MORNING UPDATE: PriceWatch Alerts for TPX and More...
Today's optimal covered call on Tempur-Pedic has an assigned return rate of 5.90%. To enter this trade, buy 100 shares of TPX stock at 79.22 per share and selling one contract of the Tempur-Pedic Dec 2016 75 call for 8.40 for a net debit of $ 70.82 per share. This trade lasts 119 days, giving it an annualized return rate of 18.10%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Ball has an assigned return rate of 4.48%. To enter this trade, buy 100 shares of BLL stock at 80.27 per share and selling one contract of the Ball Nov 2016 80 call for 3.70 for a net debit of $ 76.57 per share. This trade lasts 91 days, giving it an annualized return rate of 17.97%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Yahoo has an assigned return rate of 2.97%. To enter this trade, buy 100 shares of YHOO stock at 42.9 per share and selling one contract of the Yahoo Oct 2016 42 call for 2.11 for a net debit of $ 40.79 per share. This trade lasts 63 days, giving it an annualized return rate of 17.19%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Terex has an assigned return rate of 7.23%. To enter this trade, buy 100 shares of TEX stock at 24 per share and selling one contract of the Terex Jan 2017 23 call for 2.55 for a net debit of $ 21.45 per share. This trade lasts 154 days, giving it an annualized return rate of 17.13%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Eaton has an assigned return rate of 2.86%. To enter this trade, buy 100 shares of ETN stock at 67.72 per share and selling one contract of the Eaton Oct 2016 67.5 call for 2.10 for a net debit of $ 65.62 per share. This trade lasts 63 days, giving it an annualized return rate of 16.60%. The risk assessment of this trade is 2 keys, (Considerable relative risk).
Today's optimal covered call on LKQ Corp has an assigned return rate of 3.98%. To enter this trade, buy 100 shares of LKQ stock at 35.46 per share and selling one contract of the LKQ Corp Nov 2016 35 call for 1.80 for a net debit of $ 33.66 per share. This trade lasts 91 days, giving it an annualized return rate of 15.97%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on iShares MSCI Emerging Markets Index has an assigned return rate of 2.74%. To enter this trade, buy 100 shares of EEM stock at 37.81 per share and selling one contract of the iShares MSCI Emerging Markets Index Oct 2016 37.5 call for 1.31 for a net debit of $ 36.50 per share. This trade lasts 63 days, giving it an annualized return rate of 15.87%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Marriott has an assigned return rate of 2.60%. To enter this trade, buy 100 shares of MAR stock at 72.96 per share and selling one contract of the Marriott Oct 2016 72.5 call for 2.30 for a net debit of $ 70.66 per share. This trade lasts 63 days, giving it an annualized return rate of 15.09%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on IDEXX Laboratories has an assigned return rate of 6.24%. To enter this trade, buy 100 shares of IDXX stock at 110.84 per share and selling one contract of the IDEXX Laboratories Jan 2017 110 call for 7.30 for a net debit of $ 103.54 per share. This trade lasts 154 days, giving it an annualized return rate of 14.79%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Paycom Software has an assigned return rate of 3.62%. To enter this trade, buy 100 shares of PAYC stock at 49.43 per share and selling one contract of the Paycom Software Nov 2016 45 call for 6.00 for a net debit of $ 43.43 per share. This trade lasts 91 days, giving it an annualized return rate of 14.50%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
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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
Mid-America Apartment (MAA), L Brands (LB) and Allergan (AGN) were upgraded by analysts this morning, while Juniper Pharmaceuticals (JNP), Whitestone REIT (WSR) and Thor Industries were downgraded. Vonage Holdings Corporation (VG), Applied Materials, Inc. (AMAT), and Stone Energy Corp (SGY) are early risers, while Anavex Life Sciences Corp. (AVXL), The Gap, Inc. (GPS). and AEGON N.V. (AEG) are down.
INTERNATIONAL MARKETS
In Asia, markets finished mixed Friday. The Shanghai was up 0.13% while the Hang Seng was down 0.37%. European stocks are lower today with automotive shares weighing on markets. The FTSE is down 0.32%, while the The DAX is down 0.58%.
FUTURES & CURRENCIES
Energy futures are down today. The price for West Texas Intermediate crude oil is down $0.15 to $48.74 per barrel, while natural gas is down $0.02 to $2.68. Metals prices are lower this morning. Gold is down $9.50 to $1,347.70 per ounce and platinum is down $14.50 to $1,118.70. The Dollar is up versus the Euro and the Yen.
PUT/CALL RATIO
Yesterday, 877,349 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 476,108 put contracts. The single-session put/call was 0.54 while the 20-day moving average is now at 0.63.
TODAY'S ECONOMIC CALENDAR
Nothing Scheduled
EARNINGS EXPECTED TODAY:
AMLP
BKE
DE
EL
FL
HIBB
MSG

