MORNING UPDATE: PriceWatch Alerts for CMA and More...
PriceWatch Alerts for CMA, AN, ADBE, NKE, SNV ,SCHW, COST, JPM, HCA and ABT.
Today's optimal covered call on Comerica Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of CMA stock at $87.66 per share and sell one contract of the Comerica Inc November 19, 2021 87.5 call for $2.08 for a net debit of $85.58 per share. This trade lasts 14 days, giving it an annualized return rate of 54.6% 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 2.2%. To enter this trade, buy 100 shares of AN stock at $122.03 per share and sell one contract of the Autonation Inc November 19, 2021 120 call for $4.65 for a net debit of $117.38 per share. This trade lasts 14 days, giving it an annualized return rate of 54.3% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Adobe Systems Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of ADBE stock at $674.08 per share and sell one contract of the Adobe Systems Inc November 12, 2021 670 call for $11.86 for a net debit of $662.22 per share. This trade lasts 7 days, giving it an annualized return rate of 53.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Nike Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of NKE stock at $175.44 per share and sell one contract of the Nike Inc November 12, 2021 175 call for $2.44 for a net debit of $173.00 per share. This trade lasts 7 days, giving it an annualized return rate of 52.8% 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 2.1%. To enter this trade, buy 100 shares of SNV stock at $49.19 per share and sell one contract of the Synovus Financial Corp November 19, 2021 49 call for $1.22 for a net debit of $47.98 per share. This trade lasts 14 days, giving it an annualized return rate of 52.0% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on The Charles Schwab Corp has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of SCHW stock at $81.45 per share and sell one contract of the The Charles Schwab Corp November 12, 2021 81 call for $1.33 for a net debit of $80.12 per share. This trade lasts 7 days, giving it an annualized return rate of 50.1% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Costco Wholesale has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of COST stock at $515.62 per share and sell one contract of the Costco Wholesale November 12, 2021 515 call for $6.19 for a net debit of $509.43 per share. This trade lasts 7 days, giving it an annualized return rate of 49.9% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on JP Morgan Chase & Company has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of JPM stock at $168.29 per share and sell one contract of the JP Morgan Chase & Company November 12, 2021 167.5 call for $2.50 for a net debit of $165.78 per share. This trade lasts 7 days, giving it an annualized return rate of 47.2% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Hca Holdings Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of HCA stock at $247.41 per share and sell one contract of the Hca Holdings Inc November 19, 2021 247.5 call for $4.52 for a net debit of $242.89 per share. This trade lasts 14 days, giving it an annualized return rate of 46.2% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Abbott Laboratories has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of ABT stock at $129.09 per share and sell one contract of the Abbott Laboratories November 12, 2021 129 call for $1.35 for a net debit of $127.74 per share. This trade lasts 7 days, giving it an annualized return rate of 45.1% 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)! 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
Pfizer Inc. (PFE), Live Nation Entertainment, Inc. (LYV) and Delta Air Lines, Inc. (DAL) are moving higher this morning, while Merck & Co., Inc. (MRK), Mosaic Co (MOS) and Arista Networks Inc (ANET) are headed lower. Apollo Global Management Inc Class A (APO), Bigcommerce Holdings Inc (BIGC) and Theravance Biopharma Inc (TBPH) were upgraded by analysts this morning, while B&G Foods, Inc. (BGS), CryoPort Inc (CYRX) and Skyworks Solutions Inc (SWKS) were downgraded.
INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Mumbai Sensex is up 0.49%, the Australia ASX All Ordinaries is up 0.4%, the Nikkei 225 is down -0.61% the Shanghai SE Composite Index is down -1% and the Hang Seng is down -1.41%. In Europe stocks are up. The CAC 40 is up 0.76%, the Euro Stoxx 50 is up 0.67%, the FTSE 100 is up 0.43% and the DAX is up 0.1%.
FUTURES & CURRENCIES
Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 1.02 at 79.83 per barrel. Brent crude is up 0.84 at 81.38 per barrel. Natural Gas is down -0.06 at 5.66. Precious metals are mixed this morning. Gold is up 1.26 at 1793.3 per ounce. Platinum is down -0.28 at 1028.54 while silver is down -0.06 at 23.86. 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.
Equity PUT/CALL RATIO
Yesterday, 2,691,258 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,045,173 put contracts. The single-session put/call ratio was 0.39.
TODAY'S ECONOMIC CALENDAR
Nonfarm Payrolls Oct 8:30
Unemployment Rate Oct 8:30
Average Hourly Earnings Oct 8:30
EARNINGS EXPECTED TODAY:
ENB, MGA JCI, GT, TEN, D, TRP, FLR, SRE, TSE
Today's optimal covered call on Comerica Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of CMA stock at $87.66 per share and sell one contract of the Comerica Inc November 19, 2021 87.5 call for $2.08 for a net debit of $85.58 per share. This trade lasts 14 days, giving it an annualized return rate of 54.6% 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 2.2%. To enter this trade, buy 100 shares of AN stock at $122.03 per share and sell one contract of the Autonation Inc November 19, 2021 120 call for $4.65 for a net debit of $117.38 per share. This trade lasts 14 days, giving it an annualized return rate of 54.3% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Adobe Systems Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of ADBE stock at $674.08 per share and sell one contract of the Adobe Systems Inc November 12, 2021 670 call for $11.86 for a net debit of $662.22 per share. This trade lasts 7 days, giving it an annualized return rate of 53.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Nike Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of NKE stock at $175.44 per share and sell one contract of the Nike Inc November 12, 2021 175 call for $2.44 for a net debit of $173.00 per share. This trade lasts 7 days, giving it an annualized return rate of 52.8% 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 2.1%. To enter this trade, buy 100 shares of SNV stock at $49.19 per share and sell one contract of the Synovus Financial Corp November 19, 2021 49 call for $1.22 for a net debit of $47.98 per share. This trade lasts 14 days, giving it an annualized return rate of 52.0% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on The Charles Schwab Corp has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of SCHW stock at $81.45 per share and sell one contract of the The Charles Schwab Corp November 12, 2021 81 call for $1.33 for a net debit of $80.12 per share. This trade lasts 7 days, giving it an annualized return rate of 50.1% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Costco Wholesale has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of COST stock at $515.62 per share and sell one contract of the Costco Wholesale November 12, 2021 515 call for $6.19 for a net debit of $509.43 per share. This trade lasts 7 days, giving it an annualized return rate of 49.9% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on JP Morgan Chase & Company has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of JPM stock at $168.29 per share and sell one contract of the JP Morgan Chase & Company November 12, 2021 167.5 call for $2.50 for a net debit of $165.78 per share. This trade lasts 7 days, giving it an annualized return rate of 47.2% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Hca Holdings Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of HCA stock at $247.41 per share and sell one contract of the Hca Holdings Inc November 19, 2021 247.5 call for $4.52 for a net debit of $242.89 per share. This trade lasts 14 days, giving it an annualized return rate of 46.2% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Abbott Laboratories has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of ABT stock at $129.09 per share and sell one contract of the Abbott Laboratories November 12, 2021 129 call for $1.35 for a net debit of $127.74 per share. This trade lasts 7 days, giving it an annualized return rate of 45.1% 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)! 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
Pfizer Inc. (PFE), Live Nation Entertainment, Inc. (LYV) and Delta Air Lines, Inc. (DAL) are moving higher this morning, while Merck & Co., Inc. (MRK), Mosaic Co (MOS) and Arista Networks Inc (ANET) are headed lower. Apollo Global Management Inc Class A (APO), Bigcommerce Holdings Inc (BIGC) and Theravance Biopharma Inc (TBPH) were upgraded by analysts this morning, while B&G Foods, Inc. (BGS), CryoPort Inc (CYRX) and Skyworks Solutions Inc (SWKS) were downgraded.
INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Mumbai Sensex is up 0.49%, the Australia ASX All Ordinaries is up 0.4%, the Nikkei 225 is down -0.61% the Shanghai SE Composite Index is down -1% and the Hang Seng is down -1.41%. In Europe stocks are up. The CAC 40 is up 0.76%, the Euro Stoxx 50 is up 0.67%, the FTSE 100 is up 0.43% and the DAX is up 0.1%.
FUTURES & CURRENCIES
Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 1.02 at 79.83 per barrel. Brent crude is up 0.84 at 81.38 per barrel. Natural Gas is down -0.06 at 5.66. Precious metals are mixed this morning. Gold is up 1.26 at 1793.3 per ounce. Platinum is down -0.28 at 1028.54 while silver is down -0.06 at 23.86. 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.
Equity PUT/CALL RATIO
Yesterday, 2,691,258 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,045,173 put contracts. The single-session put/call ratio was 0.39.
TODAY'S ECONOMIC CALENDAR
Nonfarm Payrolls Oct 8:30
Unemployment Rate Oct 8:30
Average Hourly Earnings Oct 8:30
EARNINGS EXPECTED TODAY:
ENB, MGA JCI, GT, TEN, D, TRP, FLR, SRE, TSE
