MORNING UPDATE: PriceWatch Alerts for MLKN and More... for 2023-10-12 |
| PriceWatch Alerts for MLKN, UBS, AEO, HQY, JBL, GWRE, GIII, CPRT, FERG, and COTY. Today's optimal covered call on Millerknoll Inc has an assigned return rate of 3.9%. To enter this trade, buy 100 shares of MLKN stock at $25.53 per share and sell one contract of the Millerknoll Inc November 17, 2023 25 call for $1.46 for a net debit of $24.06 per share. This trade lasts 36 days, giving it an annualized return rate of 38.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on UBS Group Ag ADR has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of UBS stock at $25.23 per share and sell one contract of the UBS Group Ag ADR November 17, 2023 25 call for $1.13 for a net debit of $24.10 per share. This trade lasts 36 days, giving it an annualized return rate of 36.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on American Eagle Outfitters has an assigned return rate of 8.8%. To enter this trade, buy 100 shares of AEO stock at $17.33 per share and sell one contract of the American Eagle Outfitters January 19, 2024 17 call for $1.70 for a net debit of $15.63 per share. This trade lasts 99 days, giving it an annualized return rate of 32.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Healthequity has an assigned return rate of 5.2%. To enter this trade, buy 100 shares of HQY stock at $74.02 per share and sell one contract of the Healthequity December 15, 2023 70 call for $7.47 for a net debit of $66.55 per share. This trade lasts 64 days, giving it an annualized return rate of 29.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 0.7%. To enter this trade, buy 100 shares of JBL stock at $138.50 per share and sell one contract of the Jabil Circuit October 20, 2023 135 call for $4.43 for a net debit of $134.07 per share. This trade lasts 8 days, giving it an annualized return rate of 28.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Guidewire Software Inc has an assigned return rate of 2.8%. To enter this trade, buy 100 shares of GWRE stock at $92.24 per share and sell one contract of the Guidewire Software Inc November 17, 2023 90 call for $4.73 for a net debit of $87.51 per share. This trade lasts 36 days, giving it an annualized return rate of 28.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on G-III Apparel Gp has an assigned return rate of 7.3%. To enter this trade, buy 100 shares of GIII stock at $24.78 per share and sell one contract of the G-III Apparel Gp January 19, 2024 22.5 call for $3.82 for a net debit of $20.96 per share. This trade lasts 99 days, giving it an annualized return rate of 26.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Copart Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of CPRT stock at $46.15 per share and sell one contract of the Copart Inc November 17, 2023 45 call for $2.26 for a net debit of $43.88 per share. This trade lasts 36 days, giving it an annualized return rate of 25.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ferguson Plc has an assigned return rate of 0.6%. To enter this trade, buy 100 shares of FERG stock at $169.57 per share and sell one contract of the Ferguson Plc October 20, 2023 165 call for $5.54 for a net debit of $164.03 per share. This trade lasts 8 days, giving it an annualized return rate of 24.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Coty Inc has an assigned return rate of 13.0%. To enter this trade, buy 100 shares of COTY stock at $9.91 per share and sell one contract of the Coty Inc May 17, 2024 9 call for $1.95 for a net debit of $7.96 per share. This trade lasts 218 days, giving it an annualized return rate of 21.7%. 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)! Learn how to limit your risks in any trade and keep your upside open ? 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STOCKS ON THE MOVE Booz Allen Hamilton Holding Corp. (BAH), agilon health inc. (AGL) and ViaSat Inc. (VSAT) are moving higher this morning, while Beyond Meat Inc. (BYND), TKO Group Holdings Inc. (TKO) and Bank OZK (OZK) are headed lower. MasTec (MTZ), Central Valley Community (CVCY) and Target (TGT) were upgraded. while ResMed (RMD), Carvana (CVNA) and Hyliion Holdings (HYLN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.84%, the Nikkei 225 is up 1.72%, the Shanghai SE Composite Index is up 0.94%, the Australia ASX All Ordinaries is up 0.04%, and the Mumbai Sensex (S&P BSE SENSEX) is down 0.1%. In Europe, stocks are up. The FTSE 100 is up 0.73%, the Euro Stox 50 is up 0.57%, the DAX is up 0.54%, and the CAC 40 is up 0.41%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $1.31 at $84.63 per barrel. Brent crude is up $1.59 at $87.13 per barrel. Natural Gas is down $0.07 at $3.32. Precious metals are mixed this morning. Gold is up $8.85 at $1896.15 per ounce. Platinum is down $6.65 at $886.35, while silver is up $0.157 at $22.29. 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 1.85% to $26,756.63, while Ethereum is down 1.76% to $1,547.93. Equity PUT/CALL RATIO Yesterday, 3,526,522 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,435,497 put contracts. The single-session put/call ratio was 1.26. TODAY'S ECONOMIC CALENDAR Consumer Price Index Sept. 8:30 a.m. Initial Claims 10/7 8:30 a.m. Crude Oil Inventories 10/7 11: a.m. EARNINGS EXPECTED TODAY: BYRN, CMC, CMTL, DAL, DPZ, FAST, IDT, INFY, ODC, SGH, SOTK, WBA |
