MORNING UPDATE: PriceWatch Alerts for CLR and More... for 2022-08-31 |
| PriceWatch Alerts for CLR, ESTE, PANW, CVX, ULTA, STLD, CTRA, TMO, GO, and FREY. Today's optimal covered call on Continental Resources has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of CLR stock at $70.03 per share and sell one contract of the Continental Resources September 16, 2022 70 call for $2.58 for a net debit of $67.46 per share. This trade lasts 16 days, giving it an annualized return rate of 81.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Earthstone Energy has an assigned return rate of 11.5%. To enter this trade, buy 100 shares of ESTE stock at $15.29 per share and sell one contract of the Earthstone Energy October 21, 2022 15 call for $1.83 for a net debit of $13.46 per share. This trade lasts 51 days, giving it an annualized return rate of 80.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Palo Alto Networks Inc has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of PANW stock at $559.68 per share and sell one contract of the Palo Alto Networks Inc September 09, 2022 557.5 call for $13.58 for a net debit of $546.10 per share. This trade lasts 9 days, giving it an annualized return rate of 76.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Chevron Corp has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of CVX stock at $160.62 per share and sell one contract of the Chevron Corp September 09, 2022 160 call for $3.84 for a net debit of $156.78 per share. This trade lasts 9 days, giving it an annualized return rate of 74.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Ulta Beauty Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of ULTA stock at $416.79 per share and sell one contract of the Ulta Beauty Inc September 09, 2022 415 call for $9.98 for a net debit of $406.81 per share. This trade lasts 9 days, giving it an annualized return rate of 73.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Steel Dynamics Inc has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of STLD stock at $81.42 per share and sell one contract of the Steel Dynamics Inc September 16, 2022 80 call for $4.04 for a net debit of $77.38 per share. This trade lasts 16 days, giving it an annualized return rate of 72.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Coterra Energy Inc has an assigned return rate of 3.3%. To enter this trade, buy 100 shares of CTRA stock at $30.40 per share and sell one contract of the Coterra Energy Inc September 16, 2022 30 call for $1.36 for a net debit of $29.04 per share. This trade lasts 16 days, giving it an annualized return rate of 71.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Thermo Fisher Scientific Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of TMO stock at $554.29 per share and sell one contract of the Thermo Fisher Scientific Inc September 09, 2022 555 call for $9.87 for a net debit of $544.42 per share. This trade lasts 9 days, giving it an annualized return rate of 70.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Grocery Outlet Holding Corp has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of GO stock at $39.97 per share and sell one contract of the Grocery Outlet Holding Corp September 16, 2022 40 call for $1.23 for a net debit of $38.74 per share. This trade lasts 16 days, giving it an annualized return rate of 69.5%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Freyr Battery has an assigned return rate of 9.6%. To enter this trade, buy 100 shares of FREY stock at $13.73 per share and sell one contract of the Freyr Battery October 21, 2022 13 call for $1.87 for a net debit of $11.86 per share. This trade lasts 51 days, giving it an annualized return rate of 67.5%. The risk assessment of this trade is 3 keys (Moderate 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 Las Vegas Sands Corp. (LVS), LyondellBasell Industries NV (LYB) and Generac Holdings Inc. (GNRC) are moving higher this morning, while Service Properties Trust (HPO), PVH Corp (PVH) and Marathon Oil Corporation (MRO) are headed lower. ASML Holding NV (ASML), PayPal Holdings Inc (PYPL) and Rocket Lab USA Inc (RKLB) were upgraded by analysts this morning, while Ambarella Inc (AMBA), Paysafe Ltd (PSFE) and Snap Inc (SNAP) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 2.7%, the Hang Seng is up 0.03%, the Australia ASX All Ordinaries is down -0.06% the Nikkei 225 is down -0.37% and the Shanghai SE Composite Index is down -0.78%. Stocks in Europe are down. The FTSE 100 is down -1.18%, the CAC 40 is down -0.7%, the Euro Stoxx 50 is down -0.51% and the DAX is down -0.34%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -2.73 at 88.91 per barrel. Brent crude is down -3.31 at 96 per barrel. Natural Gas is up 0.07 at 9.11. Precious metals are down this morning. Gold is down -10.06 at 1713.96 per ounce. Platinum is down -2.1 at 849.3 while silver is down -0.38 at 17.91. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and up against the Pound. Bitcoin is down -0.45% to $20,312.21 while Ethereum is up 0.55% to $1,593.48. Equity PUT/CALL RATIO Yesterday, 1,058,886 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 847,979 put contracts. The single-session put/call ratio was 0.8. TODAY'S ECONOMIC CALENDAR ADP Employment Change Aug 08:15 ET Chicago PMI Aug 09:45 ET EIA Crude Oil Inventories 08/27 10:30 ET EARNINGS EXPECTED TODAY: AI, ALVO, BNED, BNR, CHS, DBI, DCI, EVGN, EXPR, HYW, IOT, MDB, NTNX, OKTA, PSTG, SFET, STIX, VBNK, VRA |
