MORNING UPDATE: PriceWatch Alerts for FDX and More... for 2023-07-12 |
| PriceWatch Alerts for FDX, RYAAY, LOW, DELL, DRI, NTAP, GMS, BAH, PDCO, and CMC. Today's optimal covered call on Fedex Corp has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of FDX stock at $258.40 per share and sell one contract of the Fedex Corp July 21, 2023 257.5 call for $4.32 for a net debit of $254.08 per share. This trade lasts 9 days, giving it an annualized return rate of 49.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Ryanair Hlds Plc ADR has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of RYAAY stock at $110.48 per share and sell one contract of the Ryanair Hlds Plc ADR July 21, 2023 110 call for $1.92 for a net debit of $108.56 per share. This trade lasts 9 days, giving it an annualized return rate of 48.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Lowe's Companies has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of LOW stock at $229.43 per share and sell one contract of the Lowe's Companies July 21, 2023 227.5 call for $4.32 for a net debit of $225.12 per share. This trade lasts 9 days, giving it an annualized return rate of 38.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Dell Technologies Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of DELL stock at $55.74 per share and sell one contract of the Dell Technologies Inc July 28, 2023 55 call for $1.56 for a net debit of $54.18 per share. This trade lasts 16 days, giving it an annualized return rate of 32.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Darden Restaurants has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of DRI stock at $166.56 per share and sell one contract of the Darden Restaurants July 21, 2023 165 call for $3.02 for a net debit of $163.54 per share. This trade lasts 9 days, giving it an annualized return rate of 32.6%. 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 3.7%. To enter this trade, buy 100 shares of NTAP stock at $78.76 per share and sell one contract of the Netapp Inc August 25, 2023 78 call for $3.53 for a net debit of $75.23 per share. This trade lasts 44 days, giving it an annualized return rate of 29.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Gms Inc has an assigned return rate of 5.5%. To enter this trade, buy 100 shares of GMS stock at $69.43 per share and sell one contract of the Gms Inc October 20, 2023 65 call for $7.84 for a net debit of $61.59 per share. This trade lasts 100 days, giving it an annualized return rate of 20.0%. 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 1.8%. To enter this trade, buy 100 shares of BAH stock at $113.72 per share and sell one contract of the Booz Allen Hamilton Holding Corp August 18, 2023 110 call for $5.65 for a net debit of $108.07 per share. This trade lasts 37 days, giving it an annualized return rate of 17.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Patterson Companies has an assigned return rate of 7.9%. To enter this trade, buy 100 shares of PDCO stock at $32.76 per share and sell one contract of the Patterson Companies January 19, 2024 33 call for $2.17 for a net debit of $30.59 per share. This trade lasts 191 days, giving it an annualized return rate of 15.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Commercial Metals Company has an assigned return rate of 7.8%. To enter this trade, buy 100 shares of CMC stock at $54.41 per share and sell one contract of the Commercial Metals Company January 19, 2024 50 call for $8.02 for a net debit of $46.39 per share. This trade lasts 191 days, giving it an annualized return rate of 14.8%. 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. 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STOCKS ON THE MOVE Ault Alliance Inc (AULT), Healthcare Triangle Inc (HCTI) and Liminal Biosciences Inc (LMNL) are moving higher this morning, while Shiftpixy Inc (PIXY), Silk Road Medical Inc (SILK) and Painreform Ltd (PRFX) are headed lower. Cinemark Holdings Inc (CNK), Sunpower Corp (SPWR) and Fidelity National Information Se (FIS) were upgraded, while Saratoga Investment Corp (SAR), Centene Corp (CNC) and Elevance Health Inc (ELV) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.08%, the Australia ASX All Ordinaries is up 0.38%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.34%, the Shanghai SE Composite Index is down 0.67%, and the Nikkei 225 is down 0.81%. In Europe, stocks are up. The FTSE 100 is up 1.35%, the Euro Stoxx 50 is up 0.99%, the DAX is up 0.91%, and the CAC 40 is up 0.78%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.33 at $75.16 per barrel. Brent crude is up $0.24 at $79.64 per barrel. Natural Gas is down $0.03 at $270. Precious metals are up this morning. Gold is up $2.68 at $1934.91 per ounce. Platinum is up $13.93 at $942.78, while silver is up $0.09 at $23.37. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, down against the Yen, and up against the Pound. Bitcoin is up 1.04% to $30,721.17, while Ethereum is up 1.05% to $1,888.05. Equity PUT/CALL RATIO Yesterday, 4,498,091 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,308,226 put contracts. The single-session put/call ratio was 0.74. TODAY'S ECONOMIC CALENDAR Consumer Price Index June 8:30 a.m. EIA Crude Oil Inventories 7/8 10:30 EARNINGS EXPECTED TODAY: ANGO, DAKT, MLKN, PCYO, THTX |
