MORNING UPDATE: PriceWatch Alerts for BAC and More... for 2010-01-12 |
| ------------------------------------------------------------------ New PriceWatch Alerts for BAC, LVS, LTD, EBAY, and More... June 22, 8:30 AM EST - Before the open... PriceWatch Alerts for BAC, LVS, LTD, EBAY, PWR, WFC, ORCL, AMZN, USB, LRCX, CAT, RIMM, MS, MRVL and AMR, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for BAC, LVS, LTD, EBAY, PWR, WFC, ORCL, AMZN, USB, LRCX, CAT, RIMM, MS, MRVL and AMR PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Bank of America Corporation (NYSE: BAC) Last Price 16.93 - MAY 16.00 CALL OPTION@ $2.01 -> 7.2% Return (20.3% Annualized) assigned* -- Las Vegas Sands Corp (NYSE: LVS) Last Price 18.36 - JUN 15.00 CALL OPTION@ $4.80 -> 10.6% Return (24.5% Annualized) assigned* -- Limited Brands Inc (NYSE: LTD) Last Price 20.46 - MAY 20.00 CALL OPTION@ $2.15 -> 9.2% Return (25.9% Annualized) assigned* -- EBay Inc (Nasdaq: EBAY) Last Price 23.45 - APR 23.00 CALL OPTION@ $1.76 -> 6.0% Return (23.2% Annualized) assigned* -- Quanta Services Inc (NYSE: PWR) Last Price 20.98 - MAY 20.00 CALL OPTION@ $2.20 -> 6.5% Return (18.2% Annualized) assigned* -- Wells Fargo and Company (NYSE: WFC) Last Price 28.80 - APR 28.00 CALL OPTION@ $2.37 -> 5.9% Return (22.8% Annualized) assigned* -- Oracle Corp (Nasdaq: ORCL) Last Price 24.69 - JUN 24.00 CALL OPTION@ $2.08 -> 6.1% Return (14.2% Annualized) assigned* -- Amazon.com (Nasdaq: AMZN) Last Price 130.31 - APR 120.00 CALL OPTION@ $17.25 -> 6.1% Return (23.6% Annualized) assigned* -- US Bancorp (NYSE: USB) Last Price 24.32 - JUN 23.00 CALL OPTION@ $2.63 -> 6.0% Return (14.0% Annualized) assigned* -- Lam Research Corp (Nasdaq: LRCX) Last Price 41.43 - JUN 40.00 CALL OPTION@ $4.65 -> 8.8% Return (20.2% Annualized) assigned* -- Caterpillar Inc (NYSE: CAT) Last Price 64.13 - MAY 32.50 CALL OPTION@ $5.40 -> 6.4% Return (18.0% Annualized) assigned* -- Research In Motion Ltd (Nasdaq: RIMM) Last Price 64.52 - JUN 60.00 CALL OPTION@ $9.45 -> 9.0% Return (20.7% Annualized) assigned* -- Morgan Stanley (NYSE: MS) Last Price 32.04 - APR 31.00 CALL OPTION@ $2.70 -> 5.7% Return (21.7% Annualized) assigned* -- Marvell Technology (Nasdaq: MRVL) Last Price 21.20 - MAY 20.00 CALL OPTION@ $2.80 -> 8.7% Return (24.4% Annualized) assigned* -- AMR Corp (NYSE: AMR) Last Price 8.05 - MAY 8.00 CALL OPTION@ $1.35 -> 19.6% Return (55.0% 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 this morning, H.J. Heinz (HNZ), Prudential (PRU), and Domino's Pizza(DPZ) lead the list of companies with positive news, while Alcoa (AA), KB Home (KBH), and Electronic Arts (ERTS) lead the list of companies with negative news. Under Armour (UA), Entergy (ETR) and O'Reilly Automotive (ORLY) were upgraded this morning, while Advance Auto Parts (AAP), Leap Wireless (LEAP), and New York & Co. (NWY) received downgrades. MARKET OVERVIEW--------------------------------------------------- Overseas trading in struggling this morning, as only three of the 10 foreign indexes that we track are in positive territory. In Asia, the various markets closed mixed, with Alcoa's disappointing earnings weighing on the region's materials shares. Software developers jumped in India after Infosys Technologies' better- than-expected quarterly results and improved profit forecast, though the broader market declined in volatile trading. Shares of shipping companies surged in Hong Kong as well as Shanghai after strong recent Chinese trade data. Turning to Europe, stocks dropped, weighed down by worries about growth in China and a less- than-impressive start to the U.S. earnings season. Oil producers and miners dropped as commodity futures fell amid worries about the prospects for economic growth in China. Crude futures bounced between positive and negative territory on Monday, as traders considered both bullish and bearish catalysts. Black gold initially moved higher, buoyed by weakness in the U.S. dollar, refinery troubles, and signs of rising demand from the Far East. Specifically, China's oil imports tagged a record high of 21.26 million metric tons in December, and a sabotage attempt by militants in Nigeria caused Chevron (CVX) to shut down 20,000 barrels per day in the Niger Delta. However, the front-month contract faltered as the trading day continued. Many forecasts are now calling for a so-called "January thaw," and warmer temperatures are expected to spread from the Great Plains to the Northeast by the end of the week -- putting a crimp in demand for heating oil. By the close, crude oil for February delivery gave up just 23 cents, or 0.28%, to finish at $82.52 per barrel. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,864,880 call contracts traded on Monday, compared to 905,193 put contracts. The resultant single-session put/call ratio arrived at 0.49, while the 21-day moving average held at 0.59. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $113.18 and resistance around $115.14. For the Nasdaq 100 (QQQQ), support is near $45.92 and resistance is around $46.64. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Trade balance November EARNINGS EXPECTED TODAY (w/current estimates) -------------------- KBH -0.42 LLTC 0.31 SVU 0.404 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 . 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