MORNING UPDATE: PriceWatch Alerts for FERG and More... for 2023-10-27 |
| PriceWatch Alerts for FERG, AYI, XLY, XLI, PGR, XLU, XLP, SCS, XLV, and XLB. Today's optimal covered call on Ferguson Plc has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of FERG stock at $152.61 per share and sell one contract of the Ferguson Plc November 17, 2023 150 call for $5.64 for a net debit of $146.97 per share. This trade lasts 21 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 Acuity Brands Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of AYI stock at $159.11 per share and sell one contract of the Acuity Brands Inc November 17, 2023 155 call for $7.21 for a net debit of $151.90 per share. This trade lasts 21 days, giving it an annualized return rate of 33.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 Cons Disc Sector SPDR has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of XLY stock at $148.04 per share and sell one contract of the S&P 500 Cons Disc Sector SPDR November 17, 2023 145 call for $5.84 for a net debit of $142.20 per share. This trade lasts 21 days, giving it an annualized return rate of 32.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on S&P 500 Industrial Sector SPDR has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of XLI stock at $97.30 per share and sell one contract of the S&P 500 Industrial Sector SPDR November 17, 2023 97 call for $2.14 for a net debit of $95.16 per share. This trade lasts 21 days, giving it an annualized return rate of 32.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Progressive Corp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of PGR stock at $153.86 per share and sell one contract of the Progressive Corp November 17, 2023 150 call for $6.33 for a net debit of $147.53 per share. This trade lasts 21 days, giving it an annualized return rate of 27.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 Utilities Sector SPDR has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of XLU stock at $59.86 per share and sell one contract of the S&P 500 Utilities Sector SPDR November 24, 2023 59 call for $2.13 for a net debit of $57.73 per share. This trade lasts 28 days, giving it an annualized return rate of 27.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 Cons Staples Sector SPDR has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of XLP stock at $67.50 per share and sell one contract of the S&P 500 Cons Staples Sector SPDR November 17, 2023 67 call for $1.50 for a net debit of $66.00 per share. This trade lasts 21 days, giving it an annualized return rate of 25.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Steelcase Inc has an assigned return rate of 11.4%. To enter this trade, buy 100 shares of SCS stock at $10.49 per share and sell one contract of the Steelcase Inc April 19, 2024 10 call for $1.51 for a net debit of $8.98 per share. This trade lasts 175 days, giving it an annualized return rate of 23.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on S&P 500 Healthcare Sector SPDR has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of XLV stock at $125.26 per share and sell one contract of the S&P 500 Healthcare Sector SPDR November 24, 2023 124.5 call for $2.90 for a net debit of $122.36 per share. This trade lasts 28 days, giving it an annualized return rate of 22.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P 500 Materials Sector SPDR has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of XLB stock at $74.98 per share and sell one contract of the S&P 500 Materials Sector SPDR December 15, 2023 74 call for $2.96 for a net debit of $72.03 per share. This trade lasts 49 days, giving it an annualized return rate of 20.0%. 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 DexCom Inc. (DXCM), Deckers Outdoor Corp. (DECK) and Insulet Corp. (PODD) are moving higher this morning, while Enphase Energy Inc. (ENPH), First Republic Bank (FRCB) and Newell Brands Inc. (NWL) are headed lower. Merck & Co (MRK), Roblox (RBLX) and Yelp (YELP) were upgraded. while PTC Therapeutics (PTCT), Hasbro (HAS) and Bristol-Myers Squibb (BMY) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Hang Seng is up 2.14%, the Nikkei 225 is up 1.38%, the Mumbai Sensex (S&P BSE SENSEX) is up 1.01%, the Shanghai SE Composite Index is up 0.99%, and the Australia ASX All Ordinaries is up 0.21%. Stocks in Europe are down. The CAC 40 is down 1.02%, the Euro Stox 50 is down 0.53%, the FTSE 100 is down 0.21%, and the DAX is down 0.02%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $1.08 at $84.58 per barrel. Brent crude is up $1.24 at $89.4 per barrel. Natural Gas is up $0.14 at $3.39. Precious metals are mixed this morning. Gold is down $3.15 at $1994.25 per ounce. Platinum is up $0.5 at $909.5, while silver is down $0.006 at $22.902. 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 0.65% to $34,074.84, while Ethereum is down 2.61% to $1,783.24. Equity PUT/CALL RATIO Yesterday, 4,628,779 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,199,986 put contracts. The single-session put/call ratio was 1.12. TODAY'S ECONOMIC CALENDAR Personal Income Sept. 8:30 a.m. Personal Spending Sept. 8:30 a.m. PCE Prices Sept. 8:30 a.m. EARNINGS EXPECTED TODAY: AON, ARCB, AVTR, B, CRI, CVEO, CVX, E, EQNR, FTS, GRC, GTLS, LYB, NVT, POR, SEKEY, SNY, SWK, XEL, XOM |
