MORNING UPDATE: PriceWatch Alerts for CSIQ and More... for 2016-01-11 |
| PriceWatch Alerts for CSIQ, GOOGL, NGL, WFM, WLL ,RLYP, QCOM, XOM, NPTN and DY. Canadian Solar (NASDAQ: CSIQ) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $23.42 while selling the February $23.00 call will produce a new covered call with a break-even point around $21.27. At that price, this position has a target return of 8.1 %. This trade will have roughly 9.2 % downside protection, while still aiming for a 8.1 % return in 39 days. It will lock in that return as long as Canadian Solar is above $23.00 on 2/19/2016. For comparison purposes only, this CSIQ covered call aims for an annualized return rate of 76.1 %. Google (NASDAQ: GOOGL) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $730.99 while simultaneously selling the February $730.00 call will result in a new position with a target return of 5.0 %. Based on recent prices, this position will cost about $695.09, which is also the trade?s breakeven point. At that level, this covered call has 4.9 % downside protection, while still providing a 5.0 % return in 39 days as long as GOOGL is above $730.00 on 2/19/2016. For comparison purposes only, this Google covered call aims for an annualized return rate of 47.0 %. NGL (NYSE: NGL) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the February $12.50 call while at the same time buying NGL stock for $13.28 will produce a new covered call with a target return of 6.1 %. Based on recent data, this trade will cost about $11.78, which is also the covered call?s breakeven point. At that price, this covered call has 11.3 % downside protection, while seeking an assigned return of 6.1 % return in 39 days. If NGL is higher than $12.50 on 2/19/2016, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 57.2 %. Whole Foods (NASDAQ: WFM) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the April $31.00 call while at the same time buying WFM stock for $32.50 will produce a new covered call with a target return of 6.3 %. Based on recent data, this trade will cost about $29.15, which is also the covered call?s breakeven point. At that price, this covered call has 10.3 % downside protection, while seeking an assigned return of 6.3 % return in 95 days. If WFM is higher than $31.00 on 4/15/2016, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 24.4 %. Whiting Petroleum (NYSE: WLL) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the June $7.00 call while simultaneously buying WLL stock for $7.78 will result in a new position with a break-even point around $5.63. At that price, this position has a target return of 24.3 %. This trade has 27.6 % downside protection, while still providing a 24.3 % return in 158 days as long as WLL is above $7.00 on 6/17/2016. For comparison purposes only, this Whiting Petroleum covered call targets an annualized return rate of 56.2 %. Relypsa (NYSE: RLYP) has been identified by InvestorsObserver analysts as being well-positioned for a new covered call today. Buying the stock for $21.83 while selling the February $20.00 call will produce a new covered call with a break-even point around $18.23. At that price, this position has a target return of 9.7 %. This trade will have roughly 16.5 % downside protection, while still aiming for a 9.7 % return in 39 days. It will lock in that return as long as Relypsa is above $20.00 on 2/19/2016. For comparison purposes only, this RLYP covered call aims for an annualized return rate of 90.8 %. Qualcomm (NASDAQ: QCOM) has been selected by InvestorsObserver analysts as a stock that is an ideal candidate for a new covered call today. Buying the stock for $45.87 while simultaneously selling the February $45.00 call will result in a new position with a target return of 4.8 %. Based on recent prices, this position will cost about $42.95, which is also the trade?s breakeven point. At that level, this covered call has 6.4 % downside protection, while still providing a 4.8 % return in 39 days as long as QCOM is above $45.00 on 2/19/2016. For comparison purposes only, this Qualcomm covered call aims for an annualized return rate of 44.6 %. Exxon Mobil (NYSE: XOM) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the April $72.50 call while at the same time buying XOM stock for $74.65 will produce a new covered call with a target return of 4.2 %. Based on recent data, this trade will cost about $69.60, which is also the covered call?s breakeven point. At that price, this covered call has 6.8 % downside protection, while seeking an assigned return of 4.2 % return in 95 days. If XOM is higher than $72.50 on 4/15/2016, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 16.0 %. NeoPhotonics (NYSE: NPTN) has been chosen by InvestorsObserver analysts as a candidate for a new covered call today. Selling the February $7.50 call while at the same time buying NPTN stock for $8.69 will produce a new covered call with a target return of 5.0 %. Based on recent data, this trade will cost about $7.14, which is also the covered call?s breakeven point. At that price, this covered call has 17.8 % downside protection, while seeking an assigned return of 5.0 % return in 39 days. If NPTN is higher than $7.50 on 2/19/2016, we are assured that simple return. For comparison purposes only, that equates to an annualized return rate of 47.2 %. Dycom Industries (NYSE: DY) has been selected by InvestorsObserver analysts as a stock that is a strong candidate for a new covered call today. Selling the February $70.00 call while simultaneously buying DY stock for $71.51 will result in a new position with a break-even point around $66.81. At that price, this position has a target return of 4.8 %. This trade has 6.6 % downside protection, while still providing a 4.8 % return in 39 days as long as DY is above $70.00 on 2/19/2016. For comparison purposes only, this Dycom Industries covered call targets an annualized return rate of 44.6 %. Are you looking for a more conservative strategy that solves the pitfalls that come with covered calls investing? 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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 ONEOK (OKE), Owens Corning (OI) and Apple (AAPL) were upgraded by analysts this morning while NGL Energy Partners (NGL), Tidewater (TDW) and Atwood Oceanics (ATW) were downgraded. Exelixis, Inc. (EXEL), SolarEdge Technologies, Inc. (SEDG), and First Solar, Inc. (FSLR) are early risers, while Frontline Ltd. (FRO), Adamas Pharmaceuticals, Inc. (ADMS) and SeaDrill Limited(SDRL) are down. INTERNATIONAL MARKETS In Asia, markets fell Monday as Chinese authorities took no action on falling markets there. The Shanghai Composite was down 5.33%, and the Nikkei was down 0.39%. European stocks are up today with Geerman shares leading the way higher. The FTSE is up 0.06%, while the DAX is up 0.60%. FUTURES & CURRENCIES Energy futures are lower today. The price for West Texas Intermediate crude oil is down $0.60 to $32.56 per barrel, while natural gas is down $0.04 to $2.42. Metals prices are down today. Gold is down $6.70 to $1,104.60 per ounce and platinum is down $11.30 to $867.30 an ounce. The Dollar is up versus the Euro and the Yen. PUT/CALL RATIO Yesterday, 805,323 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 745,261 put contracts. The single-session put/call was 0.93 while the 20-day moving average is now at 0.71. TODAY'S ECONOMIC CALENDAR No major reports scheduled EARNINGS EXPECTED TODAY: AA QIHU |
