MORNING UPDATE: PriceWatch Alerts for JPM and More... for 2023-07-21 |
| PriceWatch Alerts for JPM, CMC, STZ, WFC, ROIV, BAH, PDCO, GMS, FERG, and JBL. Today's optimal covered call on JP Morgan Chase & Company has an assigned return rate of 0.8%. To enter this trade, buy 100 shares of JPM stock at $156.15 per share and sell one contract of the JP Morgan Chase & Company July 28, 2023 155 call for $2.38 for a net debit of $153.77 per share. This trade lasts 7 days, giving it an annualized return rate of 36.4%. 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 2.7%. To enter this trade, buy 100 shares of CMC stock at $55.61 per share and sell one contract of the Commercial Metals Company August 18, 2023 55 call for $2.06 for a net debit of $53.54 per share. This trade lasts 28 days, giving it an annualized return rate of 34.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Constellation Brands Inc has an assigned return rate of 0.7%. To enter this trade, buy 100 shares of STZ stock at $269.20 per share and sell one contract of the Constellation Brands Inc July 28, 2023 267.5 call for $3.63 for a net debit of $265.57 per share. This trade lasts 7 days, giving it an annualized return rate of 33.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Wells Fargo & Company has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of WFC stock at $47.13 per share and sell one contract of the Wells Fargo & Company August 11, 2023 47 call for $1.03 for a net debit of $46.10 per share. This trade lasts 21 days, giving it an annualized return rate of 32.5%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Roivant Sciences Ltd has an assigned return rate of 17.2%. To enter this trade, buy 100 shares of ROIV stock at $11.13 per share and sell one contract of the Roivant Sciences Ltd February 16, 2024 10 call for $2.60 for a net debit of $8.53 per share. This trade lasts 210 days, giving it an annualized return rate of 29.8%. 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 2.2%. To enter this trade, buy 100 shares of BAH stock at $116.25 per share and sell one contract of the Booz Allen Hamilton Holding Corp August 18, 2023 115 call for $3.72 for a net debit of $112.53 per share. This trade lasts 28 days, giving it an annualized return rate of 27.6%. 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 4.2%. To enter this trade, buy 100 shares of PDCO stock at $32.36 per share and sell one contract of the Patterson Companies September 15, 2023 32 call for $1.64 for a net debit of $30.72 per share. This trade lasts 56 days, giving it an annualized return rate of 26.7%. 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 2.1%. To enter this trade, buy 100 shares of GMS stock at $72.11 per share and sell one contract of the Gms Inc August 18, 2023 70 call for $3.53 for a net debit of $68.58 per share. This trade lasts 28 days, giving it an annualized return rate of 26.1%. 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 1.9%. To enter this trade, buy 100 shares of FERG stock at $157.27 per share and sell one contract of the Ferguson Plc August 18, 2023 155 call for $5.22 for a net debit of $152.05 per share. This trade lasts 28 days, giving it an annualized return rate of 24.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of JBL stock at $113.41 per share and sell one contract of the Jabil Circuit August 18, 2023 110 call for $5.44 for a net debit of $107.97 per share. This trade lasts 28 days, giving it an annualized return rate of 23.7%. The risk assessment of this trade is 3 keys (Moderate 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 Bionexus Gene Lab Corp (BGLC), Guardforce Ai Company (GFAI) and Digital World Acquisition Corp C (DWAC) are moving higher this morning, while Psq Holdings Inc (PSQH), Eliem Therapeutics Inc (ELYM) and 60 Degrees Pharmaceuticals Inc (SXTP) are headed lower. Marsh & Mclennan Companies (MMC), Consolidated Edison Company (ED) and SL Green Realty Corp (SLG) were upgraded, while Lincoln Elec Holdings (LECO), Knight-Swift Transporation Inc (KNX) and Sirius XM Holdings (SIRI) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 0.78%, the Shanghai SE Composite Index is down 0.05%, the Australia ASX All Ordinaries is down 0.15%, the Nikkei 225 is down 0.57%, and the Mumbai Sensex (S&P BSE SENSEX) is down 1.31%. In Europe, stocks are mixed. The CAC 40 is up 0.15%, the FTSE 100 is up 0.12%, the Euro Stoxx 50 is down 0.13%, and the DAX is down 0.58%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.88 at $76.53 per barrel. Brent crude is up $0.9 at $80.54 per barrel. Natural Gas is up $0.02 at $2.77. Precious metals are mixed this morning. Gold is down $4.13 at $1965.4 per ounce. Platinum is down $2.04 at $957.92, while silver is up $0.04 at $25. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen, and up against the Pound. Bitcoin is down 0.79% to $29,778.07, while Ethereum is down 1.08% to $1,889.12. Equity PUT/CALL RATIO Yesterday, 5,460,957 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,748,460 put contracts. The single-session put/call ratio was 0.87. TODAY'S ECONOMIC CALENDAR Nothing Scheduled EARNINGS EXPECTED TODAY: ACU, ALV, AN, AXP, CMA, HBAN, IPG, KPCPY, NHYDY, RF, ROP, SLB, SXT, WRLD |
