MORNING UPDATE: PriceWatch Alerts for NVDA and More... for 2020-10-13 |
| PriceWatch Alerts for NVDA, COUP, OMI, SPLK, MTCH ,ZS, OKTA, WPM, LULU and MRVL. Today's optimal covered call on Nvidia Corp has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of NVDA stock at $569.04 per share and sell one contract of the Nvidia Corp October 23, 2020 570 call for $15.11 for a net debit of $553.93 per share. This trade lasts 10 days, giving it an annualized return rate of 96.3% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Coupa Software Inc has an assigned return rate of 2.8%. To enter this trade, buy 100 shares of COUP stock at $306.95 per share and sell one contract of the Coupa Software Inc October 23, 2020 305 call for $10.39 for a net debit of $296.56 per share. This trade lasts 10 days, giving it an annualized return rate of 94.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Owens & Minor has an assigned return rate of 10.0%. To enter this trade, buy 100 shares of OMI stock at $25.76 per share and sell one contract of the Owens & Minor November 20, 2020 25 call for $3.03 for a net debit of $22.73 per share. This trade lasts 38 days, giving it an annualized return rate of 93.5% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Splunk Inc has an assigned return rate of 2.8%. To enter this trade, buy 100 shares of SPLK stock at $215.34 per share and sell one contract of the Splunk Inc October 23, 2020 215 call for $6.19 for a net debit of $209.15 per share. This trade lasts 10 days, giving it an annualized return rate of 92.8% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Match Group Inc has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of MTCH stock at $110.30 per share and sell one contract of the Match Group Inc November 06, 2020 109 call for $7.65 for a net debit of $102.64 per share. This trade lasts 24 days, giving it an annualized return rate of 90.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Zscaler Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of ZS stock at $151.15 per share and sell one contract of the Zscaler Inc October 23, 2020 150 call for $5.12 for a net debit of $146.02 per share. This trade lasts 10 days, giving it an annualized return rate of 90.3% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Okta Inc Cl A has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of OKTA stock at $245.55 per share and sell one contract of the Okta Inc Cl A October 23, 2020 245 call for $6.99 for a net debit of $238.56 per share. This trade lasts 10 days, giving it an annualized return rate of 89.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Wheaton Precious Metals has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of WPM stock at $50.72 per share and sell one contract of the Wheaton Precious Metals October 23, 2020 50.5 call for $1.49 for a net debit of $49.23 per share. This trade lasts 10 days, giving it an annualized return rate of 85.7% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Lululemon Athletica has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of LULU stock at $348.00 per share and sell one contract of the Lululemon Athletica October 23, 2020 347.5 call for $9.19 for a net debit of $338.81 per share. This trade lasts 10 days, giving it an annualized return rate of 85.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Marvell Tech Group has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of MRVL stock at $43.59 per share and sell one contract of the Marvell Tech Group October 23, 2020 43.5 call for $1.17 for a net debit of $42.42 per share. This trade lasts 10 days, giving it an annualized return rate of 84.6% 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)! 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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 Walt Disney Co (DIS), BlackRock, Inc. (BLK) and Mohawk Industries, Inc. (MHK) are moving higher this morning, while Royal Caribbean Cruises Ltd (RCL), Norwegian Cruise Line Holdings Ltd (NCLH) and Ventas, Inc. (VTR) are headed lower. Exxon Mobil Corporation (XOM), Micron Technology, Inc. (MU) and Foot Locker, Inc. (FL) were upgraded by analysts this morning, while Activision Blizzard, Inc. (ATVI), Beyond Meat Inc (BYND) and Illumina, Inc. (ILMN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.9%, the Nikkei 225 is up 0.18%, the Mumbai Sensex is up 0.08% the Shanghai SE Composite Index is up 0.04% and the Hang Seng is down -0.31%. Stocks in Europe are down. The DAX is down -0.61%, the CAC 40 is down -0.39%, the Euro Stoxx 50 is down -0.3% and the FTSE 100 is down -0.21%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.85 at 40.28 per barrel. Brent crude is up 0.79 at 42.51 per barrel. Natural Gas is down -0.07 at 2.81. Precious metals are down this morning. Gold is down -1.61 at 1921.16 per ounce. Platinum is down -1.56 at 875.86 while silver is down -0.18 at 25.1. 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, 1,801,751 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 730,382 put contracts. The single-session put/call ratio was 0.41. TODAY'S ECONOMIC CALENDAR Trade Balance EARNINGS EXPECTED TODAY: NTTYY,OLCLY,HENKY,PAYX |
