MORNING UPDATE: PriceWatch Alerts for LYFT and More...
PriceWatch Alerts for LYFT, RCL, MOs, NVDA, DKS ,SIX, UPWK, SGMS, GOGO and AMAT.
Today's optimal covered call on Lyft Inc Cl A has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of LYFT stock at $57.09 per share and sell one contract of the Lyft Inc Cl A June 11, 2021 56 call for $2.51 for a net debit of $54.58 per share. This trade lasts 10 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 Royal Caribbean Cruises Ltd has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of RCL stock at $93.27 per share and sell one contract of the Royal Caribbean Cruises Ltd June 18, 2021 93 call for $3.72 for a net debit of $89.55 per share. This trade lasts 17 days, giving it an annualized return rate of 66.9% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Mosaic Company has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of MOS stock at $36.14 per share and sell one contract of the Mosaic Company June 11, 2021 36 call for $1.04 for a net debit of $35.10 per share. This trade lasts 10 days, giving it an annualized return rate of 66.8% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Nvidia Corp has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of NVDA stock at $649.78 per share and sell one contract of the Nvidia Corp June 11, 2021 650 call for $16.00 for a net debit of $633.78 per share. This trade lasts 10 days, giving it an annualized return rate of 66.7% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Dick's Sporting Goods Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of DKS stock at $97.53 per share and sell one contract of the Dick's Sporting Goods Inc June 11, 2021 97.5 call for $2.43 for a net debit of $95.10 per share. This trade lasts 10 days, giving it an annualized return rate of 65.7% 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 3.7%. To enter this trade, buy 100 shares of SIX stock at $45.43 per share and sell one contract of the Six Flags Entertainment Corp June 18, 2021 45 call for $2.02 for a net debit of $43.41 per share. This trade lasts 17 days, giving it an annualized return rate of 63.7% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Upwork Inc has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of UPWK stock at $47.07 per share and sell one contract of the Upwork Inc June 18, 2021 45 call for $3.62 for a net debit of $43.45 per share. This trade lasts 17 days, giving it an annualized return rate of 62.0% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Scientific Games has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of SGMS stock at $72.54 per share and sell one contract of the Scientific Games June 18, 2021 70 call for $4.95 for a net debit of $67.59 per share. This trade lasts 17 days, giving it an annualized return rate of 62.0% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Gogo Inc has an assigned return rate of 8.3%. To enter this trade, buy 100 shares of GOGO stock at $13.62 per share and sell one contract of the Gogo Inc July 16, 2021 13 call for $1.62 for a net debit of $12.00 per share. This trade lasts 45 days, giving it an annualized return rate of 61.7% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Applied Materials has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of AMAT stock at $138.13 per share and sell one contract of the Applied Materials June 11, 2021 138 call for $3.28 for a net debit of $134.86 per share. This trade lasts 10 days, giving it an annualized return rate of 60.8% The risk assessment of this trade is 5 keys, (The Lowest 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'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools!
Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today!
NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.
STOCKS ON THE MOVE
Devon Energy Corp (DVN), Occidental Petroleum Corporation (OXY) and Marathon Oil Corporation (MRO) are moving higher this morning, while Vornado Realty Trust (VNO), WEC Energy Group Inc (WEC) and DXC Technology Co (DXC) are headed lower. Affirm Holdings Inc (AFRM), Boeing Co (BA) and GFL Environmental Inc (GFL) were upgraded by analysts this morning, while Allison Transmission Holdings Inc (ALSN), F5 Networks, Inc. (FFIV) and TFI International Inc (TFII) were downgraded.
INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Hang Seng is up 1.08%, the Shanghai SE Composite Index is up 0.26%, the Mumbai Sensex is flat 0% the Nikkei 225 is down -0.16% and the Australia ASX All Ordinaries is down -0.2%. In Europe stocks are up. The DAX is up 1.7%, the Euro Stoxx 50 is up 1.52%, the FTSE 100 is up 1.24% and the CAC 40 is up 1.14%.
FUTURES & CURRENCIES
Energy futures are up today. The price for West Texas Intermediate crude oil is up 2.11 at 68.43 per barrel. Brent crude is up 1.65 at 70.97 per barrel. Natural Gas is up 0.08 at 3.08. Precious metals are mixed this morning. Gold is up 1.47 at 1908.34 per ounce. Platinum is down -5.13 at 1185.01 while silver is up 0.42 at 28.44. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.
Equity PUT/CALL RATIO
Yesterday, 2,253,286 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,005,645 put contracts. The single-session put/call ratio was 0.45.
TODAY'S ECONOMIC CALENDAR
ISM Manufacturing Index May 10:00 ET
EARNINGS EXPECTED TODAY:
ZM,BNS,PDYPY,HPE,STNE,KCOIHY,CGC,WEGRY,MDLA
Today's optimal covered call on Lyft Inc Cl A has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of LYFT stock at $57.09 per share and sell one contract of the Lyft Inc Cl A June 11, 2021 56 call for $2.51 for a net debit of $54.58 per share. This trade lasts 10 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 Royal Caribbean Cruises Ltd has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of RCL stock at $93.27 per share and sell one contract of the Royal Caribbean Cruises Ltd June 18, 2021 93 call for $3.72 for a net debit of $89.55 per share. This trade lasts 17 days, giving it an annualized return rate of 66.9% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Mosaic Company has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of MOS stock at $36.14 per share and sell one contract of the Mosaic Company June 11, 2021 36 call for $1.04 for a net debit of $35.10 per share. This trade lasts 10 days, giving it an annualized return rate of 66.8% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Nvidia Corp has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of NVDA stock at $649.78 per share and sell one contract of the Nvidia Corp June 11, 2021 650 call for $16.00 for a net debit of $633.78 per share. This trade lasts 10 days, giving it an annualized return rate of 66.7% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Dick's Sporting Goods Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of DKS stock at $97.53 per share and sell one contract of the Dick's Sporting Goods Inc June 11, 2021 97.5 call for $2.43 for a net debit of $95.10 per share. This trade lasts 10 days, giving it an annualized return rate of 65.7% 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 3.7%. To enter this trade, buy 100 shares of SIX stock at $45.43 per share and sell one contract of the Six Flags Entertainment Corp June 18, 2021 45 call for $2.02 for a net debit of $43.41 per share. This trade lasts 17 days, giving it an annualized return rate of 63.7% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Upwork Inc has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of UPWK stock at $47.07 per share and sell one contract of the Upwork Inc June 18, 2021 45 call for $3.62 for a net debit of $43.45 per share. This trade lasts 17 days, giving it an annualized return rate of 62.0% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Scientific Games has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of SGMS stock at $72.54 per share and sell one contract of the Scientific Games June 18, 2021 70 call for $4.95 for a net debit of $67.59 per share. This trade lasts 17 days, giving it an annualized return rate of 62.0% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Gogo Inc has an assigned return rate of 8.3%. To enter this trade, buy 100 shares of GOGO stock at $13.62 per share and sell one contract of the Gogo Inc July 16, 2021 13 call for $1.62 for a net debit of $12.00 per share. This trade lasts 45 days, giving it an annualized return rate of 61.7% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Applied Materials has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of AMAT stock at $138.13 per share and sell one contract of the Applied Materials June 11, 2021 138 call for $3.28 for a net debit of $134.86 per share. This trade lasts 10 days, giving it an annualized return rate of 60.8% The risk assessment of this trade is 5 keys, (The Lowest 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'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools!
Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today!
NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.
STOCKS ON THE MOVE
Devon Energy Corp (DVN), Occidental Petroleum Corporation (OXY) and Marathon Oil Corporation (MRO) are moving higher this morning, while Vornado Realty Trust (VNO), WEC Energy Group Inc (WEC) and DXC Technology Co (DXC) are headed lower. Affirm Holdings Inc (AFRM), Boeing Co (BA) and GFL Environmental Inc (GFL) were upgraded by analysts this morning, while Allison Transmission Holdings Inc (ALSN), F5 Networks, Inc. (FFIV) and TFI International Inc (TFII) were downgraded.
INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Hang Seng is up 1.08%, the Shanghai SE Composite Index is up 0.26%, the Mumbai Sensex is flat 0% the Nikkei 225 is down -0.16% and the Australia ASX All Ordinaries is down -0.2%. In Europe stocks are up. The DAX is up 1.7%, the Euro Stoxx 50 is up 1.52%, the FTSE 100 is up 1.24% and the CAC 40 is up 1.14%.
FUTURES & CURRENCIES
Energy futures are up today. The price for West Texas Intermediate crude oil is up 2.11 at 68.43 per barrel. Brent crude is up 1.65 at 70.97 per barrel. Natural Gas is up 0.08 at 3.08. Precious metals are mixed this morning. Gold is up 1.47 at 1908.34 per ounce. Platinum is down -5.13 at 1185.01 while silver is up 0.42 at 28.44. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound.
Equity PUT/CALL RATIO
Yesterday, 2,253,286 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,005,645 put contracts. The single-session put/call ratio was 0.45.
TODAY'S ECONOMIC CALENDAR
ISM Manufacturing Index May 10:00 ET
EARNINGS EXPECTED TODAY:
ZM,BNS,PDYPY,HPE,STNE,KCOIHY,CGC,WEGRY,MDLA
