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 IBM, KO, QCOM, SNE, and HOLX
May 8 - 8:30 AM EST - Before the open... PriceWatch Alerts for IBM,
KO, QCOM, SNE, and HOLX, Market Overview, News Leaders and
Laggards, and Today's Economic Calendar.
New PriceWatch Alerts for IBM, KO, QCOM, SNE, and HOLX
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- International Business Machines Corp. (NYSE: IBM)
Last Price 124.14 - JUL 125.00 CALL OPTION@ $4.70 -> 4.7% Return
(23.6% Annualized) assigned*
-- Coca-Cola Co. (NYSE: KO)
Last Price 57.03 - AUG 57.50 CALL OPTION@ $2.10 -> 4.7% Return
(17.1% Annualized) assigned*
-- QUALCOMM Inc. (Nasdaq: QCOM)
Last Price 43.54 - JUL 42.50 CALL OPTION@ $2.92 -> 4.6% Return
(23.5% Annualized) assigned*
-- Sony Corp. (NYSE: SNE)
Last Price 46.22 - JUL 45.00 CALL OPTION@ $3.40 -> 5.1% Return
(25.8% Annualized) assigned*
-- Hologic Inc. (Nasdaq: HOLX)
Last Price 22.62 - JUN 22.50 CALL OPTION@ $1.40 -> 6.0% Return
(50.0% 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, McDonalds, Dillards, and Childrens Place Retail lead
the list of companies with the most news stories while
AbitibiBowater Inc. and Big Lots, Inc. are showing a spike in news.
Urban Outfitters, Inc., Eagle Bulk Shipping Inc., and Bebe Stores
Inc. have the highest srtIndex scores to top the list of companies
with positive news while RH Donnelley Corp. and Celgene lead the
list of companies with negative news reports. Costco Wholesale
Corp. has popped up with a high positive news sraIndex scorE.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is looking pretty dour this morning, as only 1 of
the 11 foreign indices that we track is in positive territory. The
cumulative average return on the collective stands at a loss of
0.29%. In Asian, stocks closed mostly lower, with Tokyo's Nikkei
225 Average led lower by export stocks such as Sony. Elsewhere,
Australia's benchmark index shrugged off a weak start to close in
positive territory after energy stocks such as Santos rallied amid
record oil prices.
Across the pond in Europe, stocks were trading broadly lower ahead
of interest rate decisions from both the Bank of England and the
European Central Bank. The Bank of England has already weighed in,
and held rates steady at 5%. Amid the oil-induced declines,
Unilever is standing out. The stock is up more than 4.3% after
reporting that first-quarter net profit rose 39% to 1.4 billion
euros.
Crude oil sailed to a new record high of $123.75 per barrel
yesterday, as the market shrugged off strength in the dollar and a
massive week-over-week increase in crude inventories. Instead,
traders chose to focus on a mild decline in refinery utilization.
While black gold turned lower in the immediate aftermath of the
report – falling as low as $119.90 per barrel – crude oil quickly
recouped its losses and sailed to new heights through the
afternoon. By the close, crude for June delivery was sitting on a
gain of $1.69 per barrel at $123.53.
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the CBOE saw 1,531,073 call contracts
traded on Wednesday, compared to 1,021,752 put contracts. The
resultant single-session put/call ratio jumped to 0.67, while the
21-day moving average inched lower to 0.71.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. 5/3 Initial Claims
10:00 a.m. Mar Wholesale Inventories
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ABH -2.60
AIG -0.76
AGO 0.65
BRL 0.78
BR 0.24
CPKI 0.07
CELG 0.34
DYN 0.05
EIX 0.92
EP 0.30
FMD -0.36
FIG 0.14
JAH 0.20
KG 0.35
LEAP -0.02
NVDA 0.38
OCR 0.35
PDLI 0.08
POM 0.35
PGN 0.63
PSA 1.24
SBH 0.07
SIX -1.48
TDC 0.25
TM 2.21
TRMP -0.42
VRSN 0.20
VMED -0.57
|
