MORNING UPDATE: PriceWatch Alerts for CC and More... for 2022-08-29 |
| PriceWatch Alerts for CC, EQNR, CALX, ADM, CLR, CDNS, NOV, GD, NOC, and UNH. Today's optimal covered call on Chemours Company has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of CC stock at $35.76 per share and sell one contract of the Chemours Company September 16, 2022 35 call for $1.77 for a net debit of $33.99 per share. This trade lasts 18 days, giving it an annualized return rate of 51.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Equinor ASA ADR has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of EQNR stock at $41.55 per share and sell one contract of the Equinor ASA ADR September 16, 2022 41 call for $1.73 for a net debit of $39.82 per share. This trade lasts 18 days, giving it an annualized return rate of 51.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Calix Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of CALX stock at $58.79 per share and sell one contract of the Calix Inc September 16, 2022 55 call for $5.26 for a net debit of $53.53 per share. This trade lasts 18 days, giving it an annualized return rate of 47.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Archer Daniels Midland has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of ADM stock at $89.56 per share and sell one contract of the Archer Daniels Midland September 09, 2022 89 call for $2.12 for a net debit of $87.44 per share. This trade lasts 11 days, giving it an annualized return rate of 46.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Continental Resources has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of CLR stock at $70.76 per share and sell one contract of the Continental Resources September 16, 2022 70 call for $2.58 for a net debit of $68.18 per share. This trade lasts 18 days, giving it an annualized return rate of 46.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Cadence Design Sys has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of CDNS stock at $177.83 per share and sell one contract of the Cadence Design Sys September 16, 2022 175 call for $7.24 for a net debit of $170.59 per share. This trade lasts 18 days, giving it an annualized return rate of 44.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Nov Inc has an assigned return rate of 5.0%. To enter this trade, buy 100 shares of NOV stock at $18.66 per share and sell one contract of the Nov Inc October 07, 2022 18 call for $1.52 for a net debit of $17.14 per share. This trade lasts 39 days, giving it an annualized return rate of 43.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on General Dynamics Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of GD stock at $232.59 per share and sell one contract of the General Dynamics Corp September 09, 2022 232.5 call for $3.86 for a net debit of $228.73 per share. This trade lasts 11 days, giving it an annualized return rate of 43.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Northrop Grumman Corp has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of NOC stock at $485.13 per share and sell one contract of the Northrop Grumman Corp September 16, 2022 485 call for $11.68 for a net debit of $473.45 per share. This trade lasts 18 days, giving it an annualized return rate of 42.4%. 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 1.6%. To enter this trade, buy 100 shares of UNH stock at $529.25 per share and sell one contract of the Unitedhealth Group Inc September 09, 2022 530 call for $7.68 for a net debit of $521.58 per share. This trade lasts 11 days, giving it an annualized return rate of 42.1%. 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 PerkinElmer, Inc. (PKI), and Hartford Financial Services Group Inc (HIG) are moving higher this morning, while Catalent Inc (CTLT), Freeport-McMoRan Inc (FCX) and LyondellBasell Industries NV (LYB) are headed lower. Apple Hospitality REIT Inc (APLE), AstraZeneca plc (AZN) and Envista Holdings Corp (NVST) were upgraded by analysts this morning, while Aerie Pharmaceuticals Inc (AERI), Avalara Inc (AVLR) and Westlake Corp (WLK) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.14%, the Hang Seng is down -0.73%, the Mumbai Sensex is down -1.46% the Australia ASX All Ordinaries is down -2.07% and the Nikkei 225 is down -2.66%. Stocks in Europe are down. The CAC 40 is down -1.65%, the Euro Stoxx 50 is down -1.46%, the DAX is down -1.04% and the FTSE 100 is down -0.7%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.49 at 93.55 per barrel. Brent crude is up 0.22 at 101.21 per barrel. Natural Gas is up 0.13 at 9.43. Precious metals are down this morning. Gold is down -10.18 at 1727.96 per ounce. Platinum is down -5.49 at 861.47 while silver is down -0.37 at 18.45. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound. Bitcoin is down -1.13% to $19,823.95 while Ethereum is down -2.59% to $1,448.59. Equity PUT/CALL RATIO Yesterday, 1,409,370 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,067,303 put contracts. The single-session put/call ratio was 0.76. TODAY'S ECONOMIC CALENDAR No events scheduled today. EARNINGS EXPECTED TODAY: CANG, CNPOF, CTLT, GAMB, HEI, HTHT, ITRN, NSSC, PDD, PSEC, SLQT, TGODF, TUYA, YY |
