MORNING UPDATE: PriceWatch Alerts for HD and More... for 2009-10-09 |
| ------------------------------------------------------------------ New PriceWatch Alerts for HD, POT, BIDU, HES, and More... October 9, 8:30 AM EST - Before the open... PriceWatch Alerts for HD, POT, BIDU, HES, ADBE, LLL, DHI, WLP, CSX, and CIEN, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for HD, POT, BIDU, HES, ADBE, LLL, DHI, WLP, CSX, and CIEN PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- The Home Depot, Inc. (NYSE: HD) Last Price 26.89 - JAN 26.00 CALL OPTION@ $2.12 -> 5.0% Return (18.3% Annualized) assigned* -- Potash Corp. of Saskatchewan, Inc. (NYSE: POT) Last Price 93.00 - NOV 90.00 CALL OPTION@ $6.80 -> 4.4% Return (39.2% Annualized) assigned* -- WellPoint Inc. (NYSE: WLP) Last Price 44.72 - DEC 40.00 CALL OPTION@ $6.65 -> 4.9% Return (25.4% Annualized) assigned* -- CSX Corp. (NYSE: CSX) Last Price 44.13 - NOV 44.00 CALL OPTION@ $2.80 -> 6.5% Return (57.5% Annualized) assigned* -- CIENA Corp. (Nasdaq: CIEN) Last Price 12.77 - JAN 12.50 CALL OPTION@ $1.75 -> 13.4% Return (49.5% Annualized) assigned* -- Baidu, Inc. (Nasdaq: BIDU) Last Price 412.67 - NOV 410.00 CALL OPTION@ $29.50 -> 7.0% Return (62.3% Annualized) assigned* -- Hess Corporation (NYSE: HES) Last Price 56.46 - NOV 55.00 CALL OPTION@ $4.20 -> 5.2% Return (46.7% Annualized) assigned* -- Adobe Systems Inc. (Nasdaq: ADBE) Last Price 34.33 - JAN 34.00 CALL OPTION@ $2.60 -> 7.2% Return (26.4% Annualized) assigned* -- L-3 Communications Holdings Inc. (NYSE: LLL) Last Price 76.25 - JAN 75.00 CALL OPTION@ $4.60 -> 4.7% Return (17.2% Annualized) assigned* -- DR Horton Inc. (NYSE: DHI) Last Price 11.54 - FEB 11.00 CALL OPTION@ $1.70 -> 11.8% Return (32.1% Annualized) assigned* *Annualized returns are shown for comparison purposes only What exactly is a Covered Call? 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NEWS LEADERS AND LAGGARDS----------------------------------------- So far this morning, Chevron Corporation, Research In Motion, and PetroChina lead the list of companies with positive news, while Infosys Technologies, Monsanto Company, and 99 Cents Only Stores lead the list of companies with negative news. Lam Research, Patriot Coal, and AK Steel were upgraded this morning, while Supervalu, Marriott, and Zimmer Holdings were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is mixed this morning, as half of the 10 foreign indexes that we track are in negative territory. The cumulative average return on the collective stands at a gain of 0.75%. In Asia, most of the major markets closed higher Friday. Turning to Europe, shares looked set to end a broadly positive week on a muted note. Miners shaved off some gains as gold futures backed away from recent highs. Crude oil caught a lift on Thursday, as traders cheered several positive fundamental developments, including the Labor Department's well-received unemployment report. In addition to jobless claims touching nine-month lows, commodity players were encouraged by the retail sector's respectable performance in September. Meanwhile, strength in the equities market reawakened investors' appetite for riskier assets, which translated to a down day for the U.S. dollar. These catalysts, along with Alcoa's upbeat earnings, helped oil futures shake off the ill effects of Wednesday's bearish inventory report. Crude oil for November delivery wrapped up the session on a gain of $2.12, or 3.05%, to finish at $71.69 per barrel. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,872,783 call contracts traded on Thursday, compared to 985,704 put contracts. The resultant single-session put/call ratio arrived at 0.53, while the 21-day moving average held at 0.60. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $102.60 and resistance around $107.15. For the Nasdaq 100 (QQQQ), support is near $40.75 and resistance is around $42.65. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Aug Trade Balance EARNINGS EXPECTED TODAY (w/current estimates) -------------------- CMN 0.22 INFY 0.50 MASC -0.05 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 risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling |
