MORNING UPDATE: PriceWatch Alerts for AEO and More... for 2023-10-16 |
| PriceWatch Alerts for AEO, GIII, COST, JBL, FERG, CPRT, COTY, MLKN, UBS, and LZB. Today's optimal covered call on American Eagle Outfitters has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of AEO stock at $16.82 per share and sell one contract of the American Eagle Outfitters December 01, 2023 16.5 call for $1.28 for a net debit of $15.54 per share. This trade lasts 46 days, giving it an annualized return rate of 46.0%. 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 7.7%. To enter this trade, buy 100 shares of GIII stock at $23.40 per share and sell one contract of the G-III Apparel Gp December 15, 2023 22.5 call for $2.52 for a net debit of $20.88 per share. This trade lasts 60 days, giving it an annualized return rate of 44.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Costco Wholesale has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of COST stock at $566.84 per share and sell one contract of the Costco Wholesale October 27, 2023 565 call for $9.30 for a net debit of $557.54 per share. This trade lasts 11 days, giving it an annualized return rate of 34.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Jabil Circuit has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of JBL stock at $135.98 per share and sell one contract of the Jabil Circuit November 17, 2023 135 call for $5.03 for a net debit of $130.95 per share. This trade lasts 32 days, giving it an annualized return rate of 32.3%. 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 2.9%. To enter this trade, buy 100 shares of FERG stock at $167.74 per share and sell one contract of the Ferguson Plc November 17, 2023 165 call for $7.37 for a net debit of $160.37 per share. This trade lasts 32 days, giving it an annualized return rate of 30.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Copart Inc has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of CPRT stock at $45.75 per share and sell one contract of the Copart Inc November 17, 2023 45 call for $2.01 for a net debit of $43.74 per share. This trade lasts 32 days, giving it an annualized return rate of 30.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Coty Inc has an assigned return rate of 10.0%. To enter this trade, buy 100 shares of COTY stock at $9.67 per share and sell one contract of the Coty Inc February 16, 2024 9 call for $1.49 for a net debit of $8.18 per share. This trade lasts 123 days, giving it an annualized return rate of 28.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Millerknoll Inc has an assigned return rate of 16.5%. To enter this trade, buy 100 shares of MLKN stock at $24.50 per share and sell one contract of the Millerknoll Inc May 17, 2024 25 call for $3.04 for a net debit of $21.46 per share. This trade lasts 214 days, giving it an annualized return rate of 27.7%. 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 4.5%. To enter this trade, buy 100 shares of UBS stock at $24.31 per share and sell one contract of the UBS Group Ag ADR January 19, 2024 22.5 call for $2.78 for a net debit of $21.53 per share. This trade lasts 95 days, giving it an annualized return rate of 16.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on La-Z-Boy Inc has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of LZB stock at $29.49 per share and sell one contract of the La-Z-Boy Inc April 19, 2024 25 call for $5.95 for a net debit of $23.54 per share. This trade lasts 186 days, giving it an annualized return rate of 12.0%. 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 ? 'Cut your losers short and let your winners run'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today! NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE Landstar System Inc. (LSTR), lululemon athletica inc. (LULU) and Mettler-Toledo International Inc. (MTD) are moving higher this morning, while Trade Desk Inc. Cl A (TTD), Elevance Health Inc. (ELV) and Moderna Inc. (MRNA) are headed lower. TAL Education (TAL), Trinity Industries (TRN) and Greenbrier Companies (GBX) were upgraded. while Medical Properties Trust (MPW), Pioneer Natural Resources (PXD) and BioNTech (BNTX) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Nikkei 225 is down 2.03%, the Hang Seng is down 0.88%, the Shanghai SE Composite Index is down 0.46%, the Australia ASX All Ordinaries is down 0.35%, and the Mumbai Sensex (S&P BSE SENSEX) is down 0.17%. In Europe, stocks are up. The FTSE 100 is up 0.36%, the CAC 40 is up 0.12%, the Euro Stox 50 is up 0.1%, and the DAX is up 0.02%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $0.2 at $87.55 per barrel. Brent crude is down $0.17 at $90.63 per barrel. Natural Gas is down $0.06 at $3.15. Precious metals are mixed this morning. Gold is down $11.45 at $1930.05 per ounce. Platinum is up $0.25 at $884.45, while silver is down $0.172 at $22.723. 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 3.57% to $27,797.62, while Ethereum is up 1.86% to $1,583.92. Equity PUT/CALL RATIO Yesterday, 5,282,924 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,603,549 put contracts. The single-session put/call ratio was 1.06. TODAY'S ECONOMIC CALENDAR Empire State Manufacturing Oct. 8:30 a.m. EARNINGS EXPECTED TODAY: CFB, ELS, EPAC, FBK, GNTY, HDB, SCHW, SFBS, YTRA |
