MORNING UPDATE: PriceWatch Alerts for PGR and More...
PriceWatch Alerts for PGR, XLY, EWA, OMC, PAYX and EWG.
Today's optimal covered call on Progressive Corp (The) has an assigned return rate of 3.33%. To enter this trade, buy 100 shares of PGR stock at 32.72 per share and selling one contract of the Progressive Corp (The) Aug 2016 32 call for 1.75 for a net debit of $ 30.97 per share. This trade lasts 119 days, giving it an annualized return rate of 10.2%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Consumer Discret Select Sector SPDR has an assigned return rate of 3.58%. To enter this trade, buy 100 shares of XLY stock at 79.62 per share and selling one contract of the Consumer Discret Select Sector SPDR Sep 2016 79 call for 3.35 for a net debit of $ 76.27 per share. This trade lasts 147 days, giving it an annualized return rate of 8.89%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on iShares MSCI Australia Index has an assigned return rate of 5.1%. To enter this trade, buy 100 shares of EWA stock at 20.33 per share and selling one contract of the iShares MSCI Australia Index Jan 2017 20 call for 1.3 for a net debit of $ 19.03 per share. This trade lasts 273 days, giving it an annualized return rate of 6.81%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Omnicom Group Inc. has an assigned return rate of 3.07%. To enter this trade, buy 100 shares of OMC stock at 84.02 per share and selling one contract of the Omnicom Group Inc. Oct 2016 80 call for 6.4 for a net debit of $ 77.62 per share. This trade lasts 182 days, giving it an annualized return rate of 6.15%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Paychex Inc has an assigned return rate of 2.06%. To enter this trade, buy 100 shares of PAYX stock at 52.29 per share and selling one contract of the Paychex Inc Sep 2016 50 call for 3.3 for a net debit of $ 48.99 per share. This trade lasts 147 days, giving it an annualized return rate of 5.12%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on iShares MSCI Germany Index has an assigned return rate of 3.71%. To enter this trade, buy 100 shares of EWG stock at 26.67 per share and selling one contract of the iShares MSCI Germany Index Jan 2017 26 call for 1.6 for a net debit of $ 25.07 per share. This trade lasts 273 days, giving it an annualized return rate of 4.96%. 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. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools!
Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today!
NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.
STOCKS ON THE MOVE
EastGroup (EGP) was upgraded by analysts this morning, while Ultratech (UTEK), Tempur Sealy International (TPX) and and United Rentals (URI) were downgraded. Advanced Micro Devices, Inc.(AMD), Valeant Pharmaceuticals International, Inc. (VRX), and Skechers U.S.A., Inc.(SKX) are early risers, while Lakeland Industries Inc. (LAKE), Alphabet Inc. (GOOG) and Visa Inc.(V) are down.
INTERNATIONAL MARKETS
Asian markets finished mixed Friday as the Nikkei rallied to its third straight week of gains. The Nikkei was up 1.20% while the Hang Seng was down 0.72%. In Europe, markets are lower today with auto maker?s shares leading the way lower. The FTSE is down 0.47%, while the DAX is down 0.19%.
FUTURES & CURRENCIES
Energy futures are mixed this morning. The price for West Texas Intermediate crude oil is up $0.26 to $43.34 per barrel, while natural gas is down $0.01 to $2.19. Metals prices are higher. Gold is down $2.40 to $1,247.90 per ounce and platinum is down $5.80 to $1,026.10. The Dollar is up versus the Euro and the Yen.
PUT/CALL RATIO
Yesterday, 716,250 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 610,703 put contracts. The single-session put/call was 0.85 while the 20-day moving average is now at 0.68.
TODAY'S ECONOMIC CALENDAR
Nothing Scheduled Today.
EARNINGS EXPECTED TODAY:
AAL
ABCB
AN
CBF
CAT
FNB
GE
GNTX
HON
IPG
KMB
LYB
MCD
PRK
SSB
SHOO
STI
SYF
TMP
WBC
This Morning Update was prepared with data and information provided by:
Today's optimal covered call on Progressive Corp (The) has an assigned return rate of 3.33%. To enter this trade, buy 100 shares of PGR stock at 32.72 per share and selling one contract of the Progressive Corp (The) Aug 2016 32 call for 1.75 for a net debit of $ 30.97 per share. This trade lasts 119 days, giving it an annualized return rate of 10.2%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Consumer Discret Select Sector SPDR has an assigned return rate of 3.58%. To enter this trade, buy 100 shares of XLY stock at 79.62 per share and selling one contract of the Consumer Discret Select Sector SPDR Sep 2016 79 call for 3.35 for a net debit of $ 76.27 per share. This trade lasts 147 days, giving it an annualized return rate of 8.89%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on iShares MSCI Australia Index has an assigned return rate of 5.1%. To enter this trade, buy 100 shares of EWA stock at 20.33 per share and selling one contract of the iShares MSCI Australia Index Jan 2017 20 call for 1.3 for a net debit of $ 19.03 per share. This trade lasts 273 days, giving it an annualized return rate of 6.81%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Omnicom Group Inc. has an assigned return rate of 3.07%. To enter this trade, buy 100 shares of OMC stock at 84.02 per share and selling one contract of the Omnicom Group Inc. Oct 2016 80 call for 6.4 for a net debit of $ 77.62 per share. This trade lasts 182 days, giving it an annualized return rate of 6.15%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on Paychex Inc has an assigned return rate of 2.06%. To enter this trade, buy 100 shares of PAYX stock at 52.29 per share and selling one contract of the Paychex Inc Sep 2016 50 call for 3.3 for a net debit of $ 48.99 per share. This trade lasts 147 days, giving it an annualized return rate of 5.12%. The risk assessment of this trade is 3 keys, (Moderate relative risk).
Today's optimal covered call on iShares MSCI Germany Index has an assigned return rate of 3.71%. To enter this trade, buy 100 shares of EWG stock at 26.67 per share and selling one contract of the iShares MSCI Germany Index Jan 2017 26 call for 1.6 for a net debit of $ 25.07 per share. This trade lasts 273 days, giving it an annualized return rate of 4.96%. 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. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools!
Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today!
NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security.
STOCKS ON THE MOVE
EastGroup (EGP) was upgraded by analysts this morning, while Ultratech (UTEK), Tempur Sealy International (TPX) and and United Rentals (URI) were downgraded. Advanced Micro Devices, Inc.(AMD), Valeant Pharmaceuticals International, Inc. (VRX), and Skechers U.S.A., Inc.(SKX) are early risers, while Lakeland Industries Inc. (LAKE), Alphabet Inc. (GOOG) and Visa Inc.(V) are down.
INTERNATIONAL MARKETS
Asian markets finished mixed Friday as the Nikkei rallied to its third straight week of gains. The Nikkei was up 1.20% while the Hang Seng was down 0.72%. In Europe, markets are lower today with auto maker?s shares leading the way lower. The FTSE is down 0.47%, while the DAX is down 0.19%.
FUTURES & CURRENCIES
Energy futures are mixed this morning. The price for West Texas Intermediate crude oil is up $0.26 to $43.34 per barrel, while natural gas is down $0.01 to $2.19. Metals prices are higher. Gold is down $2.40 to $1,247.90 per ounce and platinum is down $5.80 to $1,026.10. The Dollar is up versus the Euro and the Yen.
PUT/CALL RATIO
Yesterday, 716,250 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 610,703 put contracts. The single-session put/call was 0.85 while the 20-day moving average is now at 0.68.
TODAY'S ECONOMIC CALENDAR
Nothing Scheduled Today.
EARNINGS EXPECTED TODAY:
AAL
ABCB
AN
CBF
CAT
FNB
GE
GNTX
HON
IPG
KMB
LYB
MCD
PRK
SSB
SHOO
STI
SYF
TMP
WBC
This Morning Update was prepared with data and information provided by:
