MORNING UPDATE: PriceWatch Alerts for STLD and More... for 2022-08-24 |
| PriceWatch Alerts for STLD, UNH, HP, NOC, NOV, AAPL, ADP, EQNR, HXL, and STZ. Today's optimal covered call on Steel Dynamics Inc has an assigned return rate of 3.9%. To enter this trade, buy 100 shares of STLD stock at $81.03 per share and sell one contract of the Steel Dynamics Inc September 16, 2022 80 call for $4.03 for a net debit of $77.00 per share. This trade lasts 23 days, giving it an annualized return rate of 59.3%. The risk assessment of this trade is 2 keys (Considerable 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 $535.80 per share and sell one contract of the Unitedhealth Group Inc September 02, 2022 535 call for $8.99 for a net debit of $526.81 per share. This trade lasts 9 days, giving it an annualized return rate of 56.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Helmerich & Payne has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of HP stock at $44.74 per share and sell one contract of the Helmerich & Payne September 16, 2022 42.5 call for $3.74 for a net debit of $41.00 per share. This trade lasts 23 days, giving it an annualized return rate of 55.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Northrop Grumman Corp has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of NOC stock at $482.88 per share and sell one contract of the Northrop Grumman Corp September 02, 2022 482.5 call for $7.17 for a net debit of $475.71 per share. This trade lasts 9 days, giving it an annualized return rate of 52.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nov Inc has an assigned return rate of 5.4%. To enter this trade, buy 100 shares of NOV stock at $18.35 per share and sell one contract of the Nov Inc September 30, 2022 18 call for $1.27 for a net debit of $17.08 per share. This trade lasts 37 days, giving it an annualized return rate of 51.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Apple Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of AAPL stock at $167.23 per share and sell one contract of the Apple Inc September 02, 2022 165 call for $4.42 for a net debit of $162.82 per share. This trade lasts 9 days, giving it an annualized return rate of 49.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Automatic Data Procs has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of ADP stock at $255.77 per share and sell one contract of the Automatic Data Procs September 02, 2022 255 call for $4.14 for a net debit of $251.63 per share. This trade lasts 9 days, giving it an annualized return rate of 48.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Equinor ASA ADR has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of EQNR stock at $40.92 per share and sell one contract of the Equinor ASA ADR September 16, 2022 39.84 call for $2.32 for a net debit of $38.60 per share. This trade lasts 23 days, giving it an annualized return rate of 48.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Hexcel Corp has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of HXL stock at $60.74 per share and sell one contract of the Hexcel Corp September 16, 2022 60 call for $2.57 for a net debit of $58.16 per share. This trade lasts 23 days, giving it an annualized return rate of 48.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Constellation Brands Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of STZ stock at $254.18 per share and sell one contract of the Constellation Brands Inc September 02, 2022 252.5 call for $4.84 for a net debit of $249.34 per share. This trade lasts 9 days, giving it an annualized return rate of 46.3%. 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 Occidental Petroleum Corporation (OXY), Simon Property Group Inc (SPG) and Pioneer Natural Resources Co (PXD) are moving higher this morning, while Advance Auto Parts, Inc. (AAP), Amcor PLC (AMCR) and Freeport-McMoRan Inc (FCX) are headed lower. Vallourec ADR (VLOWY), Centennial Resource Development Inc (CDEV) and Prologis Inc (PLD) were upgraded by analysts this morning, while Rio Tinto plc ADR Common Stock (RIO), Bank of Nova Scotia (BNS) and Medtronic PLC (MDT) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.6%, the Mumbai Sensex is up 0.09%, the Nikkei 225 is down -0.49% the Hang Seng is down -1.2% and the Shanghai SE Composite Index is down -1.86%. In Europe stocks are mixed. The Euro Stoxx 50 is up 0.14%, the CAC 40 is up 0.1%, the DAX is up 0.01% and the FTSE 100 is down -0.28%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.94 at 94.68 per barrel. Brent crude is up 1.08 at 101.3 per barrel. Natural Gas is up 0.16 at 9.36. Precious metals are down this morning. Gold is down -3.72 at 1744.43 per ounce. Platinum is down -7.69 at 877.14 while silver is down -0.17 at 18.95. 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 -0.07% to $21,448.59 while Ethereum is up 1.88% to $1,649.41. Equity PUT/CALL RATIO Yesterday, 1,551,278 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,354,297 put contracts. The single-session put/call ratio was 0.87. TODAY'S ECONOMIC CALENDAR Durable Orders Jul 08:30 ET Pending Home Sales Jul 10:00 ET EIA Crude Oil Inventories 08/20 10:30 ET EARNINGS EXPECTED TODAY: BOX, CNF, CTRN, DY, EAT, EDAP, GASS, HMLP, IIVI, NTIOF, RERE, RY, SPLK, TDCX, WOOF |
