MORNING UPDATE: PriceWatch Alerts for NOW and More... for 2024-02-01 |
| PriceWatch Alerts for NOW, COF, NVO, MSFT, PSX, BX, ISRG, DAL, STLD, and NUE. Today's optimal covered call on Servicenow Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of NOW stock at $765.40 per share and sell one contract of the Servicenow Inc February 09, 2024 765 call for $13.22 for a net debit of $752.18 per share. This trade lasts 8 days, giving it an annualized return rate of 69.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Capital One Financial Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of COF stock at $135.32 per share and sell one contract of the Capital One Financial Corp February 09, 2024 135 call for $2.42 for a net debit of $132.91 per share. This trade lasts 8 days, giving it an annualized return rate of 63.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of NVO stock at $114.74 per share and sell one contract of the Novo Nordisk A/S ADR February 09, 2024 114 call for $2.50 for a net debit of $112.24 per share. This trade lasts 8 days, giving it an annualized return rate of 63.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Microsoft Corp has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of MSFT stock at $397.58 per share and sell one contract of the Microsoft Corp February 09, 2024 397.5 call for $6.22 for a net debit of $391.36 per share. This trade lasts 8 days, giving it an annualized return rate of 63.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Phillips 66 has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of PSX stock at $144.31 per share and sell one contract of the Phillips 66 February 09, 2024 144 call for $2.52 for a net debit of $141.78 per share. This trade lasts 8 days, giving it an annualized return rate of 63.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Blackstone Inc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of BX stock at $124.45 per share and sell one contract of the Blackstone Inc February 09, 2024 124 call for $2.20 for a net debit of $122.25 per share. This trade lasts 8 days, giving it an annualized return rate of 58.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Intuitive Surg Inc has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of ISRG stock at $378.22 per share and sell one contract of the Intuitive Surg Inc February 09, 2024 377.5 call for $5.92 for a net debit of $372.30 per share. This trade lasts 8 days, giving it an annualized return rate of 56.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Delta Air Lines Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of DAL stock at $39.14 per share and sell one contract of the Delta Air Lines Inc February 16, 2024 39 call for $1.08 for a net debit of $38.06 per share. This trade lasts 15 days, giving it an annualized return rate of 56.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Steel Dynamics Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of STLD stock at $120.69 per share and sell one contract of the Steel Dynamics Inc February 16, 2024 120 call for $3.53 for a net debit of $117.16 per share. This trade lasts 15 days, giving it an annualized return rate of 55.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Nucor Corp has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of NUE stock at $186.93 per share and sell one contract of the Nucor Corp February 09, 2024 185 call for $4.28 for a net debit of $182.66 per share. This trade lasts 8 days, giving it an annualized return rate of 52.1%. The risk assessment of this trade is 5 keys (The Lowest 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 Net Lease Office Properties (NLOP), Etsy Inc. (ETSY) and Align Technology Inc. (ALGN) are moving higher this morning, while Markel Group Inc. (MKL), Wolfspeed Inc. (WOLF) and C.H. Robinson Worldwide Inc. (CHRW) are headed lower. Cigna Group (CI), AT&T (T) and Veritone (VERI) were upgraded. while Amplitude (AMPL), Lennox Intl (LII) and StoneCo (STNE) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 1%, the Shanghai SE Composite Index is up 0.11%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.13%, the Hang Seng is down 0.45%, and the Australia ASX All Ordinaries is down 0.9%. In Europe, stocks are mixed. The Euro Stox 50 is up 0.04%, the CAC 40 is up 0.04%, the DAX is down 0.03%, and the FTSE 100 is down 0.1%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.74 at $76.24 per barrel. Brent crude is up $0.75 at $80.97 per barrel. Natural Gas is down $0.02 at $2.11. Precious metals are down this morning. Gold is down $5.85 at $2033.25 per ounce. Platinum is down $17 at $909.5, while silver is down $0.37 at $22.59. 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 0.75% to $42,221.22, while Ethereum is down 1.1% to $2,268.40. Equity PUT/CALL RATIO Yesterday, 4,522,847 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,141,327 put contracts. The single-session put/call ratio was 0.92. TODAY'S ECONOMIC CALENDAR Initial Claims 1/27 8:30 a.m. Productivity Q4 8:30 a.m. ISM Manufacturing 1/27 10:30 a.m. EARNINGS EXPECTED TODAY: ATKR, BALL, BC, BDX, DB, DLX, FCFS, HON, ING, KYOCY, LPG, MIXT, OCSL, RACE, RVTY, SHEL, SNY, SWK, TAK, TECH |
