MORNING UPDATE: PriceWatch Alerts for CMC and More... for 2023-07-25 |
| PriceWatch Alerts for CMC, JBL, BAH, STZ, DRI, LOW, GMS, PAYX, PDCO, and WFC. 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 $55.64 per share and sell one contract of the Commercial Metals Company August 18, 2023 55 call for $1.96 for a net debit of $53.68 per share. This trade lasts 24 days, giving it an annualized return rate of 36.0%. 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 2.2%. To enter this trade, buy 100 shares of JBL stock at $111.50 per share and sell one contract of the Jabil Circuit August 18, 2023 110 call for $3.92 for a net debit of $107.58 per share. This trade lasts 24 days, giving it an annualized return rate of 32.8%. 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 $115.87 per share and sell one contract of the Booz Allen Hamilton Holding Corp August 18, 2023 115 call for $3.33 for a net debit of $112.54 per share. This trade lasts 24 days, giving it an annualized return rate of 31.9%. 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 1.0%. To enter this trade, buy 100 shares of STZ stock at $271.26 per share and sell one contract of the Constellation Brands Inc August 04, 2023 270 call for $3.82 for a net debit of $267.44 per share. This trade lasts 10 days, giving it an annualized return rate of 31.8%. 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 2.0%. To enter this trade, buy 100 shares of DRI stock at $170.08 per share and sell one contract of the Darden Restaurants August 18, 2023 170 call for $3.43 for a net debit of $166.65 per share. This trade lasts 24 days, giving it an annualized return rate of 29.3%. 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 0.8%. To enter this trade, buy 100 shares of LOW stock at $234.00 per share and sell one contract of the Lowe's Companies August 04, 2023 232.5 call for $3.43 for a net debit of $230.58 per share. This trade lasts 10 days, giving it an annualized return rate of 27.7%. 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 3.8%. To enter this trade, buy 100 shares of GMS stock at $72.90 per share and sell one contract of the Gms Inc September 15, 2023 70 call for $5.47 for a net debit of $67.43 per share. This trade lasts 52 days, giving it an annualized return rate of 26.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Paychex Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of PAYX stock at $125.25 per share and sell one contract of the Paychex Inc August 18, 2023 125 call for $2.31 for a net debit of $122.94 per share. This trade lasts 24 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 Patterson Companies has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of PDCO stock at $32.37 per share and sell one contract of the Patterson Companies September 15, 2023 32 call for $1.46 for a net debit of $30.91 per share. This trade lasts 52 days, giving it an annualized return rate of 24.3%. The risk assessment of this trade is 3 keys (Moderate 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 $46.42 per share and sell one contract of the Wells Fargo & Company August 25, 2023 46 call for $1.34 for a net debit of $45.08 per share. This trade lasts 31 days, giving it an annualized return rate of 23.2%. 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 Carmell Therapeutics Corp (CTCX), Bullfrog Ai Holdings Inc (BFRG) and F5 Inc (FFIV) are moving higher this morning, while Stoke Therapeutics Inc (STOK), Zevia Pbc Cl A (ZVIA) and Vertex Energy (VTNR) are headed lower. Verrica Pharmaceuticals Inc (VRCA), Adidas Ag ADR (ADDYY) and Meta Platforms Inc (META) were upgraded, while Vermilion Energy Inc (VET), Tc Energy Corp (TRP) and Mainstreet Bank (MNSB) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 4.1%, the Shanghai SE Composite Index is up 2.89%, the Australia ASX All Ordinaries is up 0.46%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.04%, and the Nikkei 225 is down 0.06%. In Europe, stocks are up. The Euro Stoxx 50 is up 0.32%, the CAC 40 is up 0.26%, the FTSE 100 is up 0.2%, and the DAX is up 0.1%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is flat $0 at $78.74 per barrel. Brent crude is flat $0 at $82.74 per barrel. Natural Gas is up $0.03 at $2.72. Precious metals are up this morning. Gold is up $6.8 at $1961.53 per ounce. Platinum is up $17.59 at $978.74, while silver is up $0.2 at $24.79. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen, and flat against the Pound. Bitcoin is down 0.5% to $29,121.25, while Ethereum is up 0.01% to $1,853.01. Equity PUT/CALL RATIO Yesterday, 4,075,413 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,340,982 put contracts. The single-session put/call ratio was 0.82. TODAY'S ECONOMIC CALENDAR Consumer Confidence July 10:00 a.m. EARNINGS EXPECTED TODAY: ALK, ARCC, AUB, AWI, DHR, DOW, GE, GEHC, GM, HRI, MMM, PEBO, PHM, PII, SBSI, SPOT, ST, UL |
