MORNING UPDATE: PriceWatch Alerts for XLF and More... for 2023-01-23 |
| PriceWatch Alerts for XLF, EWP, TTC, EWU, EWH, EWI, EWL, EPI, EWG, and UUP. Today's optimal covered call on S&P 500 Financials Sector SPDR has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of XLF stock at $35.35 per share and sell one contract of the S&P 500 Financials Sector SPDR March 17, 2023 35 call for $1.33 for a net debit of $34.02 per share. This trade lasts 53 days, giving it an annualized return rate of 18.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Spain Ishares MSCI ETF has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of EWP stock at $26.64 per share and sell one contract of the Spain Ishares MSCI ETF April 21, 2023 26 call for $1.53 for a net debit of $25.11 per share. This trade lasts 88 days, giving it an annualized return rate of 14.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Toro Company has an assigned return rate of 4.9%. To enter this trade, buy 100 shares of TTC stock at $109.48 per share and sell one contract of the Toro Company June 16, 2023 105 call for $9.40 for a net debit of $100.08 per share. This trade lasts 144 days, giving it an annualized return rate of 12.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on UK Ishares MSCI ETF has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of EWU stock at $32.76 per share and sell one contract of the UK Ishares MSCI ETF April 21, 2023 32 call for $1.66 for a net debit of $31.09 per share. This trade lasts 88 days, giving it an annualized return rate of 11.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Hong Kong Ishares MSCI ETF has an assigned return rate of 4.4%. To enter this trade, buy 100 shares of EWH stock at $22.29 per share and sell one contract of the Hong Kong Ishares MSCI ETF June 16, 2023 22 call for $1.22 for a net debit of $21.07 per share. This trade lasts 144 days, giving it an annualized return rate of 11.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Italy Ishares MSCI ETF has an assigned return rate of 4.0%. To enter this trade, buy 100 shares of EWI stock at $29.53 per share and sell one contract of the Italy Ishares MSCI ETF June 16, 2023 29 call for $1.64 for a net debit of $27.88 per share. This trade lasts 144 days, giving it an annualized return rate of 9.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Switzerland Ishares MSCI ETF has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of EWL stock at $44.93 per share and sell one contract of the Switzerland Ishares MSCI ETF April 21, 2023 43 call for $2.95 for a net debit of $41.98 per share. This trade lasts 88 days, giving it an annualized return rate of 9.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Wisdomtree India Earnings Fund has an assigned return rate of 4.4%. To enter this trade, buy 100 shares of EPI stock at $33.86 per share and sell one contract of the Wisdomtree India Earnings Fund July 21, 2023 33 call for $2.26 for a net debit of $31.60 per share. This trade lasts 179 days, giving it an annualized return rate of 8.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Germany Ishares MSCI ETF has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of EWG stock at $27.77 per share and sell one contract of the Germany Ishares MSCI ETF July 21, 2023 27 call for $1.68 for a net debit of $26.09 per share. This trade lasts 179 days, giving it an annualized return rate of 7.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on DB US Dollar Index Bullish Fund has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of UUP stock at $27.44 per share and sell one contract of the DB US Dollar Index Bullish Fund September 15, 2023 27 call for $1.44 for a net debit of $26.00 per share. This trade lasts 235 days, giving it an annualized return rate of 5.9%. 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)! 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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 Salesforce Inc (CRM), Synchrony Financial (SYF) and Eqt Corp (EQT) are moving higher this morning, while Xylem Inc (XYL), Abbott Laboratories (ABT) and Tapestry Inc (TPR) are headed lower. Ternium S.A. ADR (TX), Wayfair Inc (W) and Western Digital Cp (WDC) were upgraded, while Motorola Solutions (MSI), Ringcentral Inc (RNG) and Zoom Video Communications Cl A (ZM) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Mumbai Sensex is up 53%, the Nikkei 225 is up 3%, the Hang Seng is up 1.82% the Shanghai SE Composite Index is up 0.76% and the Australia ASX All Ordinaries is up 0.1%. In Europe stocks are up. The Euro Stoxx 50 is up 0.35%, the FTSE 100 is up 0.33%, the CAC 40 is up 0.21% and the DAX is up 0.14%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.74 at 82.38 per barrel. Brent crude is up 0.86 at 88.49 per barrel. Natural Gas is up 0.29 at 3.46. Precious metals are mixed this morning. Gold is up 0.95 at 1927.03 per ounce. Platinum is down -1.25 at 1044.63 while silver is down -0.09 at 23.85. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound. Bitcoin is up 0.19% to $22,926.46 while Ethereum is up 0.2% to $1,636.94. Equity PUT/CALL RATIO Yesterday, 1,544,717 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,249,837 put contracts. The single-session put/call ratio was 0.81. TODAY'S ECONOMIC CALENDAR S&P Case-Shiller Home Price Index Nov 09:00 ET Leading Indicators Dec 10:00 ET EARNINGS EXPECTED TODAY: BBCP, BKR, BMRC, BOH, BRO, CFB, CR, EFSC, FNB, HOPE, IBTX, MNSB, NBTB, RBB, SFBS, SMBK, SYF, TRST, UMPQ, ZION |
