MORNING UPDATE: PriceWatch Alerts for JPM and More... for 2009-08-10 |
| ------------------------------------------------------------------ New PriceWatch Alerts for JPM, MRK, HPQ, CME, and More... August 10, 8:30 AM EST - Before the open... PriceWatch Alerts for JPM, MRK, HPQ, CME, GG, KG, MAN, AEO, PAYX, and CE, Market Overview, News Leaders and Laggards, Today's Economic Calendar, and Index Support & Resistance Levels. New PriceWatch Alerts for JPM, MRK, HPQ, CME, GG, KG, MAN, AEO, PAYX, and CE PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- JPMorgan Chase & Co. (NYSE: JPM) Last Price 42.36 - SEP 41.00 CALL OPTION@ $3.00 -> 4.2% Return (38.0% Annualized) assigned* -- Merck & Co. Inc. (NYSE: MRK) Last Price 30.10 - OCT 30.00 CALL OPTION@ $1.55 -> 5.1% Return (27.3% Annualized) assigned* -- American Eagle Outfitters Inc. (NYSE: AEO) Last Price 15.59 - NOV 15.00 CALL OPTION@ $1.80 -> 8.8% Return (31.7% Annualized) assigned* -- Paychex Inc. (Nasdaq: PAYX) Last Price 27.80 - DEC 27.50 CALL OPTION@ $1.85 -> 6.0% Return (16.6% Annualized) assigned* -- Celanese Corp. (NYSE: CE) Last Price 27.39 - DEC 25.00 CALL OPTION@ $4.20 -> 7.8% Return (21.7% Annualized) assigned* -- Hewlett-Packard Company (NYSE: HPQ) Last Price 43.54 - NOV 42.50 CALL OPTION@ $3.30 -> 5.6% Return (20.3% Annualized) assigned* -- CME Group Inc. (Nasdaq: CME) Last Price 285.97 - SEP 280.00 CALL OPTION@ $19.20 -> 5.0% Return (45.3% Annualized) assigned* -- Goldcorp Inc. (NYSE: GG) Last Price 37.25 - SEP 37.00 CALL OPTION@ $2.50 -> 6.5% Return (59.1% Annualized) assigned* -- King Pharmaceuticals Inc. (NYSE: KG) Last Price 10.22 - JAN 10.00 CALL OPTION@ $1.30 -> 12.1% Return (27.8% Annualized) assigned* -- Manpower Inc. (NYSE: MAN) Last Price 50.40 - SEP 50.00 CALL OPTION@ $2.60 -> 4.6% Return (42.0% Annualized) assigned* *Annualized returns are shown for comparison purposes only What exactly is a Covered Call? What are the risks, benefits, and requirements? 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NEWS LEADERS AND LAGGARDS----------------------------------------- So far this morning, DISH Network Corp., SYSCO Corporation, and McDonald's Corp. lead the list of companies with positive news, while Research In Motion, Rio Tinto plc, and Dynegy Inc. lead the list of companies with negative news. Liberty Media, Infosys Technologies, and Callaway Golf were upgraded this morning, while Citrix Systems, VMware, and CBS Corp. were downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is headed lower this morning, as three of the 10 foreign indices that we track are in positive territory. The cumulative average return on the collective stands at a loss of 0.15%. In Asia, a weaker yen and robust economic data boosted Japanese stocks, while mainland Chinese markets fell for a fourth straight session on continued speculation that Beijing will impose restrictions on property transactions. In European trading, shares declined for the first time in three sessions, with German auto giants Daimler and Volkswagen dragging after downgrades at separate brokerage firms. Crude futures once again took the road into the red on Friday, sent lower amid strength in the U.S. dollar. The greenback gained ground on the heels of an upbeat unemployment report, which escalated selling pressure on dollar-denominated commodities. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 2,232,432 call contracts traded on Friday, compared to 1,101,859 put contracts. The resultant single-session put/call ratio arrived at 0.49, while the 21-day moving average dropped to 0.62. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $99.40 and resistance around $102.00. For the Nasdaq 100 (QQQQ), support is near $39.45 and resistance is around $40.15. TODAY'S ECONOMIC CALENDAR ---------------------------------------- No major events today EARNINGS EXPECTED TODAY (w/current estimates) -------------------- DYN -0.04 FLR 0.91 SYY 0.49 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 |
