MORNING UPDATE: PriceWatch Alerts for FRO and More... for 2022-09-22 |
| PriceWatch Alerts for FRO, CRC, CAH, SQM, PR, GEO, GO, VDE, BJ, and DXLG. Today's optimal covered call on Frontline Ltd has an assigned return rate of 9.7%. To enter this trade, buy 100 shares of FRO stock at $13.16 per share and sell one contract of the Frontline Ltd November 18, 2022 13 call for $1.31 for a net debit of $11.85 per share. This trade lasts 57 days, giving it an annualized return rate of 61.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on California Resources Corp has an assigned return rate of 4.7%. To enter this trade, buy 100 shares of CRC stock at $41.26 per share and sell one contract of the California Resources Corp October 21, 2022 40 call for $3.06 for a net debit of $38.20 per share. This trade lasts 29 days, giving it an annualized return rate of 57.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Cardinal Health has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of CAH stock at $67.52 per share and sell one contract of the Cardinal Health September 30, 2022 67 call for $1.42 for a net debit of $66.10 per share. This trade lasts 8 days, giving it an annualized return rate of 54.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Sociedad Quimica Y Minera S.A. A has an assigned return rate of 4.4%. To enter this trade, buy 100 shares of SQM stock at $103.61 per share and sell one contract of the Sociedad Quimica Y Minera S.A. A October 21, 2022 100 call for $7.87 for a net debit of $95.74 per share. This trade lasts 29 days, giving it an annualized return rate of 54.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Permian Resources Corp has an assigned return rate of 17.5%. To enter this trade, buy 100 shares of PR stock at $7.02 per share and sell one contract of the Permian Resources Corp January 20, 2023 7 call for $1.06 for a net debit of $5.96 per share. This trade lasts 120 days, giving it an annualized return rate of 52.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Geo Group Inc has an assigned return rate of 12.1%. To enter this trade, buy 100 shares of GEO stock at $8.00 per share and sell one contract of the Geo Group Inc December 16, 2022 8 call for $0.86 for a net debit of $7.14 per share. This trade lasts 85 days, giving it an annualized return rate of 51.5%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Grocery Outlet Holding Corp has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of GO stock at $35.29 per share and sell one contract of the Grocery Outlet Holding Corp October 21, 2022 35 call for $1.68 for a net debit of $33.62 per share. This trade lasts 29 days, giving it an annualized return rate of 50.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Energy ETF Vanguard has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of VDE stock at $108.45 per share and sell one contract of the Energy ETF Vanguard October 21, 2022 108 call for $4.70 for a net debit of $103.75 per share. This trade lasts 29 days, giving it an annualized return rate of 49.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Bj's Wholesale Club Holdings Inc has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of BJ stock at $75.63 per share and sell one contract of the Bj's Wholesale Club Holdings Inc October 21, 2022 75 call for $3.33 for a net debit of $72.30 per share. This trade lasts 29 days, giving it an annualized return rate of 45.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Destination XL Group has an assigned return rate of 22.0%. To enter this trade, buy 100 shares of DXLG stock at $5.72 per share and sell one contract of the Destination XL Group March 17, 2023 5 call for $1.62 for a net debit of $4.10 per share. This trade lasts 176 days, giving it an annualized return rate of 45.3%. 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 Salesforce Inc (CRM), Eli Lilly And Co (LLY) and Corteva Inc (CTVA) are moving higher this morning, while Darden Restaurants, Inc. (DRI), FactSet Research Systems Inc. (FDS) and Medtronic PLC (MDT) are headed lower. Eli Lilly And Co (LLY), and Boston Properties, Inc. (BXP) were upgraded by analysts this morning, while Block Inc (SQ), Novavax, Inc. (NVAX) and Alcoa Corp (AA) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Hang Seng is down -1.61%, the Australia ASX All Ordinaries is down -1.55%, the Nikkei 225 is down -0.58% the Mumbai Sensex is down -0.57% and the Shanghai SE Composite Index is down -0.27%.Stocks in Europe are down. The CAC 40 is down -1.15%, the DAX is down -1.14%, the Euro Stoxx 50 is down -1.09% and the FTSE 100 is down -0.46%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 1.21 at 84.15 per barrel. Brent crude is up 1.22 at 91.05 per barrel. Natural Gas is down -0.11 at 7.67. Precious metals are mixed this morning. Gold is down -4.28 at 1669.61 per ounce. Platinum is down -0.48 at 910.41 while silver is up 0.13 at 19.61. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound. Bitcoin is up 0.32% to $19,218.36 while Ethereum is down -3.1% to $1,307.26. Equity PUT/CALL RATIO Yesterday, 1,690,571 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,496,597 put contracts. The single-session put/call ratio was 0.89. TODAY'S ECONOMIC CALENDAR Initial Claims 9/17 08:30 ET Continuing Claims 09/10 08:30 ET EIA Natural Gas Inventories 9/17 10:30AM EARNINGS EXPECTED TODAY: ACN, AIR, CAMP, COST, DCFC, DLNG, DRI, FDS, FDX, IBEX, IH, MANU, PTN, RSSS, SCHL |
