MORNING UPDATE: PriceWatch Alerts for PNC and More... for 2021-11-08 |
| PriceWatch Alerts for PNC, CFG, TSCO, SNV, WAL ,ORCL, SCHW, STT, JBL and ADBE. Today's optimal covered call on PNC Bank has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of PNC stock at $207.10 per share and sell one contract of the PNC Bank November 19, 2021 207.5 call for $3.43 for a net debit of $203.67 per share. This trade lasts 11 days, giving it an annualized return rate of 49.0% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Citizens Financial Group Inc/Ri has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of CFG stock at $47.79 per share and sell one contract of the Citizens Financial Group Inc/Ri November 19, 2021 47.5 call for $1.16 for a net debit of $46.63 per share. This trade lasts 11 days, giving it an annualized return rate of 48.6% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Tractor Supply Company has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of TSCO stock at $220.05 per share and sell one contract of the Tractor Supply Company November 19, 2021 220 call for $4.06 for a net debit of $215.99 per share. This trade lasts 11 days, giving it an annualized return rate of 48.4% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Synovus Financial Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of SNV stock at $49.43 per share and sell one contract of the Synovus Financial Corp November 19, 2021 49 call for $1.32 for a net debit of $48.11 per share. This trade lasts 11 days, giving it an annualized return rate of 48.2% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Western Alliance Bancorp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of WAL stock at $117.40 per share and sell one contract of the Western Alliance Bancorp November 19, 2021 115 call for $4.48 for a net debit of $112.92 per share. This trade lasts 11 days, giving it an annualized return rate of 48.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Oracle Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of ORCL stock at $94.95 per share and sell one contract of the Oracle Corp November 19, 2021 95 call for $1.65 for a net debit of $93.30 per share. This trade lasts 11 days, giving it an annualized return rate of 47.5% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on The Charles Schwab Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of SCHW stock at $81.15 per share and sell one contract of the The Charles Schwab Corp November 19, 2021 81 call for $1.59 for a net debit of $79.56 per share. This trade lasts 11 days, giving it an annualized return rate of 47.3% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on State Street Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of STT stock at $95.67 per share and sell one contract of the State Street Corp November 19, 2021 95 call for $2.33 for a net debit of $93.34 per share. This trade lasts 11 days, giving it an annualized return rate of 46.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of JBL stock at $65.23 per share and sell one contract of the Jabil Circuit November 19, 2021 65 call for $1.36 for a net debit of $63.87 per share. This trade lasts 11 days, giving it an annualized return rate of 46.1% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Adobe Systems Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of ADBE stock at $662.72 per share and sell one contract of the Adobe Systems Inc November 19, 2021 660 call for $14.14 for a net debit of $648.58 per share. This trade lasts 11 days, giving it an annualized return rate of 45.9% 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)! 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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 Martin Marietta Materials, Inc. (MLM), United Rentals, Inc. (URI) and Vulcan Materials Company (VMC) are moving higher this morning, while Live Nation Entertainment, Inc. (LYV), Aptiv PLC (APTV) and DXC Technology Co (DXC) are headed lower. Interface, Inc. (TILE), Shaw Communications Inc Class B (SJR) and RenaissanceRe Holdings Ltd. (RNR) were upgraded by analysts this morning, while Aareal Bank AG (AAALF), UDR, Inc. (UDR) and Spire Inc (SR) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.8%, the Shanghai SE Composite Index is up 0.2%, the Australia ASX All Ordinaries is down -0.12% the Nikkei 225 is down -0.35% and the Hang Seng is down -0.43%. In Europe stocks are mixed. The CAC 40 is up 0.28%, the FTSE 100 is down -0.04%, the Euro Stoxx 50 is down -0.07% and the DAX is down -0.18%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.58 at 81.85 per barrel. Brent crude is up 0.59 at 83.33 per barrel. Natural Gas is down -0.09 at 5.42. Precious metals are mixed this morning. Gold is flat 0 at 1818.36 per ounce. Platinum is up 8.46 at 1044.69 while silver is up 0.16 at 24.32. 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. Equity PUT/CALL RATIO Yesterday, 2,729,641 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,207,536 put contracts. The single-session put/call ratio was 0.44. TODAY'S ECONOMIC CALENDAR None scheduled for today. EARNINGS EXPECTED TODAY: USFD, IMOS, VTRS, BEKE, TME, PYPL, IFF |
