MORNING UPDATE: PriceWatch Alerts for TEX and More...
PriceWatch Alerts for TEX, PTEN, CAT, HAL, TX ,LEVI, BX, MS, ANTM and GT.
Today's optimal covered call on Terex Corp has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of TEX stock at $50.63 per share and sell one contract of the Terex Corp June 18, 2021 50 call for $2.26 for a net debit of $48.37 per share. This trade lasts 22 days, giving it an annualized return rate of 53.5% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Patterson-Uti Energy has an assigned return rate of 12.1%. To enter this trade, buy 100 shares of PTEN stock at $8.31 per share and sell one contract of the Patterson-Uti Energy August 20, 2021 8 call for $1.18 for a net debit of $7.14 per share. This trade lasts 85 days, giving it an annualized return rate of 51.5% The risk assessment of this trade is 2 keys, (Considerable relative risk).
Today's optimal covered call on Caterpillar Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of CAT stock at $237.71 per share and sell one contract of the Caterpillar Inc June 04, 2021 237.5 call for $3.17 for a net debit of $234.55 per share. This trade lasts 8 days, giving it an annualized return rate of 51.1% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Halliburton Company has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of HAL stock at $22.28 per share and sell one contract of the Halliburton Company June 25, 2021 22 call for $1.15 for a net debit of $21.13 per share. This trade lasts 29 days, giving it an annualized return rate of 49.9% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Ternium S.A. has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of TX stock at $36.78 per share and sell one contract of the Ternium S.A. June 18, 2021 36 call for $1.87 for a net debit of $34.91 per share. This trade lasts 22 days, giving it an annualized return rate of 49.5% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Levi Strauss & Co. Cl A has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of LEVI stock at $27.20 per share and sell one contract of the Levi Strauss & Co. Cl A June 18, 2021 27 call for $1.01 for a net debit of $26.19 per share. This trade lasts 22 days, giving it an annualized return rate of 49.4% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on The Blackstone Group LP has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of BX stock at $92.12 per share and sell one contract of the The Blackstone Group LP June 04, 2021 92 call for $1.20 for a net debit of $90.92 per share. This trade lasts 8 days, giving it an annualized return rate of 48.2% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Morgan Stanley has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of MS stock at $89.35 per share and sell one contract of the Morgan Stanley June 04, 2021 89 call for $1.38 for a net debit of $87.97 per share. This trade lasts 8 days, giving it an annualized return rate of 47.7% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Anthem Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of ANTM stock at $394.89 per share and sell one contract of the Anthem Inc June 04, 2021 395 call for $4.45 for a net debit of $390.44 per share. This trade lasts 8 days, giving it an annualized return rate of 47.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Goodyear Tire Rubber has an assigned return rate of 4.8%. To enter this trade, buy 100 shares of GT stock at $19.05 per share and sell one contract of the Goodyear Tire Rubber July 02, 2021 19 call for $0.92 for a net debit of $18.13 per share. This trade lasts 36 days, giving it an annualized return rate of 47.3% 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'. 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
Best Buy Co Inc (BBY), Ford Motor Company (F) and Boeing Co (BA) are moving higher this morning, while Kimco Realty Corp (KIM), Interpublic Group of Companies Inc (IPG) and Devon Energy Corp (DVN) are headed lower. NVIDIA Corporation (NVDA), Chesapeake Energy Ord Shs (CHK) and Chipotle Mexican Grill, Inc. (CMG) were upgraded by analysts this morning, while Deutsche Bank AG (DB), IAC/Interactivecorp (IAC) and Monmouth R.E. Inv. Corp. (MNR) were downgraded.
INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.43%, the Mumbai Sensex is up 0.19%, the Australia ASX All Ordinaries is up 0.17% the Hang Seng is down -0.18% and the Nikkei 225 is down -0.33%. In Europe stocks are mixed. The CAC 40 is up 0.74%, the Euro Stoxx 50 is up 0.2%, the FTSE 100 is down -0.23% and the DAX is down -0.24%.
FUTURES & CURRENCIES
Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.41 at 65.8 per barrel. Brent crude is down -0.48 at 68.39 per barrel. Natural Gas is down -0.02 at 3.01. Precious metals are down this morning. Gold is down -3.52 at 1893.15 per ounce. Platinum is down -5.94 at 1190.23 while silver is down -0.14 at 27.74. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound.
Equity PUT/CALL RATIO
Yesterday, 1,761,292 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 770,164 put contracts. The single-session put/call ratio was 0.44.
TODAY'S ECONOMIC CALENDAR
Initial Claims 05/22 08:30 ET
Continuing Claims 5/15 08:30 ET
EARNINGS EXPECTED TODAY:
RY, BBY, TD, MDT, DG, DLTR, CM, HHR, COST, DELL, CRM, GPS, VMW
Today's optimal covered call on Terex Corp has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of TEX stock at $50.63 per share and sell one contract of the Terex Corp June 18, 2021 50 call for $2.26 for a net debit of $48.37 per share. This trade lasts 22 days, giving it an annualized return rate of 53.5% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Patterson-Uti Energy has an assigned return rate of 12.1%. To enter this trade, buy 100 shares of PTEN stock at $8.31 per share and sell one contract of the Patterson-Uti Energy August 20, 2021 8 call for $1.18 for a net debit of $7.14 per share. This trade lasts 85 days, giving it an annualized return rate of 51.5% The risk assessment of this trade is 2 keys, (Considerable relative risk).
Today's optimal covered call on Caterpillar Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of CAT stock at $237.71 per share and sell one contract of the Caterpillar Inc June 04, 2021 237.5 call for $3.17 for a net debit of $234.55 per share. This trade lasts 8 days, giving it an annualized return rate of 51.1% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Halliburton Company has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of HAL stock at $22.28 per share and sell one contract of the Halliburton Company June 25, 2021 22 call for $1.15 for a net debit of $21.13 per share. This trade lasts 29 days, giving it an annualized return rate of 49.9% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Ternium S.A. has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of TX stock at $36.78 per share and sell one contract of the Ternium S.A. June 18, 2021 36 call for $1.87 for a net debit of $34.91 per share. This trade lasts 22 days, giving it an annualized return rate of 49.5% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Levi Strauss & Co. Cl A has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of LEVI stock at $27.20 per share and sell one contract of the Levi Strauss & Co. Cl A June 18, 2021 27 call for $1.01 for a net debit of $26.19 per share. This trade lasts 22 days, giving it an annualized return rate of 49.4% The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on The Blackstone Group LP has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of BX stock at $92.12 per share and sell one contract of the The Blackstone Group LP June 04, 2021 92 call for $1.20 for a net debit of $90.92 per share. This trade lasts 8 days, giving it an annualized return rate of 48.2% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Morgan Stanley has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of MS stock at $89.35 per share and sell one contract of the Morgan Stanley June 04, 2021 89 call for $1.38 for a net debit of $87.97 per share. This trade lasts 8 days, giving it an annualized return rate of 47.7% The risk assessment of this trade is 4 keys, (Low relative risk).
Today's optimal covered call on Anthem Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of ANTM stock at $394.89 per share and sell one contract of the Anthem Inc June 04, 2021 395 call for $4.45 for a net debit of $390.44 per share. This trade lasts 8 days, giving it an annualized return rate of 47.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk).
Today's optimal covered call on Goodyear Tire Rubber has an assigned return rate of 4.8%. To enter this trade, buy 100 shares of GT stock at $19.05 per share and sell one contract of the Goodyear Tire Rubber July 02, 2021 19 call for $0.92 for a net debit of $18.13 per share. This trade lasts 36 days, giving it an annualized return rate of 47.3% 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'. 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
Best Buy Co Inc (BBY), Ford Motor Company (F) and Boeing Co (BA) are moving higher this morning, while Kimco Realty Corp (KIM), Interpublic Group of Companies Inc (IPG) and Devon Energy Corp (DVN) are headed lower. NVIDIA Corporation (NVDA), Chesapeake Energy Ord Shs (CHK) and Chipotle Mexican Grill, Inc. (CMG) were upgraded by analysts this morning, while Deutsche Bank AG (DB), IAC/Interactivecorp (IAC) and Monmouth R.E. Inv. Corp. (MNR) were downgraded.
INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.43%, the Mumbai Sensex is up 0.19%, the Australia ASX All Ordinaries is up 0.17% the Hang Seng is down -0.18% and the Nikkei 225 is down -0.33%. In Europe stocks are mixed. The CAC 40 is up 0.74%, the Euro Stoxx 50 is up 0.2%, the FTSE 100 is down -0.23% and the DAX is down -0.24%.
FUTURES & CURRENCIES
Energy futures are down today. The price for West Texas Intermediate crude oil is down -0.41 at 65.8 per barrel. Brent crude is down -0.48 at 68.39 per barrel. Natural Gas is down -0.02 at 3.01. Precious metals are down this morning. Gold is down -3.52 at 1893.15 per ounce. Platinum is down -5.94 at 1190.23 while silver is down -0.14 at 27.74. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound.
Equity PUT/CALL RATIO
Yesterday, 1,761,292 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 770,164 put contracts. The single-session put/call ratio was 0.44.
TODAY'S ECONOMIC CALENDAR
Initial Claims 05/22 08:30 ET
Continuing Claims 5/15 08:30 ET
EARNINGS EXPECTED TODAY:
RY, BBY, TD, MDT, DG, DLTR, CM, HHR, COST, DELL, CRM, GPS, VMW
