MORNING UPDATE: PriceWatch Alerts for USB and More... for 2021-05-04 |
| PriceWatch Alerts for USB, FRC, ZION, PPG, MTB ,LEVI, ALLY, PLD, DRI and CAG. Today's optimal covered call on U.S. Bancorp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of USB stock at $59.29 per share and sell one contract of the U.S. Bancorp May 21, 2021 59 call for $1.35 for a net debit of $57.94 per share. This trade lasts 17 days, giving it an annualized return rate of 37.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on First Republic Bank has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of FRC stock at $181.26 per share and sell one contract of the First Republic Bank May 21, 2021 180 call for $4.33 for a net debit of $176.93 per share. This trade lasts 17 days, giving it an annualized return rate of 35.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Zions Bancorp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of ZION stock at $55.83 per share and sell one contract of the Zions Bancorp May 21, 2021 55 call for $1.73 for a net debit of $54.10 per share. This trade lasts 17 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 PPG Industries has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of PPG stock at $173.01 per share and sell one contract of the PPG Industries May 14, 2021 172.5 call for $2.20 for a net debit of $170.81 per share. This trade lasts 10 days, giving it an annualized return rate of 32.7% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on M&T Bank Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of MTB stock at $157.50 per share and sell one contract of the M&T Bank Corp May 21, 2021 155 call for $4.95 for a net debit of $152.55 per share. This trade lasts 17 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 Levi Strauss & Co. Cl A has an assigned return rate of 3.9%. To enter this trade, buy 100 shares of LEVI stock at $30.48 per share and sell one contract of the Levi Strauss & Co. Cl A June 18, 2021 30 call for $1.62 for a net debit of $28.86 per share. This trade lasts 45 days, giving it an annualized return rate of 31.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Ally Financial has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of ALLY stock at $51.39 per share and sell one contract of the Ally Financial June 18, 2021 50 call for $2.93 for a net debit of $48.46 per share. This trade lasts 45 days, giving it an annualized return rate of 25.3% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Prologis Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of PLD stock at $116.01 per share and sell one contract of the Prologis Inc May 21, 2021 115 call for $2.43 for a net debit of $113.58 per share. This trade lasts 17 days, giving it an annualized return rate of 25.3% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Darden Restaurants has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of DRI stock at $144.61 per share and sell one contract of the Darden Restaurants May 21, 2021 140 call for $6.23 for a net debit of $138.38 per share. This trade lasts 17 days, giving it an annualized return rate of 23.7% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Conagra Brands Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of CAG stock at $37.50 per share and sell one contract of the Conagra Brands Inc June 11, 2021 37.5 call for $0.87 for a net debit of $36.63 per share. This trade lasts 38 days, giving it an annualized return rate of 22.2% 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 Gartner Inc (IT), Under Armour Inc Class C (UA) and Under Armour Inc Class A (UAA) are moving higher this morning, while Mosaic Co (MOS), Cardinal Health Inc (CAH) and Kroger Co (KR) are headed lower. Bankwell Financial Group Inc (BWFG), Genuine Parts Company (GPC) and Shift Technologies Inc (SFT) were upgraded by analysts this morning, while MGM Growth Properties LLC (MGP), Domino's Pizza, Inc. (DPZ) and Teva Pharmaceutical Industries Ltd (TEVA) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 0.7%, the Australia ASX All Ordinaries is up 0.5%, the Shanghai SE Composite Index is down -0.81% the Nikkei 225 is down -0.83% and the Mumbai Sensex is down -0.95%. In Europe stocks are mixed. The FTSE 100 is up 0.39%, the CAC 40 is up 0.06%, the Euro Stoxx 50 is down -0.46% and the DAX is down -0.98%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.97 at 65.46 per barrel. Brent crude is up 1.05 at 68.61 per barrel. Natural Gas is down -0.01 at 2.96. Precious metals are mixed this morning. Gold is down -8.06 at 1784.82 per ounce. Platinum is up 7.2 at 1239.41 while silver is down -0.08 at 26.88. 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, 1,388,673 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 702,686 put contracts. The single-session put/call ratio was 0.51. TODAY'S ECONOMIC CALENDAR Trade Balance Mar 8:30AM Factory Orders Mar 10:00AM EARNINGS EXPECTED TODAY: PFE,TMUS,CVS,MELI,BNPQY,ATVI,GPN,D,ETN |
