MORNING UPDATE: PriceWatch Alerts for INTU and More... for 2023-10-02 |
| PriceWatch Alerts for INTU, GWRE, LOW, PSTG, TJX, NTNX, URBN, SU, WMT, and VEEV. Today's optimal covered call on Intuit Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of INTU stock at $510.94 per share and sell one contract of the Intuit Inc October 13, 2023 510 call for $10.51 for a net debit of $500.43 per share. This trade lasts 11 days, giving it an annualized return rate of 49.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Guidewire Software Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of GWRE stock at $90.00 per share and sell one contract of the Guidewire Software Inc October 20, 2023 90 call for $2.37 for a net debit of $87.63 per share. This trade lasts 18 days, giving it an annualized return rate of 47.0%. 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 1.7%. To enter this trade, buy 100 shares of LOW stock at $207.84 per share and sell one contract of the Lowe's Companies October 13, 2023 207.5 call for $3.88 for a net debit of $203.96 per share. This trade lasts 11 days, giving it an annualized return rate of 45.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Pure Storage Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of PSTG stock at $35.62 per share and sell one contract of the Pure Storage Inc October 20, 2023 35 call for $1.46 for a net debit of $34.16 per share. This trade lasts 18 days, giving it an annualized return rate of 42.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on TJX Companies has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of TJX stock at $88.88 per share and sell one contract of the TJX Companies October 13, 2023 89 call for $1.28 for a net debit of $87.60 per share. This trade lasts 11 days, giving it an annualized return rate of 41.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Nutanix Inc has an assigned return rate of 8.4%. To enter this trade, buy 100 shares of NTNX stock at $34.88 per share and sell one contract of the Nutanix Inc December 15, 2023 35 call for $2.60 for a net debit of $32.28 per share. This trade lasts 74 days, giving it an annualized return rate of 40.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Urban Outfitters Inc has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of URBN stock at $32.69 per share and sell one contract of the Urban Outfitters Inc October 27, 2023 32 call for $1.62 for a net debit of $31.07 per share. This trade lasts 25 days, giving it an annualized return rate of 38.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Suncor Energy Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of SU stock at $34.38 per share and sell one contract of the Suncor Energy Inc October 27, 2023 34 call for $1.28 for a net debit of $33.10 per share. This trade lasts 25 days, giving it an annualized return rate of 35.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Walmart Inc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of WMT stock at $159.93 per share and sell one contract of the Walmart Inc October 13, 2023 160 call for $2.00 for a net debit of $157.93 per share. This trade lasts 11 days, giving it an annualized return rate of 34.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Veeva Systems Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of VEEV stock at $203.45 per share and sell one contract of the Veeva Systems Inc October 20, 2023 200 call for $7.24 for a net debit of $196.21 per share. This trade lasts 18 days, giving it an annualized return rate of 33.6%. 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 Nektar Therapeutics (NKTR), Aramark (ARMK) and Viatris Inc. (VTRS) are moving higher this morning, while TuSimple Holdings Inc. (TSP), Omnicom Group Inc. (OMC) and Sotera Health Co. (SHC) are headed lower. Xylem (XYL), Clorox (CLX) and LGI Homes (LGIH) were upgraded. while Sandy Spring Bancorp (SASR), Norfolk Southern (NSC) and NextEra Energy Partners (NEP) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 2.51%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.49%, the Shanghai SE Composite Index is up 0.1%, the Australia ASX All Ordinaries is down 0.2%, and the Nikkei 225 is down 0.31%. Stocks in Europe are down. The FTSE 100 is down 0.49%, the Euronext 100 is down 0.43%, the CAC 40 is down 0.37%, and the DAX is down 0.31%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.52 at $91.3 per barrel. Brent crude is down $2.48 at $92.86 per barrel. Natural Gas is down $0.04 at $2.89. Precious metals are down this morning. Gold is down $12.75 at $1853.35 per ounce. Platinum is down $8.45 at $907.45, while silver is down $0.465 at $21.985. 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 4.06% to $28,256.66, while Ethereum is up 2.46% to $1,727.39. Equity PUT/CALL RATIO Yesterday, 4,956,503 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,177,264 put contracts. The single-session put/call ratio was 1.04. TODAY'S ECONOMIC CALENDAR ISM Manufacturing Index Sept. 10:00 a.m. EARNINGS EXPECTED TODAY: |
