MORNING UPDATE: PriceWatch Alerts for ETNB and More... for 2023-06-16 |
| PriceWatch Alerts for ETNB, LTH, SPOT, CERE, LNTH, FI, LLY, ARWR, RMBS, and MRK. Today's optimal covered call on 89Bio Inc has an assigned return rate of 9.8%. To enter this trade, buy 100 shares of ETNB stock at $20.69 per share and sell one contract of the 89Bio Inc August 18, 2023 20 call for $2.48 for a net debit of $18.22 per share. This trade lasts 63 days, giving it an annualized return rate of 55.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Life Time Group Holdings Inc has an assigned return rate of 5.4%. To enter this trade, buy 100 shares of LTH stock at $20.11 per share and sell one contract of the Life Time Group Holdings Inc July 21, 2023 20 call for $1.14 for a net debit of $18.98 per share. This trade lasts 35 days, giving it an annualized return rate of 54.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Spotify Technology S.A. has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of SPOT stock at $152.18 per share and sell one contract of the Spotify Technology S.A. June 23, 2023 150 call for $3.93 for a net debit of $148.25 per share. This trade lasts 7 days, giving it an annualized return rate of 53.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Cerevel Therapeutics Hldg Inc has an assigned return rate of 5.2%. To enter this trade, buy 100 shares of CERE stock at $35.38 per share and sell one contract of the Cerevel Therapeutics Hldg Inc July 21, 2023 35 call for $2.10 for a net debit of $33.28 per share. This trade lasts 35 days, giving it an annualized return rate of 52.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Lantheus Holdings has an assigned return rate of 9.0%. To enter this trade, buy 100 shares of LNTH stock at $89.81 per share and sell one contract of the Lantheus Holdings August 18, 2023 90 call for $7.26 for a net debit of $82.55 per share. This trade lasts 63 days, giving it an annualized return rate of 51.5%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Fiserv Inc has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of FI stock at $120.35 per share and sell one contract of the Fiserv Inc June 23, 2023 120 call for $1.62 for a net debit of $118.74 per share. This trade lasts 7 days, giving it an annualized return rate of 48.6%. 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 1.1%. To enter this trade, buy 100 shares of LLY stock at $453.93 per share and sell one contract of the Eli Lilly and Company June 23, 2023 452.5 call for $6.18 for a net debit of $447.75 per share. This trade lasts 7 days, giving it an annualized return rate of 48.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Arrowhead Pharma has an assigned return rate of 4.6%. To enter this trade, buy 100 shares of ARWR stock at $35.74 per share and sell one contract of the Arrowhead Pharma July 21, 2023 35 call for $2.29 for a net debit of $33.45 per share. This trade lasts 35 days, giving it an annualized return rate of 47.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Rambus Inc has an assigned return rate of 4.6%. To enter this trade, buy 100 shares of RMBS stock at $60.59 per share and sell one contract of the Rambus Inc July 21, 2023 60 call for $3.23 for a net debit of $57.36 per share. This trade lasts 35 days, giving it an annualized return rate of 46.7%. 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 1.0%. To enter this trade, buy 100 shares of MRK stock at $109.40 per share and sell one contract of the Merck & Company June 23, 2023 109 call for $1.50 for a net debit of $107.90 per share. This trade lasts 7 days, giving it an annualized return rate of 46.6%. 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)! 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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 Virgin Galactic Holdings Inc (SPCE), Surface Oncology Inc (SURF) and Irobot Corp (IRBT) are moving higher this morning, while Top Kingwin Ltd Cl A (TCJH), Verastem Inc (VSTM) and Cineverse Corp (CNVS) are headed lower. Morphosys Ag ADR (MOR), Autozone (AZO) and West Pharmaceutical Services (WST) were upgraded, while RPC Inc (RES), Sofi Technologies Inc (SOFI) and Nextier Oilfield Solutions Inc (NEX) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Australia ASX All Ordinaries is up 1.1%, the Hang Seng is up 1.07%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.74%, the Nikkei 225 is up 0.66%, and the Shanghai SE Composite Index is up 0.65%. In Europe, stocks are up. The FTSE 100 is up 23.71%, the CAC 40 is up 1.02%, the Euro Stoxx 50 is up 0.64%, and the DAX is up 0.41%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.04 at $70.66 per barrel. Brent crude is up $0.08 at $75.75 per barrel. Natural Gas is up $0.02 at $2.55. Precious metals are up this morning. Gold is up $8.12 at $1966.13 per ounce. Platinum is up $3.96 at $996.05, while silver is up $0.23 at $24.18. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and down against the Pound. Bitcoin is up 2.02% to $25,463.19, while Ethereum is up 1.44% to $1,662.81. Equity PUT/CALL RATIO Yesterday, 5,601,671 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,953,319 put contracts. The single-session put/call ratio was 0.88. TODAY'S ECONOMIC CALENDAR Univ. of Michigan Consumer Sentiment - Prelim Jun 10:00 AM EARNINGS EXPECTED TODAY: NAAS |
