MORNING UPDATE: PriceWatch Alerts for CAH and More... for 2023-06-07 |
| PriceWatch Alerts for CAH, SHEL, PHM, ITCI, AZN, ZTS, EXPD, SONY, LLY, and OC. Today's optimal covered call on Cardinal Health has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of CAH stock at $84.34 per share and sell one contract of the Cardinal Health June 16, 2023 84 call for $1.81 for a net debit of $82.52 per share. This trade lasts 9 days, giving it an annualized return rate of 65.2%. 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 1.6%. To enter this trade, buy 100 shares of SHEL stock at $57.70 per share and sell one contract of the Royal Dutch Shell Plc ADR June 16, 2023 57.5 call for $1.11 for a net debit of $56.59 per share. This trade lasts 9 days, giving it an annualized return rate of 58.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Pultegroup has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of PHM stock at $72.18 per share and sell one contract of the Pultegroup June 16, 2023 72 call for $1.31 for a net debit of $70.86 per share. This trade lasts 9 days, giving it an annualized return rate of 58.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Intra-Cellular Ther has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of ITCI stock at $65.41 per share and sell one contract of the Intra-Cellular Ther June 16, 2023 65 call for $1.42 for a net debit of $63.99 per share. This trade lasts 9 days, giving it an annualized return rate of 57.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Astrazeneca Plc ADR has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of AZN stock at $73.40 per share and sell one contract of the Astrazeneca Plc ADR June 16, 2023 73 call for $1.52 for a net debit of $71.88 per share. This trade lasts 9 days, giving it an annualized return rate of 56.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Zoetis Inc Cl A has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of ZTS stock at $170.14 per share and sell one contract of the Zoetis Inc Cl A June 16, 2023 170 call for $2.68 for a net debit of $167.46 per share. This trade lasts 9 days, giving it an annualized return rate of 55.3%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Expeditors Intl has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of EXPD stock at $115.14 per share and sell one contract of the Expeditors Intl June 16, 2023 115 call for $1.82 for a net debit of $113.32 per share. This trade lasts 9 days, giving it an annualized return rate of 54.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Sony Group Corp ADR has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of SONY stock at $100.05 per share and sell one contract of the Sony Group Corp ADR June 16, 2023 100 call for $1.52 for a net debit of $98.54 per share. This trade lasts 9 days, giving it an annualized return rate of 54.3%. 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 1.5%. To enter this trade, buy 100 shares of LLY stock at $443.07 per share and sell one contract of the Eli Lilly and Company June 16, 2023 442.5 call for $7.04 for a net debit of $436.04 per share. This trade lasts 9 days, giving it an annualized return rate of 54.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Owens Corning Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of OC stock at $115.94 per share and sell one contract of the Owens Corning Inc June 16, 2023 115 call for $2.62 for a net debit of $113.32 per share. This trade lasts 9 days, giving it an annualized return rate of 54.1%. 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 Chindata Group Holdings Ltd ADR (CD), Bone Biologics Corp (BBLG) and Transcode Therapeutics Inc (RNAZ) are moving higher this morning, while Vaxart Inc (VXRT), Mondee Holdings Cl A (MOND) and Zai Lab Ltd ADR (ZLAB) are headed lower. Veru Inc (VERU), Petroleo Brasileiro S.A. Petrobr (PBR) and Coca Cola Femsa S.A.B. DE C.V. A (KOF) were upgraded, while (COHY), Staar Surgical Company (STAA) and Duolingo Inc Cl A (DUOL) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 0.85%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.56%, the Shanghai SE Composite Index is up 0.08%, the Australia ASX All Ordinaries is down 0.13%, and the Nikkei 225 is down 1.82%. In Europe, stocks are up. The FTSE 100 is up 0.17%, the CAC 40 is up 0.09%, the DAX is up 0.08%, and the Euro Stoxx 50 is up 0.05%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.72 at $72.46 per barrel. Brent crude is up $0.72 at $77.01 per barrel. Natural Gas is up $0.05 at $2.31. Precious metals are mixed this morning. Gold is down $2.48 at $1961.04 per ounce. Platinum is down $1.22 at $1412.95, while silver is up $0.02 at $23.59. 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 4.64% to $26,881.32, while Ethereum is up 3.15% to $1,870.49. Equity PUT/CALL RATIO Yesterday, 4,296,861 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,996,798 put contracts. The single-session put/call ratio was 0.93. TODAY'S ECONOMIC CALENDAR EIA Crude Oil Inventories 6/3 10:30 AM EARNINGS EXPECTED TODAY: CPB, CURV, GEF, GME, HCP, JILL, LAKE, LOVE, OLLI, OXM, RENT, SMAR, SMTC, TCOM, TUYA, UNFI, VBNK, VRA, VRNT |
