MORNING UPDATE: PriceWatch Alerts for CVX and More... for 2009-11-20 |
| ------------------------------------------------------------------ New PriceWatch Alerts for CVX, AA, BMY, GFI, and More... November 20, 8:30 AM EST - Before the open... PriceWatch Alerts for CVX, AA, BMY, GFI, MRO, MU, WFMI, TEX, NVLS, and HST, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for CVX, AA, BMY, GFI, MRO, MU, WFMI, TEX, NVLS, and HST PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Chevron Corp. (NYSE: CVX) Last Price 77.34 - MAR 75.00 CALL OPTION@ $5.65 -> 4.6% Return (14.0% Annualized) assigned* -- Bristol-Myers Squibb Co. (NYSE: BMY) Last Price 24.03 - MAR 24.00 CALL OPTION@ $1.09 -> 4.6% Return (14.1% Annualized) assigned* -- Gold Fields Ltd. (NYSE: GFI) Last Price 14.68 - APR 14.00 CALL OPTION@ $2.20 -> 12.2% Return (30.0% Annualized) assigned* -- Novellus Systems, Inc. (Nasdaq: NVLS) Last Price 20.89 - MAR 20.00 CALL OPTION@ $2.35 -> 7.9% Return (24.0% Annualized) assigned* -- Host Hotels & Resorts Inc. (NYSE: HST) Last Price 10.16 - APR 10.00 CALL OPTION@ $1.45 -> 14.8% Return (36.5% Annualized) assigned* -- Alcoa, Inc. (NYSE: AA) Last Price 13.22 - APR 13.00 CALL OPTION@ $1.73 -> 13.1% Return (32.4% Annualized) assigned* -- Marathon Oil Corporation (NYSE: MRO) Last Price 33.33 - JAN 33.00 CALL OPTION@ $2.00 -> 5.3% Return (34.1% Annualized) assigned* -- Micron Technology Inc. (NYSE: MU) Last Price 7.12 - APR 7.00 CALL OPTION@ $1.15 -> 17.3% Return (42.5% Annualized) assigned* -- Whole Foods Market, Inc. (Nasdaq: WFMI) Last Price 26.97 - JAN 26.00 CALL OPTION@ $2.29 -> 5.3% Return (34.2% Annualized) assigned* -- Terex Corp. (NYSE: TEX) Last Price 21.10 - DEC 21.00 CALL OPTION@ $1.40 -> 6.6% Return (83.1% 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, J.M. Smucker and The Dress Barn, Inc. lead the list of companies with positive news, while D.R. Horton, Dell Inc., and Intuit Inc. lead the list of companies with negative news. Dillard's, Vulcan Materials, and Liberty Media were upgraded this morning, while CSX Corp., F5 Networks, and Dominion were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading looks sickly this morning, as only one of the 10 foreign indexes that we track are in positive territory. The cumulative average return on the collective stands at a loss of 0.41%. In Asia, most markets closed lower as technology shares sagged after their U.S. peers took a beating, while an overnight pullback in commodity prices weighed down resource stocks. Turning to Europe, shares pulled back after making some early gains in the session. Crude futures finished in the red for the first time in four sessions on Thursday, thanks to a rebound in the dollar and fresh demand-related concerns. More specifically, the government's report that first-time filings for unemployment benefits remained at uncomfortably elevated levels last week sparked fears that domestic energy demand could remain weak. What's more, the latest oil statistics from China failed to boost black gold, after the world's second largest oil consumer said demand for petroleum rose 10.2% in October, compared to the period a year ago. As a result, January- dated crude surrendered $2.05, or 2.56%, to settle at $78.05 per barrel. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,403,722 call contracts traded on Thursday, compared to 1,028,342 put contracts. The resultant single-session put/call ratio arrived at 0.73, while the 21-day moving average rose to 0.63. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $108.75 and resistance around $111.45. For the Nasdaq 100 (QQQQ), support is near $43.55 and resistance is around $44.60. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 4:00 p.m. Nov Options Expiration EARNINGS EXPECTED TODAY (w/current estimates) -------------------- DHI -0.24 SJM 1.04 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 |
