MORNING UPDATE: PriceWatch Alerts for SAP and More... for 2023-11-08 |
| PriceWatch Alerts for SAP, QQQ, COST, LOGI, RPM, PKG, SPY, LRN, PGR, and FMX. Today's optimal covered call on SAP Ag ADR has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of SAP stock at $140.66 per share and sell one contract of the SAP Ag ADR November 17, 2023 140 call for $2.28 for a net debit of $138.38 per share. This trade lasts 9 days, giving it an annualized return rate of 42.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Nasdaq QQQ Invesco ETF has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of QQQ stock at $372.70 per share and sell one contract of the Nasdaq QQQ Invesco ETF November 15, 2023 372 call for $4.14 for a net debit of $368.56 per share. This trade lasts 7 days, giving it an annualized return rate of 42.6%. The risk assessment of this trade is 5 keys (The Lowest 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 $571.27 per share and sell one contract of the Costco Wholesale November 17, 2023 570 call for $7.58 for a net debit of $563.70 per share. This trade lasts 9 days, giving it an annualized return rate of 40.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Logitech Int S.A. has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of LOGI stock at $80.77 per share and sell one contract of the Logitech Int S.A. November 17, 2023 80 call for $1.61 for a net debit of $79.16 per share. This trade lasts 9 days, giving it an annualized return rate of 38.7%. 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 1.0%. To enter this trade, buy 100 shares of RPM stock at $96.04 per share and sell one contract of the RPM International Inc November 17, 2023 95 call for $1.96 for a net debit of $94.08 per share. This trade lasts 9 days, giving it an annualized return rate of 35.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Packaging Corp of America has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of PKG stock at $156.64 per share and sell one contract of the Packaging Corp of America November 17, 2023 155 call for $3.03 for a net debit of $153.61 per share. This trade lasts 9 days, giving it an annualized return rate of 33.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 SPDR has an assigned return rate of 0.8%. To enter this trade, buy 100 shares of SPY stock at $436.93 per share and sell one contract of the S&P 500 SPDR November 16, 2023 436 call for $4.28 for a net debit of $432.65 per share. This trade lasts 8 days, giving it an annualized return rate of 31.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Stride Inc has an assigned return rate of 8.6%. To enter this trade, buy 100 shares of LRN stock at $56.11 per share and sell one contract of the Stride Inc February 16, 2024 55 call for $5.45 for a net debit of $50.66 per share. This trade lasts 100 days, giving it an annualized return rate of 31.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Progressive Corp has an assigned return rate of 0.8%. To enter this trade, buy 100 shares of PGR stock at $158.61 per share and sell one contract of the Progressive Corp November 17, 2023 155 call for $4.87 for a net debit of $153.74 per share. This trade lasts 9 days, giving it an annualized return rate of 29.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Fomento Economico Mexicano S.A.B has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of FMX stock at $120.88 per share and sell one contract of the Fomento Economico Mexicano S.A.B December 15, 2023 120 call for $4.36 for a net debit of $116.52 per share. This trade lasts 37 days, giving it an annualized return rate of 28.7%. 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)! 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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 Take-Two Interactive Software Inc. (TTWO), DaVita Inc. (DVA) and Lumentum Holdings Inc. (LITE) are moving higher this morning, while Upstart Holdings Inc. (UPST), Vroom Inc. (VRM) and Spirit AeroSystems Holdings Inc. Cl A (SPR) are headed lower. Datadog (DDOG), Glaukos (GKOS) and ProQR Therapeutics (PRQR) were upgraded. while Open Lending (LPRO), Masimo (MASI) and Tanger Factory Outlet (SKT) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.26%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.05%, the Shanghai SE Composite Index is down 0.16%, the Nikkei 225 is down 0.26%, and the Hang Seng is down 0.48%. In Europe, stocks are up. The CAC 40 is up 0.37%, the Euro Stox 50 is up 0.31%, the DAX is up 0.26%, and the FTSE 100 is up 0.01%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $1.07 at $76.04 per barrel. Brent crude is down $0.7 at $80.34 per barrel. Natural Gas is down $0.09 at $3.09. Precious metals are mixed this morning. Gold is down $1.05 at $1972.45 per ounce. Platinum is down $11.85 at $886.15, while silver is up $0.033 at $22.622. 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 1.59% to $34,623.87, while Ethereum is down 1.18% to $1,872.31. Equity PUT/CALL RATIO Yesterday, 3,594,484 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,510,609 put contracts. The single-session put/call ratio was 0.98. TODAY'S ECONOMIC CALENDAR EIA Crude Oil Inventories 11/4 10:30 a.m. EARNINGS EXPECTED TODAY: BEKE, CCO, DCO, EVO, EWCZ, FSM, FTCI, GIB, GTN, ICL, INVZ, LFST, LL, MIXT, SEAS, SPNS, TEF, VLN, YOU |
