"MORNING UPDATE: PriceWatch Alerts for JPM and More... for 2023-04-17 |
| PriceWatch Alerts for JPM, KBH, CXM, TME, DRI, CPB, GIS, LW, MSM, and CAG. Today's optimal covered call on JP Morgan Chase & Company has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of JPM stock at $138.73 per share and sell one contract of the JP Morgan Chase & Company April 28, 2023 138 call for $2.66 for a net debit of $136.07 per share. This trade lasts 11 days, giving it an annualized return rate of 36.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on KB Home has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of KBH stock at $39.69 per share and sell one contract of the KB Home May 19, 2023 39 call for $1.96 for a net debit of $37.73 per share. This trade lasts 32 days, giving it an annualized return rate of 35.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Sprinklr Inc Cl A has an assigned return rate of 9.5%. To enter this trade, buy 100 shares of CXM stock at $13.13 per share and sell one contract of the Sprinklr Inc Cl A August 18, 2023 12.5 call for $1.72 for a net debit of $11.42 per share. This trade lasts 123 days, giving it an annualized return rate of 27.5%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Tencent Music Entertainment ADR has an assigned return rate of 14.1%. To enter this trade, buy 100 shares of TME stock at $7.60 per share and sell one contract of the Tencent Music Entertainment ADR October 20, 2023 7 call for $1.46 for a net debit of $6.14 per share. This trade lasts 186 days, giving it an annualized return rate of 27.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Darden Restaurants has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of DRI stock at $152.42 per share and sell one contract of the Darden Restaurants May 19, 2023 150 call for $5.63 for a net debit of $146.79 per share. This trade lasts 32 days, giving it an annualized return rate of 22.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Campbell Soup Company has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of CPB stock at $54.78 per share and sell one contract of the Campbell Soup Company May 26, 2023 54 call for $1.92 for a net debit of $52.86 per share. This trade lasts 39 days, giving it an annualized return rate of 18.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on General Mills has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of GIS stock at $86.56 per share and sell one contract of the General Mills May 19, 2023 85 call for $2.92 for a net debit of $83.64 per share. This trade lasts 32 days, giving it an annualized return rate of 17.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Lamb Weston Holdings Inc has an assigned return rate of 11.5%. To enter this trade, buy 100 shares of LW stock at $108.71 per share and sell one contract of the Lamb Weston Holdings Inc January 19, 2024 110 call for $10.06 for a net debit of $98.65 per share. This trade lasts 277 days, giving it an annualized return rate of 15.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Msc Industrial Direct Company has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of MSM stock at $88.42 per share and sell one contract of the Msc Industrial Direct Company June 16, 2023 85 call for $5.56 for a net debit of $82.86 per share. This trade lasts 60 days, giving it an annualized return rate of 15.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Conagra Brands Inc has an assigned return rate of 4.0%. To enter this trade, buy 100 shares of CAG stock at $36.97 per share and sell one contract of the Conagra Brands Inc September 15, 2023 36 call for $2.37 for a net debit of $34.60 per share. This trade lasts 151 days, giving it an annualized return rate of 9.6%. The risk assessment of this trade is 3 keys (Moderate 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 Contrafect (CFRX), Satsuma Pharmaceuticals Inc (STSA) and Cns Pharmaceuticals Inc (CNSP) are moving higher this morning, while Marpai Inc Cl A (MRAI), Sai.Tech Global Corp (SAI) and Petros Pharmaceuticals Inc (PTPI) are headed lower. Murphy Oil Corp (MUR), Enphase Energy Inc (ENPH) and Taiwan Semiconductor ADR (TSM) were upgraded, while Infosys Ltd ADR (INFY), Wolfspeed Inc (WOLF) and Viewray Inc (VRAY) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.68%, the Shanghai SE Composite Index is up 1.42%, the Australia ASX All Ordinaries is up 0.23%, the Nikkei 225 is up 0.07%, and the Mumbai Sensex is down 0.86%. In Europe, stocks are mixed. The FTSE 100 is up 0.23%, the DAX is down 0.06%, the CAC 40 is down 0.1%, and the Euro Stoxx 50 is down 0.34%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.42 at $82.1 per barrel. Brent crude is down $0.39 at $85.92 per barrel. Natural Gas is up $0.05 at $2.17. Precious metals are up this morning. Gold is up $5.3 at $2009.47 per ounce. Platinum is up $7.07 at $1055.77, while silver is up $0.1 at $25.56. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, up against the Yen, and down against the Pound. Bitcoin is down 2.34% to $29,549.95, while Ethereum is down 0.79% to $2,074.81. Equity PUT/CALL RATIO Yesterday, 4,209,463 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,838,586 put contracts. The single-session put/call ratio was 0.91. TODAY'S ECONOMIC CALENDAR NAHB Housing Market Index April 10 a.m. EARNINGS EXPECTED TODAY: CFB, ELS, FBK, GNTY, JBHT, MTB, PNFP, SCHW, SFBS, STT |
