MORNING UPDATE: PriceWatch Alerts for TOL and More... for 2023-07-17 |
| PriceWatch Alerts for TOL, DELL, GMS, NTAP, CMC, LOW, LPG, DRI, PDCO, and BAH. Today's optimal covered call on Toll Brothers Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of TOL stock at $83.52 per share and sell one contract of the Toll Brothers Inc July 28, 2023 83 call for $1.97 for a net debit of $81.55 per share. This trade lasts 11 days, giving it an annualized return rate of 46.4%. 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 1.6%. To enter this trade, buy 100 shares of DELL stock at $55.42 per share and sell one contract of the Dell Technologies Inc July 28, 2023 55 call for $1.27 for a net debit of $54.15 per share. This trade lasts 11 days, giving it an annualized return rate of 40.9%. 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 3.4%. To enter this trade, buy 100 shares of GMS stock at $70.74 per share and sell one contract of the Gms Inc August 18, 2023 70 call for $3.03 for a net debit of $67.71 per share. This trade lasts 32 days, giving it an annualized return rate of 35.3%. 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 4.0%. To enter this trade, buy 100 shares of NTAP stock at $77.87 per share and sell one contract of the Netapp Inc August 25, 2023 78 call for $2.88 for a net debit of $74.99 per share. This trade lasts 39 days, giving it an annualized return rate of 34.9%. 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 3.3%. To enter this trade, buy 100 shares of CMC stock at $55.24 per share and sell one contract of the Commercial Metals Company August 18, 2023 55 call for $2.02 for a net debit of $53.22 per share. This trade lasts 32 days, giving it an annualized return rate of 34.8%. 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 $228.74 per share and sell one contract of the Lowe's Companies July 28, 2023 227.5 call for $3.79 for a net debit of $224.95 per share. This trade lasts 11 days, giving it an annualized return rate of 29.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Dorian Lpg Ltd has an assigned return rate of 4.5%. To enter this trade, buy 100 shares of LPG stock at $24.53 per share and sell one contract of the Dorian Lpg Ltd September 15, 2023 24 call for $1.56 for a net debit of $22.98 per share. This trade lasts 60 days, giving it an annualized return rate of 25.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Darden Restaurants has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of DRI stock at $167.44 per share and sell one contract of the Darden Restaurants August 18, 2023 165 call for $5.62 for a net debit of $161.82 per share. This trade lasts 32 days, giving it an annualized return rate of 20.5%. 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 4.9%. To enter this trade, buy 100 shares of PDCO stock at $32.07 per share and sell one contract of the Patterson Companies October 20, 2023 32 call for $1.56 for a net debit of $30.51 per share. This trade lasts 95 days, giving it an annualized return rate of 18.2%. 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 1.6%. To enter this trade, buy 100 shares of BAH stock at $113.29 per share and sell one contract of the Booz Allen Hamilton Holding Corp August 18, 2023 110 call for $5.04 for a net debit of $108.25 per share. This trade lasts 32 days, giving it an annualized return rate of 16.9%. 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 Bridgebio Pharma Inc (BBIO), Nova Lifestyle Inc (NVFY) and Acumen Pharmaceuticals Inc (ABOS) are moving higher this morning, while Bynd Cannasoft Enterprises Inc (BCAN), Apellis Pharmaceuticals Inc (APLS) and Baosheng Media Group Holdings Lt (BAOS) are headed lower. Cohu Inc (COHU), Morphosys Ag ADR (MOR) and Chewy Inc (CHWY) were upgraded, while Formfactor Inc (FORM), State Street Corp (STT) and Twilio (TWLO) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex (S&P BSE SENSEX) is up 0.8%, the Hang Seng is up 0.33%, the Australia ASX All Ordinaries is down 0.06%, the Nikkei 225 is down 0.09%, and the Shanghai SE Composite Index is down 0.82%. Stocks in Europe are down. The CAC 40 is down 1.34%, the Euro Stoxx 50 is down 1.19%, the DAX is down 0.61%, and the FTSE 100 is down 0.29%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.95 at $74.47 per barrel. Brent crude is down $0.96 at $78.91 per barrel. Natural Gas is up $0.02 at $2.56. Precious metals are mixed this morning. Gold is up $3 at $1958.21 per ounce. Platinum is down $0.6 at $975.64, while silver is down $0.14 at $25.05. 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 down 0.51% to $30,167.17, while Ethereum is down 1.18% to $1,910.76. Equity PUT/CALL RATIO Yesterday, 5,105,467 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,263,089 put contracts. The single-session put/call ratio was 0.84. TODAY'S ECONOMIC CALENDAR Empire State Manufacturing July 8:30 a.m. EARNINGS EXPECTED TODAY: CFB, ELS, FBK, HBCP, HDB |
