MORNING UPDATE: PriceWatch Alerts for ADI and More... for 2021-09-20 |
| PriceWatch Alerts for ADI, HD, LOW, BRCM, STMTC ,BMO, CPRT, COGL, BJ and PINC. Today's optimal covered call on Analog Devices has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of ADI stock at $171.52 per share and sell one contract of the Analog Devices October 01, 2021 170 call for $4.05 for a net debit of $167.47 per share. This trade lasts 11 days, giving it an annualized return rate of 39.4% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Home Depot has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of HD stock at $335.67 per share and sell one contract of the Home Depot October 01, 2021 335 call for $5.04 for a net debit of $330.63 per share. This trade lasts 11 days, giving it an annualized return rate of 34.5% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Lowe's Companies has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of LOW stock at $209.03 per share and sell one contract of the Lowe's Companies October 01, 2021 207.5 call for $3.98 for a net debit of $205.05 per share. This trade lasts 11 days, giving it an annualized return rate of 31.2% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Broadcom Ltd has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of AVGO stock at $506.00 per share and sell one contract of the Broadcom Ltd October 08, 2021 505 call for $9.25 for a net debit of $496.75 per share. This trade lasts 18 days, giving it an annualized return rate of 28.9% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Semtech Corp has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of SMTC stock at $77.65 per share and sell one contract of the Semtech Corp October 15, 2021 75 call for $4.04 for a net debit of $73.61 per share. This trade lasts 25 days, giving it an annualized return rate of 24.6% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Bank of Montreal has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of BMO stock at $100.29 per share and sell one contract of the Bank of Montreal October 15, 2021 100 call for $2.12 for a net debit of $98.18 per share. This trade lasts 25 days, giving it an annualized return rate of 24.2% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Copart Inc has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of CPRT stock at $143.95 per share and sell one contract of the Copart Inc October 15, 2021 140 call for $6.13 for a net debit of $137.82 per share. This trade lasts 25 days, giving it an annualized return rate of 20.6% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Golden Ocean Gp has an assigned return rate of 9.3%. To enter this trade, buy 100 shares of GOGL stock at $11.21 per share and sell one contract of the Golden Ocean Gp March 18, 2022 10 call for $2.06 for a net debit of $9.15 per share. This trade lasts 179 days, giving it an annualized return rate of 18.8% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Bj's Wholesale Club Holdings Inc has an assigned return rate of 9.5%. To enter this trade, buy 100 shares of BJ stock at $58.74 per share and sell one contract of the Bj's Wholesale Club Holdings Inc May 20, 2022 55 call for $8.52 for a net debit of $50.22 per share. This trade lasts 242 days, giving it an annualized return rate of 14.2% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Premier Inc Cl A has an assigned return rate of 4.3%. To enter this trade, buy 100 shares of PINC stock at $38.98 per share and sell one contract of the Premier Inc Cl A March 18, 2022 35 call for $5.43 for a net debit of $33.55 per share. This trade lasts 179 days, giving it an annualized return rate of 8.7% 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)! 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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 Colgate-Palmolive Company (CL), Fortune Brands Home & Security Inc (FBHS) and Zoetis Inc (ZTS) are moving higher this morning, while Freeport-McMoRan Inc (FCX), Nucor Corporation (NUE) and Occidental Petroleum Corporation (OXY) are headed lower. Astronics Corporation (ATRO), W R Berkley Corp (WRB) and Forte Biosciences Inc (FBRX) were upgraded by analysts this morning, while Texas Instruments Incorporated (TXN), Novartis AG (NVS) and Banco Santander SA (SAN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 0.58%, the Shanghai SE Composite Index is up 0.19%, the Mumbai Sensex is down -0.89% the Australia ASX All Ordinaries is down -2.14% and the Hang Seng is down -3.3%. Stocks in Europe are down. The DAX is down -2.84%, the Euro Stoxx 50 is down -2.78%, the CAC 40 is down -2.66% and the FTSE 100 is down -1.72%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down -1.81 at 70.76 per barrel. Brent crude is down -1.55 at 73.79 per barrel. Natural Gas is down -0.03 at 5.08. Precious metals are mixed this morning. Gold is up 4.91 at 1759.25 per ounce. Platinum is down -13.75 at 929.04 while silver is down -0.01 at 22.33. 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, 2,237,044 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,252,097 put contracts. The single-session put/call ratio was 0.56. TODAY'S ECONOMIC CALENDAR NAHB Housing Market Index Sep 10:00 AM EARNINGS EXPECTED TODAY: CGNT, LEN |
