MORNING UPDATE: PriceWatch Alerts for BP and More... for 2022-06-15 |
| PriceWatch Alerts for BP, FANG, OVV, ABC, SYY, NOG, LPX, PARR, MCK, and ERF. Today's optimal covered call on BP Plc ADR has an assigned return rate of 3.9%. To enter this trade, buy 100 shares of BP stock at $30.86 per share and sell one contract of the BP Plc ADR July 01, 2022 31 call for $1.02 for a net debit of $29.84 per share. This trade lasts 16 days, giving it an annualized return rate of 83.3% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Diamondback Energy has an assigned return rate of 7.0%. To enter this trade, buy 100 shares of FANG stock at $149.63 per share and sell one contract of the Diamondback Energy July 15, 2022 150 call for $9.43 for a net debit of $140.20 per share. This trade lasts 30 days, giving it an annualized return rate of 82.3% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Ovintiv Inc has an assigned return rate of 7.0%. To enter this trade, buy 100 shares of OVV stock at $55.85 per share and sell one contract of the Ovintiv Inc July 15, 2022 55 call for $4.43 for a net debit of $51.42 per share. This trade lasts 30 days, giving it an annualized return rate of 82.0% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Amerisourcebergen Corp has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of ABC stock at $141.21 per share and sell one contract of the Amerisourcebergen Corp June 24, 2022 141 call for $3.29 for a net debit of $137.92 per share. This trade lasts 9 days, giving it an annualized return rate of 81.5% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Sysco Corp has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of SYY stock at $80.14 per share and sell one contract of the Sysco Corp June 24, 2022 80 call for $1.83 for a net debit of $78.31 per share. This trade lasts 9 days, giving it an annualized return rate of 78.8% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Northern Oil and Gas has an assigned return rate of 6.7%. To enter this trade, buy 100 shares of NOG stock at $34.40 per share and sell one contract of the Northern Oil and Gas July 15, 2022 34 call for $2.53 for a net debit of $31.87 per share. This trade lasts 30 days, giving it an annualized return rate of 78.7% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Louisiana-Pacific Corp has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of LPX stock at $60.52 per share and sell one contract of the Louisiana-Pacific Corp July 15, 2022 60 call for $4.04 for a net debit of $56.48 per share. This trade lasts 30 days, giving it an annualized return rate of 73.4% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Par Petroleum Corp has an assigned return rate of 6.1%. To enter this trade, buy 100 shares of PARR stock at $17.83 per share and sell one contract of the Par Petroleum Corp July 15, 2022 17.5 call for $1.33 for a net debit of $16.50 per share. This trade lasts 30 days, giving it an annualized return rate of 71.7% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Mckesson Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of MCK stock at $306.52 per share and sell one contract of the Mckesson Corp June 24, 2022 305 call for $7.39 for a net debit of $299.13 per share. This trade lasts 9 days, giving it an annualized return rate of 71.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Enerplus Corp has an assigned return rate of 5.7%. To enter this trade, buy 100 shares of ERF stock at $16.45 per share and sell one contract of the Enerplus Corp July 15, 2022 16 call for $1.31 for a net debit of $15.14 per share. This trade lasts 30 days, giving it an annualized return rate of 67.3% 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 Carnival Corp (CCL), Corning Incorporated (GLW) and US Bancorp (USB) are moving higher this morning, while Brown & Brown, Inc. (BRO), Valero Energy Corporation (VLO) and Phillips 66 (PSX) are headed lower. Tapestry Inc (TPR), Southwestern Energy Company (SWN) and Spotify Technology SA (SPOT) were upgraded by analysts this morning, while Alpha and Omega Semiconductor Ltd (AOSL), Camtek LTD. (CAMT) and Transphorm Technology Inc (TGAN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.14%, the Shanghai SE Composite Index is up 0.5%, the Mumbai Sensex is down -0.29% the Nikkei 225 is down -1.14% and the Australia ASX All Ordinaries is down -1.39%. In Europe stocks are up. The Euro Stoxx 50 is up 1.25%, the FTSE 100 is up 1.22%, the DAX is up 1.19% and the CAC 40 is up 0.98%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.56 at 118.37 per barrel. Brent crude is down -0.42 at 120.75 per barrel. Natural Gas is up 0.28 at 7.47. Precious metals are up this morning. Gold is up 22.76 at 1831.25 per ounce. Platinum is up 20.86 at 945.84 while silver is up 0.55 at 21.51. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound. Bitcoin is down -3.98% to $21,124.34 while Ethereum is down -4.92% to $1,114.47. Equity PUT/CALL RATIO Yesterday, 941,139 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 777,331 put contracts. The single-session put/call ratio was 0.83. TODAY'S ECONOMIC CALENDAR Retail Sales May 08:30 ET EIA Crude Oil Inventories 06/11 10:30 ET FOMC Rate Decision Jun 14:00 ET EARNINGS EXPECTED TODAY: WLY, WDH, EM, JWEL |
