MORNING UPDATE: PriceWatch Alerts for PGR and More... for 2023-10-30 |
| PriceWatch Alerts for PGR, DIA, AYI, LBRT, XLV, XLI, XLF, RPM, XLB, and SCS. Today's optimal covered call on Progressive Corp has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of PGR stock at $153.06 per share and sell one contract of the Progressive Corp November 17, 2023 150 call for $5.82 for a net debit of $147.24 per share. This trade lasts 18 days, giving it an annualized return rate of 32.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Dow Industrials SPDR has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of DIA stock at $324.19 per share and sell one contract of the Dow Industrials SPDR November 10, 2023 323 call for $5.07 for a net debit of $319.12 per share. This trade lasts 11 days, giving it an annualized return rate of 31.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Acuity Brands Inc has an assigned return rate of 4.2%. To enter this trade, buy 100 shares of AYI stock at $158.31 per share and sell one contract of the Acuity Brands Inc December 15, 2023 155 call for $9.54 for a net debit of $148.77 per share. This trade lasts 46 days, giving it an annualized return rate of 31.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Liberty Energy Inc has an assigned return rate of 10.5%. To enter this trade, buy 100 shares of LBRT stock at $19.60 per share and sell one contract of the Liberty Energy Inc March 15, 2024 19 call for $2.40 for a net debit of $17.20 per share. This trade lasts 137 days, giving it an annualized return rate of 27.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 Healthcare Sector SPDR has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of XLV stock at $123.14 per share and sell one contract of the S&P 500 Healthcare Sector SPDR November 17, 2023 122 call for $3.01 for a net debit of $120.13 per share. This trade lasts 18 days, giving it an annualized return rate of 27.0%. 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 2.0%. To enter this trade, buy 100 shares of XLI stock at $96.44 per share and sell one contract of the S&P 500 Industrial Sector SPDR November 24, 2023 96 call for $2.35 for a net debit of $94.09 per share. This trade lasts 25 days, giving it an annualized return rate of 26.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P 500 Financials Sector SPDR has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of XLF stock at $31.45 per share and sell one contract of the S&P 500 Financials Sector SPDR December 15, 2023 31 call for $1.39 for a net debit of $30.06 per share. This trade lasts 46 days, giving it an annualized return rate of 23.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on RPM International Inc has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of RPM stock at $89.22 per share and sell one contract of the RPM International Inc November 17, 2023 85 call for $5.23 for a net debit of $83.99 per share. This trade lasts 18 days, giving it an annualized return rate of 20.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 Materials Sector SPDR has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of XLB stock at $74.95 per share and sell one contract of the S&P 500 Materials Sector SPDR December 01, 2023 74.5 call for $1.86 for a net debit of $73.09 per share. This trade lasts 32 days, giving it an annualized return rate of 20.1%. 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 9.6%. To enter this trade, buy 100 shares of SCS stock at $10.36 per share and sell one contract of the Steelcase Inc April 19, 2024 10 call for $1.24 for a net debit of $9.12 per share. This trade lasts 172 days, giving it an annualized return rate of 20.0%. 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)! 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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 Spirit Realty Capital Inc. (SRC), Western Digital Corp. (WDC) and BWX Technologies Inc. (BWXT) are moving higher this morning, while CommScope Holding Co. Inc. (COMM), Revvity Inc. (RVTY) and ON Semiconductor Corp. (ON) are headed lower. NorthWestern Energy Group (NWE), Acushnet Hldgs (GOLF) and AbbVie (ABBV) were upgraded. while CubeSmart (CUBE), Aon (AON) and Datadog (DDOG) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex (S&P BSE SENSEX) is up 0.52%, the Shanghai SE Composite Index is up 0.12%, the Hang Seng is up 0.06%, the Australia ASX All Ordinaries is down 0.79%, and the Nikkei 225 is down 0.98%. In Europe, stocks are up. The FTSE 100 is up 0.71%, the Euro Stox 50 is up 0.68%, the CAC 40 is up 0.66%, and the DAX is up 0.51%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.9 at $89.54 per barrel. Brent crude is flat $0 at $74.2 per barrel. Natural Gas is up $0.18 at $3.34. Precious metals are up this morning. Gold is up $7.75 at $2006.25 per ounce. Platinum is up $25.2 at $931, while silver is up $0.59 at $23.477. 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 0.99% to $34,520.56, while Ethereum is up 1.69% to $1,815.19. Equity PUT/CALL RATIO Yesterday, 4,511,200 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,292,482 put contracts. The single-session put/call ratio was 1.17. TODAY'S ECONOMIC CALENDAR Nothing Scheduled EARNINGS EXPECTED TODAY: ACGL, AGNC, ALX, BCH, BGC, CBD, CHKP, CNA, CSWC, DQ, HSBC, JKS, L, MCD, ON, RVTY, SJW, SOFI, WDC, XPO |
