MORNING UPDATE: PriceWatch Alerts for NOC and More... for 2022-08-18 |
| PriceWatch Alerts for NOC, LMT, STZ, AAPL, ADP, CNC, CVE, CDNS, WM, and STLD. Today's optimal covered call on Northrop Grumman Corp has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of NOC stock at $492.51 per share and sell one contract of the Northrop Grumman Corp August 26, 2022 492.5 call for $6.15 for a net debit of $486.36 per share. This trade lasts 8 days, giving it an annualized return rate of 51.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Lockheed Martin Corp has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of LMT stock at $441.59 per share and sell one contract of the Lockheed Martin Corp August 26, 2022 440 call for $6.85 for a net debit of $434.74 per share. This trade lasts 8 days, giving it an annualized return rate of 49.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Constellation Brands Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of STZ stock at $250.15 per share and sell one contract of the Constellation Brands Inc August 26, 2022 250 call for $3.00 for a net debit of $247.16 per share. This trade lasts 8 days, giving it an annualized return rate of 46.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Apple Inc has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of AAPL stock at $174.55 per share and sell one contract of the Apple Inc August 26, 2022 172.5 call for $4.01 for a net debit of $170.54 per share. This trade lasts 8 days, giving it an annualized return rate of 46.6%. 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 1.1%. To enter this trade, buy 100 shares of ADP stock at $260.69 per share and sell one contract of the Automatic Data Procs August 26, 2022 260 call for $3.54 for a net debit of $257.15 per share. This trade lasts 8 days, giving it an annualized return rate of 44.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Centene Corp has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of CNC stock at $94.83 per share and sell one contract of the Centene Corp September 09, 2022 95 call for $2.36 for a net debit of $92.48 per share. This trade lasts 22 days, giving it an annualized return rate of 43.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Cenovus Energy Inc has an assigned return rate of 14.2%. To enter this trade, buy 100 shares of CVE stock at $17.93 per share and sell one contract of the Cenovus Energy Inc December 16, 2022 18 call for $2.17 for a net debit of $15.76 per share. This trade lasts 120 days, giving it an annualized return rate of 42.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Cadence Design Sys has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of CDNS stock at $191.00 per share and sell one contract of the Cadence Design Sys September 16, 2022 190 call for $7.34 for a net debit of $183.66 per share. This trade lasts 29 days, giving it an annualized return rate of 42.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Waste Management has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of WM stock at $175.29 per share and sell one contract of the Waste Management August 26, 2022 175 call for $2.00 for a net debit of $173.28 per share. This trade lasts 8 days, giving it an annualized return rate of 40.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Steel Dynamics Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of STLD stock at $83.04 per share and sell one contract of the Steel Dynamics Inc September 16, 2022 80 call for $5.54 for a net debit of $77.50 per share. This trade lasts 29 days, giving it an annualized return rate of 39.2%. 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 Keysight Technologies Inc (KEYS), Pioneer Natural Resources Co (PXD) and Freeport-McMoRan Inc (FCX) are moving higher this morning, while Amcor PLC (AMCR), United Rentals, Inc. (URI) and TransDigm Group Incorporated (TDG) are headed lower. Essential Utilities Inc (WTRG), Radian Group Inc (RDN) and MGIC Investment Corp. (MTG) were upgraded by analysts this morning, while Clarus Corp (CLAR), Krispy Kreme Inc (DNUT) and World Wrestling Entertainment, Inc. (WWE) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.06%, the Australia ASX All Ordinaries is down -0.32%, the Shanghai SE Composite Index is down -0.46% the Hang Seng is down -0.8% and the Nikkei 225 is down -0.96%. In Europe stocks are up. The DAX is up 0.7%, the CAC 40 is up 0.39%, the Euro Stoxx 50 is up 0.37% and the FTSE 100 is up 0.07%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.96 at 89.07 per barrel. Brent crude is up 1.33 at 94.98 per barrel. Natural Gas is up 0.17 at 9.42. Precious metals are up this morning. Gold is up 9.06 at 1770.83 per ounce. Platinum is up 4.11 at 931.7 while silver is up 0.09 at 19.93. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and down against the Pound. Bitcoin is down -0.85% to $23,542.71 while Ethereum is down -0.94% to $1,858.76. Equity PUT/CALL RATIO Yesterday, 1,768,539 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,356,930 put contracts. The single-session put/call ratio was 0.77. TODAY'S ECONOMIC CALENDAR Continuing Claims 08/06 08:30 ET Initial Claims 08/13 08:30 ET Existing Home Sales Jul 10:00 ET EARNINGS EXPECTED TODAY: BJ, CALT, CAN, CSIQ, DAO, DESP, EH, EL, JFIN, KSS, LMDX, LYTS, MSGS, NICE, NTES, SPTN, STG, TPR |
