MORNING UPDATE: PriceWatch Alerts for TEX and More... for 2023-03-02 |
| PriceWatch Alerts for TEX, BKR, RMBS, CAH, FISV, TPX, HUM, SHEL, MCHP, and RACE. Today's optimal covered call on Terex Corp has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of TEX stock at $59.99 per share and sell one contract of the Terex Corp March 17, 2023 60 call for $1.68 for a net debit of $58.31 per share. This trade lasts 15 days, giving it an annualized return rate of 66.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Baker Hughes Company has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of BKR stock at $31.09 per share and sell one contract of the Baker Hughes Company March 17, 2023 31 call for $0.96 for a net debit of $30.13 per share. This trade lasts 15 days, giving it an annualized return rate of 65.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Rambus Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of RMBS stock at $45.03 per share and sell one contract of the Rambus Inc March 17, 2023 45 call for $1.22 for a net debit of $43.82 per share. This trade lasts 15 days, giving it an annualized return rate of 61.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Cardinal Health has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of CAH stock at $75.98 per share and sell one contract of the Cardinal Health March 10, 2023 76 call for $1.12 for a net debit of $74.87 per share. This trade lasts 8 days, giving it an annualized return rate of 61.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Fiserv Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of FISV stock at $115.81 per share and sell one contract of the Fiserv Inc March 10, 2023 116 call for $1.52 for a net debit of $114.28 per share. This trade lasts 8 days, giving it an annualized return rate of 60.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Tempur-Pedic International Inc has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of TPX stock at $42.77 per share and sell one contract of the Tempur-Pedic International Inc March 17, 2023 42.5 call for $1.36 for a net debit of $41.40 per share. This trade lasts 15 days, giving it an annualized return rate of 60.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Humana Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of HUM stock at $496.15 per share and sell one contract of the Humana Inc March 10, 2023 495 call for $8.37 for a net debit of $487.78 per share. This trade lasts 8 days, giving it an annualized return rate of 60.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Royal Dutch Shell Plc ADR has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of SHEL stock at $61.94 per share and sell one contract of the Royal Dutch Shell Plc ADR March 10, 2023 62 call for $0.82 for a net debit of $61.12 per share. This trade lasts 8 days, giving it an annualized return rate of 58.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Microchip Technology has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of MCHP stock at $80.78 per share and sell one contract of the Microchip Technology March 17, 2023 80 call for $2.76 for a net debit of $78.02 per share. This trade lasts 15 days, giving it an annualized return rate of 57.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ferrari N.V. has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of RACE stock at $262.72 per share and sell one contract of the Ferrari N.V. March 10, 2023 262.5 call for $3.90 for a net debit of $258.82 per share. This trade lasts 8 days, giving it an annualized return rate of 57.7%. The risk assessment of this trade is 5 keys (The Lowest 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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STOCKS ON THE MOVE Salesforce Inc (CRM), Servicenow Inc (NOW) and Lumen Technologies Inc (LUMN) are moving higher this morning, while The Aes Corp (AES), Best Buy Company (BBY) and Hormel Foods Corp (HRL) are headed lower. Bank of Marin Bancrp (BMRC), Celanese Corp (CE) and Iqiyi Inc ADR (IQ) were upgraded, while Axon Enterprise Inc (AXON), Dollar Tree Inc (DLTR) and HF Sinclair Corp (DINO) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.05%, the Shanghai SE Composite Index is down -0.05%, the Nikkei 225 is down -0.06% the Mumbai Sensex is down -0.84% and the Hang Seng is down -0.92%. In Europe stocks are mixed. The CAC 40 is up 0.06%, the Euro Stoxx 50 is down -0.1%, the FTSE 100 is down -0.12% and the DAX is down -0.45%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $ $0.42 at $78.11 per barrel. Brent crude is up $0.41 at $84.72 per barrel. Natural Gas is down $-0.05 at $2.76. Precious metals are mixed this morning. Gold is down -4.48% at $1832.24 per ounce. Platinum is up 0.72% at $960.1 while silver is down -0.21% at $20.88. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound. Bitcoin is down -1.57% to $23,340.07 while Ethereum is down -1.06% to $1,633.23. Equity PUT/CALL RATIO Yesterday, 1,030,957 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 995,975 put contracts. The single-session put/call ratio was 0.97. TODAY'S ECONOMIC CALENDAR Continuing Claims 02/18 08:30 ET Initial Claims 02/25 08:30 ET EIA Natural Gas Inventories 02/24 10:30 ET EARNINGS EXPECTED TODAY: AMRX, ARGX, ATGFF, BIG, BUD, CPG, STVN, TD |
