MORNING UPDATE: PriceWatch Alerts for RPM and More... for 2021-05-03 |
| PriceWatch Alerts for RPM, STZ, LW, MTB, UNH ,FAST, LEVI, PPG, CFG and FRC. Today's optimal covered call on RPM International Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of RPM stock at $94.84 per share and sell one contract of the RPM International Inc May 21, 2021 95 call for $1.54 for a net debit of $93.30 per share. This trade lasts 18 days, giving it an annualized return rate of 31.8% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Constellation Brands Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of STZ stock at $240.32 per share and sell one contract of the Constellation Brands Inc May 14, 2021 240 call for $3.19 for a net debit of $237.13 per share. This trade lasts 11 days, giving it an annualized return rate of 31.6% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Lamb Weston Holdings Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of LW stock at $80.50 per share and sell one contract of the Lamb Weston Holdings Inc May 21, 2021 80 call for $1.91 for a net debit of $78.59 per share. This trade lasts 18 days, giving it an annualized return rate of 31.2% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on M&T Bank Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of MTB stock at $157.69 per share and sell one contract of the M&T Bank Corp May 21, 2021 155 call for $5.38 for a net debit of $152.31 per share. This trade lasts 18 days, giving it an annualized return rate of 30.7% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Unitedhealth Group Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of UNH stock at $398.80 per share and sell one contract of the Unitedhealth Group Inc May 21, 2021 397.5 call for $8.18 for a net debit of $390.62 per share. This trade lasts 18 days, giving it an annualized return rate of 30.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Fastenal Company has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of FAST stock at $52.28 per share and sell one contract of the Fastenal Company May 21, 2021 52.1 call for $1.06 for a net debit of $51.22 per share. This trade lasts 18 days, giving it an annualized return rate of 30.0% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Levi Strauss & Co. Cl A has an assigned return rate of 6.1%. To enter this trade, buy 100 shares of LEVI stock at $28.86 per share and sell one contract of the Levi Strauss & Co. Cl A July 16, 2021 28 call for $2.47 for a net debit of $26.40 per share. This trade lasts 74 days, giving it an annualized return rate of 28.8% The risk assessment of this trade is 3 keys, (Moderate 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 $171.24 per share and sell one contract of the PPG Industries May 14, 2021 170 call for $2.96 for a net debit of $168.28 per share. This trade lasts 11 days, giving it an annualized return rate of 26.6% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Citizens Financial Group Inc/Ri has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of CFG stock at $46.28 per share and sell one contract of the Citizens Financial Group Inc/Ri June 18, 2021 45 call for $2.82 for a net debit of $43.46 per share. This trade lasts 46 days, giving it an annualized return rate of 26.3% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on First Republic Bank has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of FRC stock at $183.24 per share and sell one contract of the First Republic Bank May 21, 2021 180 call for $5.74 for a net debit of $177.50 per share. This trade lasts 18 days, giving it an annualized return rate of 24.5% 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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STOCKS ON THE MOVE Baker Hughes Co (BKR), CF Industries Holdings, Inc. (CF) and Unum Group (UNM) are moving higher this morning, while Estee Lauder Companies Inc (EL), CenterPoint Energy Inc (CNP) and Waste Management, Inc. (WM) are headed lower. Forward Air Corporation (FWRD), Alphabet Inc Class A (GOOGL) and PG&E Corporation (PCG) were upgraded by analysts this morning, while Vereit Inc (VER), DTE Energy Co (DTE) and CTO Realty Growth Inc (CTO) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.04%, the Mumbai Sensex is down -0.13%, the Shanghai SE Composite Index is down -0.81% the Nikkei 225 is down -0.83% and the Hang Seng is down -1.28%. In Europe stocks are up. The Euro Stoxx 50 is up 0.76%, the DAX is up 0.75%, the CAC 40 is up 0.62% and the FTSE 100 is up 0.12%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.23 at 63.81 per barrel. Brent crude is up 0.08 at 66.84 per barrel. Natural Gas is up 0.03 at 2.96. Precious metals are up this morning. Gold is up 14.23 at 1783.36 per ounce. Platinum is up 3.08 at 1206.47 while silver is up 0.45 at 26.32. 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, 1,434,517 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 842,568 put contracts. The single-session put/call ratio was 0.59. TODAY'S ECONOMIC CALENDAR ISM Manufacturing Index Apr 10:00 AM EARNINGS EXPECTED TODAY: EL,ADDYY,SCCO,IFNNY,EPD,ITUB,ALXN,SDVKY,SU |
