MORNING UPDATE: PriceWatch Alerts for AAOI and More... for 2020-10-07 |
| PriceWatch Alerts for AAOI, CHWY, SQ, YETI, COUP ,LB, NVDA, HZNP, MDB and CREE. Today's optimal covered call on Applied Optoelect has an assigned return rate of 11.4%. To enter this trade, buy 100 shares of AAOI stock at $11.20 per share and sell one contract of the Applied Optoelect November 06, 2020 11 call for $1.32 for a net debit of $9.88 per share. This trade lasts 30 days, giving it an annualized return rate of 134.1% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Chewy Inc has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of CHWY stock at $56.16 per share and sell one contract of the Chewy Inc October 16, 2020 56 call for $2.15 for a net debit of $54.02 per share. This trade lasts 9 days, giving it an annualized return rate of 134.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Square has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of SQ stock at $175.34 per share and sell one contract of the Square October 16, 2020 175 call for $6.38 for a net debit of $168.96 per share. This trade lasts 9 days, giving it an annualized return rate of 130.6% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Yeti Holdings Inc has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of YETI stock at $48.35 per share and sell one contract of the Yeti Holdings Inc October 16, 2020 48.5 call for $1.47 for a net debit of $46.88 per share. This trade lasts 9 days, giving it an annualized return rate of 126.1% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Coupa Software Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of COUP stock at $288.10 per share and sell one contract of the Coupa Software Inc October 16, 2020 287.5 call for $9.63 for a net debit of $278.47 per share. This trade lasts 9 days, giving it an annualized return rate of 118.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on L Brands Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of LB stock at $32.30 per share and sell one contract of the L Brands Inc October 16, 2020 32 call for $1.30 for a net debit of $31.00 per share. This trade lasts 9 days, giving it an annualized return rate of 117.9% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Nvidia Corp has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of NVDA stock at $549.46 per share and sell one contract of the Nvidia Corp October 16, 2020 550 call for $16.30 for a net debit of $533.17 per share. This trade lasts 9 days, giving it an annualized return rate of 115.3% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Horizon Therapeutics has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of HZNP stock at $80.10 per share and sell one contract of the Horizon Therapeutics October 16, 2020 80 call for $2.51 for a net debit of $77.59 per share. This trade lasts 9 days, giving it an annualized return rate of 113.4% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Mongodb Inc Cl A has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of MDB stock at $246.41 per share and sell one contract of the Mongodb Inc Cl A October 16, 2020 245 call for $8.69 for a net debit of $237.72 per share. This trade lasts 9 days, giving it an annualized return rate of 111.8% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Cree Inc has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of CREE stock at $65.63 per share and sell one contract of the Cree Inc October 16, 2020 65.5 call for $2.06 for a net debit of $63.57 per share. This trade lasts 9 days, giving it an annualized return rate of 110.5% 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 Alaska Air Group, Inc. (ALK), Unum Group (UNM) and Gap Inc (GPS) are moving higher this morning, while Mettler-Toledo International Inc. (MTD), Ralph Lauren Corp (RL) and DXC Technology Co (DXC) are headed lower. 3M Co (MMM), Anheuser Busch Inbev NV (BUD) and Radian Group Inc (RDN) were upgraded by analysts this morning, while Ralph Lauren Corp (RL), Bandwidth Inc (BAND) and Southwest Airlines Co (LUV) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 1.22%, the Hang Seng is up 1.07%, the Mumbai Sensex is up 0.77% the Nikkei 225 is down -0.05% and the Shanghai SE Composite Index is down -0.2%. Stocks in Europe are down. The DAX is down -0.42%, the CAC 40 is down -0.33%, the Euro Stoxx 50 is down -0.32% and the FTSE 100 is down -0.04%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -1.04 at 39.63 per barrel. Brent crude is down -0.91 at 41.74 per barrel. Natural Gas is up 0.02 at 2.54. Precious metals are mixed this morning. Gold is up 9.59 at 1887.77 per ounce. Platinum is up 8.3 at 864.05 while silver is down -0.23 at 23.69. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound. Equity PUT/CALL RATIO Yesterday, 1,459,167 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 668,492 put contracts. The single-session put/call ratio was 0.46. TODAY'S ECONOMIC CALENDAR MBA Mortgage Applications Index EARNINGS EXPECTED TODAY: SSNLF,MRAAY,ISNPY,JAPAY,DBOEY |
