MORNING UPDATE: PriceWatch Alerts for AVGO and More... for 2021-07-06 |
| PriceWatch Alerts for AVGO, WGO, PD, LULU, AAP ,ADBE, NTAP, CIEN, SMAR and MOMO. Today's optimal covered call on Broadcom Ltd has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of AVGO stock at $468.17 per share and sell one contract of the Broadcom Ltd July 16, 2021 467.5 call for $7.65 for a net debit of $460.52 per share. This trade lasts 10 days, giving it an annualized return rate of 39.5% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Winnebago Industries has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of WGO stock at $67.52 per share and sell one contract of the Winnebago Industries July 16, 2021 65 call for $3.43 for a net debit of $64.09 per share. This trade lasts 10 days, giving it an annualized return rate of 37.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Pagerduty Inc has an assigned return rate of 4.7%. To enter this trade, buy 100 shares of PD stock at $42.21 per share and sell one contract of the Pagerduty Inc August 20, 2021 40 call for $4.01 for a net debit of $38.20 per share. This trade lasts 45 days, giving it an annualized return rate of 35.1% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Lululemon Athletica has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of LULU stock at $368.47 per share and sell one contract of the Lululemon Athletica July 23, 2021 367.5 call for $8.20 for a net debit of $360.28 per share. This trade lasts 17 days, giving it an annualized return rate of 34.9% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Advance Auto Parts Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of AAP stock at $211.05 per share and sell one contract of the Advance Auto Parts Inc July 16, 2021 210 call for $3.73 for a net debit of $207.32 per share. This trade lasts 10 days, giving it an annualized return rate of 33.7% 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 1.9%. To enter this trade, buy 100 shares of ADBE stock at $593.07 per share and sell one contract of the Adobe Systems Inc July 23, 2021 592.5 call for $11.64 for a net debit of $581.43 per share. This trade lasts 17 days, giving it an annualized return rate of 33.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Netapp Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of NTAP stock at $82.99 per share and sell one contract of the Netapp Inc July 16, 2021 83 call for $1.01 for a net debit of $81.98 per share. This trade lasts 10 days, giving it an annualized return rate of 32.6% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Ciena Corp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of CIEN stock at $57.92 per share and sell one contract of the Ciena Corp July 23, 2021 57.5 call for $1.40 for a net debit of $56.52 per share. This trade lasts 17 days, giving it an annualized return rate of 30.0% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Smartsheet Inc Cl A has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of SMAR stock at $73.47 per share and sell one contract of the Smartsheet Inc Cl A August 20, 2021 70 call for $5.93 for a net debit of $67.54 per share. This trade lasts 45 days, giving it an annualized return rate of 27.1% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Momo Inc ADR has an assigned return rate of 7.4%. To enter this trade, buy 100 shares of MOMO stock at $15.11 per share and sell one contract of the Momo Inc ADR October 15, 2021 14.38 call for $1.72 for a net debit of $13.39 per share. This trade lasts 101 days, giving it an annualized return rate of 25.8% 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)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. 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STOCKS ON THE MOVE American Express Company (AXP), Freeport-McMoRan Inc (FCX) and Marathon Oil Corporation (MRO) are moving higher this morning, while Centene Corp (CNC), Emerson Electric Co. (EMR) and Domino's Pizza, Inc. (DPZ) are headed lower. Principal Financial Group Inc (PFG), Ingersoll Rand Inc (IR) and Hologic, Inc. (HOLX) were upgraded by analysts this morning, while Virgin Galactic Holdings Inc (SPCE), Santander Consumer USA Holdings Inc (SC) and Nevro Corp (NVRO) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Australia ASX All Ordinaries is down -0.76%, the Hang Seng is down -0.25%, the Shanghai SE Composite Index is down -0.12% the Mumbai Sensex is down -0.04% and the Nikkei 225 is up 0.16%.Stocks in Europe are down. The DAX is down -0.3%, the CAC 40 is down -0.25%, the Euro Stoxx 50 is down -0.21% and the FTSE 100 is down -0.18%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.7 at 75.86 per barrel. Brent crude is down -0.26 at 76.9 per barrel. Natural Gas is up 0.05 at 3.75. Precious metals are up this morning. Gold is up 16.27 at 1808.04 per ounce. Platinum is up 10.04 at 1110.6 while silver is up 0.28 at 26.79. 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, 2,169,024 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,112,185 put contracts. The single-session put/call ratio was 0.51. TODAY'S ECONOMIC CALENDAR ISM Non-Manufacturing Index Jun 10:00 ET EARNINGS EXPECTED TODAY: IDCBY, PDYPY, KUBTY, SAUHF, SYIEY |
