MORNING UPDATE: PriceWatch Alerts for WFRD and More... for 2024-03-07 |
| PriceWatch Alerts for WFRD, FND, MMYT, KLAC, ASML, INSM, NOW, RCL, TOL, and SPOT. Today's optimal covered call on Weatherford International Plc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of WFRD stock at $105.34 per share and sell one contract of the Weatherford International Plc March 15, 2024 105 call for $2.94 for a net debit of $102.40 per share. This trade lasts 8 days, giving it an annualized return rate of 103.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Floor & Decor Holdings Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of FND stock at $125.47 per share and sell one contract of the Floor & Decor Holdings Inc March 15, 2024 125 call for $3.49 for a net debit of $121.98 per share. This trade lasts 8 days, giving it an annualized return rate of 100.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Makemytrip Ltd has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of MMYT stock at $60.45 per share and sell one contract of the Makemytrip Ltd March 15, 2024 60 call for $1.86 for a net debit of $58.58 per share. This trade lasts 8 days, giving it an annualized return rate of 98.0%. 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 $715.46 per share and sell one contract of the K L A-Tencor Corp March 15, 2024 715 call for $17.19 for a net debit of $698.27 per share. This trade lasts 8 days, giving it an annualized return rate of 97.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Asml Holdings NY Reg ADR has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of ASML stock at $1,003.93 per share and sell one contract of the Asml Holdings NY Reg ADR March 15, 2024 1000 call for $26.82 for a net debit of $977.11 per share. This trade lasts 8 days, giving it an annualized return rate of 95.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Insmed Inc has an assigned return rate of 27.8%. To enter this trade, buy 100 shares of INSM stock at $27.99 per share and sell one contract of the Insmed Inc June 21, 2024 25 call for $8.43 for a net debit of $19.56 per share. This trade lasts 106 days, giving it an annualized return rate of 94.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Servicenow Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of NOW stock at $741.06 per share and sell one contract of the Servicenow Inc March 15, 2024 740 call for $17.76 for a net debit of $723.30 per share. This trade lasts 8 days, giving it an annualized return rate of 93.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Royal Caribbean Cruises Ltd has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of RCL stock at $127.00 per share and sell one contract of the Royal Caribbean Cruises Ltd March 15, 2024 127 call for $2.83 for a net debit of $124.17 per share. This trade lasts 8 days, giving it an annualized return rate of 92.5%. 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 2.3%. To enter this trade, buy 100 shares of TOL stock at $118.17 per share and sell one contract of the Toll Brothers Inc March 15, 2024 118 call for $2.78 for a net debit of $115.40 per share. This trade lasts 8 days, giving it an annualized return rate of 91.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Spotify Technology S.A. has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of SPOT stock at $268.03 per share and sell one contract of the Spotify Technology S.A. March 15, 2024 267.5 call for $6.37 for a net debit of $261.66 per share. This trade lasts 8 days, giving it an annualized return rate of 90.5%. 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 CERo Therapeutics Hldgs (CERO), Lytus Technologies Hldgs (LYT) and Brera Holdings (BREA) are moving higher this morning, while Solowin Holdings (SWIN), Avid Bioservices (CDMO) and Victoria's Secret (VSCO) are headed lower. Shake Shack (SHAK), () and () were upgraded. while Advanced Micro Devices (AMD), () and () were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 0.74%, 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 Euro Stox 50 is up 0.37%, the FTSE 100 is up 0.34%, the DAX is up 0.04%, 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 $1.28 at $79.85 per barrel. Brent crude is down $0.75 at $83.36 per barrel. Natural Gas is up $0.02 at $1.97. Precious metals are up this morning. Gold is up $12.5 at $2140.5 per ounce. Platinum is up $20.5 at $904, while silver is up $0.32 at $24.04. 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 0.77% to $66,689.08, while Ethereum is down 1.07% to $3,774.65. Equity PUT/CALL RATIO Yesterday, 3,895,790 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,126,306 put contracts. The single-session put/call ratio was 1.06. TODAY'S ECONOMIC CALENDAR Initial Claims 3/2 8:30 a.m. EARNINGS EXPECTED TODAY: ABM, ALIM, ARBE, ARHS, BIG, BILI, BITF, BJ, BURL, CIEN, CINT, DLTH, NRP, PSFE, QSG, STVN, YMM |
