MORNING UPDATE: PriceWatch Alerts for CDNS and More... for 2020-07-31 |
| PriceWatch Alerts for CDNS, FCX, APD, CCK, DHR ,STM, LOGI, TPH, CAG and HCSG. Today's optimal covered call on Cadence Design Sys has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of CDNS stock at $107.65 per share and sell one contract of the Cadence Design Sys August 21, 2020 105 call for $4.74 for a net debit of $102.91 per share. This trade lasts 21 days, giving it an annualized return rate of 33.7% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Freeport-Mcmoran Inc has an assigned return rate of 10.4%. To enter this trade, buy 100 shares of FCX stock at $12.94 per share and sell one contract of the Freeport-Mcmoran Inc November 20, 2020 12 call for $2.07 for a net debit of $10.87 per share. This trade lasts 112 days, giving it an annualized return rate of 33.4% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Air Products and Chemicals has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of APD stock at $284.81 per share and sell one contract of the Air Products and Chemicals August 21, 2020 280 call for $10.18 for a net debit of $274.63 per share. This trade lasts 21 days, giving it an annualized return rate of 32.4% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Crown Cork & Seal Company has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of CCK stock at $72.00 per share and sell one contract of the Crown Cork & Seal Company August 21, 2020 70 call for $3.33 for a net debit of $68.67 per share. This trade lasts 21 days, giving it an annualized return rate of 32.1% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Danaher Corp has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of DHR stock at $202.14 per share and sell one contract of the Danaher Corp August 21, 2020 200 call for $5.92 for a net debit of $196.22 per share. This trade lasts 21 days, giving it an annualized return rate of 32.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Stmicroelectronics N.V. has an assigned return rate of 12.4%. To enter this trade, buy 100 shares of STM stock at $28.29 per share and sell one contract of the Stmicroelectronics N.V. January 15, 2021 27.5 call for $3.82 for a net debit of $24.47 per share. This trade lasts 168 days, giving it an annualized return rate of 26.7% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Logitech Int S.A. has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of LOGI stock at $72.77 per share and sell one contract of the Logitech Int S.A. August 21, 2020 70 call for $3.84 for a net debit of $68.93 per share. This trade lasts 21 days, giving it an annualized return rate of 25.8% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Tri Pointe Homes Inc has an assigned return rate of 11.7%. To enter this trade, buy 100 shares of TPH stock at $16.87 per share and sell one contract of the Tri Pointe Homes Inc January 15, 2021 15 call for $3.44 for a net debit of $13.43 per share. This trade lasts 168 days, giving it an annualized return rate of 25.2% The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Conagra Brands Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of CAG stock at $37.37 per share and sell one contract of the Conagra Brands Inc September 04, 2020 37 call for $1.26 for a net debit of $36.11 per share. This trade lasts 35 days, giving it an annualized return rate of 25.0% The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Healthcare Svcs Gp has an assigned return rate of 8.6%. To enter this trade, buy 100 shares of HCSG stock at $26.11 per share and sell one contract of the Healthcare Svcs Gp December 18, 2020 25 call for $3.09 for a net debit of $23.02 per share. This trade lasts 140 days, giving it an annualized return rate of 22.3% 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)! 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 Under Armour Inc Class C (UA), Johnson Controls International PLC (JCI) and Church & Dwight Co., Inc. (CHD) are moving higher this morning, while Alaska Air Group, Inc. (ALK), ONEOK, Inc. (OKE) and Chevron Corporation (CVX) are headed lower. Ambev SA - ADR (ABEV), Textron Inc. (TXT) and Tempur Sealy International Inc (TPX) were upgraded by analysts this morning, while AngloGold Ashanti Limited (AU), Resolute Forest Products Common Stock (RFP) and Dropbox Inc (DBX) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.71%, the Mumbai Sensex is down -0.34%, the Hang Seng is down -0.47% the Australia ASX All Ordinaries is down -1.93% and the Nikkei 225 is down -2.82%. In Europe stocks are mixed. The DAX is up 0.72%, the Euro Stoxx 50 is up 0.49%, the CAC 40 is up 0.21% 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 0.3 at 40.22 per barrel. Brent crude is up 0.38 at 43.32 per barrel. Natural Gas is flat 0 at 1.83. Precious metals are mixed this morning. Gold is up 18.43 at 1975.07 per ounce. Platinum is down -6.64 at 901.36 while silver is up 0.76 at 24.13. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, up against the Yen and down against the Pound. Equity PUT/CALL RATIO Yesterday, 1,415,528 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 777,171 put contracts. The single-session put/call ratio was 0.55. TODAY'S ECONOMIC CALENDAR Personal Income EARNINGS EXPECTED TODAY: XOM, CVX, PSX, FCAU, CHTR, MRK, ABBV, CAT, LYB, JCI, CBRE, IMO, D, CL, TU, BERY, PBF, AON, ITW, PEG, BAH, NWL, GT, WY, CHD, VFC |
