MORNING UPDATE: PriceWatch Alerts for CRM and More... for 2023-10-05 |
| PriceWatch Alerts for CRM, DE, PSTG, TJX, CAH, VEEV, JBL, LOW, URBN, and COST. Today's optimal covered call on Salesforce Inc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of CRM stock at $201.87 per share and sell one contract of the Salesforce Inc October 13, 2023 200 call for $4.72 for a net debit of $197.15 per share. This trade lasts 8 days, giving it an annualized return rate of 58.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Deere & Company has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of DE stock at $377.00 per share and sell one contract of the Deere & Company October 13, 2023 375 call for $7.22 for a net debit of $369.78 per share. This trade lasts 8 days, giving it an annualized return rate of 57.3%. The risk assessment of this trade is 5 keys (The Lowest 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 $34.39 per share and sell one contract of the Pure Storage Inc October 20, 2023 34 call for $1.21 for a net debit of $33.18 per share. This trade lasts 15 days, giving it an annualized return rate of 56.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on TJX Companies has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of TJX stock at $88.04 per share and sell one contract of the TJX Companies October 13, 2023 88 call for $1.22 for a net debit of $86.82 per share. This trade lasts 8 days, giving it an annualized return rate of 55.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Cardinal Health has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of CAH stock at $88.91 per share and sell one contract of the Cardinal Health October 13, 2023 89 call for $1.06 for a net debit of $87.84 per share. This trade lasts 8 days, giving it an annualized return rate of 53.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Veeva Systems Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of VEEV stock at $200.48 per share and sell one contract of the Veeva Systems Inc October 20, 2023 200 call for $5.03 for a net debit of $195.45 per share. This trade lasts 15 days, giving it an annualized return rate of 53.1%. The risk assessment of this trade is 3 keys (Moderate 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 $130.23 per share and sell one contract of the Jabil Circuit October 20, 2023 130 call for $3.03 for a net debit of $127.20 per share. This trade lasts 15 days, giving it an annualized return rate of 50.2%. 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 1.2%. To enter this trade, buy 100 shares of LOW stock at $199.59 per share and sell one contract of the Lowe's Companies October 13, 2023 197.5 call for $4.43 for a net debit of $195.16 per share. This trade lasts 8 days, giving it an annualized return rate of 48.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Urban Outfitters Inc has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of URBN stock at $31.39 per share and sell one contract of the Urban Outfitters Inc October 27, 2023 31 call for $1.27 for a net debit of $30.12 per share. This trade lasts 22 days, giving it an annualized return rate of 46.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Costco Wholesale has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of COST stock at $571.80 per share and sell one contract of the Costco Wholesale October 13, 2023 570 call for $8.22 for a net debit of $563.58 per share. This trade lasts 8 days, giving it an annualized return rate of 46.2%. 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 Stryker Corp. (SYK), Howard Hughes Holdings Inc. (HHH) and Lamb Weston Holdings Inc. (LW) are moving higher this morning, while First Republic Bank (FRCB), CDW Corp. (CDW) and Clorox Co. (CLX) are headed lower. Pinnacle West Capital (PNW), Entergy (ETR) and DTE Energy (DTE) were upgraded. while Comerica (CMA), NextEra Energy (NEE) and Nu Holdings (NU) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Nikkei 225 is up 1.72%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.62%, the Australia ASX All Ordinaries is up 0.5%, the Hang Seng is up 0.13%, and the Shanghai SE Composite Index is up 0.1%. In Europe, stocks are up. The FTSE 100 is up 0.66%, the Euronext 100 is up 0.48%, the CAC 40 is up 0.39%, and the DAX is up 0.34%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $1.02 at $83.43 per barrel. Brent crude is down $1 at $85.09 per barrel. Natural Gas is up $0.04 at $3.02. Precious metals are mixed this morning. Gold is up $1.85 at $1836.65 per ounce. Platinum is down $5.9 at $868.3, while silver is up $0.066 at $21.212. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and down against the Pound. Bitcoin is up 0.55% to $27,715.41, while Ethereum is down 0.49% to $1,638.59. Equity PUT/CALL RATIO Yesterday, 3,748,412 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,950,091 put contracts. The single-session put/call ratio was 1.59. TODAY'S ECONOMIC CALENDAR Initial Unemployment Claism 9/30 8:30 a.m. Trade Balance Aug. 8:30 a.m. EARNINGS EXPECTED TODAY: AEHR, CAG, EVI, LEVI, LW, PKE, STZ |
