MORNING UPDATE: PriceWatch Alerts for PWR and More... for 2022-06-09 |
| PriceWatch Alerts for PWR, ULTA, CC, EOG, OVV, MAR, AVGO, FLR, VRTX, and PXD. Today's optimal covered call on Quanta Services has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of PWR stock at $130.44 per share and sell one contract of the Quanta Services June 17, 2022 130 call for $3.43 for a net debit of $127.01 per share. This trade lasts 8 days, giving it an annualized return rate of 95.5% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Ulta Beauty Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of ULTA stock at $425.39 per share and sell one contract of the Ulta Beauty Inc June 17, 2022 425 call for $9.98 for a net debit of $415.41 per share. This trade lasts 8 days, giving it an annualized return rate of 93.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Chemours Company has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of CC stock at $43.50 per share and sell one contract of the Chemours Company June 17, 2022 43 call for $1.47 for a net debit of $42.03 per share. This trade lasts 8 days, giving it an annualized return rate of 93.6% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Eog Resources has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of EOG stock at $145.74 per share and sell one contract of the Eog Resources June 17, 2022 145 call for $3.93 for a net debit of $141.81 per share. This trade lasts 8 days, giving it an annualized return rate of 91.2% 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 2.2%. To enter this trade, buy 100 shares of OVV stock at $61.41 per share and sell one contract of the Ovintiv Inc June 17, 2022 60 call for $2.72 for a net debit of $58.69 per share. This trade lasts 8 days, giving it an annualized return rate of 90.5% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Marriot Int Cl A has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of MAR stock at $173.19 per share and sell one contract of the Marriot Int Cl A June 17, 2022 172.5 call for $4.44 for a net debit of $168.75 per share. This trade lasts 8 days, giving it an annualized return rate of 90.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Broadcom Ltd has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of AVGO stock at $565.36 per share and sell one contract of the Broadcom Ltd June 17, 2022 565 call for $12.28 for a net debit of $553.08 per share. This trade lasts 8 days, giving it an annualized return rate of 87.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Fluor Corp has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of FLR stock at $29.10 per share and sell one contract of the Fluor Corp June 24, 2022 29 call for $1.12 for a net debit of $27.98 per share. This trade lasts 15 days, giving it an annualized return rate of 83.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Vertex Pharmaceutic has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of VRTX stock at $274.54 per share and sell one contract of the Vertex Pharmaceutic June 17, 2022 275 call for $4.94 for a net debit of $269.60 per share. This trade lasts 8 days, giving it an annualized return rate of 81.2% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Pioneer Natural Resources Compan has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of PXD stock at $283.89 per share and sell one contract of the Pioneer Natural Resources Compan June 17, 2022 282.5 call for $6.52 for a net debit of $277.37 per share. This trade lasts 8 days, giving it an annualized return rate of 75.0% 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)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. 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STOCKS ON THE MOVE EPAM Systems Inc (EPAM), State Street Corp (STT) and Target Corporation (TGT) are moving higher this morning, while Ball Corporation (BALL), Las Vegas Sands Corp. (LVS) and Coterra Energy Inc (CTRA) are headed lower. AGNC Investment Corp (AGNC), Tesla Inc (TSLA) and Pentair PLC (PNR) were upgraded by analysts this morning, while Ardagh Metal Packaging SA (AMBP), Ball Corporation (BALL) and Crown Holdings, Inc. (CCK) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.78%, the Nikkei 225 is up 0.04%, the Hang Seng is down -0.66% the Shanghai SE Composite Index is down -0.76% and the Australia ASX All Ordinaries is down -1.45%. Stocks in Europe are down. The DAX is down -0.67%, the FTSE 100 is down -0.64%, the Euro Stoxx 50 is down -0.52% and the CAC 40 is down -0.36%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.22 at 121.89 per barrel. Brent crude is down -0.15 at 123.43 per barrel. Natural Gas is down -0.42 at 8.28. Precious metals are down this morning. Gold is down -8.42 at 1844.94 per ounce. Platinum is down -21 at 988.21 while silver is down -0.17 at 21.93. 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 -0.25% to $30,324.27 while Ethereum is up 0.05% to $1,806.59. Equity PUT/CALL RATIO Yesterday, 1,191,434 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 680,017 put contracts. The single-session put/call ratio was 0.57. TODAY'S ECONOMIC CALENDAR Continuing Claims 05/28 08:30 ET Initial Claims 06/04 08:30 ET EIA Natural Gas Inventories 06/04 10:30 ET EARNINGS EXPECTED TODAY: SKHSY, NIO, DOCU, MTN, BILI, SIG, SFIX, RENT, HOFT, LAKE, JG, YQ, BEDU, TOUR |
