MORNING UPDATE: PriceWatch Alerts for OVV and More... for 2022-09-06 |
| PriceWatch Alerts for OVV, SQM, CAH, MCK, GEO, CCRN, AES, ESTE, BJ, and PR. Today's optimal covered call on Ovintiv Inc has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of OVV stock at $52.77 per share and sell one contract of the Ovintiv Inc September 16, 2022 50 call for $3.82 for a net debit of $48.95 per share. This trade lasts 10 days, giving it an annualized return rate of 55.9%. 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 7.5%. To enter this trade, buy 100 shares of SQM stock at $101.29 per share and sell one contract of the Sociedad Quimica Y Minera S.A. A October 21, 2022 100 call for $8.26 for a net debit of $93.03 per share. This trade lasts 45 days, giving it an annualized return rate of 55.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Cardinal Health has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of CAH stock at $70.99 per share and sell one contract of the Cardinal Health September 16, 2022 71 call for $1.37 for a net debit of $69.62 per share. This trade lasts 10 days, giving it an annualized return rate of 51.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Mckesson Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of MCK stock at $363.82 per share and sell one contract of the Mckesson Corp September 16, 2022 362.5 call for $7.75 for a net debit of $356.07 per share. This trade lasts 10 days, giving it an annualized return rate of 47.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Geo Group Inc has an assigned return rate of 13.3%. To enter this trade, buy 100 shares of GEO stock at $8.27 per share and sell one contract of the Geo Group Inc December 16, 2022 8 call for $1.21 for a net debit of $7.06 per share. This trade lasts 101 days, giving it an annualized return rate of 46.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Cross Ctry Hlthcr has an assigned return rate of 11.6%. To enter this trade, buy 100 shares of CCRN stock at $24.79 per share and sell one contract of the Cross Ctry Hlthcr December 16, 2022 25 call for $2.40 for a net debit of $22.40 per share. This trade lasts 101 days, giving it an annualized return rate of 40.4%. 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 4.5%. To enter this trade, buy 100 shares of AES stock at $26.15 per share and sell one contract of the The Aes Corp October 21, 2022 26 call for $1.26 for a net debit of $24.89 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 Earthstone Energy has an assigned return rate of 12.7%. To enter this trade, buy 100 shares of ESTE stock at $14.64 per share and sell one contract of the Earthstone Energy January 20, 2023 12.5 call for $3.55 for a net debit of $11.09 per share. This trade lasts 136 days, giving it an annualized return rate of 33.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Bj's Wholesale Club Holdings Inc has an assigned return rate of 6.0%. To enter this trade, buy 100 shares of BJ stock at $73.37 per share and sell one contract of the Bj's Wholesale Club Holdings Inc November 18, 2022 70 call for $7.33 for a net debit of $66.04 per share. This trade lasts 73 days, giving it an annualized return rate of 28.4%. 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 15.8%. To enter this trade, buy 100 shares of PR stock at $7.95 per share and sell one contract of the Permian Resources Corp April 21, 2023 7 call for $1.91 for a net debit of $6.04 per share. This trade lasts 227 days, giving it an annualized return rate of 25.0%. 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 Albemarle Corporation (ALB), Rollins, Inc. (ROL) and Corteva Inc (CTVA) are moving higher this morning, while FedEx Corporation (FDX), Church & Dwight Co., Inc. (CHD) and Edison International (EIX) are headed lower. W R Berkley Corp (WRB), Toro Co (TTC) and Tesla Inc (TSLA) were upgraded by analysts this morning, while WhiteHorse Finance Inc (WHF), LegalZoom. com Inc (LZ) and Ciena Corporation (CIEN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 1.36%, the Nikkei 225 is up 0.03%, the Mumbai Sensex is down -0.08% the Hang Seng is down -0.12% and the Australia ASX All Ordinaries is down -0.26%. In Europe stocks are up. The DAX is up 0.69%, the Euro Stoxx 50 is up 0.24%, the CAC 40 is up 0.19% and the FTSE 100 is up 0.09%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.16 at 86.71 per barrel. Brent crude is down -2.73 at 93.001 per barrel. Natural Gas is down -0.11 at 8.68. Precious metals are up this morning. Gold is up 3.64 at 1714.04 per ounce. Platinum is up 1.65 at 851.7 while silver is up 0.42 at 18.3. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, up against the Yen and down against the Pound. Bitcoin is up 1.37% to $19,963.40 while Ethereum is up 7.2% to $1,676.69. Equity PUT/CALL RATIO Yesterday, 1,347,332 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,370,717 put contracts. The single-session put/call ratio was 1.02. TODAY'S ECONOMIC CALENDAR IHS Markit Services PMI - Final Aug 09:45 ET ISM Non-Manufacturing Index Aug 10:00 ET EARNINGS EXPECTED TODAY: CDMO, COUP, GTLB, GWRE, HQY, ICMB, KC, LITB, PATH |
