MORNING UPDATE: PriceWatch Alerts for CP and More... for 2018-08-08 |
| PriceWatch Alerts for CP, GTLS, FDC, KN, CMA ,CLX, HLF, UAL, SCI and AMGN. Today's optimal covered call on Canadian Pacific Railway has an assigned return rate of 2.54%. To enter this trade, buy 100 shares of CP stock at 200.13 per share and selling one contract of the Canadian Pacific Railway Sep 2018 200 call for 5.09 for a net debit of $195.03 per share. This trade lasts 44 days, giving it an annualized return rate of 21.13%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Chart Industries has an assigned return rate of 2.48%. To enter this trade, buy 100 shares of GTLS stock at 77.87 per share and selling one contract of the Chart Industries Sep 2018 75 call for 4.70 for a net debit of $73.17 per share. This trade lasts 44 days, giving it an annualized return rate of 20.63%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on First Data Corp has an assigned return rate of 4.03%. To enter this trade, buy 100 shares of FDC stock at 24.21 per share and selling one contract of the First Data Corp Oct 2018 24 call for 1.14 for a net debit of $23.07 per share. This trade lasts 72 days, giving it an annualized return rate of 20.43%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Knowles Corp has an assigned return rate of 7.49%. To enter this trade, buy 100 shares of KN stock at 17.87 per share and selling one contract of the Knowles Corp Dec 2018 17.5 call for 1.60 for a net debit of $16.27 per share. This trade lasts 135 days, giving it an annualized return rate of 20.26%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Comerica has an assigned return rate of 2.43%. To enter this trade, buy 100 shares of CMA stock at 97.95 per share and selling one contract of the Comerica Sep 2018 97.5 call for 2.77 for a net debit of $95.17 per share. This trade lasts 44 days, giving it an annualized return rate of 20.22%. The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Clorox has an assigned return rate of 2.35%. To enter this trade, buy 100 shares of CLX stock at 141.47 per share and selling one contract of the Clorox Sep 2018 140 call for 4.70 for a net debit of $136.78 per share. This trade lasts 44 days, giving it an annualized return rate of 19.52%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Herbalife has an assigned return rate of 5.31%. To enter this trade, buy 100 shares of HLF stock at 59.2 per share and selling one contract of the Herbalife Nov 2018 57.5 call for 4.59 for a net debit of $54.60 per share. This trade lasts 100 days, giving it an annualized return rate of 19.38%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on United Continental has an assigned return rate of 3.80%. To enter this trade, buy 100 shares of UAL stock at 82.31 per share and selling one contract of the United Continental Oct 2018 80 call for 5.25 for a net debit of $77.06 per share. This trade lasts 72 days, giving it an annualized return rate of 19.27%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Service Corp International has an assigned return rate of 2.30%. To enter this trade, buy 100 shares of SCI stock at 40.15 per share and selling one contract of the Service Corp International Sep 2018 40 call for 1.05 for a net debit of $39.10 per share. This trade lasts 44 days, giving it an annualized return rate of 19.09%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Amgen has an assigned return rate of 2.17%. To enter this trade, buy 100 shares of AMGN stock at 200.39 per share and selling one contract of the Amgen Sep 2018 200 call for 4.65 for a net debit of $195.75 per share. This trade lasts 44 days, giving it an annualized return rate of 18.01%. 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)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. 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STOCKS ON THE MOVE CVS Health Corp (CVS), Michael Kors Holdings Ltd (KORS) and Albemarle Corporation (ALB) are moving higher this morning, while Cimarex Energy Co (XEC), Regeneron Pharmaceuticals Inc (REGN) and Southern Co (SO) are headed lower. Signature Bank (SBNY), Cyberark Software Ltd (CYBR) and Bristol-Myers Squibb Co (BMY) were upgraded by analysts this morning, while Hostess Brands Inc (TWNK), Mallinckrodt PLC (MNK) and DENTSPLY SIRONA Inc (XRAY) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 1.27%, the Mumbai Sensex is up 0.59%, the Hang Seng is up 0.39% the Australia ASX All Ordinaries is up 0.22% and the Nikkei 225 is down -0.08%. In Europe stocks are mixed. The FTSE 100 is up 0.74%, the DAX is up 0.15%, the CAC 40 is down -0.12% and the Euro Stoxx 50 is down -0.15%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.73 at 68.44 per barrel. Brent crude is down -0.47 at 74.18 per barrel. Natural Gas is up 0.01 at 2.91. Precious metals are down this morning. Gold is down -3.73 at 1207.24 per ounce. Platinum is down -5.23 at 824.22 while silver is down -0.05 at 15.33. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and up against the Pound. PUT/CALL RATIO Yesterday, 963,316 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 617,763 put contracts. The single-session put/call was 0.64 while the 20-day moving average is now at 0.63. TODAY'S ECONOMIC CALENDAR MBA Mortgage Applications Index 08/04 07:00 Crude Inventories 08/04 10:30 EARNINGS EXPECTED TODAY: BKNG FOXA CVS OXY SO SCCO EQIX MFC NTES MNST TRI ETP SLF LBTYA MGA ETE CTL MYL BAP WB LSXMA MELI FNV FANG |
