MORNING UPDATE: PriceWatch Alerts for CCJ and More... for 2023-05-31 |
| PriceWatch Alerts for CCJ, LLY, SHEL, GE, CAH, PHM, NVO, AAPL, ETNB, and MRK. Today's optimal covered call on Cameco Corp has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of CCJ stock at $26.67 per share and sell one contract of the Cameco Corp June 16, 2023 26.5 call for $1.04 for a net debit of $25.63 per share. This trade lasts 16 days, giving it an annualized return rate of 73.2%. The risk assessment of this trade is 3 keys (Moderate 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 $427.24 per share and sell one contract of the Eli Lilly and Company June 09, 2023 427.5 call for $7.85 for a net debit of $419.40 per share. This trade lasts 9 days, giving it an annualized return rate of 70.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Royal Dutch Shell Plc ADR has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of SHEL stock at $57.49 per share and sell one contract of the Royal Dutch Shell Plc ADR June 09, 2023 57.5 call for $1.06 for a net debit of $56.43 per share. This trade lasts 9 days, giving it an annualized return rate of 69.2%. 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 1.9%. To enter this trade, buy 100 shares of GE stock at $102.40 per share and sell one contract of the General Electric Company June 09, 2023 102 call for $2.29 for a net debit of $100.11 per share. This trade lasts 9 days, giving it an annualized return rate of 69.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Cardinal Health has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of CAH stock at $81.33 per share and sell one contract of the Cardinal Health June 09, 2023 81 call for $1.82 for a net debit of $79.50 per share. This trade lasts 9 days, giving it an annualized return rate of 68.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Pultegroup has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of PHM stock at $66.69 per share and sell one contract of the Pultegroup June 09, 2023 66.5 call for $1.42 for a net debit of $65.28 per share. This trade lasts 9 days, giving it an annualized return rate of 68.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of NVO stock at $159.81 per share and sell one contract of the Novo Nordisk A/S ADR June 09, 2023 160 call for $2.73 for a net debit of $157.08 per share. This trade lasts 9 days, giving it an annualized return rate of 67.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Apple Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of AAPL stock at $177.30 per share and sell one contract of the Apple Inc June 09, 2023 177.5 call for $2.85 for a net debit of $174.45 per share. This trade lasts 9 days, giving it an annualized return rate of 63.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on 89Bio Inc has an assigned return rate of 8.9%. To enter this trade, buy 100 shares of ETNB stock at $17.28 per share and sell one contract of the 89Bio Inc July 21, 2023 17.5 call for $1.22 for a net debit of $16.07 per share. This trade lasts 51 days, giving it an annualized return rate of 62.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Merck & Company has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of MRK stock at $109.17 per share and sell one contract of the Merck & Company June 09, 2023 109 call for $1.98 for a net debit of $107.19 per share. This trade lasts 9 days, giving it an annualized return rate of 61.5%. 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'. 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STOCKS ON THE MOVE LL Flooring Hldgs Inc (LL), Netcapital Inc (NCPL) and Biorestorative Therapies Inc (BRTX) are moving higher this morning, while Belite Bio Inc ADR (BLTE), Ambarella Inc (AMBA) and Advance Auto Parts Inc (AAP) are headed lower. Xylem Inc (XYL), Chevron Corp (CVX) and Q2 Holdings Inc (QTWO) were upgraded, while Brf-Brasil Foods S.A. ADR (BRFS), Pdc Energy Inc (PDCE) and Ambarella Inc (AMBA) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Hang Seng is down 1.88%, the Australia ASX All Ordinaries is down 1.54%, the Nikkei 225 is down 1.41%, the Shanghai SE Composite Index is down 0.61%, and the Mumbai Sensex (S&P BSE SENSEX) is down 0.55%. Stocks in Europe are down. The CAC 40 is down 0.59%, the Euro Stoxx 50 is down 0.54%, the DAX is down 0.39%, and the FTSE 100 is down 0.08%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $1.9 at $67.56 per barrel. Brent crude is down $1.69 at $71.85 per barrel. Natural Gas is down $0.04 at $71.85. Precious metals are mixed this morning. Gold is up $1.16 at $1960.49 per ounce. Platinum is down $11.78 at $1012.53, while silver is up $0.13 at $23.31. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen, and up against the Pound. Bitcoin is down 3.16% to $27,118.98, while Ethereum is down 2.56% to $1,867.25. Equity PUT/CALL RATIO Yesterday, 3,893,888 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,489,007 put contracts. The single-session put/call ratio was 0.9. TODAY'S ECONOMIC CALENDAR EIA Crude Oil Inventories 5/27 10:30 AM EARNINGS EXPECTED TODAY: AAP, AI, AMSC, CAE, CD, CHWY, CPRI, CRDO, DCI, EH, FRO, HOV, NCNO, NTAP, NTIOF, OKTA, PHR, RSVR, SOL, TATT |
