MORNING UPDATE: PriceWatch Alerts for RPM and More... for 2022-10-27 |
| PriceWatch Alerts for RPM, GLD, TRV, IBKR, PGR, GIS, XLI, JBL, JETS, and LW. Today's optimal covered call on RPM International Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of RPM stock at $91.94 per share and sell one contract of the RPM International Inc November 18, 2022 90 call for $4.05 for a net debit of $87.89 per share. This trade lasts 22 days, giving it an annualized return rate of 38.1%. The risk assessment of this trade is 2 keys (Considerable 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 $155.17 per share and sell one contract of the Gold SPDR November 04, 2022 154.5 call for $2.04 for a net debit of $153.12 per share. This trade lasts 8 days, giving it an annualized return rate of 36.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on The Travelers Companies Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of TRV stock at $176.40 per share and sell one contract of the The Travelers Companies Inc November 18, 2022 175 call for $5.23 for a net debit of $171.17 per share. This trade lasts 22 days, giving it an annualized return rate of 35.5%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Interactive Brokers has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of IBKR stock at $78.10 per share and sell one contract of the Interactive Brokers November 18, 2022 75 call for $4.66 for a net debit of $73.44 per share. This trade lasts 22 days, giving it an annualized return rate of 33.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Progressive Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of PGR stock at $122.93 per share and sell one contract of the Progressive Corp November 18, 2022 120 call for $5.25 for a net debit of $117.68 per share. This trade lasts 22 days, giving it an annualized return rate of 31.3%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on General Mills has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of GIS stock at $78.36 per share and sell one contract of the General Mills November 18, 2022 77.5 call for $2.27 for a net debit of $76.09 per share. This trade lasts 22 days, giving it an annualized return rate of 29.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on S&P 500 Industrial Sector SPDR has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of XLI stock at $91.57 per share and sell one contract of the S&P 500 Industrial Sector SPDR November 18, 2022 90 call for $3.16 for a net debit of $88.42 per share. This trade lasts 22 days, giving it an annualized return rate of 28.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of JBL stock at $64.14 per share and sell one contract of the Jabil Circuit December 16, 2022 60 call for $6.34 for a net debit of $57.80 per share. This trade lasts 50 days, giving it an annualized return rate of 27.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on US Global Jets ETF has an assigned return rate of 5.5%. To enter this trade, buy 100 shares of JETS stock at $17.53 per share and sell one contract of the US Global Jets ETF January 20, 2023 16.86 call for $1.55 for a net debit of $15.98 per share. This trade lasts 85 days, giving it an annualized return rate of 23.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Lamb Weston Holdings Inc has an assigned return rate of 10.6%. To enter this trade, buy 100 shares of LW stock at $84.02 per share and sell one contract of the Lamb Weston Holdings Inc April 21, 2023 85 call for $7.17 for a net debit of $76.85 per share. This trade lasts 176 days, giving it an annualized return rate of 21.9%. 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? Check out our RadioActive Home Study Kit (http://www.poweropt.com/psDetails.asp?pid=25)! 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NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE ServiceNow Inc (NOW), Garmin Ltd. (GRMN) and Arista Networks Inc (ANET) are moving higher this morning, while West Pharmaceutical Services Inc. (WST), Stanley Black & Decker, Inc. (SWK) and Invitation Homes Inc (INVH) are headed lower. while Amedisys Inc (AMED), Meta Platforms Inc (META) and FormFactor, Inc. (FORM) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 0.72%, the Australia ASX All Ordinaries is up 0.53%, the Mumbai Sensex is up 0.36% the Nikkei 225 is down -0.32% and the Shanghai SE Composite Index is down -0.55%. Stocks in Europe are down. The CAC 40 is down -1.13%, the Euro Stoxx 50 is down -0.93%, the DAX is down -0.88% and the FTSE 100 is down -0.04%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.3 at 88.21 per barrel. Brent crude is up 0.31 at 96 per barrel. Natural Gas is down -0.05 at 5.56. Precious metals are down this morning. Gold is down -2.88 at 1661.69 per ounce. Platinum is down -5.52 at 949.99 while silver is down -0.14 at 19.35. 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 up 0.1% to $20,591.84 while Ethereum is up 1.63% to $1,548.44. Equity PUT/CALL RATIO Yesterday, 1,582,504 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,029,384 put contracts. The single-session put/call ratio was 0.65. TODAY'S ECONOMIC CALENDAR Initial Claims 10/22 8:30 Continuing Claims 10/15 8:30 GDP-Adv. Q3 8:30 EARNINGS EXPECTED TODAY: ALLE, ARES, ARGX, ASX, BUD, CHKP, CS, ESCA, EXLS, FCFS, GBX, GEL, JHG, LIN, LKQ, MDC, STM, SWDBY, TAK, TIGO |
