MORNING UPDATE: PriceWatch Alerts for INTC and More... for 2011-09-21 |
| ------------------------------------------------------------------ MORNING UPDATE: PriceWatch Alerts for INTC, XOM, MRK, and More... September 21, 8:30 AM EST - Before the open... PriceWatch Alerts for INTC, SWN, LMT, HUM, JAZZ, XOM, MRK, NTAP, XLNX, and CAG, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for INTC, SWN, LMT, HUM, JAZZ, XOM, MRK, NTAP, XLNX, and CAG PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Intel Corporation (Nasdaq: INTC) Last Price 22.20 - DEC 22.00 CALL OPTION@ $1.37 -> 5.6% Return (23.6% Annualized) assigned* -- Southwestern Energy Co. (NYSE: SWN) Last Price 38.70 - NOV 38.00 CALL OPTION@ $2.15 -> 6.9% Return (42.6% Annualized) assigned* -- Lockheed Martin Corporation (NYSE: LMT) Last Price 75.44 - NOV 75.00 CALL OPTION@ $3.60 -> 4.4% Return (27.2% Annualized) assigned* -- Humana Inc. (NYSE: HUM) Last Price 76.87 - NOV 75.00 CALL OPTION@ $5.50 -> 5.1% Return (31.5% Annualized) assigned* -- Jazz Pharmaceuticals, Inc. (Nasdaq: JAZZ) Last Price 46.80 - OCT 46.00 CALL OPTION@ $3.30 -> 5.7% Return (67.7% Annualized) assigned* -- Exxon Mobil Corporation (NYSE: XOM) Last Price 74.01 - JAN 72.50 CALL OPTION@ $5.50 -> 5.8% Return (17.4% Annualized) assigned* -- Merck & Co. Inc. (NYSE: MRK) Last Price 32.50 - JAN 31.00 CALL OPTION@ $2.70 -> 4.0% Return (12.0% Annualized) assigned* -- NetApp, Inc. (Nasdaq: NTAP) Last Price 35.26 - NOV 35.00 CALL OPTION@ $2.99 -> 8.5% Return (52.3% Annualized) assigned* -- Xilinx Inc. (Nasdaq: XLNX) Last Price 30.03 - NOV 30.00 CALL OPTION@ $1.54 -> 5.3% Return (32.9% Annualized) assigned* -- ConAgra Foods, Inc. (NYSE: CAG) Last Price 22.98 - MAR 23.00 CALL OPTION@ $1.30 -> 6.0% Return (12.4% 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----------------------------------------- Stocks pointed higher this morning include Adobe Systems (ADBE), Oracle Corp (ORCL) and Wynn Resorts (WYNN). Pointed lower this morning are Alpha Natural Resources (ANR), Peabody Energy (BTU) and Consol Energy (CNX). The list of upgrades this morning includes Whiting Petroleum (WLL), Northern Oil & Gas (NOG) and L?Oreal (LRLCY). Downgrades this morning include Jefferies Group (JEF), Cabela?s (CAB) and Pacific Biosciences (PACB). MARKET OVERVIEW--------------------------------------------------- Asian markets ended mostly higher today, despite a volatile session. Traders are looking forward to today's announcement from the U.S. Federal Reserve, with policymakers expected to unveil new stimulus measures to bolster the flagging economy. However, lingering concerns about the fiscal health of Europe continued to drag on banking shares, while Hong Kong's benchmark settled in the red amid heavy selling in property stocks. By the close, China's Shanghai Composite gained 2.7%, South Korea's Kospi added 0.9%, Japan's Nikkei rose 0.2%, and the Hong Kong Hang Seng shed 1%. On the other hand, European indexes are wallowing in red ink at midday. A lack of closure on the Greek situation is pressuring sentiment, after a series of conference calls between Finance Minister Evangelos Venizelos and European bailout officials failed to produce any measurable progress. With discussions on Greek aid slated to continue this weekend, traders seem resigned to finish out the week under a cloud of uncertainty. At midday, the German DAX is down 1.6%, France's CAC 40 has shed 1.3%, and London's FTSE 100 is off 0.9%. The greenback is muscling higher this morning, with the U.S. dollar index up 0.3% at last look. Elsewhere, crude oil futures have given back a healthy portion of Tuesday's gains, with the front-month contract down 77 cents, or 0.9%, at $86.15 per barrel. Meanwhile, gold futures are trading fractionally lower, with the malleable metal last seen in the $1,808.90-an-ounce vicinity. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 956,066 call contracts traded on Tuesday, compared to 604,554 put contracts. The resultant single-session put/call ratio arrived at 0.63, while the 21-day moving average was 0.70. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $118.70 and resistance above $122.00. For the Nasdaq 100 (QQQ), support is around $53.90 and resistance is near $57.35. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 7:00 a.m. 9/17 MBA Mortgage Index 10:00 a.m. Aug Existing Home Sales 10:30 a.m. 9/17 Crude Inventories 2:15 p.m. Sep FOMC Decision EARNINGS EXPECTED TODAY (w/current estimates) -------------------- BBBY GIS 0.62 RHT 0.25 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 -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $800, see: http://www.poweropt.com/io Seven Summits Investment Research is an independent investment research group focusing on the U.S. equities and options markets. Our unique set of analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best investment decisions possible. For more information go to www.SevenSummitsInvestmentResearch.com . CRD# 137114 Schaeffer's Investment Research - Market information that combines unique data with insightful commentary, enabling you to navigate in any market conditions and invest wisely http://www.poweropt.com/sirmmo 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 |
