MORNING UPDATE: PriceWatch Alerts for DHI and More... for 2024-02-29 |
| PriceWatch Alerts for DHI, STX, META, OMI, APO, LRCX, APP, ASML, URI, and TOL. Today's optimal covered call on D.R. Horton has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of DHI stock at $145.98 per share and sell one contract of the D.R. Horton March 08, 2024 146 call for $2.92 for a net debit of $143.06 per share. This trade lasts 8 days, giving it an annualized return rate of 83.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Seagate Technology Hldgs Plc has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of STX stock at $91.61 per share and sell one contract of the Seagate Technology Hldgs Plc March 08, 2024 91 call for $2.44 for a net debit of $89.17 per share. This trade lasts 8 days, giving it an annualized return rate of 83.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Meta Platforms Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of META stock at $484.02 per share and sell one contract of the Meta Platforms Inc March 08, 2024 485 call for $8.72 for a net debit of $475.30 per share. This trade lasts 8 days, giving it an annualized return rate of 82.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Owens & Minor has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of OMI stock at $25.04 per share and sell one contract of the Owens & Minor March 15, 2024 25 call for $0.91 for a net debit of $24.12 per share. This trade lasts 15 days, giving it an annualized return rate of 82.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Apollo Asset Management Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of APO stock at $111.79 per share and sell one contract of the Apollo Asset Management Inc March 08, 2024 112 call for $2.02 for a net debit of $109.76 per share. This trade lasts 8 days, giving it an annualized return rate of 82.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Lam Research Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of LRCX stock at $922.67 per share and sell one contract of the Lam Research Corp March 08, 2024 920 call for $21.00 for a net debit of $901.66 per share. This trade lasts 8 days, giving it an annualized return rate of 82.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Applovin Corp Cl A has an assigned return rate of 3.6%. To enter this trade, buy 100 shares of APP stock at $58.01 per share and sell one contract of the Applovin Corp Cl A March 15, 2024 57.5 call for $2.52 for a net debit of $55.50 per share. This trade lasts 15 days, giving it an annualized return rate of 82.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Asml Holdings NY Reg ADR has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of ASML stock at $939.50 per share and sell one contract of the Asml Holdings NY Reg ADR March 08, 2024 940 call for $18.18 for a net debit of $921.32 per share. This trade lasts 8 days, giving it an annualized return rate of 82.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on United Rentals has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of URI stock at $686.19 per share and sell one contract of the United Rentals March 08, 2024 685 call for $14.70 for a net debit of $671.49 per share. This trade lasts 8 days, giving it an annualized return rate of 81.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Toll Brothers Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of TOL stock at $112.17 per share and sell one contract of the Toll Brothers Inc March 08, 2024 112 call for $2.37 for a net debit of $109.80 per share. This trade lasts 8 days, giving it an annualized return rate of 81.1%. 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 Coupang Inc. (CPNG), EMCOR Group Inc. (EME) and First Solar Inc. (FSLR) are moving higher this morning, while Masimo Corp. (MASI), Boston Beer Co. Cl A (SAM) and DoubleVerify Holdings Inc. (DV) are headed lower. (), () and () were upgraded. while (), () and () were downgraded. INTERNATIONAL MARKETS Stocks in Asia are down. The Shanghai SE Composite Index is down 1.93%, the Mumbai Sensex (S&P BSE SENSEX) is down 1.11%, the Hang Seng is down 0.83%, the Australia ASX All Ordinaries is down 0.25%, and the Nikkei 225 is up 0.08%. In Europe, stocks are mixed. The DAX is up 0.15%, the CAC 40 is up 0.03%, the Euro Stox 50 is down 0.12%, and the FTSE 100 is down 0.69%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.81 at $79.15 per barrel. Brent crude is up $0.35 at $83.94 per barrel. Natural Gas is up $0.15 at $1.87. Precious metals are mixed this morning. Gold is up $3.72 at $2034.26 per ounce. Platinum is down $13 at $880, while silver is down $0.02 at $22.44. 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 4.43% to $62,587.36, while Ethereum is up 3.95% to $3,468.67. Equity PUT/CALL RATIO Yesterday, 3,721,111 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,246,773 put contracts. The single-session put/call ratio was 0.87. TODAY'S ECONOMIC CALENDAR Initial Claims 2/24 8:30 a.m. Personal Income/Spending Jan. 8:30 a.m. PCE Prices Jan. 8:30 a.m. EARNINGS EXPECTED TODAY: ACIW, ARGX, BBWI, BIRK, CM, CNQ, DAO, DDL, DOLE, EXLS, FA, FREY, FRO, GLNG, HLN, IH, NBBK, NTES, VRNA, XRAY |
