MORNING UPDATE: PriceWatch Alerts for CHK and More... for 2022-05-31 |
| PriceWatch Alerts for CHK, PDCE, HP, AN, HWM, CVX, BP, NOC, XOM, and IMO. Today's optimal covered call on Chesapeake Energy Corp has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of CHK stock at $103.15 per share and sell one contract of the Chesapeake Energy Corp June 17, 2022 100 call for $6.47 for a net debit of $96.68 per share. This trade lasts 17 days, giving it an annualized return rate of 59.7% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Pdc Energy Inc has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of PDCE stock at $77.99 per share and sell one contract of the Pdc Energy Inc June 17, 2022 75 call for $5.45 for a net debit of $72.54 per share. This trade lasts 17 days, giving it an annualized return rate of 58.9% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Helmerich & Payne has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of HP stock at $51.69 per share and sell one contract of the Helmerich & Payne June 17, 2022 50 call for $3.33 for a net debit of $48.36 per share. This trade lasts 17 days, giving it an annualized return rate of 58.9% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Autonation Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of AN stock at $122.13 per share and sell one contract of the Autonation Inc June 17, 2022 120 call for $5.83 for a net debit of $116.30 per share. This trade lasts 17 days, giving it an annualized return rate of 55.3% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Howmet Aerospace Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of HWM stock at $36.03 per share and sell one contract of the Howmet Aerospace Inc June 17, 2022 36 call for $1.13 for a net debit of $34.90 per share. This trade lasts 17 days, giving it an annualized return rate of 54.8% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Chevron Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of CVX stock at $178.28 per share and sell one contract of the Chevron Corp June 10, 2022 177.5 call for $4.32 for a net debit of $173.96 per share. This trade lasts 10 days, giving it an annualized return rate of 53.1% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on BP Plc ADR has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of BP stock at $32.56 per share and sell one contract of the BP Plc ADR June 17, 2022 32.5 call for $1.01 for a net debit of $31.55 per share. This trade lasts 17 days, giving it an annualized return rate of 52.4% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Northrop Grumman Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of NOC stock at $470.76 per share and sell one contract of the Northrop Grumman Corp June 10, 2022 470 call for $9.75 for a net debit of $461.01 per share. This trade lasts 10 days, giving it an annualized return rate of 50.8% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Exxon Mobil Corp has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of XOM stock at $97.59 per share and sell one contract of the Exxon Mobil Corp June 17, 2022 97.5 call for $2.82 for a net debit of $94.77 per share. This trade lasts 17 days, giving it an annualized return rate of 50.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Imperial Oil Ltd has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of IMO stock at $55.91 per share and sell one contract of the Imperial Oil Ltd June 17, 2022 55 call for $2.44 for a net debit of $53.48 per share. This trade lasts 17 days, giving it an annualized return rate of 49.6% The risk assessment of this trade is 2 keys, (Considerable 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 Marathon Oil Corporation (MRO), Occidental Petroleum Corporation (OXY) and Devon Energy Corp (DVN) are moving higher this morning, while PVH Corp (PVH), Under Armour Inc Class C (UA) and Albemarle Corporation (ALB) are headed lower. DISH Network Corp (DISH), Grab Holdings Ltd (GRAB) and Zoom Video Communications Inc (ZM) were upgraded by analysts this morning, while Cheniere Energy Partners LP (CQP), Essex Property Trust Inc (ESS) and Vornado Realty Trust (VNO) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.38%, the Shanghai SE Composite Index is up 1.19%, the Nikkei 225 is down -0.33% the Mumbai Sensex is down -0.64% and the Australia ASX All Ordinaries is down -0.9%. In Europe stocks are mixed. The FTSE 100 is up 0.39%, the DAX is down -0.87%, the Euro Stoxx 50 is down -0.88% and the CAC 40 is down -0.99%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 3.73 at 118.8 per barrel. Brent crude is up 2 at 123.67 per barrel. Natural Gas is down -0.23 at 8.5. Precious metals are mixed this morning. Gold is down -6 at 1849.23 per ounce. Platinum is up 3.78 at 964.7 while silver is down -0.58 at 21.52. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound. Bitcoin is up 3.5% to $31,748.18 while Ethereum is up 3.87% to $1,975.12. Equity PUT/CALL RATIO Yesterday, 1,646,368 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 809,815 put contracts. The single-session put/call ratio was 0.49. TODAY'S ECONOMIC CALENDAR Chicago PMI May 9:45 Consumer Confidence May 10:00AM EARNINGS EXPECTED TODAY: BEKE, HPQ, CRM, VSCO, APPS, SPWH, AMBA |
