MORNING UPDATE: PriceWatch Alerts for XLF and More... for 2023-02-02 |
| PriceWatch Alerts for XLF, TTC, EWP, EWL, EPI, EWH, HEDJ, EWU, EWG, and UUP. Today's optimal covered call on S&P 500 Financials Sector SPDR has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of XLF stock at $36.56 per share and sell one contract of the S&P 500 Financials Sector SPDR March 17, 2023 36 call for $1.40 for a net debit of $35.16 per share. This trade lasts 43 days, giving it an annualized return rate of 19.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Toro Company has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of TTC stock at $112.28 per share and sell one contract of the Toro Company March 17, 2023 110 call for $4.52 for a net debit of $107.76 per share. This trade lasts 43 days, giving it an annualized return rate of 17.2%. 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 3.7%. To enter this trade, buy 100 shares of EWP stock at $27.36 per share and sell one contract of the Spain Ishares MSCI ETF April 21, 2023 27 call for $1.31 for a net debit of $26.04 per share. This trade lasts 78 days, giving it an annualized return rate of 16.9%. 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 2.8%. To enter this trade, buy 100 shares of EWL stock at $45.47 per share and sell one contract of the Switzerland Ishares MSCI ETF April 21, 2023 45 call for $1.70 for a net debit of $43.77 per share. This trade lasts 78 days, giving it an annualized return rate of 13.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Wisdomtree India Earnings Fund has an assigned return rate of 5.5%. To enter this trade, buy 100 shares of EPI stock at $32.31 per share and sell one contract of the Wisdomtree India Earnings Fund July 21, 2023 31 call for $2.92 for a net debit of $29.39 per share. This trade lasts 169 days, giving it an annualized return rate of 11.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Hong Kong Ishares MSCI ETF has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of EWH stock at $22.25 per share and sell one contract of the Hong Kong Ishares MSCI ETF June 16, 2023 22 call for $1.12 for a net debit of $21.12 per share. This trade lasts 134 days, giving it an annualized return rate of 11.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Wisdomtree Europe Hedged Equity has an assigned return rate of 4.5%. To enter this trade, buy 100 shares of HEDJ stock at $77.71 per share and sell one contract of the Wisdomtree Europe Hedged Equity August 18, 2023 76 call for $5.00 for a net debit of $72.71 per share. This trade lasts 197 days, giving it an annualized return rate of 8.3%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on UK Ishares MSCI ETF has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of EWU stock at $32.68 per share and sell one contract of the UK Ishares MSCI ETF July 21, 2023 32 call for $1.79 for a net debit of $30.89 per share. This trade lasts 169 days, giving it an annualized return rate of 7.7%. 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 7.3%. To enter this trade, buy 100 shares of EWG stock at $28.52 per share and sell one contract of the Germany Ishares MSCI ETF January 19, 2024 28 call for $2.44 for a net debit of $26.08 per share. This trade lasts 351 days, giving it an annualized return rate of 7.6%. 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 3.9%. To enter this trade, buy 100 shares of UUP stock at $27.25 per share and sell one contract of the DB US Dollar Index Bullish Fund September 15, 2023 27 call for $1.27 for a net debit of $25.98 per share. This trade lasts 225 days, giving it an annualized return rate of 6.4%. 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 Fedex Corp (FDX), Parker-Hannifin Corp (PH) and Hershey Foods Corp (HSY) are moving higher this morning, while Estee Lauder Companies (EL), Stanley Black & Decker Inc (SWK) and Air Products and Chemicals (APD) are headed lower. Graco Inc (GGG), Meta Platforms Inc (META) and Silicon Labs Inc (SLAB) were upgraded, while First Solar Inc (FSLR), Match Group Inc (MTCH) and Fortune Brands Innovations Inc (FBIN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex is up 0.38%, the Australia ASX All Ordinaries is up 0.24%, the Nikkei 225 is up 0.2% the Shanghai SE Composite Index is up 0.02% and the Hang Seng is down -0.52%. In Europe stocks are up. The DAX is up 1.19%, the Euro Stoxx 50 is up 0.74%, the FTSE 100 is up 0.48% and the CAC 40 is up 0.13%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.4 at 76.01 per barrel. Brent crude is down -0.6 at 82.24 per barrel. Natural Gas is up 0.03 at 2.5. Precious metals are up this morning. Gold is up 3.28 at 1953.8 per ounce. Platinum is up 19.3 at 1027.58 while silver is up 0.96 at 24.57. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and up against the Pound. Bitcoin is up 3.26% to $23,805.14 while Ethereum is up 6.15% to $1,675.66. Equity PUT/CALL RATIO Yesterday, 2,074,869 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,675,397 put contracts. The single-session put/call ratio was 0.81. TODAY'S ECONOMIC CALENDAR Continuing Claims 01/21 08:30 ET Initial Claims 01/28 08:30 ET Productivity-Prel Q4 08:30 ET EARNINGS EXPECTED TODAY: ABB, APD, BALL, CHT, DB, DLX, DNKEY, FCFS, HBI, IFNNY, JHG, KDDIY, MRAAY, PBH, SHEL, SKFRY, SONY, TAK, TECH, TELNY |
