MORNING UPDATE: PriceWatch Alerts for SPOT and More... for 2023-12-04 |
| PriceWatch Alerts for SPOT, APO, DHI, KLAC, RCL, META, PANW, EXPE, GPS, and NVO. Today's optimal covered call on Spotify Technology S.A. has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of SPOT stock at $180.69 per share and sell one contract of the Spotify Technology S.A. December 15, 2023 180 call for $4.73 for a net debit of $175.96 per share. This trade lasts 11 days, giving it an annualized return rate of 59.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Apollo Asset Management Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of APO stock at $92.70 per share and sell one contract of the Apollo Asset Management Inc December 15, 2023 92.5 call for $2.26 for a net debit of $90.44 per share. This trade lasts 11 days, giving it an annualized return rate of 59.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on D.R. Horton has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of DHI stock at $130.86 per share and sell one contract of the D.R. Horton December 15, 2023 131 call for $2.76 for a net debit of $128.10 per share. This trade lasts 11 days, giving it an annualized return rate of 59.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on K L A-Tencor Corp has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of KLAC stock at $549.00 per share and sell one contract of the K L A-Tencor Corp December 15, 2023 550 call for $11.15 for a net debit of $537.85 per share. This trade lasts 11 days, giving it an annualized return rate of 58.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Royal Caribbean Cruises Ltd has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of RCL stock at $110.73 per share and sell one contract of the Royal Caribbean Cruises Ltd December 15, 2023 110 call for $3.11 for a net debit of $107.62 per share. This trade lasts 11 days, giving it an annualized return rate of 57.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Meta Platforms Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of META stock at $324.82 per share and sell one contract of the Meta Platforms Inc December 15, 2023 325 call for $6.77 for a net debit of $318.05 per share. This trade lasts 11 days, giving it an annualized return rate of 57.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Palo Alto Networks Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of PANW stock at $296.16 per share and sell one contract of the Palo Alto Networks Inc December 15, 2023 295 call for $7.46 for a net debit of $288.70 per share. This trade lasts 11 days, giving it an annualized return rate of 56.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Expedia Group Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of EXPE stock at $139.31 per share and sell one contract of the Expedia Group Inc December 15, 2023 139 call for $3.26 for a net debit of $136.04 per share. This trade lasts 11 days, giving it an annualized return rate of 56.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Gap Inc has an assigned return rate of 4.2%. To enter this trade, buy 100 shares of GPS stock at $21.02 per share and sell one contract of the Gap Inc December 29, 2023 21 call for $0.87 for a net debit of $20.15 per share. This trade lasts 25 days, giving it an annualized return rate of 54.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of NVO stock at $100.40 per share and sell one contract of the Novo Nordisk A/S ADR December 15, 2023 100 call for $2.42 for a net debit of $97.98 per share. This trade lasts 11 days, giving it an annualized return rate of 53.6%. The risk assessment of this trade is 5 keys (The Lowest 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 Science Applications International Corp. (SAIC), Beyond Meat Inc. (BYND) and Carvana Co. Cl A (CVNA) are moving higher this morning, while Alaska Air Group Inc. (ALK), Virgin Galactic Holdings Inc. (SPCE) and Hudson Pacific Properties Inc. (HPP) are headed lower. Adobe (ADBE), Insulet (PODD) and Teleflex (TFX) were upgraded. while Equitrans Midstream (ETRN), Lululemon Athletica (LULU) and Alaska Air Gr (ALK) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex (S&P BSE SENSEX) is up 2.05%, the Australia ASX All Ordinaries is up 0.7%, the Shanghai SE Composite Index is down 0.29%, the Nikkei 225 is down 0.7%, and the Hang Seng is down 1.1%. In Europe, stocks are mixed. The DAX is up 1.18%, the Euro Stox 50 is up 0.47%, the CAC 40 is up 0.22%, and the FTSE 100 is down 0.45%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $1.09 at $73.69 per barrel. Brent crude is up $1 at $78.47 per barrel. Natural Gas is down $0.04 at $2.74. Precious metals are down this morning. Gold is down $3.1 at $2086.6 per ounce. Platinum is down $1.4 at $934.7, while silver is down $0.319 at $25.538. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen, and up against the Pound. Bitcoin is up 5.23% to $41,582.22, while Ethereum is up 3.26% to $2,231.74. Equity PUT/CALL RATIO Yesterday, 4,737,482 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,996,200 put contracts. The single-session put/call ratio was 0.84. TODAY'S ECONOMIC CALENDAR New Home Sales Oct. 10:00 a.m. EARNINGS EXPECTED TODAY: CULP, GTLB, IDT, SAIC |
