MorningUpdate - Options Trading Email

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MORNING UPDATE: PriceWatch Alerts for M, CAR, RAX and More...

May 7, 8:30 AM EST - Before the open... PriceWatch Alerts for M, CAR, 
RAX, SGY, JAZZ, CHK, EA, MAR, JWN, and CCK, Market Overview, News 
Leaders and Laggards, Today's Economic Calendar, Support & Resistance 
Levels, and the Quote Of The Day.

New PriceWatch Alerts for M, CAR, RAX, SGY, JAZZ, CHK, EA, MAR, 
JWN, and CCK

PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- Macys (NYSE: M)
Last Price 40.98 - AUG 48.00 CALL OPTION@ $3.25 -> 27.2% Return 
(96.5% Annualized*) if assigned
-- Avis (Nasdaq: CAR)
Last Price 15.73 - AUG 14.00 CALL OPTION@ $2.75 -> 7.9% Return 
(27.8% Annualized*) if assigned
-- Rackspace (NYSE: RAX)
Last Price 57.96 - SEP 55.00 CALL OPTION@ $8.20 -> 10.5% Return 
(27.9% Annualized*) if assigned
-- Stone Energy (NYSE: SGY)
Last Price 25.27 - SEP 20.00 CALL OPTION@ $6.50 -> 6.6% Return 
(17.3% Annualized*) if assigned
-- Jazz Pharmaceuticals (Nasdaq: JAZZ)
Last Price 51.02 - SEP 46.00 CALL OPTION@ $8.00 -> 6.9% Return 
(18.3% Annualized*) if assigned

-- Chesapeake Energy (NYSE: CHK)
Last Price 17.39 - OCT 15.00 CALL OPTION@ $4.20 -> 13.7% Return 
(30.2% Annualized*) if assigned
-- Electronic Arts (Nasdaq: EA)
Last Price 15.15 - SEP 14.00 CALL OPTION@ $2.20 -> 8.1% Return 
(21.4% Annualized*) if assigned
-- Marriott International (NYSE: MAR)
Last Price 39.28 - OCT 38.00 CALL OPTION@ $3.60 -> 6.5% Return 
(14.3% Annualized*) if assigned
-- Nordstrom (NYSE: JWN)
Last Price 56.19 - OCT 55.00 CALL OPTION@ $4.40 -> 6.2% Return 
(13.6% Annualized*) if assigned
-- Crown Holdings (NYSE: CCK)
Last Price 36.25 - OCT 35.00 CALL OPTION@ $3.00 -> 5.3% Return 
(11.6% Annualized*) if assigned

*Annualized returns are shown for comparison purposes only

*For more details on these covered calls and how you can use them 
to enhance your portfolio performance, go to: 
http://www.iotogo.com/smart_inves_stra_4.asp

NOTE: All stocks and options shown are examples only. These are not 
recommendations to buy or sell any security.

NEWS LEADERS AND LAGGARDS-----------------------------------------
Stocks pointed higher this morning include Frontier Communications 
(FTR), Walt Disney (DIS) and Micron Technology (MU). Pointed lower 
this morning are Cognizant Technology (CTSH), American 
International Group (AIG) and Genworth Financial (GNW). Analyst 
upgrades today include Newell Rubbermaid (NWL), Genesee & Wyoming 
(GWR)and Lear Corp. (LEA). Analyst downgrades today include Alliant 
Energy (LNT), Arcos Dorados (ARC) and Murphy Oil (MUR). 

MARKET OVERVIEW---------------------------------------------------
Stocks in Asia ended broadly lower today, as traders were rattled 
by the outcomes of key euro-zone elections over the weekend. In 
both France and Greece, voters removed incumbent politicians who 
had supported unpopular austerity measures -- throwing new doubts 
on the fiscal future of the debt-burdened region. Additionally, 
investors had a chance to respond to weak U.S. jobs data, which 
sparked Friday's sell-off on Wall Street. By the close, Japan's 
Nikkei lost 2.8%, Hong Kong's Hang Seng gave up 2.6%, South Korea's 
Kospi fell 1.6%, and China's Shanghai Composite closed fractionally 
lower. Greece is the most pressing concern in Europe at midday, as 
the defeat of French President Nicolas Sarkozy had been telegraphed 
by preliminary election results. The two political parties that 
helped Greece secure a euro-zone bailout saw their voter support 
weaken considerably, suggesting that the country may be veering 
closer toward a disorderly bankruptcy. At last check, the German 
DAX is down 0.6%, and the French CAC 40 has advanced 0.1%. Markets 
in the U.K. are closed for holiday.

The U.S. dollar index is up this morning, with the greenback last 
seen 0.2% higher at $79.68. Crude oil continues to retreat further 
from the century mark, with crude for June delivery down 0.7% at 
$97.77 per barrel. Gold futures are down, as well, with the 
malleable metal 0.2% lower at $1,641.90 an ounce.

PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE) 
saw 1,241,729 call contracts traded on Friday, compared to 890,300 
put contracts. The resultant single-session put/call ratio arrived 
at 0.72, while the 21-day moving average was 0.64.

SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood 
of $135.94 with resistance near $140.46. The Nasdaq 100 (QQQ) has 
shown support around $64.30 and resistance around $67.63.

TODAY'S ECONOMIC CALENDAR ----------------------------------------
3:00 p.m.   March    Consumer Credit

EARNINGS EXPECTED TODAY ------------------------------------------
CTSH
DNB
FTR
PBI
SYY
TSN
WYNN