MORNING UPDATE: PriceWatch Alerts for GE and More...
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New PriceWatch Alerts for GE, MS, FCX, LVS, and More...
June 16, 8:30 AM EST - Before the open... PriceWatch Alerts for GE,
MS, FCX, LVS, NYX, HUM, RYN, ATI, GD, and MELI, Market Overview,
News Leaders and Laggards, Today's Economic Calendar, and Index
Support & Resistance Levels.
New PriceWatch Alerts for GE, MS, FCX, LVS, NYX, HUM, RYN, ATI, GD,
and MELI
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- General Electric Co. (NYSE: GE)
Last Price 13.15 - SEP 13.00 CALL OPTION@ $1.30 -> 9.7% Return
(37.3% Annualized) assigned*
-- Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Last Price 55.14 - JUL 55.00 CALL OPTION@ $4.30 -> 8.2% Return
(93.3% Annualized) assigned*
-- Allegheny Technologies Inc. (NYSE: ATI)
Last Price 39.43 - JUL 35.00 CALL OPTION@ $5.80 -> 4.1% Return
(46.5% Annualized) assigned*
-- General Dynamics Corp. (NYSE: GD)
Last Price 58.08 - NOV 55.00 CALL OPTION@ $6.50 -> 6.6% Return
(15.5% Annualized) assigned*
-- Mercadolibre, Inc. (Nasdaq: MELI)
Last Price 24.05 - JUL 22.50 CALL OPTION@ $2.60 -> 4.9% Return
(55.8% Annualized) assigned*
-- Morgan Stanley (NYSE: MS)
Last Price 28.40 - JUL 27.00 CALL OPTION@ $2.75 -> 5.3% Return
(60.0% Annualized) assigned*
-- Las Vegas Sands Corp. (NYSE: LVS)
Last Price 8.05 - SEP 7.50 CALL OPTION@ $1.90 -> 22.0% Return
(84.3% Annualized) assigned*
-- NYSE Euronext, Inc. (NYSE: NYX)
Last Price 28.34 - JUL 28.00 CALL OPTION@ $2.07 -> 6.6% Return
(75.1% Annualized) assigned*
-- Humana Inc. (NYSE: HUM)
Last Price 28.20 - JUL 28.00 CALL OPTION@ $2.05 -> 7.1% Return
(80.7% Annualized) assigned*
-- Rayonier Inc. (NYSE: RYN)
Last Price 37.04 - AUG 35.00 CALL OPTION@ $4.10 -> 6.3% Return
(34.6% 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, Research In Motion Ltd., La-Z-Boy
Incorporated, and Celgene Corp. lead the list of companies with
positive news, while Smithfield Foods, Best Buy, and Assured
Guaranty Ltd. lead the list of companies with negative news.
Illinois Tool Works, Tyco Electronics, and Force Protection were
upgraded this morning, while AT&T, Time Warner Telecom, and
Monolithic Power were downgraded.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed, as six of the 10 foreign indices that we
track are in positive territory. The cumulative average return on
the collective stands at a loss of 0.28%. Trading in Asia closed
broadly lower Tuesday, led by losses in banking and resource
stocks, with investors wary that tentative signs of economic
recovery don't match the scope of the recent gains in regional
stock markets. In Tokyo Tuesday, the Bank of Japan raised its
assessment of economic conditions for a second time this year,
saying that economic conditions have "begun to stop worsening."
Across the pond in Europe, stocks extended sharp losses suffered
during the previous session, as investors pulled out of firms
perceived as more exposed to economic trends such as banks.
Monday's dollar rally, combined with a round of utterly
disappointing economic data, translated to weakness in crude
futures. Traders eyed the sharper-than-expected contraction in the
New York Fed's manufacturing index, as well as cautious commentary
from Dominique Strauss-Kahn, head of the International Monetary
Fund (IMF). Speaking to the prime minister of Kazakhstan, Strauss-
Kahn warned, "We haven't exited the [economic] crisis yet."
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,629,787 call contracts traded on Monday, compared to 971,417
put contracts. The resultant single-session put/call ratio arrived
at 0.60, while the 21-day moving average held at 0.64.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $88.25 and resistance around $96.10. For the Nasdaq 100 (QQQQ),
support is near $33.20 and resistance is around $37.25.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. May Housing Starts & Building Permits
8:30 a.m. May PPI
9:15 a.m. May Capacity Utilization & Industrial Production
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ADBE 0.35
BBY 0.34
SFD -0.56
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
New PriceWatch Alerts for GE, MS, FCX, LVS, and More...
June 16, 8:30 AM EST - Before the open... PriceWatch Alerts for GE,
MS, FCX, LVS, NYX, HUM, RYN, ATI, GD, and MELI, Market Overview,
News Leaders and Laggards, Today's Economic Calendar, and Index
Support & Resistance Levels.
New PriceWatch Alerts for GE, MS, FCX, LVS, NYX, HUM, RYN, ATI, GD,
and MELI
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS--------------
-- General Electric Co. (NYSE: GE)
Last Price 13.15 - SEP 13.00 CALL OPTION@ $1.30 -> 9.7% Return
(37.3% Annualized) assigned*
-- Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Last Price 55.14 - JUL 55.00 CALL OPTION@ $4.30 -> 8.2% Return
(93.3% Annualized) assigned*
-- Allegheny Technologies Inc. (NYSE: ATI)
Last Price 39.43 - JUL 35.00 CALL OPTION@ $5.80 -> 4.1% Return
(46.5% Annualized) assigned*
-- General Dynamics Corp. (NYSE: GD)
Last Price 58.08 - NOV 55.00 CALL OPTION@ $6.50 -> 6.6% Return
(15.5% Annualized) assigned*
-- Mercadolibre, Inc. (Nasdaq: MELI)
Last Price 24.05 - JUL 22.50 CALL OPTION@ $2.60 -> 4.9% Return
(55.8% Annualized) assigned*
-- Morgan Stanley (NYSE: MS)
Last Price 28.40 - JUL 27.00 CALL OPTION@ $2.75 -> 5.3% Return
(60.0% Annualized) assigned*
-- Las Vegas Sands Corp. (NYSE: LVS)
Last Price 8.05 - SEP 7.50 CALL OPTION@ $1.90 -> 22.0% Return
(84.3% Annualized) assigned*
-- NYSE Euronext, Inc. (NYSE: NYX)
Last Price 28.34 - JUL 28.00 CALL OPTION@ $2.07 -> 6.6% Return
(75.1% Annualized) assigned*
-- Humana Inc. (NYSE: HUM)
Last Price 28.20 - JUL 28.00 CALL OPTION@ $2.05 -> 7.1% Return
(80.7% Annualized) assigned*
-- Rayonier Inc. (NYSE: RYN)
Last Price 37.04 - AUG 35.00 CALL OPTION@ $4.10 -> 6.3% Return
(34.6% 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, Research In Motion Ltd., La-Z-Boy
Incorporated, and Celgene Corp. lead the list of companies with
positive news, while Smithfield Foods, Best Buy, and Assured
Guaranty Ltd. lead the list of companies with negative news.
Illinois Tool Works, Tyco Electronics, and Force Protection were
upgraded this morning, while AT&T, Time Warner Telecom, and
Monolithic Power were downgraded.
MARKET OVERVIEW---------------------------------------------------
Overseas trading is mixed, as six of the 10 foreign indices that we
track are in positive territory. The cumulative average return on
the collective stands at a loss of 0.28%. Trading in Asia closed
broadly lower Tuesday, led by losses in banking and resource
stocks, with investors wary that tentative signs of economic
recovery don't match the scope of the recent gains in regional
stock markets. In Tokyo Tuesday, the Bank of Japan raised its
assessment of economic conditions for a second time this year,
saying that economic conditions have "begun to stop worsening."
Across the pond in Europe, stocks extended sharp losses suffered
during the previous session, as investors pulled out of firms
perceived as more exposed to economic trends such as banks.
Monday's dollar rally, combined with a round of utterly
disappointing economic data, translated to weakness in crude
futures. Traders eyed the sharper-than-expected contraction in the
New York Fed's manufacturing index, as well as cautious commentary
from Dominique Strauss-Kahn, head of the International Monetary
Fund (IMF). Speaking to the prime minister of Kazakhstan, Strauss-
Kahn warned, "We haven't exited the [economic] crisis yet."
PUT/CALL RATIO ---------------------------------------------------
Equity option activity on the Chicago Board Options Exchange (CBOE)
saw 1,629,787 call contracts traded on Monday, compared to 971,417
put contracts. The resultant single-session put/call ratio arrived
at 0.60, while the 21-day moving average held at 0.64.
SUPPORT & RESISTANCE LEVELS --------------------------------------
The S&P Depository Receipts (SPY) show support in the neighborhood
of $88.25 and resistance around $96.10. For the Nasdaq 100 (QQQQ),
support is near $33.20 and resistance is around $37.25.
TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m. May Housing Starts & Building Permits
8:30 a.m. May PPI
9:15 a.m. May Capacity Utilization & Industrial Production
EARNINGS EXPECTED TODAY (w/current estimates) --------------------
ADBE 0.35
BBY 0.34
SFD -0.56
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
