MORNING UPDATE: PriceWatch Alerts for MGA and More... for 2021-03-10 |
| PriceWatch Alerts for MGA, PLNT, ATKR, BLDR, MIDD ,PFGC, WLK, TT, LPX and DIS. Today's optimal covered call on Magna International has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of MGA stock at $88.01 per share and sell one contract of the Magna International March 19, 2021 87.5 call for $2.53 for a net debit of $85.48 per share. This trade lasts 9 days, giving it an annualized return rate of 86.3% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Planet Fitness has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of PLNT stock at $81.85 per share and sell one contract of the Planet Fitness March 19, 2021 80 call for $3.65 for a net debit of $78.20 per share. This trade lasts 9 days, giving it an annualized return rate of 84.0% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Atkore Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of ATKR stock at $70.92 per share and sell one contract of the Atkore Inc March 19, 2021 70 call for $2.47 for a net debit of $68.45 per share. This trade lasts 9 days, giving it an annualized return rate of 82.7% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Builders Firstsource has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of BLDR stock at $44.82 per share and sell one contract of the Builders Firstsource March 19, 2021 44 call for $1.77 for a net debit of $43.05 per share. This trade lasts 9 days, giving it an annualized return rate of 80.5% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Middleby Corp has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of MIDD stock at $166.30 per share and sell one contract of the Middleby Corp March 19, 2021 165 call for $4.84 for a net debit of $161.46 per share. This trade lasts 9 days, giving it an annualized return rate of 80.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Performance Food Group Company has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of PFGC stock at $55.39 per share and sell one contract of the Performance Food Group Company March 19, 2021 55 call for $1.54 for a net debit of $53.85 per share. This trade lasts 9 days, giving it an annualized return rate of 77.9% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Westlake Chemical Corp has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of WLK stock at $91.64 per share and sell one contract of the Westlake Chemical Corp March 19, 2021 90 call for $3.48 for a net debit of $88.16 per share. This trade lasts 9 days, giving it an annualized return rate of 76.2% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Trane Technologies Plc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of TT stock at $160.48 per share and sell one contract of the Trane Technologies Plc March 19, 2021 160 call for $3.67 for a net debit of $156.81 per share. This trade lasts 9 days, giving it an annualized return rate of 74.3% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Louisiana-Pacific Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of LPX stock at $49.94 per share and sell one contract of the Louisiana-Pacific Corp March 19, 2021 49 call for $1.92 for a net debit of $48.02 per share. This trade lasts 9 days, giving it an annualized return rate of 74.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Walt Disney Company has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of DIS stock at $194.51 per share and sell one contract of the Walt Disney Company March 19, 2021 192.5 call for $5.82 for a net debit of $188.70 per share. This trade lasts 9 days, giving it an annualized return rate of 73.6% 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)! 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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 Ingersoll Rand Inc (IR), Albemarle Corporation (ALB) and Williams Companies Inc (WMB) are moving higher this morning, while Westrock Co (WRK), Royal Caribbean Cruises Ltd (RCL) and AES Corp (AES) are headed lower. Gran Tierra Energy Inc (GTE), Supreme Cannabis Company Inc (SPRWF) and Pulmonx Corp (LUNG) were upgraded by analysts this morning, while Herc Holdings Inc (HRI), Tempur Sealy International Inc (TPX) and Novartis AG (NVS) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.5%, the Hang Seng is up 0.35%, the Nikkei 225 is up 0.03% the Shanghai SE Composite Index is down -0.05% and the Australia ASX All Ordinaries is down -0.76%. In Europe stocks are mixed. The CAC 40 is up 0.61%, the Euro Stoxx 50 is up 0.46%, the DAX is up 0.38% and the FTSE 100 is down -0.18%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.53 at 64.54 per barrel. Brent crude is up 0.4 at 67.92 per barrel. Natural Gas is down -0.04 at 2.63. Precious metals are down this morning. Gold is down -2.3 at 1713.8 per ounce. Platinum is down -1.6 at 1171.79 while silver is down -0.32 at 25.87. 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, 1,650,469 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 690,668 put contracts. The single-session put/call ratio was 0.42. TODAY'S ECONOMIC CALENDAR EIA Crude Oil Inventories 03/06 10:30 CPI Feb 8:30 EARNINGS EXPECTED TODAY: PDD,ORCL,SFTBY,ADDYY,PUK,SMCAY,YAHOY,LGGNY,SSMXY,HVRRY,FNV |
