MORNING UPDATE: PriceWatch Alerts for QCOM and More... for 2021-12-08 |
| PriceWatch Alerts for QCOM, BMRN, OKE, TRGP, F ,TXT, EXTR, MCK, INTU and LPX. Today's optimal covered call on Qualcomm Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of QCOM stock at $183.72 per share and sell one contract of the Qualcomm Inc December 17, 2021 182.5 call for $4.83 for a net debit of $178.89 per share. This trade lasts 9 days, giving it an annualized return rate of 73.7% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Biomarin Pharmaceuticals has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of BMRN stock at $86.12 per share and sell one contract of the Biomarin Pharmaceuticals December 17, 2021 85 call for $2.78 for a net debit of $83.34 per share. This trade lasts 9 days, giving it an annualized return rate of 72.9% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Oneok Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of OKE stock at $62.68 per share and sell one contract of the Oneok Inc December 17, 2021 62.5 call for $1.36 for a net debit of $61.32 per share. This trade lasts 9 days, giving it an annualized return rate of 70.5% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Targa Resources has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of TRGP stock at $53.38 per share and sell one contract of the Targa Resources December 17, 2021 52.5 call for $1.88 for a net debit of $51.50 per share. This trade lasts 9 days, giving it an annualized return rate of 70.5% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Ford Motor Company has an assigned return rate of 4.6%. To enter this trade, buy 100 shares of F stock at $19.96 per share and sell one contract of the Ford Motor Company December 31, 2021 20 call for $0.84 for a net debit of $19.12 per share. This trade lasts 23 days, giving it an annualized return rate of 69.6% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Textron Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of TXT stock at $75.23 per share and sell one contract of the Textron Inc December 17, 2021 75 call for $1.63 for a net debit of $73.60 per share. This trade lasts 9 days, giving it an annualized return rate of 69.4% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Extreme Networks has an assigned return rate of 8.1%. To enter this trade, buy 100 shares of EXTR stock at $14.01 per share and sell one contract of the Extreme Networks January 21, 2022 14 call for $1.06 for a net debit of $12.95 per share. This trade lasts 44 days, giving it an annualized return rate of 66.1% 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 1.8%. To enter this trade, buy 100 shares of MCK stock at $224.57 per share and sell one contract of the Mckesson Corp December 17, 2021 225 call for $3.57 for a net debit of $221.00 per share. This trade lasts 9 days, giving it an annualized return rate of 66.1% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Intuit Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of INTU stock at $673.30 per share and sell one contract of the Intuit Inc December 17, 2021 670 call for $15.13 for a net debit of $658.17 per share. This trade lasts 9 days, giving it an annualized return rate of 65.6% 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 1.8%. To enter this trade, buy 100 shares of LPX stock at $74.27 per share and sell one contract of the Louisiana-Pacific Corp December 17, 2021 72.5 call for $3.04 for a net debit of $71.23 per share. This trade lasts 9 days, giving it an annualized return rate of 65.1% The risk assessment of this trade is 4 keys, (Low 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 Stanley Black & Decker, Inc. (SWK), Live Nation Entertainment, Inc. (LYV) and Norwegian Cruise Line Holdings Ltd (NCLH) are moving higher this morning, while Allegion PLC (ALLE), DXC Technology Co (DXC) and American Water Works Company Inc (AWK) are headed lower. Essential Utilities Inc (WTRG), SVB Financial Group (SIVB) and Prometheus Biosciences Inc (RXDX) were upgraded by analysts this morning, while Republic Bancorp, Inc. KY (RBCAA), Evercore Inc (EVR) and Montrose Environmental Group Inc (MEG) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Mumbai Sensex is up 1.76%, the Nikkei 225 is up 1.42%, the Australia ASX All Ordinaries is up 1.34% the Shanghai SE Composite Index is up 1.18% and the Hang Seng is up 0.06%. In Europe stocks are mixed. The FTSE 100 is up 0.13%, the CAC 40 is down -0.15%, the Euro Stoxx 50 is down -0.39% and the DAX is down -0.52%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.27 at 72.32 per barrel. Brent crude is up 0.43 at 75.87 per barrel. Natural Gas is up 0.15 at 3.86. Precious metals are mixed this morning. Gold is up 0.58 at 1784.71 per ounce. Platinum is up 2.06 at 958.57 while silver is down -0.16 at 22.37. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound. Equity PUT/CALL RATIO Yesterday, 1,702,646 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 726,147 put contracts. The single-session put/call ratio was 0.43. TODAY'S ECONOMIC CALENDAR MBA Mortgage Applications Index 12/4 7:00 EIA Crude Oil Inventories 12/4 10:30 EARNINGS EXPECTED TODAY: UNFI, CPB, GEF, GME, CURV |
