MORNING UPDATE: PriceWatch Alerts for SGH and More... for 2024-01-29 |
| PriceWatch Alerts for SGH, ACN, IJR, XME, IJH, SPY, BK, HACK, XLK, and BOTZ. Today's optimal covered call on Smart Global Holdings Inc has an assigned return rate of 13.3%. To enter this trade, buy 100 shares of SGH stock at $21.08 per share and sell one contract of the Smart Global Holdings Inc June 21, 2024 20 call for $3.42 for a net debit of $17.66 per share. This trade lasts 144 days, giving it an annualized return rate of 32.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Accenture Plc has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of ACN stock at $371.07 per share and sell one contract of the Accenture Plc February 09, 2024 370 call for $5.64 for a net debit of $365.43 per share. This trade lasts 11 days, giving it an annualized return rate of 32.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on S&P Smallcap Ishares Core ETF has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of IJR stock at $106.00 per share and sell one contract of the S&P Smallcap Ishares Core ETF February 16, 2024 105 call for $2.76 for a net debit of $103.24 per share. This trade lasts 18 days, giving it an annualized return rate of 29.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on S&P Metals & Mining SPDR has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of XME stock at $57.06 per share and sell one contract of the S&P Metals & Mining SPDR February 16, 2024 56 call for $1.96 for a net debit of $55.10 per share. This trade lasts 18 days, giving it an annualized return rate of 28.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P Midcap 400 Ishares Core ETF has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of IJH stock at $275.55 per share and sell one contract of the S&P Midcap 400 Ishares Core ETF February 16, 2024 275 call for $4.83 for a net debit of $270.72 per share. This trade lasts 18 days, giving it an annualized return rate of 27.5%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 SPDR has an assigned return rate of 0.7%. To enter this trade, buy 100 shares of SPY stock at $487.41 per share and sell one contract of the S&P 500 SPDR February 05, 2024 487 call for $3.96 for a net debit of $483.45 per share. This trade lasts 7 days, giving it an annualized return rate of 26.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Bank of New York Mellon Corp has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of BK stock at $55.33 per share and sell one contract of the Bank of New York Mellon Corp February 16, 2024 55 call for $1.16 for a net debit of $54.17 per share. This trade lasts 18 days, giving it an annualized return rate of 26.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on ETFMG Prime Cyber Security ETF has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of HACK stock at $63.39 per share and sell one contract of the ETFMG Prime Cyber Security ETF February 16, 2024 63 call for $1.32 for a net debit of $62.06 per share. This trade lasts 18 days, giving it an annualized return rate of 26.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P 500 Technology Sector SPDR has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of XLK stock at $201.75 per share and sell one contract of the S&P 500 Technology Sector SPDR February 16, 2024 200 call for $4.64 for a net debit of $197.10 per share. This trade lasts 18 days, giving it an annualized return rate of 25.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on GX Robotics & Artificial Intelli has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of BOTZ stock at $29.20 per share and sell one contract of the GX Robotics & Artificial Intelli March 15, 2024 29 call for $1.16 for a net debit of $28.04 per share. This trade lasts 46 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? 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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 Flowserve Corp. (FLS), Pool Corp. (POOL) and Franklin Resources Inc. (BEN) are moving higher this morning, while MarketAxess Holdings Inc. (MKTX), Revvity Inc. (RVTY) and TuSimple Holdings Inc. (TSP) are headed lower. Builders FirstSource (BLDR), ZoomInfo Technologies (ZI) and American Airlines Group (AAL) were upgraded. while Albemarle (ALB), Piedmont Lithium (PLL) and Norfolk Southern (NSC) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex (S&P BSE SENSEX) is up 1.8%, the Australia ASX All Ordinaries is up 0.84%, the Nikkei 225 is down 0.09%, the Shanghai SE Composite Index is down 0.21%, and the Hang Seng is down 1.09%. In Europe, stocks are mixed. The FTSE 100 is up 0.07%, the CAC 40 is up 0.03%, the Euro Stox 50 is down 0.03%, and the DAX is down 0.48%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.04 at $78.13 per barrel. Brent crude is flat $0 at $83.65 per barrel. Natural Gas is down $0.21 at $2.51. Precious metals are mixed this morning. Gold is up $11.41 at $2029.66 per ounce. Platinum is down $3 at $914.5, while silver is up $0.24 at $23.04. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen, and down against the Pound. Bitcoin is down 0.21% to $42,269.00, while Ethereum is down 0.41% to $2,264.19. Equity PUT/CALL RATIO Yesterday, 4,126,529 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,763,179 put contracts. The single-session put/call ratio was 0.91. TODAY'S ECONOMIC CALENDAR Nothing Scheduled EARNINGS EXPECTED TODAY: ARLP, BCH, BEN, BMRC, BSVN, CODA, CSWC, DX, HMST, HTLF, PHG, PPBI, PROV, RYAAY, SANM, SFBS, SMCI, SOFI, TRNS, WWD |
