MORNING UPDATE: PriceWatch Alerts for SMAR and More... for 2023-01-03 |
| PriceWatch Alerts for SMAR, SLV, MLKN, WMG, ARMK, OIL, VIPS, MTN, ZTO, and FERG. Today's optimal covered call on Smartsheet Inc. Class A has an assigned return rate of 5.6%. To enter this trade, buy 100 shares of SMAR stock at $39.36 per share and sell one contract of the Smartsheet Inc. Class A February 17, 2023 35 call for $6.23 for a net debit of $33.13 per share. This trade lasts 45 days, giving it an annualized return rate of 42.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on iShares Silver Trust has an assigned return rate of 4.0%. To enter this trade, buy 100 shares of SLV stock at $22.02 per share and sell one contract of the iShares Silver Trust February 03, 2023 22 call for $0.87 for a net debit of $21.15 per share. This trade lasts 31 days, giving it an annualized return rate of 42.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on MillerKnoll Inc. has an assigned return rate of 5.5%. To enter this trade, buy 100 shares of MLKN stock at $21.01 per share and sell one contract of the MillerKnoll Inc. February 17, 2023 20 call for $2.04 for a net debit of $18.96 per share. This trade lasts 45 days, giving it an annualized return rate of 40.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Warner Music Group Corp. has an assigned return rate of 5.2%. To enter this trade, buy 100 shares of WMG stock at $35.02 per share and sell one contract of the Warner Music Group Corp. February 17, 2023 34 call for $2.71 for a net debit of $32.32 per share. This trade lasts 45 days, giving it an annualized return rate of 38.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Aramark has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of ARMK stock at $41.34 per share and sell one contract of the Aramark January 20, 2023 41 call for $1.22 for a net debit of $40.12 per share. This trade lasts 17 days, giving it an annualized return rate of 38.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 has an assigned return rate of 5.1%. To enter this trade, buy 100 shares of OIL stock at $30.50 per share and sell one contract of the Barclays Bank PLC ZC SP ETN REDEEM 18/04/2041 USD 50 - 06740P221 February 17, 2023 30 call for $1.95 for a net debit of $28.55 per share. This trade lasts 45 days, giving it an annualized return rate of 37.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Vipshop Holdings Limited American Depositary Shares each representing two has an assigned return rate of 14.3%. To enter this trade, buy 100 shares of VIPS stock at $13.64 per share and sell one contract of the Vipshop Holdings Limited American Depositary Shares each representing two May 19, 2023 13 call for $2.27 for a net debit of $11.37 per share. This trade lasts 136 days, giving it an annualized return rate of 37.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Vail Resorts Inc. has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of MTN stock at $238.35 per share and sell one contract of the Vail Resorts Inc. January 20, 2023 230 call for $13.07 for a net debit of $225.28 per share. This trade lasts 17 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 ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. has an assigned return rate of 4.9%. To enter this trade, buy 100 shares of ZTO stock at $26.87 per share and sell one contract of the ZTO Express (Cayman) Inc. American Depositary Shares each representing one Class A. February 17, 2023 26 call for $2.08 for a net debit of $24.79 per share. This trade lasts 45 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 Ferguson plc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of FERG stock at $126.97 per share and sell one contract of the Ferguson plc January 20, 2023 125 call for $4.27 for a net debit of $122.70 per share. This trade lasts 17 days, giving it an annualized return rate of 32.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Are you looking for a more conservative strategy that solves the pitfalls that come with covered calls investing? 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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 Celanese Corporation (CE), Consolidated Edison Inc. (ED) and Las Vegas Sands Corp. (LVS) are moving higher this morning, while Linde plc (LIN), EQT Corporation (EQT) and Baxter International Inc. (BAX) are headed lower. ACADIA Pharmaceuticals Inc. (ACAD), Adaptimmune Therapeutics plc (ADAP) and Healthpeak Properties (PEAK) were upgraded, while Kilroy Realty Corporation (KRC), Parsons Corporation (PSN) and Blue Owl Capital Inc. Class A (OWL) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.84%, the Shanghai SE Composite Index is up 0.88%, the Mumbai Sensex is up 0.21% the Nikkei 225 is flat 0% and the Australia ASX All Ordinaries is down -1.25%. In Europe stocks are up. The FTSE 100 is up 1.27%, the DAX is up 0.74%, the Euro Stoxx 50 is up 0.68% and the CAC 40 is up 0.5%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down -1.06 at 79.2 per barrel. Brent crude is down -1.19 at 84.72 per barrel. Natural Gas is down -0.44 at 4.04. Precious metals are up this morning. Gold is up 14.9 at 1841.1 per ounce. Platinum is up 6.06 at 1080.35 while silver is up 0.45 at 24.49. 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 -0.1% to $16,714.34 while Ethereum is down -0.17% to $1,215.18. Equity PUT/CALL RATIO Yesterday, 1,004,070 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 847,366 put contracts. The single-session put/call ratio was 0.84. TODAY'S ECONOMIC CALENDAR Construction Spending Nov 10:00 EARNINGS EXPECTED TODAY: SGH |
