MORNING UPDATE: PriceWatch Alerts for COP and More... for 2022-06-06 |
| PriceWatch Alerts for COP, CC, TRQ, WLK, AVGO, LPX, HRB, BP, SU, and OVV. Today's optimal covered call on Conocophillips has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of COP stock at $118.12 per share and sell one contract of the Conocophillips June 17, 2022 118 call for $3.62 for a net debit of $114.50 per share. This trade lasts 11 days, giving it an annualized return rate of 79.7% 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 2.8%. To enter this trade, buy 100 shares of CC stock at $43.63 per share and sell one contract of the Chemours Company June 17, 2022 43 call for $1.82 for a net debit of $41.81 per share. This trade lasts 11 days, giving it an annualized return rate of 74.2% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Turquoise Hill Resources Ltd has an assigned return rate of 2.8%. To enter this trade, buy 100 shares of TRQ stock at $30.15 per share and sell one contract of the Turquoise Hill Resources Ltd June 17, 2022 30 call for $0.98 for a net debit of $29.17 per share. This trade lasts 11 days, giving it an annualized return rate of 74.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Westlake Corp has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of WLK stock at $130.73 per share and sell one contract of the Westlake Corp June 17, 2022 130 call for $4.18 for a net debit of $126.55 per share. This trade lasts 11 days, giving it an annualized return rate of 71.1% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Broadcom Ltd has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of AVGO stock at $563.32 per share and sell one contract of the Broadcom Ltd June 17, 2022 562.5 call for $15.47 for a net debit of $547.85 per share. This trade lasts 11 days, giving it an annualized return rate of 69.7% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Louisiana-Pacific Corp has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of LPX stock at $72.03 per share and sell one contract of the Louisiana-Pacific Corp June 17, 2022 70 call for $3.85 for a net debit of $68.18 per share. This trade lasts 11 days, giving it an annualized return rate of 69.6% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on H&R Block has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of HRB stock at $35.94 per share and sell one contract of the H&R Block June 17, 2022 36 call for $0.86 for a net debit of $35.08 per share. This trade lasts 11 days, giving it an annualized return rate of 68.4% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on BP Plc ADR has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of BP stock at $32.98 per share and sell one contract of the BP Plc ADR June 17, 2022 33 call for $0.82 for a net debit of $32.16 per share. This trade lasts 11 days, giving it an annualized return rate of 68.3% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Suncor Energy Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of SU stock at $40.87 per share and sell one contract of the Suncor Energy Inc June 17, 2022 40.5 call for $1.37 for a net debit of $39.50 per share. This trade lasts 11 days, giving it an annualized return rate of 66.0% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Ovintiv Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of OVV stock at $57.47 per share and sell one contract of the Ovintiv Inc June 17, 2022 55 call for $3.82 for a net debit of $53.65 per share. This trade lasts 11 days, giving it an annualized return rate of 65.6% 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)! 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. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today! NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE Las Vegas Sands Corp. (LVS), Generac Holdings Inc. (GNRC) and Carnival Corp (CCL) are moving higher this morning, while Under Armour Inc Class C (UA), Under Armour Inc Class A (UAA) and CF Industries Holdings, Inc. (CF) are headed lower. Crowdstrike Holdings Inc (CRWD), Ryder System, Inc. (R) and Spotify Technology SA (SPOT) were upgraded by analysts this morning, while L B Foster Co (FSTR), Edison International (EIX) and Dun & Bradstreet Holdings Inc (DNB) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 2.71%, the Shanghai SE Composite Index is up 1.28%, the Nikkei 225 is up 0.56% the Mumbai Sensex is down -0.17% and the Australia ASX All Ordinaries is down -0.53%. In Europe stocks are up. The Euro Stoxx 50 is up 1.3%, the FTSE 100 is up 1.16%, the CAC 40 is up 1.1% and the DAX is up 1.02%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.31 at 119.18 per barrel. Brent crude is up 0.37 at 120.09 per barrel. Natural Gas is up 0.45 at 8.98. Precious metals are up this morning. Gold is up 2.79 at 1853.98 per ounce. Platinum is up 16.27 at 1034 while silver is up 0.49 at 22.4. 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 up 5.74% to $31,415.12 while Ethereum is up 6.83% to $1,909.11. Equity PUT/CALL RATIO Yesterday, 1,107,231 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 854,019 put contracts. The single-session put/call ratio was 0.77. TODAY'S ECONOMIC CALENDAR No events scheduled today. EARNINGS EXPECTED TODAY: ITOCY, NPNYY, GLPEY, AU, GTLB, CCOEY, COUP, FUTU |
