MORNING UPDATE: PriceWatch Alerts for MDRX and More... for 2013-12-30 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for MDRX, BLK and More... December 30, 9:00 AM ET - PriceWatch Alerts for MDRX, BRK, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. PriceWatch Alerts for MDRX and BRK. Allscripts Healthcare (NASDAQ: MDRX) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $15.21 while selling the June 15 call will produce a new covered call with a break-even point around $13.96. At that price, this position has a target return of 7.4%. This trade will have roughly 8.2% downside protection, while still aiming for a 7.4% return in 173 days. It will lock in that return as long as MDRX is above $15 on 6/21/14. For comparison purposes only, this MDRX covered call aims for an annualized return rate of 15.7%. BlackRock (NYSE: BLK) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $316.38 while simultaneously selling the July 310 call will result in a new position with a target return of 5.7%. Based on recent prices, this position will cost about $293.30, which is also the trade?s breakeven point. At that level, this covered call has 7.3% downside protection, while still providing a 5.7% return in 201 days as long as BLK is above $310 on 07/19/14. For comparison purposes only, this BlackRock covered call aims for an annualized return rate of 10.4%. *Annualized returns are shown for comparison purposes only Are you looking for a more conservative strategy that solves the pitfalls that come with covered calls investing? Check out our RadioActive Home Study Kit (http://www.poweropt.com/psDetails.asp?pid=25)! Learn how to limit your risks in any trade and keep your upside open ? 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These are not recommendations to buy or sell any security. NEWS LEADERS AND LAGGARDS Crocs (CROX), Tina Solar (TSL) and Amarin (AMRN) are headed higher this morning, while Myriad Genetics (MYGN), Twitter (TWTR) and TD Ameritrade (AMTD) are headed lower. There were no major analyst upgrades or downgrades reported this morning. MARKET OVERVIEW Asian stock market exchanges were mostly higher overnight. The Taiwan TSEC rose 1.0%, while the Nikkei 225 added 0.7%.On the flip side, the Shanghai SEC and the Mumbai Sensex each lost 0.2%. Tomorrow will be a shortened session for many of the trading floors in Asia. In Europe, the major exchanges slid into red territory this morning with no large news pushing stocks in either direction. The FTSE 100 is down 0.4% at last check, while the Swiss Market Index was off 0.3%. The French CAC 40 and Euronex 100 were only down about 0.1%. In commodities trading this morning, crude oil futures are moving slightly lower with the front-month West Texas Intermediate contract back below $100 at $99.75, down 0.6%. Natural gas is up 1.6%, while heating oil and gasoline are both slightly lower. Gold and other metals are down today. The U.S. Dollar is weaker against the Euro but slightly higher versus the Yen, and Bitcoins are trading around $740. PUT/CALL RATIO Yesterday, 1,060,337 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 567,824 put contracts. The single-session put/call was 0.54, while the 20-day moving average is now at 0.55. SUPPORT & RESISTANCE LEVELS The S&P 500 Depository Receipts (SPY) ETF has support at $178 and is above resistance. The Nasdaq 100 (QQQ) has support at $84 and is above resistance. TODAY'S ECONOMIC CALENDAR 10:00 AM Nov Pending Home Sales EARNINGS EXPECTED TODAY PZE This Morning Update was prepared with data and information provided by: PowerOptionsPlus.com - The Best Way To Find, Compare, Analyze, and Make Money On Option Investments - Forbes Best of the Web Winner. InvestorsObserver -- Better Strategies for Making Money in Up, Down, and Flat Markets -> Get Started with InvestosObserver's 100% Free Essentials Service: http://www.poweropt.com/io All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions, taxes or our subscription fees which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in |
