MORNING UPDATE: PriceWatch Alerts for KRE and More... for 2024-01-31 |
| PriceWatch Alerts for KRE, STZ, XLI, MDY, DIA, SYF, SPY, WFC, BOTZ, and DXJ. Today's optimal covered call on S&P Regional Banking ETF SPDR has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of KRE stock at $52.79 per share and sell one contract of the S&P Regional Banking ETF SPDR February 16, 2024 52 call for $1.64 for a net debit of $51.15 per share. This trade lasts 16 days, giving it an annualized return rate of 35.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Constellation Brands Inc has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of STZ stock at $248.43 per share and sell one contract of the Constellation Brands Inc February 09, 2024 247.5 call for $3.24 for a net debit of $245.19 per share. This trade lasts 9 days, giving it an annualized return rate of 34.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P 500 Industrial Sector SPDR has an assigned return rate of 0.9%. To enter this trade, buy 100 shares of XLI stock at $114.21 per share and sell one contract of the S&P 500 Industrial Sector SPDR February 09, 2024 114 call for $1.23 for a net debit of $112.98 per share. This trade lasts 9 days, giving it an annualized return rate of 33.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on S&P Midcap 400 SPDR has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of MDY stock at $507.88 per share and sell one contract of the S&P Midcap 400 SPDR February 16, 2024 505 call for $10.08 for a net debit of $497.80 per share. This trade lasts 16 days, giving it an annualized return rate of 31.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Dow Industrials SPDR has an assigned return rate of 0.8%. To enter this trade, buy 100 shares of DIA stock at $384.49 per share and sell one contract of the Dow Industrials SPDR February 09, 2024 384 call for $3.62 for a net debit of $380.87 per share. This trade lasts 9 days, giving it an annualized return rate of 30.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Synchrony Financial has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of SYF stock at $39.70 per share and sell one contract of the Synchrony Financial March 15, 2024 39 call for $2.06 for a net debit of $37.64 per share. This trade lasts 44 days, giving it an annualized return rate of 29.3%. 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 0.6%. To enter this trade, buy 100 shares of SPY stock at $490.89 per share and sell one contract of the S&P 500 SPDR February 07, 2024 490 call for $4.00 for a net debit of $486.89 per share. This trade lasts 7 days, giving it an annualized return rate of 29.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Wells Fargo & Company has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of WFC stock at $51.19 per share and sell one contract of the Wells Fargo & Company February 23, 2024 51 call for $1.14 for a net debit of $50.06 per share. This trade lasts 23 days, giving it an annualized return rate of 28.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on GX Robotics & Artificial Intelli has an assigned return rate of 3.3%. To enter this trade, buy 100 shares of BOTZ stock at $29.23 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 $28.06 per share. This trade lasts 44 days, giving it an annualized return rate of 27.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Wisdomtree Japan Hedged Equity F has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of DXJ stock at $95.61 per share and sell one contract of the Wisdomtree Japan Hedged Equity F February 16, 2024 95 call for $1.77 for a net debit of $93.84 per share. This trade lasts 16 days, giving it an annualized return rate of 26.5%. 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 Paramount Global Cl A (PARAA), Paramount Global Cl B (PARA) and Manhattan Associates Inc. (MANH) are moving higher this morning, while New York Community Bancorp Inc. (NYCB), Rockwell Automation Inc. (ROK) and Teradata Corp. (TDC) are headed lower. 2seventy bio (TSVT), TechTarget (TTGT) and SM Energy (SM) were upgraded. while LSB Industries (LXU), CF Industries Holdings (CF) and Southwestern Energy (SWN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex (S&P BSE SENSEX) is up 0.95%, the Australia ASX All Ordinaries is up 0.57%, the Shanghai SE Composite Index is down 0.44%, the Nikkei 225 is down 1.58%, and the Hang Seng is down 1.71%. In Europe, stocks are mixed. The FTSE 100 is up 0.12%, the Euro Stox 50 is up 0.05%, the CAC 40 is up 0.03%, and the DAX is down 0.04%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.78 at $76.71 per barrel. Brent crude is up $0.5 at $81.97 per barrel. Natural Gas is up $0.02 at $2.1. Precious metals are mixed this morning. Gold is up $1.95 at $2038.95 per ounce. Platinum is up $0.5 at $926, while silver is down $0.07 at $23.14. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and up against the Pound. Bitcoin is down 2.47% to $42,564.67, while Ethereum is down 0.87% to $2,299.81. Equity PUT/CALL RATIO Yesterday, 3,756,343 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,417,188 put contracts. The single-session put/call ratio was 0.91. TODAY'S ECONOMIC CALENDAR MBA Mortgage Application Index 1/27 7:00 a.m. EIA Crude Oil Inventories 1/27 10:30 a.m. FOMC Rate Decision Jan. 2:00 p.m. EARNINGS EXPECTED TODAY: APTV, AVY, BSX, CMCO, COR, CPF, EAT, GIB, GPI, GSK, MKTX, NMR, NVO, NVS, OTIS, SAN, SKFRY, TMO, UMC |
