MORNING UPDATE: PriceWatch Alerts for GOOG and More... for 2009-09-01 |
| ------------------------------------------------------------------ New PriceWatch Alerts for GOOG, BAC, DIS, QCOM, and More... September 1, 8:30 AM EST - Before the open... PriceWatch Alerts for GOOG, BAC, DIS, QCOM, BBY, RRC, LUV, BIDU, BK, ANF, NDAQ, OXY, LVS, CEPH, and KBH, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for GOOG, BAC, DIS, QCOM, BBY, RRC, LUV, BIDU, BK, ANF, NDAQ, OXY, LVS, CEPH, and KBH PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Google Inc. (Nasdaq: GOOG) Last Price 461.67 - OCT 460.00 CALL OPTION@ $21.90 -> 4.6% Return (36.5% Annualized) assigned* -- Occidental Petroleum Corporation (NYSE: OXY) Last Price 73.10 - NOV 70.00 CALL OPTION@ $6.60 -> 5.3% Return (24.3% Annualized) assigned* -- Las Vegas Sands Corp. (NYSE: LVS) Last Price 14.26 - OCT 14.00 CALL OPTION@ $1.75 -> 11.9% Return (94.5% Annualized) assigned* -- Cephalon Inc. (Nasdaq: CEPH) Last Price 56.95 - NOV 55.00 CALL OPTION@ $4.40 -> 4.7% Return (21.5% Annualized) assigned* -- KB Home (NYSE: KBH) Last Price 18.21 - OCT 17.50 CALL OPTION@ $1.90 -> 7.3% Return (57.9% Annualized) assigned* -- Bank of America Corporation (NYSE: BAC) Last Price 17.59 - OCT 17.00 CALL OPTION@ $1.65 -> 6.6% Return (52.8% Annualized) assigned* -- Baidu, Inc. (Nasdaq: BIDU) Last Price 330.06 - OCT 330.00 CALL OPTION@ $22.90 -> 7.4% Return (59.0% Annualized) assigned* -- The Bank of New York Mellon Corporation (NYSE: BK) Last Price 29.61 - OCT 29.00 CALL OPTION@ $1.95 -> 4.8% Return (38.4% Annualized) assigned* -- Abercrombie & Fitch Co. (NYSE: ANF) Last Price 32.29 - OCT 32.00 CALL OPTION@ $2.30 -> 6.7% Return (53.2% Annualized) assigned* -- Nasdaq OMX Group Inc. (Nasdaq: NDAQ) Last Price 21.95 - DEC 21.00 CALL OPTION@ $2.40 -> 7.4% Return (24.8% Annualized) assigned* -- Walt Disney Co. (NYSE: DIS) Last Price 26.04 - OCT 26.00 CALL OPTION@ $1.20 -> 4.7% Return (37.1% Annualized) assigned* -- Qualcomm Inc. (Nasdaq: QCOM) Last Price 46.42 - OCT 46.00 CALL OPTION@ $2.44 -> 4.6% Return (36.4% Annualized) assigned* -- Best Buy Co. Inc. (NYSE: BBY) Last Price 36.28 - OCT 36.00 CALL OPTION@ $2.45 -> 6.4% Return (50.9% Annualized) assigned* -- Range Resources Corp. (NYSE: RRC) Last Price 48.37 - OCT 47.50 CALL OPTION@ $3.30 -> 5.4% Return (42.8% Annualized) assigned* -- Southwest Airlines Co. (NYSE: LUV) Last Price 8.18 - MAR 8.00 CALL OPTION@ $1.20 -> 14.6% Return (26.7% 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, Wal-Mart Stores, Motorola, and YRC Worldwide lead the list of companies with positive news, while SINA Corporation Biovail Corporation, and Alcatel-Lucent lead the list of companies with negative news. BHP Billiton, Research In Motion, and Petrobras Brasileiro were upgraded this morning, while Nokia, American Axle, and MetLife were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is weak this morning, as only four of the 10 foreign indexes that we track are in positive territory. The cumulative average return on the collective stands at a loss of 0.36%. In Asia, stocks in China climbed, bouncing back from Monday?s heavy losses, as economic data showing an expansion in manufacturing activity helped boost sentiment. Turning to Europe, regional indexes couldn't hold onto early gains this morning, with banks and metal stocks leading the way lower on the first day of September. Crude futures gravitated lower on Monday, as a sell-off in China ? the world's second-largest oil consumer ? weighed on hopes for a rebound in energy demand. Also pressuring black gold, Organization of Petroleum Exporting Countries (OPEC) member United Arab Emirates on Saturday said Abu Dhabi will increase crude supplies to Asia starting in October. The cartel is slated to review supply levels at its meeting Sept. 9 in Vienna. According to industry surveys, OPEC production has escalated in recent months, despite an agreement to curb output in late 2008. Against this backdrop, October-dated crude surrendered 3.8% to end at $69.96 per barrel, marking the first time the front-month contract has finished beneath the $70 level in two weeks. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,280,282 call contracts traded on Monday, compared to 807,0632 contracts. The resultant single-session put/call ratio arrived at 0.63, while the 21-day moving average held at 0.58. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $101.60 and resistance around $104.35. For the Nasdaq 100 (QQQQ), support is near $39.65 and resistance is around $41.10. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 10:00 a.m. Jul Construction Spending 10:00 a.m. Aug ISM Index 2:00 p.m. Aug Auto and Truck Sales EARNINGS EXPECTED TODAY (w/current estimates) -------------------- PIKE 0.07 TTWO -0.68 PAY 0.18 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 |
