MORNING UPDATE: PriceWatch Alerts for PNC and More... for 2021-11-04 |
| PriceWatch Alerts for PNC, AN, TSCO, ORCL, DHR ,FRC, SNV, INFO, PPG and JPM. Today's optimal covered call on PNC Bank has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of PNC stock at $212.70 per share and sell one contract of the PNC Bank November 12, 2021 212.5 call for $2.98 for a net debit of $209.72 per share. This trade lasts 8 days, giving it an annualized return rate of 53.7% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Autonation Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of AN stock at $122.38 per share and sell one contract of the Autonation Inc November 19, 2021 120 call for $5.13 for a net debit of $117.25 per share. This trade lasts 15 days, giving it an annualized return rate of 53.5% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Tractor Supply Company has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of TSCO stock at $215.77 per share and sell one contract of the Tractor Supply Company November 12, 2021 215 call for $3.55 for a net debit of $212.22 per share. This trade lasts 8 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 Oracle Corp has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of ORCL stock at $96.15 per share and sell one contract of the Oracle Corp November 12, 2021 96 call for $1.37 for a net debit of $94.78 per share. This trade lasts 8 days, giving it an annualized return rate of 52.1% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Danaher Corp has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of DHR stock at $310.85 per share and sell one contract of the Danaher Corp November 12, 2021 310 call for $4.76 for a net debit of $306.09 per share. This trade lasts 8 days, giving it an annualized return rate of 51.8% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on First Republic Bank has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of FRC stock at $219.70 per share and sell one contract of the First Republic Bank November 19, 2021 220 call for $4.57 for a net debit of $215.13 per share. This trade lasts 15 days, giving it an annualized return rate of 51.6% The risk assessment of this trade is 2 keys, (Considerable 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 $49.27 per share and sell one contract of the Synovus Financial Corp November 19, 2021 49 call for $1.27 for a net debit of $48.00 per share. This trade lasts 15 days, giving it an annualized return rate of 47.8% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on IHS Markit Ltd has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of INFO stock at $125.58 per share and sell one contract of the IHS Markit Ltd November 19, 2021 125 call for $3.11 for a net debit of $122.47 per share. This trade lasts 15 days, giving it an annualized return rate of 47.1% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on PPG Industries has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of PPG stock at $162.81 per share and sell one contract of the PPG Industries November 12, 2021 162.5 call for $2.14 for a net debit of $160.67 per share. This trade lasts 8 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 JP Morgan Chase & Company has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of JPM stock at $170.53 per share and sell one contract of the JP Morgan Chase & Company November 12, 2021 170 call for $2.43 for a net debit of $168.10 per share. This trade lasts 8 days, giving it an annualized return rate of 45.9% 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)! 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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 Albemarle Corporation (ALB), Parker-Hannifin Corp (PH) and Merck & Co., Inc. (MRK) are moving higher this morning, while Fidelity National Information Servcs Inc (FIS), Ball Corporation (BLL) and Ceridian HCM Holding Inc (CDAY) are headed lower. BlueLinx Holdings Inc. (BXC), Shore Bancshares, Inc. (SHBI) and QUALCOMM, Inc. (QCOM) were upgraded by analysts this morning, while Starbucks Corporation (SBUX), Zillow Group Inc Class A (ZG) and Upland Software Inc (UPLD) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 0.93%, the Shanghai SE Composite Index is up 0.81%, the Hang Seng is up 0.8% the Australia ASX All Ordinaries is up 0.43% and the Mumbai Sensex is down -0.43%. In Europe stocks are up. The DAX is up 0.55%, the Euro Stoxx 50 is up 0.49%, the CAC 40 is up 0.43% and the FTSE 100 is up 0.31%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 1.6 at 82.46 per barrel. Brent crude is up 1.82 at 83.81 per barrel. Natural Gas is up 0.02 at 5.69. Precious metals are up this morning. Gold is up 12.19 at 1782.03 per ounce. Platinum is up 9.69 at 1042.22 while silver is up 0.57 at 23.81. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and up against the Pound. Equity PUT/CALL RATIO Yesterday, 2,289,531 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 895,868 put contracts. The single-session put/call ratio was 0.39. TODAY'S ECONOMIC CALENDAR Continuing Claims 10/23 08:30 ET Initial Claims 10/30 08:30 ET EARNINGS EXPECTED TODAY: BABA, CICHY, MRNA, SQ, ABNB, ZTS, PTR, UBER, ENLAY, DUK, MELI |
