MORNING UPDATE: PriceWatch Alerts for FXI and More... for 2023-01-06 |
| PriceWatch Alerts for FXI, GDX, GLD, AZEK, BOX, VMW, WMG, CPB, OIL, and IGN. Today's optimal covered call on China Large-Cap Ishares ETF has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of FXI stock at $31.12 per share and sell one contract of the China Large-Cap Ishares ETF January 27, 2023 30.5 call for $1.51 for a net debit of $29.61 per share. This trade lasts 21 days, giving it an annualized return rate of 49.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Vaneck Gold Miners ETF has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of GDX stock at $30.65 per share and sell one contract of the Vaneck Gold Miners ETF January 27, 2023 30 call for $1.52 for a net debit of $29.14 per share. This trade lasts 21 days, giving it an annualized return rate of 49.3%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Gold SPDR has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of GLD stock at $170.52 per share and sell one contract of the Gold SPDR January 13, 2023 170 call for $2.10 for a net debit of $168.42 per share. This trade lasts 7 days, giving it an annualized return rate of 42.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on The Azek Company Cl A has an assigned return rate of 5.0%. To enter this trade, buy 100 shares of AZEK stock at $21.77 per share and sell one contract of the The Azek Company Cl A February 17, 2023 20 call for $2.72 for a net debit of $19.05 per share. This trade lasts 42 days, giving it an annualized return rate of 42.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Box Inc has an assigned return rate of 4.9%. To enter this trade, buy 100 shares of BOX stock at $30.21 per share and sell one contract of the Box Inc February 17, 2023 30 call for $1.61 for a net debit of $28.60 per share. This trade lasts 42 days, giving it an annualized return rate of 41.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Vmware Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of VMW stock at $121.73 per share and sell one contract of the Vmware Inc January 20, 2023 120 call for $3.73 for a net debit of $118.00 per share. This trade lasts 14 days, giving it an annualized return rate of 41.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Warner Music Group Corp Cl A has an assigned return rate of 4.6%. To enter this trade, buy 100 shares of WMG stock at $37.05 per share and sell one contract of the Warner Music Group Corp Cl A February 17, 2023 36 call for $2.64 for a net debit of $34.41 per share. This trade lasts 42 days, giving it an annualized return rate of 39.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Campbell Soup Company has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of CPB stock at $56.14 per share and sell one contract of the Campbell Soup Company January 20, 2023 56 call for $1.01 for a net debit of $55.13 per share. This trade lasts 14 days, giving it an annualized return rate of 38.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Ipath Pure Beta Crude Oil ETN has an assigned return rate of 4.3%. To enter this trade, buy 100 shares of OIL stock at $27.97 per share and sell one contract of the Ipath Pure Beta Crude Oil ETN February 17, 2023 27 call for $2.08 for a net debit of $25.89 per share. This trade lasts 42 days, giving it an annualized return rate of 36.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on North American Tech-Multimedia N has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of IGN stock at $68.06 per share and sell one contract of the North American Tech-Multimedia N January 20, 2023 67 call for $2.03 for a net debit of $66.03 per share. This trade lasts 14 days, giving it an annualized return rate of 35.6%. The risk assessment of this trade is 4 keys (Low relative risk). Are you looking for a more conservative strategy that solves the pitfalls that come with covered calls investing? Check out our RadioActive Home Study Kit (http://www.poweropt.com/psDetails.asp?pid=25)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools! 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! NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE Molson Coors Brewing Company (TAP), MGM Resorts International (MGM) and Albemarle Corp (ALB) are moving higher this morning, while V.F. Corp (VFC), Southwest Airlines Company (LUV) and Baxter International Inc (BAX) are headed lower. VOYA Financial Inc (VOYA), Western Digital Cp (WDC) and Molson Coors Brewing Company (TAP) were upgraded, while Silvergate Capital Corp Cl A (SI), Truist Financial Corp (TFC) and Constellation Brands Inc (STZ) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.68%, the Nikkei 225 is up 0.59%, the Shanghai SE Composite Index is up 0.08% the Hang Seng is down -0.29% and the Mumbai Sensex is down -0.75%. In Europe stocks are mixed. The FTSE 100 is up 0.34%, the CAC 40 is up 0.33%, the Euro Stoxx 50 is up 0.18% and the DAX is down -0.03%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.39 at 73.28 per barrel. Brent crude is down -0.31 at 78.38 per barrel. Natural Gas is down -0.15 at 3.57. Precious metals are mixed this morning. Gold is up 2.56 at 1835.45 per ounce. Platinum is down -9.16 at 1053.16 while silver is up 0.13 at 23.55. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound. Bitcoin is down -0.64% to $16,720.86 while Ethereum is down -0.77% to $1,243.21. Equity PUT/CALL RATIO Yesterday, 1,538,583 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,377,534 put contracts. The single-session put/call ratio was 0.9. TODAY'S ECONOMIC CALENDAR Nonfarm Payrolls Dec 08:30 ET Nonfarm Private Payrolls Dec 08:30 ET ISM Non-Manufacturing Index Dec 10:00 ET EARNINGS EXPECTED TODAY: GBX |
