MORNING UPDATE: PriceWatch Alerts for FREY and More... for 2022-09-09 |
| PriceWatch Alerts for FREY, MCK, FRO, GEO, CAH, ESTE, PR, AES, BJ, and GO. Today's optimal covered call on Freyr Battery has an assigned return rate of 8.1%. To enter this trade, buy 100 shares of FREY stock at $12.58 per share and sell one contract of the Freyr Battery October 21, 2022 12 call for $1.48 for a net debit of $11.10 per share. This trade lasts 42 days, giving it an annualized return rate of 68.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Mckesson Corp has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of MCK stock at $370.16 per share and sell one contract of the Mckesson Corp September 16, 2022 370 call for $5.20 for a net debit of $364.96 per share. This trade lasts 7 days, giving it an annualized return rate of 63.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Frontline Ltd has an assigned return rate of 9.4%. To enter this trade, buy 100 shares of FRO stock at $12.18 per share and sell one contract of the Frontline Ltd November 18, 2022 12 call for $1.22 for a net debit of $10.96 per share. This trade lasts 70 days, giving it an annualized return rate of 48.5%. 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 12.3%. To enter this trade, buy 100 shares of GEO stock at $8.29 per share and sell one contract of the Geo Group Inc December 16, 2022 8 call for $1.16 for a net debit of $7.12 per share. This trade lasts 98 days, giving it an annualized return rate of 45.3%. 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 1.7%. To enter this trade, buy 100 shares of CAH stock at $70.63 per share and sell one contract of the Cardinal Health September 23, 2022 70 call for $1.78 for a net debit of $68.85 per share. This trade lasts 14 days, giving it an annualized return rate of 40.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Earthstone Energy has an assigned return rate of 14.4%. To enter this trade, buy 100 shares of ESTE stock at $13.93 per share and sell one contract of the Earthstone Energy January 20, 2023 12.5 call for $3.00 for a net debit of $10.92 per share. This trade lasts 133 days, giving it an annualized return rate of 39.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Permian Resources Corp has an assigned return rate of 13.6%. To enter this trade, buy 100 shares of PR stock at $7.77 per share and sell one contract of the Permian Resources Corp January 20, 2023 7 call for $1.61 for a net debit of $6.16 per share. This trade lasts 133 days, giving it an annualized return rate of 37.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on The Aes Corp has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of AES stock at $27.37 per share and sell one contract of the The Aes Corp October 21, 2022 27 call for $1.31 for a net debit of $26.06 per share. This trade lasts 42 days, giving it an annualized return rate of 30.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Bj's Wholesale Club Holdings Inc has an assigned return rate of 5.8%. To enter this trade, buy 100 shares of BJ stock at $78.32 per share and sell one contract of the Bj's Wholesale Club Holdings Inc November 18, 2022 75 call for $7.44 for a net debit of $70.88 per share. This trade lasts 70 days, giving it an annualized return rate of 29.9%. 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 2.9%. To enter this trade, buy 100 shares of GO stock at $37.76 per share and sell one contract of the Grocery Outlet Holding Corp October 21, 2022 35 call for $3.73 for a net debit of $34.03 per share. This trade lasts 42 days, giving it an annualized return rate of 24.2%. 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 Freeport-Mcmoran Inc (FCX), Cf Industries Holdings (CF) and Eog Resources (EOG) are moving higher this morning, while CarMax Inc (KMX), LyondellBasell Industries NV (LYB) and Ball Corp (BALL) are headed lower. American Water Works Company Inc (AWK), Docusign Inc (DOCU) and Penumbra Inc (PEN) were upgraded by analysts this morning, while Zumiez Inc (ZUMZ), New Fortress Energy Llc (NFE) and American Axle & Manufacturing (AXL) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Hang Seng is up 2.69%, the Shanghai SE Composite Index is up 0.82%, the Australia ASX All Ordinaries is up 0.76% the Nikkei 225 is up 0.53% and the Mumbai Sensex is up 0.18%. In Europe stocks are up. The Euro Stoxx 50 is up 1.65%, the CAC 40 is up 1.53%, the FTSE 100 is up 1.52% and the DAX is up 1.38%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 1.44 at 84.98 per barrel. Brent crude is up 1.47 at 90.62 per barrel. Natural Gas is up 0.16 at 8.08. Precious metals are mixed this morning. Gold is up 12.11 at 1720.57 per ounce. Platinum is down -0.36 at 882.14 while silver is up 0.12 at 18.56. 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 8.57% to $20,973.71 while Ethereum is up 3.97% to $1,702.28. Equity PUT/CALL RATIO Yesterday, 1,209,236 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 789,926 put contracts. The single-session put/call ratio was 0.65. TODAY'S ECONOMIC CALENDAR Wholesale Inventories Jul 10:00 ET EARNINGS EXPECTED TODAY: ABM, IDEX, KR, LSAK, WDH |
