireless carrier Sprint Nextel (S), according to the Wall
Street Journal.
The U.S. Dollar Index surged to 73.497 on Friday, as the greenback
got a boost from stronger-than-expected economic data. More
specifically, the U.S. currency was bolstered by the latest nonfarm
payrolls report, showing jobs in April declined much less than
economists predicted, and a 0.1% drop in the unemployment rate. The
euro bought $1.5428, down from $1.5257 late Thursday, while the
dollar was buying 105.31 yen, up from 104.35 yen late Thursday.
Oil prices were back up on Friday after Thursday's drop. June-dated
crude closed at $116.32 a barrel, up $3.80 for the day. The
contract was still unable to manage a positive week, as it lost
1.9%. Reformulated gasoline for June finished at $2.966 a gallon,
up 8.8 cents for the day but down 2.6% for the week.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,459,309 call contracts
traded on Friday, compared to 918,640 put contracts. The resultant
single-session put/call ratio jumped to 0.63, while the 21-day
moving average slipped to 0.74.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
The economic calendar is light today, with only the Institute for
Supply Management's services index on tap.
10:00 a.m. Apr ISM Services
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
APC 1.22
CECO 0.21
CZN 0.16
CMS 0.47
CLF 1.00
GG 0.43
FST 0.88
HOV N/A
HGSI -0.19
LF -0.48
MVL 0.43
MCK 1.00
PPC -0.81
TDC 0.25
PFG 0.98
VMC 0.56
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