MORNING UPDATE: PriceWatch Alerts for MKC and More... for 2018-10-10 |
| PriceWatch Alerts for MKC, XLE, GDXJ, IYR, DSW ,XLF, ORCL, GDX, XLU and XLI. Today's optimal covered call on McCormick has an assigned return rate of 2.10%. To enter this trade, buy 100 shares of MKC stock at 135.82 per share and selling one contract of the McCormick Nov 2018 135 call for 3.60 for a net debit of $132.21 per share. This trade lasts 37 days, giving it an annualized return rate of 20.74%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Energy Select Sector SPDR has an assigned return rate of 2.04%. To enter this trade, buy 100 shares of XLE stock at 77.79 per share and selling one contract of the Energy Select Sector SPDR Nov 2018 77 call for 2.33 for a net debit of $75.46 per share. This trade lasts 37 days, giving it an annualized return rate of 20.13%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Junior Gold Miners ETF Vaneck has an assigned return rate of 5.42%. To enter this trade, buy 100 shares of GDXJ stock at 27.32 per share and selling one contract of the Junior Gold Miners ETF Vaneck Jan 2019 27 call for 1.72 for a net debit of $25.60 per share. This trade lasts 100 days, giving it an annualized return rate of 19.81%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on iShares DJ US Real Estate has an assigned return rate of 2.00%. To enter this trade, buy 100 shares of IYR stock at 79.01 per share and selling one contract of the iShares DJ US Real Estate Nov 2018 79 call for 1.56 for a net debit of $77.45 per share. This trade lasts 37 days, giving it an annualized return rate of 19.74%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on DSW has an assigned return rate of 4.60%. To enter this trade, buy 100 shares of DSW stock at 32.68 per share and selling one contract of the DSW Jan 2019 30 call for 4.00 for a net debit of $28.67 per share. This trade lasts 100 days, giving it an annualized return rate of 16.79%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on Financial Select Sector SPDR has an assigned return rate of 3.28%. To enter this trade, buy 100 shares of XLF stock at 28.07 per share and selling one contract of the Financial Select Sector SPDR Dec 2018 28 call for 0.97 for a net debit of $27.10 per share. This trade lasts 72 days, giving it an annualized return rate of 16.64%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Oracle has an assigned return rate of 3.15%. To enter this trade, buy 100 shares of ORCL stock at 48.86 per share and selling one contract of the Oracle Dec 2018 48 call for 2.33 for a net debit of $46.53 per share. This trade lasts 72 days, giving it an annualized return rate of 16.01%. The risk assessment of this trade is 4 keys, (Low relative risk). Today's optimal covered call on Market Vectors Gold Miners has an assigned return rate of 6.13%. To enter this trade, buy 100 shares of GDX stock at 18.38 per share and selling one contract of the Market Vectors Gold Miners Mar 2019 18 call for 1.42 for a net debit of $16.96 per share. This trade lasts 156 days, giving it an annualized return rate of 14.34%. The risk assessment of this trade is 3 keys, (Moderate relative risk). Today's optimal covered call on S&P 500 Utilities Sector SPDR has an assigned return rate of 2.62%. To enter this trade, buy 100 shares of XLU stock at 54.29 per share and selling one contract of the S&P 500 Utilities Sector SPDR Dec 2018 54 call for 1.68 for a net debit of $52.61 per share. This trade lasts 72 days, giving it an annualized return rate of 13.29%. The risk assessment of this trade is 2 keys, (Considerable relative risk). Today's optimal covered call on Industrial Select Sector SPDR has an assigned return rate of 2.57%. To enter this trade, buy 100 shares of XLI stock at 77.91 per share and selling one contract of the Industrial Select Sector SPDR Dec 2018 77 call for 2.83 for a net debit of $75.06 per share. This trade lasts 72 days, giving it an annualized return rate of 13.03%. The risk assessment of this trade is 2 keys, (Considerable 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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(PPG) are moving higher this morning, while Fastenal Company (FAST), W W Grainger Inc (GWW) and Applied Materials, Inc. (AMAT) are headed lower. Mosaic Co (MOS), Myriad Genetics, Inc. (MYGN) and Mcdonald's Corp (MCD) were upgraded by analysts this morning, while Trevena Inc (TRVN), Sherwin-Williams Co (SHW) and International Paper Co (IP) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Mumbai Sensex is up 1.35%, the Shanghai SE Composite Index is up 0.18%, the Nikkei 225 is up 0.16% the Australia ASX All Ordinaries is up 0.13% and the Hang Seng is up 0.08%. Stocks in Europe are down. The CAC 40 is down -0.87%, the DAX is down -0.81%, the Euro Stoxx 50 is down -0.56% and the FTSE 100 is down -0.17%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.16 at 74.8 per barrel. Brent crude is down -0.19 at 84.81 per barrel. Natural Gas is up 0.07 at 3.34. Precious metals are down this morning. Gold is down -3.45 at 1186.32 per ounce. Platinum is down -3.76 at 821.53 while silver is down -0.03 at 14.37. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and down against the Pound. PUT/CALL RATIO Yesterday, 906,730 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 558,308 put contracts. The single-session put/call was 0.62 while the 20-day moving average is now at 0.6. TODAY'S ECONOMIC CALENDAR MBA Mortgage Applications Index 10/06 07:00 PPI Sep 08:30 Wholesale Inventories Aug 10:00 EARNINGS EXPECTED TODAY: FAST |
