MORNING UPDATE: PriceWatch Alerts for OC and More... for 2020-09-01 |
| PriceWatch Alerts for OC, PCRX, UNH, TXN, UNP ,VSTO, AN, TMUS, COOP and JELD. Today's optimal covered call on Owens Corning Inc has an assigned return rate of 3.3%. To enter this trade, buy 100 shares of OC stock at $67.64 per share and sell one contract of the Owens Corning Inc September 18, 2020 67.5 call for $2.28 for a net debit of $65.35 per share. This trade lasts 17 days, giving it an annualized return rate of 66.6% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Pacira Pharm Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of PCRX stock at $62.52 per share and sell one contract of the Pacira Pharm Inc September 18, 2020 62.5 call for $1.95 for a net debit of $60.57 per share. This trade lasts 17 days, giving it an annualized return rate of 64.6% The risk assessment of this trade is 2 keys, (Considerable 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 $312.55 per share and sell one contract of the Unitedhealth Group Inc September 11, 2020 312.5 call for $5.71 for a net debit of $306.84 per share. This trade lasts 10 days, giving it an annualized return rate of 61.2% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Texas Instruments has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of TXN stock at $142.15 per share and sell one contract of the Texas Instruments September 11, 2020 142 call for $2.68 for a net debit of $139.47 per share. This trade lasts 10 days, giving it an annualized return rate of 60.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Union Pacific Corp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of UNP stock at $192.44 per share and sell one contract of the Union Pacific Corp September 11, 2020 192.5 call for $3.22 for a net debit of $189.22 per share. This trade lasts 10 days, giving it an annualized return rate of 57.5% The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Vista Outdoor Inc has an assigned return rate of 12.3%. To enter this trade, buy 100 shares of VSTO stock at $19.41 per share and sell one contract of the Vista Outdoor Inc November 20, 2020 17.5 call for $3.83 for a net debit of $15.58 per share. This trade lasts 80 days, giving it an annualized return rate of 55.5% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Autonation Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of AN stock at $56.86 per share and sell one contract of the Autonation Inc September 18, 2020 55 call for $3.32 for a net debit of $53.54 per share. This trade lasts 17 days, giving it an annualized return rate of 55.3% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on T-Mobile US has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of TMUS stock at $116.68 per share and sell one contract of the T-Mobile US September 11, 2020 116 call for $2.58 for a net debit of $114.10 per share. This trade lasts 10 days, giving it an annualized return rate of 55.1% The risk assessment of this trade is 5 keys, (The Lowest relative risk). Today's optimal covered call on Mr.Cooper Group Inc has an assigned return rate of 6.9%. To enter this trade, buy 100 shares of COOP stock at $18.33 per share and sell one contract of the Mr.Cooper Group Inc October 16, 2020 17.5 call for $1.96 for a net debit of $16.36 per share. This trade lasts 45 days, giving it an annualized return rate of 55.0% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Jeld-Wen Holding Inc has an assigned return rate of 6.9%. To enter this trade, buy 100 shares of JELD stock at $21.05 per share and sell one contract of the Jeld-Wen Holding Inc October 16, 2020 20 call for $2.35 for a net debit of $18.70 per share. This trade lasts 45 days, giving it an annualized return rate of 54.9% 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 Walmart Inc (WMT), Ball Corporation (BLL) and H & R Block Inc (HRB) are moving higher this morning, while Cabot Oil & Gas Corporation (COG), Darden Restaurants, Inc. (DRI) and Carnival Corp (CCL) are headed lower. Zoom Video Communications Inc (ZM), Zendesk Inc (ZEN) and QUALCOMM, Inc. (QCOM) were upgraded by analysts this morning, while Vulcan Materials Company (VMC), FinVolution Group (FINV) and Acasti Pharma Inc (ACST) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.71%, the Shanghai SE Composite Index is up 0.44%, the Hang Seng is up 0.21% the Nikkei 225 is down -0.01% and the Australia ASX All Ordinaries is down -1.64%. In Europe stocks are mixed. The DAX is up 0.48%, the Euro Stoxx 50 is up 0.43%, the CAC 40 is up 0.14% and the FTSE 100 is down -1.31%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up 0.5 at 43.11 per barrel. Brent crude is up 0.56 at 45.84 per barrel. Natural Gas is down -0.03 at 2.6. Precious metals are up this morning. Gold is up 22.71 at 1990.51 per ounce. Platinum is up 26.38 at 958.11 while silver is up 0.54 at 29.13. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound. Equity PUT/CALL RATIO Yesterday, 1,621,990 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 675,474 put contracts. The single-session put/call ratio was 0.42. TODAY'S ECONOMIC CALENDAR ISM Manufacturing Index EARNINGS EXPECTED TODAY: HRB, HOME, CAL |
