MORNING UPDATE: PriceWatch Alerts for SHAK and More... for 2024-03-06 |
| PriceWatch Alerts for SHAK, UBER, EAT, KLAC, BX, PCOR, RCL, GDDY, ENTG, and PHM. Today's optimal covered call on Shake Shack Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of SHAK stock at $100.19 per share and sell one contract of the Shake Shack Inc March 15, 2024 100 call for $2.63 for a net debit of $97.56 per share. This trade lasts 9 days, giving it an annualized return rate of 91.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Uber Technologies Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of UBER stock at $79.09 per share and sell one contract of the Uber Technologies Inc March 15, 2024 79 call for $2.00 for a net debit of $77.09 per share. This trade lasts 9 days, giving it an annualized return rate of 90.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Brinker International has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of EAT stock at $47.68 per share and sell one contract of the Brinker International March 15, 2024 47.5 call for $1.31 for a net debit of $46.36 per share. This trade lasts 9 days, giving it an annualized return rate of 89.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on K L A-Tencor Corp has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of KLAC stock at $705.87 per share and sell one contract of the K L A-Tencor Corp March 15, 2024 705 call for $17.41 for a net debit of $688.46 per share. This trade lasts 9 days, giving it an annualized return rate of 87.7%. 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 2.4%. To enter this trade, buy 100 shares of BX stock at $124.82 per share and sell one contract of the Blackstone Inc March 15, 2024 125 call for $2.74 for a net debit of $122.08 per share. This trade lasts 9 days, giving it an annualized return rate of 87.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Procore Technologies Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of PCOR stock at $75.25 per share and sell one contract of the Procore Technologies Inc March 15, 2024 75 call for $2.00 for a net debit of $73.26 per share. This trade lasts 9 days, giving it an annualized return rate of 86.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Royal Caribbean Cruises Ltd has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of RCL stock at $126.10 per share and sell one contract of the Royal Caribbean Cruises Ltd March 15, 2024 126 call for $3.02 for a net debit of $123.08 per share. This trade lasts 9 days, giving it an annualized return rate of 86.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Godaddy Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of GDDY stock at $108.96 per share and sell one contract of the Godaddy Inc March 15, 2024 108 call for $3.45 for a net debit of $105.51 per share. This trade lasts 9 days, giving it an annualized return rate of 86.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Entegris Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of ENTG stock at $135.63 per share and sell one contract of the Entegris Inc March 15, 2024 135 call for $3.73 for a net debit of $131.90 per share. This trade lasts 9 days, giving it an annualized return rate of 85.8%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Pultegroup has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of PHM stock at $110.45 per share and sell one contract of the Pultegroup March 15, 2024 110 call for $2.92 for a net debit of $107.53 per share. This trade lasts 9 days, giving it an annualized return rate of 83.8%. 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 CrowdStrike Holdings Inc. Cl A (CRWD), SentinelOne Inc. (S) and Equinix Inc. (EQIX) are moving higher this morning, while Nordstrom Inc. (JWN), Ross Stores Inc. (ROST) and New Fortress Energy LLC Cl A (NFE) are headed lower. Target (TGT), Progressive (PGR) and Honeywell Intl (HON) were upgraded. while (), () and () were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 0.68%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.53%, the Australia ASX All Ordinaries is up 0.06%, the Shanghai SE Composite Index is down 0.16%, and the Hang Seng is down 0.83%. In Europe, stocks are up. The FTSE 100 is up 0.34%, the Euro Stox 50 is up 0.33%, the DAX is up 0.05%, and the CAC 40 is up 0.03%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.56 at $78.95 per barrel. Brent crude is down $0.75 at $82.64 per barrel. Natural Gas is down $0.01 at $1.94. Precious metals are mixed this morning. Gold is up $0.05 at $2128.05 per ounce. Platinum is up $6.5 at $890, while silver is down $0.01 at $23.71. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen, and down against the Pound. Bitcoin is up 4.23% to $65,033.21, while Ethereum is up 1.82% to $3,505.84. Equity PUT/CALL RATIO Yesterday, 4,359,109 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,525,333 put contracts. The single-session put/call ratio was 1.04. TODAY'S ECONOMIC CALENDAR JOLTS Job Openings Jan. 10:00 a.m. EIA Crude Oil Inventories 3/2 10:30 a.m. EARNINGS EXPECTED TODAY: BRY, CPB, EVGO, EWCZ, FL, GENI, HIPO, JD, KFY, KMDA, NEXN, NSPR, REVG, SGHC, THO, UNFI, VBNK, XERS, YSG |
