MORNING UPDATE: PriceWatch Alerts for ORCL and More... for 2023-04-03 |
| PriceWatch Alerts for ORCL, ZTO, EIX, RELY, BJ, CLH, CERT, JBL, MNST, and PCG. Today's optimal covered call on Oracle Corp has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of ORCL stock at $92.92 per share and sell one contract of the Oracle Corp April 21, 2023 93 call for $1.69 for a net debit of $91.23 per share. This trade lasts 18 days, giving it an annualized return rate of 33.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Zto Express Cayman Inc ADR has an assigned return rate of 4.3%. To enter this trade, buy 100 shares of ZTO stock at $28.66 per share and sell one contract of the Zto Express Cayman Inc ADR May 19, 2023 28 call for $1.82 for a net debit of $26.84 per share. This trade lasts 46 days, giving it an annualized return rate of 32.3%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Edison International has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of EIX stock at $70.59 per share and sell one contract of the Edison International April 21, 2023 70 call for $1.82 for a net debit of $68.77 per share. This trade lasts 18 days, giving it an annualized return rate of 31.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Remitly Global Inc has an assigned return rate of 16.2%. To enter this trade, buy 100 shares of RELY stock at $16.95 per share and sell one contract of the Remitly Global Inc October 20, 2023 15 call for $4.04 for a net debit of $12.91 per share. This trade lasts 200 days, giving it an annualized return rate of 29.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Bj's Wholesale Club Holdings Inc has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of BJ stock at $76.07 per share and sell one contract of the Bj's Wholesale Club Holdings Inc May 19, 2023 75 call for $3.82 for a net debit of $72.25 per share. This trade lasts 46 days, giving it an annualized return rate of 28.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Clean Harbors has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of CLH stock at $142.56 per share and sell one contract of the Clean Harbors May 19, 2023 140 call for $7.45 for a net debit of $135.11 per share. This trade lasts 46 days, giving it an annualized return rate of 27.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Certara Inc has an assigned return rate of 14.2%. To enter this trade, buy 100 shares of CERT stock at $24.11 per share and sell one contract of the Certara Inc November 17, 2023 22.5 call for $4.40 for a net debit of $19.71 per share. This trade lasts 228 days, giving it an annualized return rate of 22.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 4.7%. To enter this trade, buy 100 shares of JBL stock at $88.16 per share and sell one contract of the Jabil Circuit June 16, 2023 85 call for $6.94 for a net debit of $81.22 per share. This trade lasts 74 days, giving it an annualized return rate of 22.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Monster Beverage Cp has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of MNST stock at $54.01 per share and sell one contract of the Monster Beverage Cp May 19, 2023 52.5 call for $2.98 for a net debit of $51.04 per share. This trade lasts 46 days, giving it an annualized return rate of 21.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Pacific Gas & Electric Company has an assigned return rate of 6.4%. To enter this trade, buy 100 shares of PCG stock at $16.17 per share and sell one contract of the Pacific Gas & Electric Company July 21, 2023 16 call for $1.13 for a net debit of $15.04 per share. This trade lasts 109 days, giving it an annualized return rate of 20.8%. 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 Indonesia Energy Corp Ltd (INDO), Guardforce Ai Company (GFAI) and Houston American Energy Corp (HUSA) are moving higher this morning, while Oncosec Medical (ONCS), Ascendis Pharma ADR (ASND) and United Homes Group Inc (UHG) are headed lower. Alaska Air Group (ALK), Intel Corp (INTC) and Macy's Inc (M) were upgraded, while Agco Corp (AGCO), First Solar Inc (FSLR) and Marqeta Inc Cl A (MQ) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Shanghai SE Composite Index is up 0.72%, the Australia ASX All Ordinaries is up 0.58%, the Nikkei 225 is up 0.52%, the Mumbai Sensex is up 0.19%, and the Hang Seng is up 0.04%. In Europe, stocks are mixed. The FTSE 100 is up 0.6%, the CAC 40 is up 0.35%, the Euro Stoxx 50 is up 0.08%, and the DAX is down 0.1%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $4.98 at $80.65 per barrel. Brent crude is up $5.07 at $84.96 per barrel. Natural Gas is down $0.14 at $2.07. Precious metals are mixed this morning. Gold is up $8.77 at $1978.05 per ounce. Platinum is down $2.91 at $992.3, while silver is down $0.02 at $24.14. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and down against the Pound. Bitcoin is down 0.5% to $28,181.22, while Ethereum is down 0.56% to $1,804.67. Equity PUT/CALL RATIO Yesterday, 1,459,914 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 856,465 put contracts. The single-session put/call ratio was 0.59. TODAY'S ECONOMIC CALENDAR Construction Spending Feb 10:00 ET ISM Manufacturing Index Mar 10:00 ET EARNINGS EXPECTED TODAY: SAIC, SWKH, WEJO |
