MORNING UPDATE: PriceWatch Alerts for SNOW and More... for 2023-12-29 |
| PriceWatch Alerts for SNOW, DDOG, DKNG, UBER, DOCU, NVDA, MRVL, PANW, URBN, and MU. Today's optimal covered call on Snowflake Inc Cl A has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of SNOW stock at $201.23 per share and sell one contract of the Snowflake Inc Cl A January 05, 2024 200 call for $4.51 for a net debit of $196.72 per share. This trade lasts 7 days, giving it an annualized return rate of 76.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Datadog Inc Cl A has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of DDOG stock at $123.28 per share and sell one contract of the Datadog Inc Cl A January 05, 2024 123 call for $2.27 for a net debit of $121.01 per share. This trade lasts 7 days, giving it an annualized return rate of 74.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Draftkings Inc has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of DKNG stock at $35.87 per share and sell one contract of the Draftkings Inc January 12, 2024 35.5 call for $1.43 for a net debit of $34.44 per share. This trade lasts 14 days, giving it an annualized return rate of 74.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Uber Technologies Inc has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of UBER stock at $63.14 per share and sell one contract of the Uber Technologies Inc January 05, 2024 63 call for $1.15 for a net debit of $61.99 per share. This trade lasts 7 days, giving it an annualized return rate of 74.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Docusign Inc has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of DOCU stock at $60.20 per share and sell one contract of the Docusign Inc January 05, 2024 60 call for $1.16 for a net debit of $59.04 per share. This trade lasts 7 days, giving it an annualized return rate of 74.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Nvidia Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of NVDA stock at $495.22 per share and sell one contract of the Nvidia Corp January 05, 2024 495 call for $8.09 for a net debit of $487.13 per share. This trade lasts 7 days, giving it an annualized return rate of 73.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Marvell Technology Inc has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of MRVL stock at $61.30 per share and sell one contract of the Marvell Technology Inc January 05, 2024 61 call for $1.26 for a net debit of $60.04 per share. This trade lasts 7 days, giving it an annualized return rate of 73.3%. 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 1.6%. To enter this trade, buy 100 shares of PANW stock at $295.58 per share and sell one contract of the Palo Alto Networks Inc January 05, 2024 295 call for $5.16 for a net debit of $290.41 per share. This trade lasts 7 days, giving it an annualized return rate of 72.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Urban Outfitters Inc has an assigned return rate of 2.8%. To enter this trade, buy 100 shares of URBN stock at $36.38 per share and sell one contract of the Urban Outfitters Inc January 12, 2024 36 call for $1.36 for a net debit of $35.02 per share. This trade lasts 14 days, giving it an annualized return rate of 68.5%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Micron Technology has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of MU stock at $86.00 per share and sell one contract of the Micron Technology January 05, 2024 86 call for $1.25 for a net debit of $84.75 per share. This trade lasts 7 days, giving it an annualized return rate of 67.1%. The risk assessment of this trade is 4 keys (Low 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 Altice USA Inc. Cl A (ATUS), Liberty Media Corp. Series A Sirius XM (LSXMA) and Vroom Inc. (VRM) are moving higher this morning, while Lyft Inc. Cl A (LYFT), Howmet Aerospace Inc. (HWM) and IPG Photonics Corp. (IPGP) are headed lower. (), () and () were upgraded. while Uber Technologies (UBER), Lyft (LYFT) and () were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.68%, the Hang Seng is down 0.21%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.23%, the Australia ASX All Ordinaries is down 0.31%, and the Nikkei 225 is down 0.45%. In Europe, stocks are up. The Euro Stox 50 is up 0.35%, the CAC 40 is up 0.35%, the DAX is up 0.31%, and the FTSE 100 is up 0.25%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $1.03 at $71.84 per barrel. Brent crude is up $1.2 at $77.35 per barrel. Natural Gas is flat $0 at $2.53. Precious metals are mixed this morning. Gold is up $0.37 at $2065.9 per ounce. Platinum is down $1.5 at $1006.5, while silver is down $0.29 at $23.75. 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 0.07% to $42,831.86, while Ethereum is down 1.27% to $2,361.16. Equity PUT/CALL RATIO Yesterday, 3,624,370 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,222,880 put contracts. The single-session put/call ratio was 0.89. TODAY'S ECONOMIC CALENDAR Chicago PMI Dec. 9:45 a.m. EARNINGS EXPECTED TODAY: AEON, JZ |
