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MORNING UPDATE: PriceWatch Alerts for NVO and More... for 2023-05-17
PriceWatch Alerts for NVO, UBER, PHM, HUM, CAH, MRK, MA, V, LLY, and MAR.



Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of NVO stock at $167.66 per share and sell one contract of the Novo Nordisk A/S ADR May 26, 2023 167.5 call for $2.73 for a net debit of $164.93 per share. This trade lasts 9 days, giving it an annualized return rate of 56.9%. The risk assessment of this trade is 4 keys (Low relative risk).

Today's optimal covered call on Uber Technologies Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of UBER stock at $37.44 per share and sell one contract of the Uber Technologies Inc June 02, 2023 37 call for $1.32 for a net ...

Today's optimal covered call on Pultegroup has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of PHM stock at $69.36 per share and sell one contract of the Pultegroup May 26, 2023 69 call for $1.32 for a net debit of $68.04 per shar...

Today's optimal covered call on Humana Inc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of HUM stock at $518.35 per share and sell one contract of the Humana Inc May 26, 2023 517.5 call for $7.94 for a net debit of $510.41 per...

Today's optimal covered call on Cardinal Health has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of CAH stock at $85.80 per share and sell one contract of the Cardinal Health May 26, 2023 86 call for $0.97 for a net debit of $84.8...

Today's optimal covered call on Merck & Company has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of MRK stock at $116.08 per share and sell one contract of the Merck & Company May 26, 2023 116 call for $1.61 for a net debit of $11...

Today's optimal covered call on Mastercard Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of MA stock at $380.24 per share and sell one contract of the Mastercard Inc May 26, 2023 380 call for $5.08 for a net debit of $375.1...

Today's optimal covered call on Visa Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of V stock at $230.47 per share and sell one contract of the Visa Inc May 26, 2023 230 call for $3.32 for a net debit of $227.15 per share. ...

Today's optimal covered call on Eli Lilly and Company has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of LLY stock at $436.65 per share and sell one contract of the Eli Lilly and Company May 26, 2023 435 call for $7.02 for a net ...

Today's optimal covered call on Marriot Int Cl A has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of MAR stock at $174.57 per share and sell one contract of the Marriot Int Cl A June 02, 2023 175 call for $3.14 for a net debit of ...

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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
Smart For Life Inc (SMFL), Immutep Ltd ADR (IMMP) and Ambrx Biopharma Inc ADR (AMAM) are moving higher this morning, while Rlx Technology Inc ADR (RLX), Doximity Inc Cl A (DOCS) and Applied Digital Corp (APLD) are headed lower. Old Dominion Freight Line Inc (ODFL), Norfolk Southern Corp (NSC) and Visteon Corp (VC) were upgraded, while Nutrien Ltd (NTR), Wework Inc (WE) and Magellan Midstream Partners LP (MMP) were downgraded.

INTERNATIONAL MARKETS
Stocks in Asia are mixed. The Nikkei 225 is up 0.84%, the Shanghai SE Composite Index is up 0.33%, the Australia ASX All Ordinaries is down 0.47%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.6%, and the Hang Seng is down 2.09%. In Europe, stocks are mixed. The DAX is up 0.36%, the Euro Stoxx 50 is up 0.1%, the CAC 40 is down 0.04%, and the FTSE 100 is down 0.13%.

FUTURES & CURRENCIES
Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.19 at $71.05 per barrel. Brent crude is up $0.19 at $75.1 per barrel. Natural Gas is up $0.05 at $2.43. Precious metals are mixed this morning. Gold is down $2.78 at $1986.39 per ounce. Platinum is up $2.77 at $1503.25, while silver is down $0.06 at $23.69. 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 1.34% to $26,705.62, while Ethereum is down 1.18% to $1,795.19.

Equity PUT/CALL RATIO
Yesterday, 3,710,335 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,474,331 put contracts. The single-session put/call ratio was 0.94.

TODAY'S ECONOMIC CALENDAR
Housing Starts Apr 8:30 AM
EIA Crude Oil Inventories 05/13 10:30 a.m.


EARNINGS EXPECTED TODAY:
ARBE, ARCO, ARQQ, BWAY, DT, EDAP, INVZ, JACK, KMDA, MURGY, RLX, RSKD, SIEGY, TGI, TGT, TJX, WIX, WKME

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