MORNING UPDATE: PriceWatch Alerts for NOC and More... for 2022-07-01 |
| PriceWatch Alerts for NOC, MRK, IWM, GDX, MCK, FDN, BMY, HSY, IYR, and FXI. 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 $478.57 per share and sell one contract of the Northrop Grumman Corp July 08, 2022 477.5 call for $7.34 for a net debit of $471.23 per share. This trade lasts 7 days, giving it an annualized return rate of 60.7% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Merck & Company has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of MRK stock at $91.17 per share and sell one contract of the Merck & Company July 08, 2022 91 call for $1.36 for a net debit of $89.81 per share. This trade lasts 7 days, giving it an annualized return rate of 60.4% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Russell 2000 Ishares ETF has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of IWM stock at $169.36 per share and sell one contract of the Russell 2000 Ishares ETF July 08, 2022 168 call for $3.49 for a net debit of $165.87 per share. This trade lasts 7 days, giving it an annualized return rate of 58.5% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Vaneck Gold Miners ETF has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of GDX stock at $27.38 per share and sell one contract of the Vaneck Gold Miners ETF July 22, 2022 27 call for $1.29 for a net debit of $26.09 per share. This trade lasts 21 days, giving it an annualized return rate of 57.9% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Mckesson Corp has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of MCK stock at $326.21 per share and sell one contract of the Mckesson Corp July 08, 2022 325 call for $5.23 for a net debit of $320.98 per share. This trade lasts 7 days, giving it an annualized return rate of 57.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on DJ Internet Index First Trust has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of FDN stock at $127.03 per share and sell one contract of the DJ Internet Index First Trust July 15, 2022 124 call for $5.86 for a net debit of $121.17 per share. This trade lasts 14 days, giving it an annualized return rate of 56.8% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Bristol-Myers Squibb Company has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of BMY stock at $77.00 per share and sell one contract of the Bristol-Myers Squibb Company July 08, 2022 77 call for $0.94 for a net debit of $76.06 per share. This trade lasts 7 days, giving it an annualized return rate of 56.3% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Hershey Foods Corp has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of HSY stock at $215.16 per share and sell one contract of the Hershey Foods Corp July 08, 2022 215 call for $2.76 for a net debit of $212.40 per share. This trade lasts 7 days, giving it an annualized return rate of 55.8% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on US Real Estate Ishares ETF has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of IYR stock at $91.98 per share and sell one contract of the US Real Estate Ishares ETF July 08, 2022 91.5 call for $1.56 for a net debit of $90.42 per share. This trade lasts 7 days, giving it an annualized return rate of 54.6% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on China Large-Cap Ishares ETF has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of FXI stock at $33.91 per share and sell one contract of the China Large-Cap Ishares ETF July 22, 2022 33.5 call for $1.42 for a net debit of $32.49 per share. This trade lasts 21 days, giving it an annualized return rate of 51.4% 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 EOG Resources Inc (EOG), Phillips 66 (PSX) and Delta Air Lines, Inc. (DAL) are moving higher this morning, while Freeport-McMoRan Inc (FCX), Corteva Inc (CTVA) and FedEx Corporation (FDX) are headed lower. Coupang Inc (CPNG), and First Republic Bank (FRC) were upgraded by analysts this morning, while Duck Creek Technologies Inc (DCT), Freeport-McMoRan Inc (FCX) and ZIM Integrated Shipping Services Ltd (ZIM) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Nikkei 225 is down -1.73%, the Hang Seng is down -0.62%, the Australia ASX All Ordinaries is down -0.39% the Shanghai SE Composite Index is down -0.32% and the Mumbai Sensex is down -0.21%.Stocks in Europe are down. The Euro Stoxx 50 is down -0.44%, the FTSE 100 is down -0.26%, the DAX is down -0.2% and the CAC 40 is down -0.08%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 2.96 at 108.72 per barrel. Brent crude is up 3.13 at 112.16 per barrel. Natural Gas is up 0.35 at 5.77. Precious metals are down this morning. Gold is down -16.33 at 1790.94 per ounce. Platinum is down -17.45 at 879.26 while silver is down -0.85 at 19.5. 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 up 0.64% to $19,188.75 while Ethereum is up 2.92% to $1,048.09. Equity PUT/CALL RATIO Yesterday, 1,022,587 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 752,755 put contracts. The single-session put/call ratio was 0.74. TODAY'S ECONOMIC CALENDAR IHS Markit Manufacturing PMI - Final Jun 09:45 ET Construction Spending May 10:00 ET ISM Manufacturing Index Jun 10:00 ET |
