MORNING UPDATE: PriceWatch Alerts for XLE and More... for 2022-09-29 |
| PriceWatch Alerts for XLE, QQQ, VRTX, PANW, UNH, SQM, CI, SLX, FREY, and SPY. Today's optimal covered call on S&P 500 Energy Sector SPDR has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of XLE stock at $72.60 per share and sell one contract of the S&P 500 Energy Sector SPDR October 07, 2022 72 call for $2.18 for a net debit of $70.42 per share. This trade lasts 8 days, giving it an annualized return rate of 91.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nasdaq QQQ Invesco ETF has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of QQQ stock at $279.94 per share and sell one contract of the Nasdaq QQQ Invesco ETF October 07, 2022 279 call for $6.92 for a net debit of $273.02 per share. This trade lasts 8 days, giving it an annualized return rate of 88.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Vertex Pharmaceutic has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of VRTX stock at $292.41 per share and sell one contract of the Vertex Pharmaceutic October 07, 2022 292.5 call for $5.99 for a net debit of $286.42 per share. This trade lasts 8 days, giving it an annualized return rate of 86.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Palo Alto Networks Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of PANW stock at $166.80 per share and sell one contract of the Palo Alto Networks Inc October 07, 2022 165 call for $5.04 for a net debit of $161.76 per share. This trade lasts 8 days, giving it an annualized return rate of 81.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Unitedhealth Group Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of UNH stock at $513.94 per share and sell one contract of the Unitedhealth Group Inc October 07, 2022 515 call for $9.04 for a net debit of $504.90 per share. This trade lasts 8 days, giving it an annualized return rate of 81.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Sociedad Quimica Y Minera S.A. A has an assigned return rate of 5.1%. To enter this trade, buy 100 shares of SQM stock at $95.33 per share and sell one contract of the Sociedad Quimica Y Minera S.A. A October 21, 2022 95 call for $4.95 for a net debit of $90.38 per share. This trade lasts 22 days, giving it an annualized return rate of 81.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Cigna Corp has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of CI stock at $282.55 per share and sell one contract of the Cigna Corp October 07, 2022 282.5 call for $5.24 for a net debit of $277.31 per share. This trade lasts 8 days, giving it an annualized return rate of 75.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Vaneck Steel ETF has an assigned return rate of 4.6%. To enter this trade, buy 100 shares of SLX stock at $48.51 per share and sell one contract of the Vaneck Steel ETF October 21, 2022 48 call for $2.64 for a net debit of $45.87 per share. This trade lasts 22 days, giving it an annualized return rate of 73.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Freyr Battery has an assigned return rate of 10.3%. To enter this trade, buy 100 shares of FREY stock at $14.67 per share and sell one contract of the Freyr Battery November 18, 2022 14 call for $1.98 for a net debit of $12.70 per share. This trade lasts 50 days, giving it an annualized return rate of 73.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 SPDR has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of SPY stock at $370.53 per share and sell one contract of the S&P 500 SPDR October 07, 2022 369 call for $8.06 for a net debit of $362.47 per share. This trade lasts 8 days, giving it an annualized return rate of 73.1%. The risk assessment of this trade is 5 keys (The Lowest 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 Freeport-McMoRan Inc (FCX), KeyCorp (KEY) and Occidental Petroleum Corporation (OXY) are moving higher this morning, while CarMax, Inc (KMX), Hess Corp. (HES) and Franklin Resources, Inc. (BEN) are headed lower. while O2Micro International Limited (OIIM), Sunlight Financial Holdings Inc (SUNL) and Cognyte Software Ltd (CGNT) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 1.51%, the Nikkei 225 is up 0.95%, the Shanghai SE Composite Index is down -0.13% the Mumbai Sensex is down -0.33% and the Hang Seng is down -0.49%. Stocks in Europe are down. The DAX is down -1.25%, the Euro Stoxx 50 is down -1.23%, the CAC 40 is down -1.17% and the FTSE 100 is down -0.97%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.08 at 82.23 per barrel. Brent crude is up 0.08 at 89.4 per barrel. Natural Gas is down -0.03 at 6.93. Precious metals are mixed this morning. Gold is down -8.74 at 1651.23 per ounce. Platinum is up 2.78 at 869.23 while silver is down -0.19 at 18.69. 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 2.49% to $19,461.28 while Ethereum is up 3.03% to $1,336.10. Equity PUT/CALL RATIO Yesterday, 1,039,968 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 777,261 put contracts. The single-session put/call ratio was 0.75. TODAY'S ECONOMIC CALENDAR Continuing Claims 09/17 08:30 ET Initial Claims 09/24 08:30 ET EIA Natural Gas Inventories 09/24 10:30 ET EARNINGS EXPECTED TODAY: BBBY, CMTL, FEAM, KMX, MU, NKE, RAD, WOR |
