MORNING UPDATE: PriceWatch Alerts for PGR and More... for 2022-10-04 |
| PriceWatch Alerts for PGR, EWW, HACK, XME, OIL, HLIT, EZA, DBC, EWC, and IGN. Today's optimal covered call on Progressive Corp has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of PGR stock at $120.50 per share and sell one contract of the Progressive Corp October 21, 2022 120 call for $3.63 for a net debit of $116.87 per share. This trade lasts 17 days, giving it an annualized return rate of 54.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Mexico Ishares MSCI ETF has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of EWW stock at $45.26 per share and sell one contract of the Mexico Ishares MSCI ETF October 21, 2022 45 call for $1.36 for a net debit of $43.90 per share. This trade lasts 17 days, giving it an annualized return rate of 50.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Etfmg Prime Cyber Security ETF has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of HACK stock at $44.52 per share and sell one contract of the Etfmg Prime Cyber Security ETF October 21, 2022 44 call for $1.57 for a net debit of $42.94 per share. This trade lasts 17 days, giving it an annualized return rate of 49.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P Metals & Mining SPDR has an assigned return rate of 6.0%. To enter this trade, buy 100 shares of XME stock at $45.56 per share and sell one contract of the S&P Metals & Mining SPDR November 18, 2022 45 call for $3.10 for a net debit of $42.46 per share. This trade lasts 45 days, giving it an annualized return rate of 47.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Ipath Pure Beta Crude Oil ETN has an assigned return rate of 5.6%. To enter this trade, buy 100 shares of OIL stock at $29.58 per share and sell one contract of the Ipath Pure Beta Crude Oil ETN November 18, 2022 29 call for $2.11 for a net debit of $27.47 per share. This trade lasts 45 days, giving it an annualized return rate of 44.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Harmonic Inc has an assigned return rate of 8.9%. To enter this trade, buy 100 shares of HLIT stock at $12.96 per share and sell one contract of the Harmonic Inc December 16, 2022 12.5 call for $1.48 for a net debit of $11.48 per share. This trade lasts 73 days, giving it an annualized return rate of 43.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on South Africa Ishares MSCI ETF has an assigned return rate of 4.4%. To enter this trade, buy 100 shares of EZA stock at $37.07 per share and sell one contract of the South Africa Ishares MSCI ETF November 18, 2022 36 call for $2.59 for a net debit of $34.48 per share. This trade lasts 45 days, giving it an annualized return rate of 35.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on DB Commodity Index Fund Invesco has an assigned return rate of 4.2%. To enter this trade, buy 100 shares of DBC stock at $24.45 per share and sell one contract of the DB Commodity Index Fund Invesco November 18, 2022 24 call for $1.42 for a net debit of $23.04 per share. This trade lasts 45 days, giving it an annualized return rate of 33.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Canada Ishares MSCI ETF has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of EWC stock at $31.92 per share and sell one contract of the Canada Ishares MSCI ETF November 04, 2022 31.5 call for $1.31 for a net debit of $30.61 per share. This trade lasts 31 days, giving it an annualized return rate of 33.2%. 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 3.7%. To enter this trade, buy 100 shares of IGN stock at $66.47 per share and sell one contract of the North American Tech-Multimedia N November 18, 2022 66 call for $2.82 for a net debit of $63.65 per share. This trade lasts 45 days, giving it an annualized return rate of 29.3%. 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)! 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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 Linde PLC (LIN), Bank of New York Mellon Corp (BK) and Domino's Pizza Inc (DPZ) are moving higher this morning, while Conagra Brands Inc (CAG), and Welltower Inc (WELL) are headed lower. while Paramount Global Class B (PARA), and M&T Bank Corporation (MTB) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 3.74%, the Nikkei 225 is up 2.96%, the Mumbai Sensex is up 2.25% the Shanghai SE Composite Index is down -0.55% and the Hang Seng is down -0.83%. In Europe stocks are up. The CAC 40 is up 3.42%, the Euro Stoxx 50 is up 3.37%, the DAX is up 2.87% and the FTSE 100 is up 1.89%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 1.14 at 84.77 per barrel. Brent crude is up 1.42 at 90.28 per barrel. Natural Gas is down -0.01 at 6.46. Precious metals are up this morning. Gold is up 4.57 at 1704.46 per ounce. Platinum is up 11.24 at 914.53 while silver is up 0.26 at 20.85. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound. Bitcoin is up 3.6% to $19,938.62 while Ethereum is up 4.04% to $1,350.11. Equity PUT/CALL RATIO Yesterday, 1,629,555 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,409,904 put contracts. The single-session put/call ratio was 0.87. TODAY'S ECONOMIC CALENDAR Factory Orders Aug 10:00 ET EARNINGS EXPECTED TODAY: AYI, NG, SAR, SGH |
