MORNING UPDATE: PriceWatch Alerts for BAC and More... for 2010-02-24 |
| ------------------------------------------------------------------ New PriceWatch Alerts for BAC, HPQ, RIMM, MHS, and More... February 23, 8:30 AM EST - Before the open... PriceWatch Alerts for BAC, HPQ, RIMM, MHS, HK, TCK, RCL, POT, AUY, PSA, BEXP, BA, LLY, RDC, and TXRH, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for BAC, HPQ, RIMM, MHS, HK, TCK, RCL, POT, AUY, PSA, BEXP, BA, LLY, RDC, and TXRH PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Bank of America Corporation (NYSE: BAC) Last Price 15.94 - MAY 16.00 CALL OPTION@ $1.11 -> 7.9% Return (33.1% Annualized) assigned* -- Boeing Co. (NYSE: BA) Last Price 62.77 - MAY 62.50 CALL OPTION@ $3.65 -> 5.7% Return (24.0% Annualized) assigned* -- Eli Lilly & Co. (NYSE: LLY) Last Price 33.96 - JUL 33.00 CALL OPTION@ $2.25 -> 4.1% Return (10.4% Annualized) assigned* -- Rowan Companies Inc. (NYSE: RDC) Last Price 24.50 - JUL 22.50 CALL OPTION@ $3.50 -> 7.1% Return (18.2% Annualized) assigned* -- Texas Roadhouse Inc. (Nasdaq: TXRH) Last Price 13.86 - SEP 15.00 CALL OPTION@ $1.00 -> 16.6% Return (29.5% Annualized) assigned* -- Hewlett-Packard Company (NYSE: HPQ) Last Price 50.12 - MAY 50.00 CALL OPTION@ $2.37 -> 4.7% Return (19.8% Annualized) assigned* -- Potash Corp. of Saskatchewan, Inc. (NYSE: POT) Last Price 110.18 - MAR 112.00 CALL OPTION@ $4.60 -> 4.2% Return (63.7% Annualized) assigned* -- Yamana Gold, Inc. (NYSE: AUY) Last Price 10.12 - JUL 10.00 CALL OPTION@ $1.24 -> 12.6% Return (32.2% Annualized) assigned* -- Public Storage (NYSE: PSA) Last Price 80.33 - JUN 80.00 CALL OPTION@ $4.30 -> 5.2% Return (16.6% Annualized) assigned* -- Brigham Exploration Co. (Nasdaq: BEXP) Last Price 15.55 - APR 15.00 CALL OPTION@ $1.60 -> 7.5% Return (52.8% Annualized) assigned* -- Research In Motion Ltd. (Nasdaq: RIMM) Last Price 68.42 - APR 65.00 CALL OPTION@ $6.45 -> 4.9% Return (34.3% Annualized) assigned* -- MedcoHealth Solutions Inc. (NYSE: MHS) Last Price 62.40 - JUL 60.00 CALL OPTION@ $5.40 -> 5.3% Return (13.4% Annualized) assigned* -- Petrohawk Energy Corporation (NYSE: HK) Last Price 21.00 - MAR 21.00 CALL OPTION@ $1.05 -> 5.3% Return (80.0% Annualized) assigned* -- Teck Resources Limited (NYSE: TCK) Last Price 36.44 - MAR 36.00 CALL OPTION@ $2.00 -> 4.5% Return (68.9% Annualized) assigned* -- Royal Caribbean Cruises Ltd. (NYSE: RCL) Last Price 25.78 - APR 25.00 CALL OPTION@ $1.95 -> 4.9% Return (34.5% 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 this morning, Toll Brothers (TOL), J.M. Smucker (SJM), and The TJX Companies (TJX) lead the list of companies with positive news, while STEC, Inc. (STEC), Century Aluminum (CENX), and Verigy (VRGY) lead the list of companies with negative news. FPL Group (FPL), Autodesk (ADSK), FMC Technologies (FTI) were upgraded this morning, while Banco Santander (STD) and Noble Energy (NE) received downgrades. MARKET OVERVIEW--------------------------------------------------- Overseas trading is weak this morning, as only three of the 10 foreign indexes that we track are in positive territory. The cumulative average return on the collective stands at a loss of 0.30%. In Asia, stocks retreated as surprise drops in U.S. consumer confidence and German business sentiment fueled fears about the strength of the global economic recovery. China implemented fresh measures to clamp down on excessive bank lending, which it fears could create destabilizing asset bubbles. Turning to Europe, stocks fell for a third consecutive session as investors awaited congressional testimony from U.S. Federal Reserve Chairman Ben Bernanke. With focus turned toward Bernanke's testimony, the U.S. dollar is trading mixed heading into the open. Specifically, the U.S. Dollar Index was down 0.18% at 80.71 at last check, reversing some of yesterday's strength. However, commodities have been unable to capitalize on the weaker greenback. For instance, crude futures are down 0.44% at $78.51 per barrel. What's more, gold futures have plunged $10.10 to trade at $1,093.10 an ounce in London. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,182,131 call contracts traded on Tuesday, compared to 898,105 put contracts. The resultant single-session put/call ratio arrived at 0.76, while the 21-day moving average held at 0.68. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $106.10 and resistance around $111.60. For the Nasdaq 100 (QQQQ), support is near $42.75 and resistance is around $45.05. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 10:00 a.m. Jan New Home Sales 10:30 a.m. 2/19 Crude Futures EARNINGS EXPECTED TODAY (w/current estimates) -------------------- AMT 0.18 BBI -0.12 DLTR 1.43 ESRX 0.90 FLS 1.87 FTR 0.15 HCN 0.75 SJM 1.05 LTD 0.98 GAS 1.03 NU 0.41 RRD 0.43 CRM 0.15 TJX 0.91 WPO 3.21 RIG 2.56 ZLC 0.02 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.com -- 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 |
