MORNING UPDATE: PriceWatch Alerts for ADI and More... for 2024-01-18 |
| PriceWatch Alerts for ADI, ZM, DKS, INTU, WDAY, LEN, URBN, ULTA, ADSK, and NTNX. Today's optimal covered call on Analog Devices has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of ADI stock at $185.43 per share and sell one contract of the Analog Devices January 26, 2024 185 call for $3.72 for a net debit of $181.71 per share. This trade lasts 8 days, giving it an annualized return rate of 73.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Zoom Video Communications Cl A has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of ZM stock at $67.95 per share and sell one contract of the Zoom Video Communications Cl A January 26, 2024 67 call for $2.02 for a net debit of $65.92 per share. This trade lasts 8 days, giving it an annualized return rate of 66.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Dick's Sporting Goods Inc has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of DKS stock at $141.86 per share and sell one contract of the Dick's Sporting Goods Inc January 26, 2024 141 call for $3.02 for a net debit of $138.84 per share. This trade lasts 8 days, giving it an annualized return rate of 63.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Intuit Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of INTU stock at $599.84 per share and sell one contract of the Intuit Inc January 26, 2024 597.5 call for $11.17 for a net debit of $588.67 per share. This trade lasts 8 days, giving it an annualized return rate of 60.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Workday Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of WDAY stock at $281.32 per share and sell one contract of the Workday Inc January 26, 2024 280 call for $5.44 for a net debit of $275.88 per share. This trade lasts 8 days, giving it an annualized return rate of 60.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Lennar Corp has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of LEN stock at $149.60 per share and sell one contract of the Lennar Corp January 26, 2024 149 call for $2.76 for a net debit of $146.84 per share. This trade lasts 8 days, giving it an annualized return rate of 59.8%. 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 2.6%. To enter this trade, buy 100 shares of URBN stock at $39.18 per share and sell one contract of the Urban Outfitters Inc February 02, 2024 39 call for $1.16 for a net debit of $38.02 per share. This trade lasts 15 days, giving it an annualized return rate of 59.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Ulta Beauty Inc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of ULTA stock at $472.76 per share and sell one contract of the Ulta Beauty Inc January 26, 2024 472.5 call for $6.96 for a net debit of $465.80 per share. This trade lasts 8 days, giving it an annualized return rate of 58.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Autodesk Inc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of ADSK stock at $238.47 per share and sell one contract of the Autodesk Inc January 26, 2024 237.5 call for $4.33 for a net debit of $234.14 per share. This trade lasts 8 days, giving it an annualized return rate of 58.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nutanix Inc has an assigned return rate of 4.7%. To enter this trade, buy 100 shares of NTNX stock at $52.79 per share and sell one contract of the Nutanix Inc February 16, 2024 52.5 call for $2.67 for a net debit of $50.12 per share. This trade lasts 29 days, giving it an annualized return rate of 57.6%. The risk assessment of this trade is 3 keys (Moderate 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 Hudson Pacific Properties Inc. (HPP), Bread Financial Holdings Inc. (BFH) and Generac Holdings Inc. (GNRC) are moving higher this morning, while Plug Power Inc. (PLUG), Humana Inc. (HUM) and Discover Financial Services (DFS) are headed lower. Pinterest (PINS), Apple (AAPL) and Microsoft (MSFT) were upgraded. while Wells Fargo (WFC), Taro Pharmaceutical Indus (TARO) and Playtika Holding (PLTK) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 0.67%, the Australia ASX All Ordinaries is down 0.04%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.51%, the Shanghai SE Composite Index is down 0.64%, and the Nikkei 225 is down 0.86%. In Europe, stocks are up. The Euro Stox 50 is up 0.98%, the FTSE 100 is up 0.98%, the CAC 40 is up 0.15%, and the DAX is up 0.14%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.37 at $72.56 per barrel. Brent crude is flat $0 at $77.74 per barrel. Natural Gas is down $0.05 at $2.82. Precious metals are mixed this morning. Gold is up $7.55 at $2013.95 per ounce. Platinum is up $17 at $902, while silver is down $0.01 at $22.58. 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 down 0.58% to $42,361.35, while Ethereum is down 1.24% to $2,507.29. Equity PUT/CALL RATIO Yesterday, 4,323,712 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,371,156 put contracts. The single-session put/call ratio was 1.01. TODAY'S ECONOMIC CALENDAR Initial Claims 1/13 8:30 a.m. Housing Starts/Building Permits Dec. 8:30 a.m. EARNINGS EXPECTED TODAY: BANR, BIRK, CBSH, FAST, FHN, HOMB, IIIN, JBHT, KEY, MTB, NTRS, OZK, PPG, SIFY, SRCE, TCBI, TFC, TSM, WNS |
