MORNING UPDATE: PriceWatch Alerts for TECK and More... for 2021-06-07 |
| PriceWatch Alerts for TECK, ELY, FL, TWTR, SIX ,CC, TRGP, TGI, ON and TCOM. Today's optimal covered call on Teck Resources Ltd has an assigned return rate of 4.0%. To enter this trade, buy 100 shares of TECK stock at $24.73 per share and sell one contract of the Teck Resources Ltd June 25, 2021 24.5 call for $1.18 for a net debit of $23.55 per share. This trade lasts 18 days, giving it an annualized return rate of 70.1% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Callaway Golf Company has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of ELY stock at $35.31 per share and sell one contract of the Callaway Golf Company June 18, 2021 35 call for $1.21 for a net debit of $34.10 per share. This trade lasts 11 days, giving it an annualized return rate of 68.8% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Footlocker Inc has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of FL stock at $62.07 per share and sell one contract of the Footlocker Inc June 18, 2021 62 call for $1.66 for a net debit of $60.41 per share. This trade lasts 11 days, giving it an annualized return rate of 68.6% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Twitter Inc has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of TWTR stock at $59.00 per share and sell one contract of the Twitter Inc June 18, 2021 58.5 call for $1.99 for a net debit of $57.01 per share. This trade lasts 11 days, giving it an annualized return rate of 68.0% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Six Flags Entertainment Corp has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of SIX stock at $45.93 per share and sell one contract of the Six Flags Entertainment Corp June 18, 2021 45 call for $2.07 for a net debit of $43.86 per share. This trade lasts 11 days, giving it an annualized return rate of 67.8% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Chemours Company has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of CC stock at $37.19 per share and sell one contract of the Chemours Company June 18, 2021 37 call for $1.11 for a net debit of $36.08 per share. This trade lasts 11 days, giving it an annualized return rate of 66.5% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Targa Resources has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of TRGP stock at $46.26 per share and sell one contract of the Targa Resources June 18, 2021 46 call for $1.38 for a net debit of $44.88 per share. This trade lasts 11 days, giving it an annualized return rate of 64.8% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Triumph Group has an assigned return rate of 7.4%. To enter this trade, buy 100 shares of TGI stock at $20.18 per share and sell one contract of the Triumph Group July 16, 2021 20 call for $1.56 for a net debit of $18.61 per share. This trade lasts 39 days, giving it an annualized return rate of 64.7% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on On Semiconductor has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of ON stock at $38.21 per share and sell one contract of the On Semiconductor June 18, 2021 38 call for $1.12 for a net debit of $37.09 per share. This trade lasts 11 days, giving it an annualized return rate of 63.6% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Trip.com Group Ltd has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of TCOM stock at $39.24 per share and sell one contract of the Trip.com Group Ltd June 18, 2021 39 call for $1.16 for a net debit of $38.08 per share. This trade lasts 11 days, giving it an annualized return rate of 63.3% 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)! 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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(AAP), PulteGroup, Inc. (PHM) and CF Industries Holdings, Inc. (CF) are moving higher this morning, while BorgWarner Inc. (BWA), Assurant, Inc. (AIZ) and Freeport-McMoRan Inc (FCX) are headed lower. Marriott Vacations Worldwide Corp (VAC), Visa Inc (V) and Splunk Inc (SPLK) were upgraded by analysts this morning, while NEWTEK Business Services Corp (NEWT), Harpoon Therapeutics Inc (HARP) and AutoZone, Inc. (AZO) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.44%, the Nikkei 225 is up 0.27%, the Shanghai SE Composite Index is up 0.21% the Australia ASX All Ordinaries is down -0.16% and the Hang Seng is down -0.45%. In Europe stocks are up. The FTSE 100 is up 0.38%, the CAC 40 is up 0.34%, the Euro Stoxx 50 is up 0.25% and the DAX is up 0.1%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.1 at 69.52 per barrel. Brent crude is down -0.14 at 71.75 per barrel. Natural Gas is down -0.03 at 3.07. Precious metals are mixed this morning. Gold is down -4.91 at 1886.68 per ounce. Platinum is up 1.88 at 1171.21 while silver is down -0.2 at 27.7. 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, 2,116,966 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 941,667 put contracts. The single-session put/call ratio was 0.44. TODAY'S ECONOMIC CALENDAR Consumer Credit Apr 15:00 ET EARNINGS EXPECTED TODAY: SDVKY,MRVL,KMTUY,TRUMY,COUP,FUJHY,MTN |
