MORNING UPDATE: PriceWatch Alerts for MRK and More... for 2023-03-03 |
| PriceWatch Alerts for MRK, CC, XOM, ELF, FLNG, SBUX, MUR, LLY, HUM, and TSCO. Today's optimal covered call on Merck & Company has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of MRK stock at $107.01 per share and sell one contract of the Merck & Company March 10, 2023 107 call for $1.52 for a net debit of $105.49 per share. This trade lasts 7 days, giving it an annualized return rate of 65.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Chemours Company has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of CC stock at $36.12 per share and sell one contract of the Chemours Company March 17, 2023 36 call for $1.06 for a net debit of $35.06 per share. This trade lasts 14 days, giving it an annualized return rate of 65.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Exxon Mobil Corp has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of XOM stock at $111.40 per share and sell one contract of the Exxon Mobil Corp March 10, 2023 111 call for $1.96 for a net debit of $109.44 per share. This trade lasts 7 days, giving it an annualized return rate of 65.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on E.L.F. Beauty Inc has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of ELF stock at $75.22 per share and sell one contract of the E.L.F. Beauty Inc March 17, 2023 75 call for $2.15 for a net debit of $73.06 per share. This trade lasts 14 days, giving it an annualized return rate of 64.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Flex Lng Ltd has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of FLNG stock at $34.97 per share and sell one contract of the Flex Lng Ltd March 17, 2023 34.75 call for $1.12 for a net debit of $33.85 per share. This trade lasts 14 days, giving it an annualized return rate of 64.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Starbucks Corp has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of SBUX stock at $103.01 per share and sell one contract of the Starbucks Corp March 10, 2023 103 call for $1.42 for a net debit of $101.59 per share. This trade lasts 7 days, giving it an annualized return rate of 63.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Murphy Oil Corp has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of MUR stock at $40.76 per share and sell one contract of the Murphy Oil Corp March 17, 2023 40 call for $1.76 for a net debit of $38.99 per share. This trade lasts 14 days, giving it an annualized return rate of 62.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Eli Lilly and Company has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of LLY stock at $315.05 per share and sell one contract of the Eli Lilly and Company March 10, 2023 315 call for $4.24 for a net debit of $310.81 per share. This trade lasts 7 days, giving it an annualized return rate of 61.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Humana Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of HUM stock at $495.76 per share and sell one contract of the Humana Inc March 10, 2023 495 call for $7.17 for a net debit of $488.59 per share. This trade lasts 7 days, giving it an annualized return rate of 59.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Tractor Supply Company has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of TSCO stock at $228.49 per share and sell one contract of the Tractor Supply Company March 10, 2023 227.5 call for $3.84 for a net debit of $224.65 per share. This trade lasts 7 days, giving it an annualized return rate of 57.9%. 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)! 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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), Kroger Company (KR) and Catalent Inc (CTLT) are moving higher this morning, while Hormel Foods Corp (HRL), Wells Fargo & Company (WFC) and Best Buy Company (BBY) are headed lower. Stellantis N.V. (STLA), Radnet Inc (RDNT) and Pioneer Natural Resources Compan (PXD) were upgraded, while Fomento Economico Mexicano S.A.B (FMX), Vornado Realty Trust (VNO) and Brp Group Inc Cl A (BRP) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Nikkei 225 is up 1.56%, the Mumbai Sensex is up 1.53%, the Hang Seng is up 0.68% the Shanghai SE Composite Index is up 0.54% and the Australia ASX All Ordinaries is up 0.32%. In Europe stocks are up. The DAX is up 1%, the Euro Stoxx 50 is up 0.86%, the CAC 40 is up 0.7% and the FTSE 100 is up 0.06%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $ $-0.37 at $77.79 per barrel. Brent crude is down $-0.46 at $84.29 per barrel. Natural Gas is up $0.06 at $2.83. Precious metals are up this morning. Gold is up 9.92% at $1845.79 per ounce. Platinum is up 9.93% at $974.6 while silver is up 0.22% at $21.12. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound. Bitcoin is down -4.31% to $22,351.70 while Ethereum is down -4.3% to $1,565.21. Equity PUT/CALL RATIO Yesterday, 1,471,006 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,362,854 put contracts. The single-session put/call ratio was 0.93. TODAY'S ECONOMIC CALENDAR IHS Markit Services PMI - Final Feb 09:45 ET ISM Non-Manufacturing Index Feb 10:00 ET EARNINGS EXPECTED TODAY: DLAKY |
