MORNING UPDATE: PriceWatch Alerts for CAR and More... for 2023-08-29 |
| PriceWatch Alerts for CAR, PANW, YPF, ANET, X, STNG, MPC, DLR, NVO, and HES. Today's optimal covered call on Avis Budget Group has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of CAR stock at $224.84 per share and sell one contract of the Avis Budget Group September 08, 2023 222.5 call for $6.65 for a net debit of $218.19 per share. This trade lasts 10 days, giving it an annualized return rate of 65.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Palo Alto Networks Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of PANW stock at $232.53 per share and sell one contract of the Palo Alto Networks Inc September 08, 2023 232.5 call for $4.42 for a net debit of $228.12 per share. This trade lasts 10 days, giving it an annualized return rate of 63.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Ypf Sociedad Anonima ADR has an assigned return rate of 9.2%. To enter this trade, buy 100 shares of YPF stock at $14.90 per share and sell one contract of the Ypf Sociedad Anonima ADR October 20, 2023 15 call for $1.16 for a net debit of $13.74 per share. This trade lasts 52 days, giving it an annualized return rate of 63.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Arista Networks Inc has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of ANET stock at $181.96 per share and sell one contract of the Arista Networks Inc September 15, 2023 182.5 call for $4.92 for a net debit of $177.04 per share. This trade lasts 17 days, giving it an annualized return rate of 62.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on United States Steel Corp has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of X stock at $29.92 per share and sell one contract of the United States Steel Corp September 15, 2023 29.5 call for $1.30 for a net debit of $28.62 per share. This trade lasts 17 days, giving it an annualized return rate of 62.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Scorpio Tankers Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of STNG stock at $50.87 per share and sell one contract of the Scorpio Tankers Inc September 08, 2023 50 call for $1.76 for a net debit of $49.11 per share. This trade lasts 10 days, giving it an annualized return rate of 60.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Marathon Petroleum Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of MPC stock at $143.03 per share and sell one contract of the Marathon Petroleum Corp September 08, 2023 143 call for $2.52 for a net debit of $140.51 per share. This trade lasts 10 days, giving it an annualized return rate of 58.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Digital Realty Trust has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of DLR stock at $127.15 per share and sell one contract of the Digital Realty Trust September 08, 2023 127 call for $2.26 for a net debit of $124.89 per share. This trade lasts 10 days, giving it an annualized return rate of 56.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of NVO stock at $187.49 per share and sell one contract of the Novo Nordisk A/S ADR September 08, 2023 187.5 call for $3.03 for a net debit of $184.46 per share. This trade lasts 10 days, giving it an annualized return rate of 54.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Hess Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of HES stock at $153.39 per share and sell one contract of the Hess Corp September 08, 2023 152.5 call for $3.34 for a net debit of $150.05 per share. This trade lasts 10 days, giving it an annualized return rate of 54.2%. The risk assessment of this trade is 4 keys (Low 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 nCino Inc. (NCNO), EQT Corp. (EQT) and A.O. Smith Corp. (AOS) are moving higher this morning, while Heico Corp. (HEI), Bright Horizons Family Solutions Inc. (BFAM) and Vimeo Inc. (VMEO) are headed lower. while Emergent BioSolutions (EBS), Farfetch (FTCH) and Celanese (CE) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Hang Seng is up 1.95%, the Shanghai SE Composite Index is up 1.2%, the Australia ASX All Ordinaries is up 0.69%, the Nikkei 225 is up 0.18%, and the Mumbai Sensex (S&P BSE SENSEX) is up 0.12%. In Europe, stocks are up. The FTSE 100 is up 1.48%, the Euronext 100 is up 0.35%, the CAC 40 is up 0.34%, and the DAX is up 0.33%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.71 at $80.68 per barrel. Brent crude is up $0.67 at $85.09 per barrel. Natural Gas is down $0.04 at $2.54. Precious metals are mixed this morning. Gold is down $4.05 at $1942.75 per ounce. Platinum is up $6 at $978.2, while silver is down $0.025 at $24.227. 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 0.38% to $25,959.72, while Ethereum is down 0.48% to $1,640.11. Equity PUT/CALL RATIO Yesterday, 3,483,630 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,609,931 put contracts. The single-session put/call ratio was 1.04. TODAY'S ECONOMIC CALENDAR S&P Case-Shiller Home Price Index June 9:00 a.m. Consumer Confidence Aug. 10:00 a.m. JOLTS July 10:00 a.m. EARNINGS EXPECTED TODAY: BBY, BIG, BMO, BNS, CAN, CHS, CNF, CTLT, DCI, EVO, GOGL, NIO, PDD, PNGAY, PRTC, SCVL, SJM, TIGR, VEON |
