MORNING UPDATE: PriceWatch Alerts for IBM and More... for 2023-11-14 |
| PriceWatch Alerts for IBM, SPY, XLK, LRN, BKR, FTI, SAP, PGR, EGO, and AYI. Today's optimal covered call on International Business Machines has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of IBM stock at $148.10 per share and sell one contract of the International Business Machines November 24, 2023 148 call for $1.62 for a net debit of $146.48 per share. This trade lasts 10 days, giving it an annualized return rate of 34.5%. The risk assessment of this trade is 5 keys (The Lowest 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 $440.19 per share and sell one contract of the S&P 500 SPDR November 22, 2023 439 call for $4.73 for a net debit of $435.46 per share. This trade lasts 8 days, giving it an annualized return rate of 32.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on S&P 500 Technology Sector SPDR has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of XLK stock at $178.47 per share and sell one contract of the S&P 500 Technology Sector SPDR November 24, 2023 178 call for $2.21 for a net debit of $176.26 per share. This trade lasts 10 days, giving it an annualized return rate of 32.8%. 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 8.2%. To enter this trade, buy 100 shares of LRN stock at $56.74 per share and sell one contract of the Stride Inc February 16, 2024 55 call for $5.92 for a net debit of $50.82 per share. This trade lasts 94 days, giving it an annualized return rate of 31.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Baker Hughes Company has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of BKR stock at $34.47 per share and sell one contract of the Baker Hughes Company December 15, 2023 34 call for $1.36 for a net debit of $33.11 per share. This trade lasts 31 days, giving it an annualized return rate of 30.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Technipfmc Plc has an assigned return rate of 5.6%. To enter this trade, buy 100 shares of FTI stock at $21.65 per share and sell one contract of the Technipfmc Plc January 19, 2024 21 call for $1.76 for a net debit of $19.89 per share. This trade lasts 66 days, giving it an annualized return rate of 30.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on SAP Ag ADR has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of SAP stock at $145.03 per share and sell one contract of the SAP Ag ADR December 15, 2023 145 call for $3.56 for a net debit of $141.47 per share. This trade lasts 31 days, giving it an annualized return rate of 28.5%. 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 2.4%. To enter this trade, buy 100 shares of PGR stock at $161.92 per share and sell one contract of the Progressive Corp December 15, 2023 160 call for $5.62 for a net debit of $156.30 per share. This trade lasts 31 days, giving it an annualized return rate of 27.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Eldorado Gold Corp has an assigned return rate of 11.4%. To enter this trade, buy 100 shares of EGO stock at $10.29 per share and sell one contract of the Eldorado Gold Corp April 19, 2024 10 call for $1.31 for a net debit of $8.98 per share. This trade lasts 157 days, giving it an annualized return rate of 26.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Acuity Brands Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of AYI stock at $175.84 per share and sell one contract of the Acuity Brands Inc December 15, 2023 175 call for $4.67 for a net debit of $171.17 per share. This trade lasts 31 days, giving it an annualized return rate of 25.5%. 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 Paysafe Ltd. (PSFE), Azenta Inc. (AZTA) and Hudson Pacific Properties Inc. (HPP) are moving higher this morning, while Churchill Downs Inc. (CHDN), Adaptive Biotechnologies Corp. (ADPT) and PacWest Bancorp (PACW) are headed lower. Take-Two Interactive (TTWO), Surgery Partners (SGRY) and Agiliti (AGTI) were upgraded. while New York Community (NYCB), Beauty Health (SKIN) and Beauty Health (SKIN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.83%, the Nikkei 225 is up 0.43%, the Shanghai SE Composite Index is up 0.31%, the Hang Seng is down 0.22%, and the Mumbai Sensex (S&P BSE SENSEX) is down 0.5%. In Europe, stocks are mixed. The DAX is up 0.5%, the Euro Stox 50 is up 0.26%, the CAC 40 is up 0.09%, and the FTSE 100 is down 0.43%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $0.26 at $78.2 per barrel. Brent crude is down $0.05 at $82.44 per barrel. Natural Gas is down $0.06 at $3.18. Precious metals are up this morning. Gold is up $0.05 at $1950.25 per ounce. Platinum is up $9.05 at $872.65, while silver is up $0.104 at $22.462. 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 down 1.39% to $36,337.08, while Ethereum is down 0.34% to $2,038.00. Equity PUT/CALL RATIO Yesterday, 3,469,754 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,917,938 put contracts. The single-session put/call ratio was 1.13. TODAY'S ECONOMIC CALENDAR Consumer Price Index Oct. 8:30 a.m. EARNINGS EXPECTED TODAY: ARMK, CMCL, CSIQ, HD, HUT, HUYA, HYZN, IHS, LLAP, OCSL, ONON, RMTI, SNDA, TME, VIPS, VOD, XNET |
