MORNING UPDATE: PriceWatch Alerts for NOW and More... for 2024-02-05 |
| PriceWatch Alerts for NOW, KRE, WFC, NUE, COF, PSX, FDN, SANM, GS, and ALV. Today's optimal covered call on Servicenow Inc has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of NOW stock at $781.30 per share and sell one contract of the Servicenow Inc February 16, 2024 780 call for $15.93 for a net debit of $765.37 per share. This trade lasts 11 days, giving it an annualized return rate of 49.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on S&P Regional Banking ETF SPDR has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of KRE stock at $48.37 per share and sell one contract of the S&P Regional Banking ETF SPDR February 16, 2024 47.5 call for $1.76 for a net debit of $46.61 per share. This trade lasts 11 days, giving it an annualized return rate of 49.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Wells Fargo & Company has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of WFC stock at $49.16 per share and sell one contract of the Wells Fargo & Company February 16, 2024 49 call for $1.04 for a net debit of $48.12 per share. This trade lasts 11 days, giving it an annualized return rate of 47.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Nucor Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of NUE stock at $183.39 per share and sell one contract of the Nucor Corp February 16, 2024 182.5 call for $4.16 for a net debit of $179.22 per share. This trade lasts 11 days, giving it an annualized return rate of 47.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Capital One Financial Corp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of COF stock at $136.48 per share and sell one contract of the Capital One Financial Corp February 16, 2024 136 call for $2.82 for a net debit of $133.66 per share. This trade lasts 11 days, giving it an annualized return rate of 45.5%. 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 1.7%. To enter this trade, buy 100 shares of PSX stock at $145.47 per share and sell one contract of the Phillips 66 February 16, 2024 145 call for $2.92 for a net debit of $142.55 per share. This trade lasts 11 days, giving it an annualized return rate of 44.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on DJ Internet Index ETF FT has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of FDN stock at $200.02 per share and sell one contract of the DJ Internet Index ETF FT February 16, 2024 200 call for $3.37 for a net debit of $196.65 per share. This trade lasts 11 days, giving it an annualized return rate of 44.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Sanmina Corp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of SANM stock at $61.14 per share and sell one contract of the Sanmina Corp February 16, 2024 60 call for $2.12 for a net debit of $59.02 per share. This trade lasts 11 days, giving it an annualized return rate of 43.5%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Goldman Sachs Group has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of GS stock at $387.86 per share and sell one contract of the Goldman Sachs Group February 16, 2024 387.5 call for $6.72 for a net debit of $381.14 per share. This trade lasts 11 days, giving it an annualized return rate of 43.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Autoliv Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of ALV stock at $110.84 per share and sell one contract of the Autoliv Inc February 16, 2024 110 call for $2.64 for a net debit of $108.20 per share. This trade lasts 11 days, giving it an annualized return rate of 43.2%. 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)! 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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 Estee Lauder Cos. Cl A (EL), Catalent Inc. (CTLT) and Elanco Animal Health Inc. (ELAN) are moving higher this morning, while Air Products & Chemicals Inc. (APD), CBRE Group Inc. Cl A (CBRE) and ICU Medical Inc. (ICUI) are headed lower. Minerals Technologies (MTX), Tapestry (TPR) and SkyWest (SKYW) were upgraded. while Pangaea Logistics Solns (PANL), JinkoSolar Holding Co (JKS) and Schneider National (SNDR) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.63%, the Nikkei 225 is up 0.52%, the Shanghai SE Composite Index is down 0.05%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.38%, and the Hang Seng is down 1.21%. In Europe, stocks are mixed. The FTSE 100 is up 0.34%, the CAC 40 is up 0.03%, the Euro Stox 50 is flat 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 $0.33 at $72.14 per barrel. Brent crude is down $0.15 at $77.34 per barrel. Natural Gas is flat $0 at $2.09. Precious metals are mixed this morning. Gold is down $17.15 at $2021.65 per ounce. Platinum is up $6 at $901.5, while silver is down $0.3 at $22.38. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen, and up against the Pound. Bitcoin is up 0.13% to $43,092.10, while Ethereum is up 0.7% to $2,323.31. Equity PUT/CALL RATIO Yesterday, 5,158,705 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,390,632 put contracts. The single-session put/call ratio was 1.04. TODAY'S ECONOMIC CALENDAR S&P Global U.S. Services PMI Jan 9:45 a.m. ISM Non-Manufacturing PMI Jan. 10:00 a.m. EARNINGS EXPECTED TODAY: CIOXY |
