MORNING UPDATE: PriceWatch Alerts for GS and More... for 2023-08-02 |
| PriceWatch Alerts for GS, VIST, OC, WBS, ACN, ABT, ATVI, COOP, ADP, and DOV. Today's optimal covered call on Goldman Sachs Group has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of GS stock at $357.72 per share and sell one contract of the Goldman Sachs Group August 11, 2023 357.5 call for $4.72 for a net debit of $353.00 per share. This trade lasts 9 days, giving it an annualized return rate of 46.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Vista Energy S.A.B. DE C.V. ADR has an assigned return rate of 5.4%. To enter this trade, buy 100 shares of VIST stock at $25.81 per share and sell one contract of the Vista Energy S.A.B. DE C.V. ADR September 15, 2023 25 call for $2.10 for a net debit of $23.72 per share. This trade lasts 44 days, giving it an annualized return rate of 44.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Owens Corning Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of OC stock at $141.18 per share and sell one contract of the Owens Corning Inc August 18, 2023 140 call for $3.92 for a net debit of $137.26 per share. This trade lasts 16 days, giving it an annualized return rate of 42.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Webster Financial Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of WBS stock at $45.89 per share and sell one contract of the Webster Financial Corp August 18, 2023 45 call for $1.76 for a net debit of $44.12 per share. This trade lasts 16 days, giving it an annualized return rate of 42.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Accenture Plc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of ACN stock at $320.97 per share and sell one contract of the Accenture Plc August 11, 2023 320 call for $4.64 for a net debit of $316.33 per share. This trade lasts 9 days, giving it an annualized return rate of 42.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Abbott Laboratories has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of ABT stock at $110.53 per share and sell one contract of the Abbott Laboratories August 11, 2023 110 call for $1.71 for a net debit of $108.82 per share. This trade lasts 9 days, giving it an annualized return rate of 39.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Activision Blizzard has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of ATVI stock at $91.89 per share and sell one contract of the Activision Blizzard August 18, 2023 92 call for $1.51 for a net debit of $90.38 per share. This trade lasts 16 days, giving it an annualized return rate of 38.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Mr.Cooper Group Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of COOP stock at $58.33 per share and sell one contract of the Mr.Cooper Group Inc August 18, 2023 57.5 call for $1.83 for a net debit of $56.50 per share. This trade lasts 16 days, giving it an annualized return rate of 38.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Automatic Data Procs has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of ADP stock at $248.32 per share and sell one contract of the Automatic Data Procs August 11, 2023 247.5 call for $3.32 for a net debit of $245.00 per share. This trade lasts 9 days, giving it an annualized return rate of 37.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Dover Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of DOV stock at $145.48 per share and sell one contract of the Dover Corp August 18, 2023 145 call for $2.81 for a net debit of $142.67 per share. This trade lasts 16 days, giving it an annualized return rate of 35.1%. 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 Powell Inds Inc (POWL), Vertiv Holdings Llc. (VRT) and Aurora Acquisition Corp Cl A (AURC) are moving higher this morning, while Adamis Pharmaceuticl (ADMP), Cambium Networks Corp (CMBM) and Evolve Transition Infrastructure (SNMP) are headed lower. Match Group Inc (MTCH), California Bancorp (CALB) and Apollo Commercial Real Estate (ARI) were upgraded, while Meridianlink Inc (MLNK), Idexx Laboratories (IDXX) and Silvercrest Metals Inc (SILV) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Hang Seng is down 2.47%, the Nikkei 225 is down 2.3%, the Australia ASX All Ordinaries is down 1.29%, the Mumbai Sensex (S&P BSE SENSEX) is down 1.02%, and the Shanghai SE Composite Index is down 0.7%. Stocks in Europe are down. The FTSE 100 is down 0.92%, the DAX is down 0.7%, the Euro Stoxx 50 is down 0.67%, and the CAC 40 is down 0.42%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.46 at $81.83 per barrel. Brent crude is up $0.39 at $85.3 per barrel. Natural Gas is down $0.03 at $2.53. Precious metals are mixed this morning. Gold is up $6.83 at $1951.12 per ounce. Platinum is down $4.96 at $929.1, while silver is up $0.23 at $24.56. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen, and up against the Pound. Bitcoin is up 2.29% to $29,533.00, while Ethereum is up 1.55% to $1,859.30. Equity PUT/CALL RATIO Yesterday, 3,819,874 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,202,403 put contracts. The single-session put/call ratio was 0.84. TODAY'S ECONOMIC CALENDAR MBA Mortgage Application Index 7/29 7:00 a.m. EIA Crude Oil Inventories 7/22 10:30 a.m. EARNINGS EXPECTED TODAY: ACRE, ASGLY, BG, DD, FTS, GNRC, JHG, LPG, LPX, LXP, MPLN, PERI, RDWR, SITE, SPNS, SSRM, TGI, TTMI, UTHR, VRT |
