MORNING UPDATE: PriceWatch Alerts for ETNB and More... for 2023-05-30 |
| PriceWatch Alerts for ETNB, NVO, H, CAH, GE, LLY, SHEL, HUM, MRK, and FISV. Today's optimal covered call on 89bio Inc. has an assigned return rate of 8.8%. To enter this trade, buy 100 shares of ETNB stock at $17.69 per share and sell one contract of the 89bio Inc. July 21, 2023 17.5 call for $1.60 for a net debit of $16.08 per share. This trade lasts 52 days, giving it an annualized return rate of 57.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Novo Nordisk A/S has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of NVO stock at $162.97 per share and sell one contract of the Novo Nordisk A/S June 09, 2023 162.5 call for $3.82 for a net debit of $159.15 per share. This trade lasts 10 days, giving it an annualized return rate of 54.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Hyatt Hotels Corporation Class A has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of H stock at $110.22 per share and sell one contract of the Hyatt Hotels Corporation Class A June 16, 2023 110 call for $3.52 for a net debit of $106.70 per share. This trade lasts 17 days, giving it an annualized return rate of 53.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Cardinal Health Inc. has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of CAH stock at $82.83 per share and sell one contract of the Cardinal Health Inc. June 09, 2023 83 call for $1.48 for a net debit of $81.36 per share. This trade lasts 10 days, giving it an annualized return rate of 52.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on General Electric Company has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of GE stock at $102.74 per share and sell one contract of the General Electric Company June 09, 2023 102 call for $2.70 for a net debit of $100.04 per share. This trade lasts 10 days, giving it an annualized return rate of 51.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Eli Lilly and Company has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of LLY stock at $425.79 per share and sell one contract of the Eli Lilly and Company June 09, 2023 425 call for $8.88 for a net debit of $416.90 per share. This trade lasts 10 days, giving it an annualized return rate of 50.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Royal Dutch Shell PLC American Depositary Shares (each representing two (2)) has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of SHEL stock at $58.78 per share and sell one contract of the Royal Dutch Shell PLC American Depositary Shares (each representing two (2)) June 09, 2023 58.5 call for $1.36 for a net debit of $57.42 per share. This trade lasts 10 days, giving it an annualized return rate of 49.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Humana Inc. has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of HUM stock at $496.60 per share and sell one contract of the Humana Inc. June 09, 2023 497.5 call for $8.29 for a net debit of $488.31 per share. This trade lasts 10 days, giving it an annualized return rate of 49.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Merck & Company Inc. has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of MRK stock at $111.07 per share and sell one contract of the Merck & Company Inc. June 09, 2023 111 call for $2.08 for a net debit of $108.98 per share. This trade lasts 10 days, giving it an annualized return rate of 48.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Fiserv Inc. has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of FISV stock at $113.77 per share and sell one contract of the Fiserv Inc. June 09, 2023 114 call for $1.80 for a net debit of $111.98 per share. This trade lasts 10 days, giving it an annualized return rate of 47.1%. 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 Atento S.A. (ATTO), Gaotu Techedu Inc. American Depositary Shares (GOTU) and Windtree Therapeutics Inc. (WINT) are moving higher this morning, while Presto Automation Inc. (PRST), Quhuo Limited (QH) and TScan Therapeutics Inc. (TCRX) are headed lower. Universal Health Services Inc. (UHS), Paramount Global (PARA) and Medtronic plc. (MDT) were upgraded, while Abbott Laboratories (ABT), (TIGO) and () were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.49%, the Hang Seng is up 0.31%, the Nikkei 225 is up 0.3%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.2%, and the Australia ASX All Ordinaries is down 0.11%. In Europe, stocks are mixed. The DAX is up 0.56%, the Euro Stoxx 50 is up 0.32%, the CAC 40 is down 0.4%, and the FTSE 100 is down 0.54%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $0.64 at $72.03 per barrel. Brent crude is down $1.01 at $76.06 per barrel. Natural Gas is down $0.06 at $2.35. Precious metals are up this morning. Gold is up $15.9 at $1959.09 per ounce. Platinum is up $10.39 at $1039.04, while silver is up $0.06 at $23.24. 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 up 0.25% to $28,005.15, while Ethereum is up 0.67% to $1,916.34. Equity PUT/CALL RATIO Yesterday, 4,305,215 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,800,611 put contracts. The single-session put/call ratio was 0.88. TODAY'S ECONOMIC CALENDAR Consumer Confidence May 10:00 AM EARNINGS EXPECTED TODAY: AMBA, BNR, BOX, ESLT, GLNG, GOTU, HPE, HUIZ, MDWD, SKY, THCH, TIGR, TNP, TRMR, UHAL, YTRA, YY |
