MORNING UPDATE: PriceWatch Alerts for CRM and More... for 2024-01-23 |
| PriceWatch Alerts for CRM, SGH, LULU, GIII, PVH, PLAY, NTNX, WDAY, ESTC, and SMAR. Today's optimal covered call on Salesforce Inc has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of CRM stock at $280.30 per share and sell one contract of the Salesforce Inc February 02, 2024 280 call for $5.22 for a net debit of $275.08 per share. This trade lasts 10 days, giving it an annualized return rate of 59.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Smart Global Holdings Inc has an assigned return rate of 4.0%. To enter this trade, buy 100 shares of SGH stock at $22.62 per share and sell one contract of the Smart Global Holdings Inc February 16, 2024 22.5 call for $0.98 for a net debit of $21.64 per share. This trade lasts 24 days, giving it an annualized return rate of 58.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Lululemon Athletica has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of LULU stock at $481.89 per share and sell one contract of the Lululemon Athletica February 02, 2024 482.5 call for $7.67 for a net debit of $474.22 per share. This trade lasts 10 days, giving it an annualized return rate of 57.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on G-III Apparel Gp has an assigned return rate of 8.1%. To enter this trade, buy 100 shares of GIII stock at $30.48 per share and sell one contract of the G-III Apparel Gp March 15, 2024 30 call for $2.72 for a net debit of $27.76 per share. This trade lasts 52 days, giving it an annualized return rate of 55.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Phillips-Van Heusen Corp has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of PVH stock at $119.66 per share and sell one contract of the Phillips-Van Heusen Corp February 16, 2024 120 call for $4.03 for a net debit of $115.63 per share. This trade lasts 24 days, giving it an annualized return rate of 55.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Dave & Buster's Entertainment has an assigned return rate of 3.8%. To enter this trade, buy 100 shares of PLAY stock at $50.70 per share and sell one contract of the Dave & Buster's Entertainment February 16, 2024 50 call for $2.52 for a net debit of $48.18 per share. This trade lasts 24 days, giving it an annualized return rate of 55.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Nutanix Inc has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of NTNX stock at $56.00 per share and sell one contract of the Nutanix Inc February 16, 2024 55 call for $2.99 for a net debit of $53.02 per share. This trade lasts 24 days, giving it an annualized return rate of 54.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Workday Inc has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of WDAY stock at $289.88 per share and sell one contract of the Workday Inc February 02, 2024 287.5 call for $6.92 for a net debit of $282.96 per share. This trade lasts 10 days, giving it an annualized return rate of 53.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Elastic N.V. has an assigned return rate of 7.5%. To enter this trade, buy 100 shares of ESTC stock at $123.22 per share and sell one contract of the Elastic N.V. March 15, 2024 120 call for $11.55 for a net debit of $111.67 per share. This trade lasts 52 days, giving it an annualized return rate of 51.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Smartsheet Inc Cl A has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of SMAR stock at $46.25 per share and sell one contract of the Smartsheet Inc Cl A February 16, 2024 45 call for $2.62 for a net debit of $43.63 per share. This trade lasts 24 days, giving it an annualized return rate of 45.8%. 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)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today! NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE TKO Group Holdings Inc. (TKO), United Airlines Holdings Inc. (UAL) and Wolfspeed Inc. (WOLF) are moving higher this morning, while Vroom Inc. (VRM), ViaSat Inc. (VSAT) and 3M Co. (MMM) are headed lower. Exxon Mobil (XOM), NuStar Energy (NS) and Teva Pharmaceutical Indus (TEVA) were upgraded. while Chevron (CVX), BILL Holdings (BILL) and Sirius XM Holdings (SIRI) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.82%, the Hang Seng is up 0.61%, the Nikkei 225 is down 0.04%, the Australia ASX All Ordinaries is down 0.09%, and the Mumbai Sensex (S&P BSE SENSEX) is down 1.54%. In Europe, stocks are mixed. The DAX is up 0.06%, the FTSE 100 is up 0.06%, the CAC 40 is up 0.06%, and the Euro Stox 50 is down 0.06%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.33 at $74.28 per barrel. Brent crude is flat $0 at $79.56 per barrel. Natural Gas is down $0.03 at $2.4. Precious metals are up this morning. Gold is up $4.22 at $2025.95 per ounce. Platinum is up $5 at $903, while silver is up $0.16 at $22.3. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, up against the Yen, and down against the Pound. Bitcoin is down 5.14% to $38,979.11, while Ethereum is down 7.52% to $2,214.82. Equity PUT/CALL RATIO Yesterday, 4,628,805 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,814,652 put contracts. The single-session put/call ratio was 0.82. TODAY'S ECONOMIC CALENDAR Nothing Scheduled EARNINGS EXPECTED TODAY: AUB, CBU, DHI, ERIC, FOR, GE, HAL, IVZ, JNJ, LMT, MMM, MMYT, ONB, PEBO, PG, RTX, SASR, SYF, VZ, WBS |
