MORNING UPDATE: PriceWatch Alerts for GPRO and More... for 2016-03-03 |
| PriceWatch Alerts for GPRO, COP, SCTY, CLF and LXU. GoPro (NASDAQ: GPRO) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $13.02 while selling the April $13.00 call will produce a new covered call with a break-even point around $11.65. At that price, this position has a target return of 11.6 %. This trade will have roughly 10.5 % downside protection, while still aiming for a 11.6 % return in 43 days. It will lock in that return as long as GoPro is above $13.00 on 4/15/2016. For comparison purposes only, this GPRO covered call aims for an annualized return rate of 98.3 %. ConocoPhillips (NYSE: COP) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $36.48 while simultaneously selling the April $36.00 call will result in a new position with a target return of 5.4 %. Based on recent prices, this position will cost about $34.14, which is also the trade?s breakeven point. At that level, this covered call has 6.4 % downside protection, while still providing a 5.4 % return in 43 days as long as COP is above $36.00 on 4/15/2016. For comparison purposes only, this ConocoPhillips covered call aims for an annualized return rate of 46.2 %. SolarCity (NASDAQ: SCTY) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the April $19.00 call while at the same time buying SCTY stock for $19.56 will produce a new covered call with a target return of 9.8 %. Based on recent data, this trade will cost about $17.31, which is also the covered call?s breakeven point. At that price, this covered call has 11.5 % downside protection, while seeking an assigned return of 9.8 % return in 43 days. If SCTY is higher than $19.00 on 4/15/2016, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 82.8 %. Cliffs Natural Resources (NYSE: CLF) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the October $3.00 call while at the same time buying CLF stock for $2.83 will produce a new covered call with a target return of 35.1 %. Based on recent data, this trade will cost about $2.22, which is also the covered call?s breakeven point. At that price, this covered call has 21.6 % downside protection, while seeking an assigned return of 35.1 % return in 227 days. If CLF is higher than $3.00 on 10/16/2016, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 56.5 %. Lsb (NYSE: LXU) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the June $7.50 call while simultaneously buying LXU stock for $9.19 will result in a new position with a break-even point around $6.44. At that price, this position has a target return of 16.5 %. This trade has 29.9 % downside protection, while still providing a 16.5 % return in 106 days as long as LXU is above $7.50 on 6/17/2016. For comparison purposes only, this Lsb covered call targets an annualized return rate of 56.6 %. 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 Itron (TTRI), Buffalow Wild Wings (BWLD) and Intel (INTC) were upgraded by analysts this morning while SunEdison (SUNE), Comstock (CRK) and Chesapeake Lodging Trust (CHSP) were downgraded. Stratasys Ltd. (SSYS), Devon Energy Corporation (DVN), and Tata Motors Limited (TTM) are early risers, while Herbalife Ltd. (HLF), Ciena Corporation (CIEN) and Groupon, Inc. INTERNATIONAL MARKETS Asian markets finished mixed Thursday as Japanese markets moved higher. The Nikkei was up 1.28%, and the Hang Seng was down 0.31%. Stocks in Europe are lower this morning after five straight days of gains. The FTSE is down 0.01%, while the DAX is down 0.34%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.05 to $34.71 per barrel, while natural gas is down $0.02 to $1.65. Metals prices are higher. Gold is up $3.80 to $1,245.60 per ounce and platinum is up $7.20 to $943.40 an ounce. The Dollar is down versus the Euro and up against the Yen. PUT/CALL RATIO Yesterday, 783,787 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 499,105 put contracts. The single-session put/call was 0.64 while the 20-day moving average is now at 0.75. TODAY'S ECONOMIC CALENDAR Challenger Jo uts Feb 07:30 Initial Claims 02/27 08:30 Continuing Claims 02/27 08:30 Productivity-Rev. Q4 08:30 Unit Labor Costs-Rev. Q4 08:30 Factory Orders Jan 10:00 ISM Services Feb 10:00 Natural Gas Inventories 02/27 10:30 EARNINGS EXPECTED TODAY: AIMT ALG AMBA BKS AVGO BLDR BURL TAST CIEN CSAL COO DERM DVAX TFM ENT HRB HPE HIFR JOY LADR MENT MEI OEC BFS SWHC SSYS TECD KR BLD TSL USPH USCR WING YY This Morning Update was prepared with data and information provided by: |
