MORNING UPDATE: PriceWatch Alerts for PGR and More... for 2021-07-22 |
| PriceWatch Alerts for PGR, VNQ, XLV, PAYX, VIG ,FAST, SPLV, XLU, JEF and DBA. Today's optimal covered call on Progressive Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of PGR stock at $94.01 per share and sell one contract of the Progressive Corp August 20, 2021 92.5 call for $2.93 for a net debit of $91.08 per share. This trade lasts 29 days, giving it an annualized return rate of 19.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Real Estate Vanguard ETF has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of VNQ stock at $105.82 per share and sell one contract of the Real Estate Vanguard ETF August 20, 2021 105 call for $2.42 for a net debit of $103.40 per share. This trade lasts 29 days, giving it an annualized return rate of 18.8% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on S&P 500 Healthcare Sector SPDR has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of XLV stock at $129.03 per share and sell one contract of the S&P 500 Healthcare Sector SPDR August 13, 2021 128.5 call for $1.65 for a net debit of $127.38 per share. This trade lasts 22 days, giving it an annualized return rate of 14.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Paychex Inc has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of PAYX stock at $111.39 per share and sell one contract of the Paychex Inc August 20, 2021 110 call for $2.52 for a net debit of $108.87 per share. This trade lasts 29 days, giving it an annualized return rate of 12.6% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Dividend Appreciation ETF Vangua has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of VIG stock at $158.05 per share and sell one contract of the Dividend Appreciation ETF Vangua September 17, 2021 158 call for $3.04 for a net debit of $155.01 per share. This trade lasts 57 days, giving it an annualized return rate of 12.1% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Fastenal Company has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of FAST stock at $54.24 per share and sell one contract of the Fastenal Company November 19, 2021 52.5 call for $3.62 for a net debit of $50.62 per share. This trade lasts 120 days, giving it an annualized return rate of 11.2% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on S&P 500 Low Vol Invesco ETF has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of SPLV stock at $62.25 per share and sell one contract of the S&P 500 Low Vol Invesco ETF September 17, 2021 62 call for $1.32 for a net debit of $60.92 per share. This trade lasts 57 days, giving it an annualized return rate of 11.1% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on S&P 500 Utilities Sector SPDR has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of XLU stock at $64.78 per share and sell one contract of the S&P 500 Utilities Sector SPDR December 17, 2021 64 call for $2.94 for a net debit of $61.84 per share. This trade lasts 148 days, giving it an annualized return rate of 8.5% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Jefferies Financial Group Inc has an assigned return rate of 5.3%. To enter this trade, buy 100 shares of JEF stock at $33.53 per share and sell one contract of the Jefferies Financial Group Inc March 18, 2022 30 call for $5.03 for a net debit of $28.50 per share. This trade lasts 239 days, giving it an annualized return rate of 8.0% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on DB Agriculture Fund Invesco has an assigned return rate of 7.4%. To enter this trade, buy 100 shares of DBA stock at $18.74 per share and sell one contract of the DB Agriculture Fund Invesco January 20, 2023 18 call for $1.98 for a net debit of $16.76 per share. This trade lasts 547 days, giving it an annualized return rate of 4.9% 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 Union Pacific Corporation (UNP), VF Corp (VFC) and Unum Group (UNM) are moving higher this morning, while D R Horton Inc (DHI), Kimco Realty Corp (KIM) and Las Vegas Sands Corp. (LVS) are headed lower. Airbnb Inc (ABNB), Chevron Corporation (CVX) and Vistra Corp (VST) were upgraded by analysts this morning, while AMC NETWORKS INC Common Stock (AMCX), Atlassian Corporation PLC (TEAM) and Texas Instruments Incorporated (TXN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Hang Seng is up 1.83%, the Mumbai Sensex is up 1.22%, the Australia ASX All Ordinaries is up 1.03% the Nikkei 225 is up 0.58% and the Shanghai SE Composite Index is up 0.34%. In Europe stocks are up. The Euro Stoxx 50 is up 1.2%, the DAX is up 0.92%, the CAC 40 is up 0.78% and the FTSE 100 is up 0.08%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.39 at 70.69 per barrel. Brent crude is up 0.42 at 72.65 per barrel. Natural Gas is down -0.02 at 3.94. Precious metals are down this morning. Gold is down -9.28 at 1794.38 per ounce. Platinum is down -1.36 at 1082.34 while silver is down -0.14 at 25.11. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and down against the Pound. Equity PUT/CALL RATIO Yesterday, 1,583,815 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 734,820 put contracts. The single-session put/call ratio was 0.46. TODAY'S ECONOMIC CALENDAR Continuing Claims 07/10 08:30 ET Initial Claims 07/17 08:30 ET Existing Home Sales Jun 10:00 ET EARNINGS EXPECTED TODAY: INTC, ABT, T, DHR, UNP, SNAP, DDAIF, ABB, COF, MMC, DASTY, BX, EW, TWTR, BIIB, NEM, FCX, DOW, AEP |
