MORNING UPDATE: PriceWatch Alerts for RYAAY and More... for 2023-07-07 |
| PriceWatch Alerts for RYAAY, FERG, RL, NTAP, GMS, BAH, JBL, CMC, DRI, and PDCO. Today's optimal covered call on Ryanair Hlds Plc ADR has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of RYAAY stock at $106.87 per share and sell one contract of the Ryanair Hlds Plc ADR July 21, 2023 105 call for $3.43 for a net debit of $103.44 per share. This trade lasts 14 days, giving it an annualized return rate of 36.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Ferguson Plc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of FERG stock at $151.50 per share and sell one contract of the Ferguson Plc July 21, 2023 150 call for $3.52 for a net debit of $147.98 per share. This trade lasts 14 days, giving it an annualized return rate of 33.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Ralph Lauren Corp 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 Corp August 18, 2023 120 call for $7.93 for a net debit of $115.76 per share. This trade lasts 42 days, giving it an annualized return rate of 31.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Netapp Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of NTAP stock at $75.73 per share and sell one contract of the Netapp Inc July 21, 2023 75 call for $1.62 for a net debit of $74.12 per share. This trade lasts 14 days, giving it an annualized return rate of 29.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Gms Inc has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of GMS stock at $67.28 per share and sell one contract of the Gms Inc August 18, 2023 65 call for $4.23 for a net debit of $63.05 per share. This trade lasts 42 days, giving it an annualized return rate of 26.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Booz Allen Hamilton Holding Corp has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of BAH stock at $111.54 per share and sell one contract of the Booz Allen Hamilton Holding Corp July 21, 2023 110 call for $2.58 for a net debit of $108.96 per share. This trade lasts 14 days, giving it an annualized return rate of 23.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of JBL stock at $108.06 per share and sell one contract of the Jabil Circuit August 18, 2023 105 call for $5.72 for a net debit of $102.34 per share. This trade lasts 42 days, giving it an annualized return rate of 22.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Commercial Metals Company has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of CMC stock at $52.49 per share and sell one contract of the Commercial Metals Company August 18, 2023 50 call for $3.72 for a net debit of $48.77 per share. This trade lasts 42 days, giving it an annualized return rate of 21.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Darden Restaurants has an assigned return rate of 5.1%. To enter this trade, buy 100 shares of DRI stock at $164.11 per share and sell one contract of the Darden Restaurants October 20, 2023 165 call for $7.13 for a net debit of $156.98 per share. This trade lasts 105 days, giving it an annualized return rate of 17.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Patterson Companies has an assigned return rate of 5.1%. To enter this trade, buy 100 shares of PDCO stock at $32.10 per share and sell one contract of the Patterson Companies October 20, 2023 32 call for $1.65 for a net debit of $30.45 per share. This trade lasts 105 days, giving it an annualized return rate of 17.5%. 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 Prestige Wealth Inc (PWM), Gorilla Technology Group Inc (GRRR) and Douglas Elliman Inc (DOUG) are moving higher this morning, while Abacus Life Inc (ABL), Levi Strauss & Company Cl A (LEVI) and Edtechx Holdings Acquisition Cor (EDTX) are headed lower. Newmont Mining Corp (NEM), Exelon Corp (EXC) and Playtika Holding Corp (PLTK) were upgraded, while Humana Inc (HUM), Cedar Fair LP (FUN) and Edison International (EIX) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Australia ASX All Ordinaries is down 1.69%, the Nikkei 225 is down 1.17%, the Hang Seng is down 0.9%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.77%, and the Shanghai SE Composite Index is down 0.44%. In Europe, stocks are mixed. The DAX is up 0.55%, the CAC 40 is up 0.54%, the Euro Stoxx 50 is up 0.39%, and the FTSE 100 is down 0.34%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.27 at $72.07 per barrel. Brent crude is up $0.25 at $76.77 per barrel. Natural Gas is up $0.02 at $2.63. Precious metals are up this morning. Gold is up $6.79 at $1917.69 per ounce. Platinum is up $3.79 at $909.93, while silver is up $0.03 at $22.92. 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 down 2.33% to $30,119.27, while Ethereum is down 2.98% to $1,860.37. Equity PUT/CALL RATIO Yesterday, 4,503,522 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,205,881 put contracts. The single-session put/call ratio was 0.93. TODAY'S ECONOMIC CALENDAR Nonfarm payrolls June 8:30 a.m. Unemployment Rate June 8:30 a.m. EARNINGS EXPECTED TODAY: IPA |
