MORNING UPDATE: PriceWatch Alerts for PKG and More... for 2023-11-09 |
| PriceWatch Alerts for PKG, ALV, LIN, XLK, PGR, SPY, COOP, INTC, FTI, and RSG. 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 $156.13 per share and sell one contract of the Packaging Corp of America November 17, 2023 155 call for $2.58 for a net debit of $153.56 per share. This trade lasts 8 days, giving it an annualized return rate of 38.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Autoliv Inc has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of ALV stock at $96.92 per share and sell one contract of the Autoliv Inc November 17, 2023 95 call for $2.77 for a net debit of $94.15 per share. This trade lasts 8 days, giving it an annualized return rate of 36.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Linde Plc has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of LIN stock at $392.26 per share and sell one contract of the Linde Plc November 17, 2023 390 call for $5.64 for a net debit of $386.62 per share. This trade lasts 8 days, giving it an annualized return rate of 35.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P 500 Technology Sector SPDR has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of XLK stock at $175.77 per share and sell one contract of the S&P 500 Technology Sector SPDR November 17, 2023 175 call for $2.28 for a net debit of $173.49 per share. This trade lasts 8 days, giving it an annualized return rate of 35.3%. The risk assessment of this trade is 5 keys (The Lowest 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 $4.89 for a net debit of $153.72 per share. This trade lasts 8 days, giving it an annualized return rate of 33.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P 500 SPDR has an assigned return rate of 0.7%. To enter this trade, buy 100 shares of SPY stock at $437.25 per share and sell one contract of the S&P 500 SPDR November 16, 2023 437 call for $3.42 for a net debit of $433.83 per share. This trade lasts 7 days, giving it an annualized return rate of 33.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Mr.Cooper Group Inc has an assigned return rate of 3.3%. To enter this trade, buy 100 shares of COOP stock at $55.54 per share and sell one contract of the Mr.Cooper Group Inc December 15, 2023 55 call for $2.32 for a net debit of $53.22 per share. This trade lasts 36 days, giving it an annualized return rate of 33.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Intel Corp has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of INTC stock at $37.92 per share and sell one contract of the Intel Corp December 15, 2023 37 call for $2.04 for a net debit of $35.88 per share. This trade lasts 36 days, giving it an annualized return rate of 30.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Technipfmc Plc has an assigned return rate of 5.8%. To enter this trade, buy 100 shares of FTI stock at $20.82 per share and sell one contract of the Technipfmc Plc January 19, 2024 20 call for $1.91 for a net debit of $18.91 per share. This trade lasts 71 days, giving it an annualized return rate of 29.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Republic Services has an assigned return rate of 0.7%. To enter this trade, buy 100 shares of RSG stock at $155.61 per share and sell one contract of the Republic Services November 17, 2023 155 call for $1.72 for a net debit of $153.90 per share. This trade lasts 8 days, giving it an annualized return rate of 29.1%. 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 Virgin Galactic Holdings Inc. (SPCE), Natera Inc. (NTRA) and Fox Corp. Cl B (FOX) are moving higher this morning, while BILL Holdings Inc. (BILL), Veeva Systems Inc. Cl A (VEEV) and Becton Dickinson & Co. (BDX) are headed lower. Welltower (WELL), Essex Property Trust (ESS) and Triumph Group (TGI) were upgraded. while Atara Biotherapeutics (ATRA), ADC Therapeutics (ADCT) and Sangoma Technologies (SANG) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 1.59%, the Australia ASX All Ordinaries is up 0.28%, the Shanghai SE Composite Index is up 0.03%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.22%, and the Hang Seng is down 0.33%. In Europe, stocks are up. The Euro Stox 50 is up 0.9%, the CAC 40 is up 0.82%, the DAX is up 0.56%, and the FTSE 100 is up 0.5%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.55 at $76.02 per barrel. Brent crude is down $0.3 at $80.26 per barrel. Natural Gas is up $0.02 at $3.14. Precious metals are mixed this morning. Gold is down $6.85 at $1950.95 per ounce. Platinum is up $1.35 at $872.85, while silver is down $0.133 at $22.595. 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 up 4.24% to $36,859.85, while Ethereum is up 1.54% to $1,915.25. Equity PUT/CALL RATIO Yesterday, 3,455,929 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,085,128 put contracts. The single-session put/call ratio was 1.18. TODAY'S ECONOMIC CALENDAR Initial Claims 11/4 8:30 a.m. EARNINGS EXPECTED TODAY: AZN, CDNAF, CIO, CNTY, EPC, EYE, FA, FREY, FVRR, GOCO, HIMX, INDV, LI, MT, PRM, SONY, WB, WD, WIX |
