MORNING UPDATE: PriceWatch Alerts for PSX and More... for 2023-03-08 |
| PriceWatch Alerts for PSX, CC, OLN, SNPS, CP, BWA, GS, DXCM, IRDM, and XOM. Today's optimal covered call on Phillips 66 has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of PSX stock at $101.79 per share and sell one contract of the Phillips 66 March 17, 2023 101 call for $2.61 for a net debit of $99.18 per share. This trade lasts 9 days, giving it an annualized return rate of 67.0%. 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 3.1%. To enter this trade, buy 100 shares of CC stock at $34.21 per share and sell one contract of the Chemours Company March 24, 2023 34 call for $1.22 for a net debit of $32.99 per share. This trade lasts 16 days, giving it an annualized return rate of 65.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Olin Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of OLN stock at $56.80 per share and sell one contract of the Olin Corp March 17, 2023 56.5 call for $1.30 for a net debit of $55.50 per share. This trade lasts 9 days, giving it an annualized return rate of 65.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Synopsys Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of SNPS stock at $361.28 per share and sell one contract of the Synopsys Inc March 17, 2023 360 call for $7.56 for a net debit of $353.72 per share. This trade lasts 9 days, giving it an annualized return rate of 64.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Canadian Pacific Railway has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of CP stock at $75.46 per share and sell one contract of the Canadian Pacific Railway March 17, 2023 75 call for $1.74 for a net debit of $73.72 per share. This trade lasts 9 days, giving it an annualized return rate of 63.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Borgwarner Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of BWA stock at $49.98 per share and sell one contract of the Borgwarner Inc March 17, 2023 50 call for $0.82 for a net debit of $49.16 per share. This trade lasts 9 days, giving it an annualized return rate of 62.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Goldman Sachs Group has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of GS stock at $346.08 per share and sell one contract of the Goldman Sachs Group March 17, 2023 345 call for $6.82 for a net debit of $339.26 per share. This trade lasts 9 days, giving it an annualized return rate of 61.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Dexcom Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of DXCM stock at $113.81 per share and sell one contract of the Dexcom Inc March 17, 2023 110 call for $5.64 for a net debit of $108.17 per share. This trade lasts 9 days, giving it an annualized return rate of 61.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Iridium Comm Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of IRDM stock at $60.81 per share and sell one contract of the Iridium Comm Inc March 17, 2023 60 call for $1.80 for a net debit of $59.02 per share. This trade lasts 9 days, giving it an annualized return rate of 60.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Exxon Mobil Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of XOM stock at $111.61 per share and sell one contract of the Exxon Mobil Corp March 17, 2023 111 call for $2.41 for a net debit of $109.20 per share. This trade lasts 9 days, giving it an annualized return rate of 60.1%. 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. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today! NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE Occidental Petroleum Corp (OXY), Campbell Soup Company (CPB) and Cms Energy Corp (CMS) are moving higher this morning, while Assurant Inc (AIZ), Edwards Lifesciences Corp (EW) and Centene Corp (CNC) are headed lower. Cms Energy Corp (CMS), Atlantica Yield Plc (AY) and Agnc Investment Corp (AGNC) were upgraded, while Ares Commercial Real Estate Cor (ACRE), Cara Therapeutics (CARA) and Tesla Inc (TSLA) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 0.48%, the Mumbai Sensex is up 0.21%, the Shanghai SE Composite Index is down -0.06% the Australia ASX All Ordinaries is down -0.78% and the Hang Seng is down -2.35%. In Europe stocks are mixed. The DAX is up 0.15%, the Euro Stoxx 50 is up 0.05%, the FTSE 100 is down -0.19% and the CAC 40 is down -0.2%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $ $-0.35 at $77.23 per barrel. Brent crude is down $-0.23 at $83.06 per barrel. Natural Gas is down $-0.07 at $2.62. Precious metals are mixed this morning. Gold is up 0.96% at $1814.41 per ounce. Platinum is up 7.77% at $942.9 while silver is down -0.01% at $20.19. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen and down against the Pound. Bitcoin is down -1.71% to $22,024.00 while Ethereum is down -0.85% to $1,554.10. Equity PUT/CALL RATIO Yesterday, 892,525 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 657,249 put contracts. The single-session put/call ratio was 0.74. TODAY'S ECONOMIC CALENDAR ADP Employment Change Feb 8:15 EIA Crude Oil Inventories 3/4 10:30AM Fed's Beige Book Mar 2:00PM EARNINGS EXPECTED TODAY: ABM, ADDYY, BNTGY, CINT, COCO, KFY, LTH, MCG, NVEI, PMTS, REVG, TCNNF, UNFI, VBNK, VERX, VRDN, XERS, YMM, YSG |
