MORNING UPDATE: PriceWatch Alerts for DPZ and More... for 2023-08-24 |
| PriceWatch Alerts for DPZ, HUBS, NUE, RMBS, OZK, ACAD, TOST, ADM, MAR, and MS. Today's optimal covered call on Domino's Pizza Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of DPZ stock at $382.62 per share and sell one contract of the Domino's Pizza Inc September 01, 2023 382.5 call for $5.74 for a net debit of $376.88 per share. This trade lasts 8 days, giving it an annualized return rate of 60.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Hubspot Inc has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of HUBS stock at $514.22 per share and sell one contract of the Hubspot Inc September 15, 2023 510 call for $22.90 for a net debit of $491.32 per share. This trade lasts 22 days, giving it an annualized return rate of 60.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nucor Corp has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of NUE stock at $167.01 per share and sell one contract of the Nucor Corp September 01, 2023 165 call for $4.42 for a net debit of $162.59 per share. This trade lasts 8 days, giving it an annualized return rate of 60.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Rambus Inc has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of RMBS stock at $55.73 per share and sell one contract of the Rambus Inc September 15, 2023 55 call for $2.72 for a net debit of $53.02 per share. This trade lasts 22 days, giving it an annualized return rate of 59.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Bank Ozk has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of OZK stock at $39.28 per share and sell one contract of the Bank Ozk September 08, 2023 39 call for $1.26 for a net debit of $38.02 per share. This trade lasts 15 days, giving it an annualized return rate of 59.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Acadia Pharmaceutica has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of ACAD stock at $28.64 per share and sell one contract of the Acadia Pharmaceutica September 15, 2023 28 call for $1.62 for a net debit of $27.02 per share. This trade lasts 22 days, giving it an annualized return rate of 57.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Toast Inc Cl A has an assigned return rate of 4.7%. To enter this trade, buy 100 shares of TOST stock at $21.43 per share and sell one contract of the Toast Inc Cl A September 22, 2023 21 call for $1.36 for a net debit of $20.07 per share. This trade lasts 29 days, giving it an annualized return rate of 56.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Archer Daniels Midland has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of ADM stock at $81.13 per share and sell one contract of the Archer Daniels Midland September 01, 2023 81 call for $1.21 for a net debit of $79.92 per share. This trade lasts 8 days, giving it an annualized return rate of 54.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Marriot Int Cl A has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of MAR stock at $203.25 per share and sell one contract of the Marriot Int Cl A September 01, 2023 202.5 call for $3.43 for a net debit of $199.82 per share. This trade lasts 8 days, giving it an annualized return rate of 54.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Morgan Stanley has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of MS stock at $83.39 per share and sell one contract of the Morgan Stanley September 01, 2023 83 call for $1.49 for a net debit of $81.90 per share. This trade lasts 8 days, giving it an annualized return rate of 54.3%. 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)! 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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 Splunk Inc. (SPLK), Autodesk Inc. (ADSK) and NVIDIA Corp. (NVDA) are moving higher this morning, while Petco Health & Wellness Co. Inc. (WOOF), TopBuild Corp. (BLD) and Spirit AeroSystems Holdings Inc. Cl A (SPR) are headed lower. while Estee Lauder Cos (EL), VIZIO Holding (VZIO) and Sea (SE) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 2.11%, the Nikkei 225 is up 0.87%, the Australia ASX All Ordinaries is up 0.45%, the Shanghai SE Composite Index is up 0.12%, and the Mumbai Sensex (S&P BSE SENSEX) is down 0.28%. In Europe, stocks are mixed. The FTSE 100 is up 0.2%, the CAC 40 is up 0.06%, the Euronext 100 is up 0.05%, and the DAX is flat 0%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.29 at $78.85 per barrel. Brent crude is up $0.17 at $83.24 per barrel. Natural Gas is down $0.04 at $2.45. Precious metals are down this morning. Gold is down $5.25 at $1942.85 per ounce. Platinum is down $1.5 at $936.7, while silver is down $0.18 at $24.212. 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 up 2.25% to $26,513.13, while Ethereum is up 1.93% to $1,672.56. Equity PUT/CALL RATIO Yesterday, 3,615,022 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,272,844 put contracts. The single-session put/call ratio was 1.18. TODAY'S ECONOMIC CALENDAR Initial Claims 8/12 8:30 Durable Goods Orders July 8:30 a.m. EARNINGS EXPECTED TODAY: BBW, BURL, CLGN, DAO, DXLG, EDAP, FRO, FUTU, HAIN, HEPS, HTHT, MOV, NTES, RY, TD, VIOT, WB, YI |
