MORNING UPDATE: PriceWatch Alerts for LEN and More... for 2023-07-05 |
| PriceWatch Alerts for LEN, KBH, RL, PLAB, FERG, GMS, JBL, RYAAY, NTAP, and CMC. Today's optimal covered call on Lennar Corporation Class A has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of LEN stock at $125.28 per share and sell one contract of the Lennar Corporation Class A July 14, 2023 125 call for $1.62 for a net debit of $123.66 per share. This trade lasts 9 days, giving it an annualized return rate of 35.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on KB Home has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of KBH stock at $51.68 per share and sell one contract of the KB Home July 28, 2023 51 call for $1.86 for a net debit of $49.82 per share. This trade lasts 23 days, giving it an annualized return rate of 34.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Ralph Lauren Corporation has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of RL stock at $123.69 per share and sell one contract of the Ralph Lauren Corporation August 18, 2023 120 call for $7.94 for a net debit of $115.75 per share. This trade lasts 44 days, giving it an annualized return rate of 29.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Photronics Inc. has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of PLAB stock at $26.19 per share and sell one contract of the Photronics Inc. August 18, 2023 25 call for $2.02 for a net debit of $24.17 per share. This trade lasts 44 days, giving it an annualized return rate of 27.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ferguson plc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of FERG stock at $157.24 per share and sell one contract of the Ferguson plc July 21, 2023 155 call for $4.12 for a net debit of $153.12 per share. This trade lasts 16 days, giving it an annualized return rate of 24.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on GMS Inc. has an assigned return rate of 11.0%. To enter this trade, buy 100 shares of GMS stock at $69.79 per share and sell one contract of the GMS Inc. December 15, 2023 70 call for $6.74 for a net debit of $63.05 per share. This trade lasts 163 days, giving it an annualized return rate of 24.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Jabil Inc. has an assigned return rate of 10.0%. To enter this trade, buy 100 shares of JBL stock at $108.83 per share and sell one contract of the Jabil Inc. December 15, 2023 110 call for $8.81 for a net debit of $100.02 per share. This trade lasts 163 days, giving it an annualized return rate of 22.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ryanair Holdings plc American Depositary Shares each representing five Ordinary Shares has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of RYAAY stock at $111.00 per share and sell one contract of the Ryanair Holdings plc American Depositary Shares each representing five Ordinary Shares September 15, 2023 110 call for $5.36 for a net debit of $105.64 per share. This trade lasts 72 days, giving it an annualized return rate of 20.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on NetApp Inc. has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of NTAP stock at $76.45 per share and sell one contract of the NetApp Inc. August 11, 2023 76 call for $1.93 for a net debit of $74.52 per share. This trade lasts 37 days, giving it an annualized return rate of 18.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Commercial Metals Company has an assigned return rate of 8.6%. To enter this trade, buy 100 shares of CMC stock at $53.47 per share and sell one contract of the Commercial Metals Company January 19, 2024 50 call for $7.43 for a net debit of $46.04 per share. This trade lasts 198 days, giving it an annualized return rate of 15.7%. 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 Wolfspeed Inc. (WOLF), Tastemaker Acquisition Corp. (TMKR) and Omega Therapeutics Inc. (OMGA) are moving higher this morning, while Amneal Pharmaceuticals Inc. Class A (AMRX), Advanced Health Intelligence Ltd ADS (AHI) and Talaris Therapeutics Inc. (TALS) are headed lower. Transocean Ltd (Switzerland) (RIG), Pearson Plc (PSO) and Pegasystems Inc. (PEGA) were upgraded, while Adyen NV (ADYYF), United States Steel Corporation (X) and Wabash (WNC) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.06%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.05%, the Nikkei 225 is down 0.25%, the Shanghai SE Composite Index is down 0.77%, and the Hang Seng is down 1.57%. Stocks in Europe are down. The Euro Stoxx 50 is down 0.68%, the CAC 40 is down 0.58%, the FTSE 100 is down 0.54%, and the DAX is down 0.52%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $1.42 at $71.21 per barrel. Brent crude is down $0.11 at $76.14 per barrel. Natural Gas is up $0.07 at $2.78. Precious metals are mixed this morning. Gold is up $2.15 at $1927.63 per ounce. Platinum is down $0.29 at $919.45, while silver is down $0.06 at $23.06. The dollar is mixed compared to the major currencies today. The greenback is flat against the euro, up against the Yen, and up against the Pound. Bitcoin is down 2.18% to $30,391.99, while Ethereum is down 2.6% to $1,909.57. Equity PUT/CALL RATIO Yesterday, 2,217,399 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,869,145 put contracts. The single-session put/call ratio was 0.84. TODAY'S ECONOMIC CALENDAR ADP Employment Change June 8:15 a.m. EARNINGS EXPECTED TODAY: |
