MORNING UPDATE: PriceWatch Alerts for KRE and More... for 2024-02-07 |
| PriceWatch Alerts for KRE, IWM, NUE, FDN, AXP, PSX, WBS, CLS, IJR, and MSFT. Today's optimal covered call on S&P Regional Banking ETF SPDR has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of KRE stock at $46.97 per share and sell one contract of the S&P Regional Banking ETF SPDR February 23, 2024 46.5 call for $1.56 for a net debit of $45.42 per share. This trade lasts 16 days, giving it an annualized return rate of 51.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Russell 2000 Ishares ETF has an assigned return rate of 1.1%. To enter this trade, buy 100 shares of IWM stock at $193.67 per share and sell one contract of the Russell 2000 Ishares ETF February 14, 2024 193 call for $2.78 for a net debit of $190.88 per share. This trade lasts 7 days, giving it an annualized return rate of 50.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nucor Corp has an assigned return rate of 1.4%. To enter this trade, buy 100 shares of NUE stock at $181.35 per share and sell one contract of the Nucor Corp February 16, 2024 180 call for $3.78 for a net debit of $177.58 per share. This trade lasts 9 days, giving it an annualized return rate of 49.8%. 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 1.3%. To enter this trade, buy 100 shares of FDN stock at $198.21 per share and sell one contract of the DJ Internet Index ETF FT February 16, 2024 198 call for $2.78 for a net debit of $195.42 per share. This trade lasts 9 days, giving it an annualized return rate of 48.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on American Express Company has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of AXP stock at $205.65 per share and sell one contract of the American Express Company February 16, 2024 205 call for $3.22 for a net debit of $202.44 per share. This trade lasts 9 days, giving it an annualized return rate of 46.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Phillips 66 has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of PSX stock at $145.91 per share and sell one contract of the Phillips 66 February 16, 2024 145 call for $2.72 for a net debit of $143.20 per share. This trade lasts 9 days, giving it an annualized return rate of 46.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Webster Financial Corp has an assigned return rate of 4.7%. To enter this trade, buy 100 shares of WBS stock at $46.14 per share and sell one contract of the Webster Financial Corp March 15, 2024 45 call for $3.16 for a net debit of $42.98 per share. This trade lasts 37 days, giving it an annualized return rate of 45.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Celestica Inc has an assigned return rate of 4.6%. To enter this trade, buy 100 shares of CLS stock at $36.26 per share and sell one contract of the Celestica Inc March 15, 2024 35 call for $2.82 for a net debit of $33.44 per share. This trade lasts 37 days, giving it an annualized return rate of 44.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on S&P Smallcap Ishares Core ETF has an assigned return rate of 1.2%. To enter this trade, buy 100 shares of IJR stock at $103.62 per share and sell one contract of the S&P Smallcap Ishares Core ETF February 16, 2024 103 call for $1.86 for a net debit of $101.76 per share. This trade lasts 9 days, giving it an annualized return rate of 44.7%. 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 1.2%. To enter this trade, buy 100 shares of MSFT stock at $405.49 per share and sell one contract of the Microsoft Corp February 16, 2024 405 call for $5.36 for a net debit of $400.12 per share. This trade lasts 9 days, giving it an annualized return rate of 44.5%. 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 Enphase Energy Inc. (ENPH), Roblox Corp. (RBLX) and Cirrus Logic Inc. (CRUS) are moving higher this morning, while Mercury Systems Inc. (MRCY), VF Corp. (VFC) and TKO Group Holdings Inc. (TKO) are headed lower. Symbotic (SYM), Dollar Tree (DLTR) and Target (TGT) were upgraded. while Mercury Sys (MRCY), New York Community (NYCB) and BJ's Wholesale Club (BJ) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.99%, the Nikkei 225 is up 0.78%, the Shanghai SE Composite Index is up 0.22%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.01%, and the Australia ASX All Ordinaries is down 0.08%. In Europe, stocks are mixed. The Euro Stox 50 is up 0.03%, the CAC 40 is up 0.03%, the DAX is down 0.03%, and the FTSE 100 is down 0.11%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.36 at $73.86 per barrel. Brent crude is down $2.25 at $79.13 per barrel. Natural Gas is up $0.02 at $2.02. Precious metals are down this morning. Gold is down $3.2 at $2032.96 per ounce. Platinum is down $15 at $891.5, while silver is down $0.21 at $22.26. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and down against the Pound. Bitcoin is up 0.32% to $42,871.06, while Ethereum is up 1.62% to $2,357.64. Equity PUT/CALL RATIO Yesterday, 4,388,875 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,591,749 put contracts. The single-session put/call ratio was 0.82. TODAY'S ECONOMIC CALENDAR MBA Mortgage Applications Index 2/3 7:00a.m. Trade Balance Dec. 8:30 a.m. EIA Crude Oil Inventories 2/3 10:30 a.m. EARNINGS EXPECTED TODAY: ARCC, ASGLY, BABA, BG, CG, CMRE, EEFT, EPC, EQNR, GGR, HLT, IX, KMT, RDWR, SVNLY, TGI, TTE, VWDRY, XPO |
