MORNING UPDATE: PriceWatch Alerts for NVO and More... for 2024-03-11 |
| PriceWatch Alerts for NVO, QCOM, BX, RCL, LUV, SPOT, LLY, RARE, SHAK, and NFLX. Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of NVO stock at $133.07 per share and sell one contract of the Novo Nordisk A/S ADR March 22, 2024 133 call for $3.57 for a net debit of $129.50 per share. This trade lasts 11 days, giving it an annualized return rate of 70.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Qualcomm Inc has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of QCOM stock at $170.57 per share and sell one contract of the Qualcomm Inc March 22, 2024 170 call for $5.00 for a net debit of $165.58 per share. This trade lasts 11 days, giving it an annualized return rate of 69.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Blackstone Inc has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of BX stock at $125.99 per share and sell one contract of the Blackstone Inc March 22, 2024 126 call for $3.22 for a net debit of $122.78 per share. This trade lasts 11 days, giving it an annualized return rate of 68.5%. 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 2.6%. To enter this trade, buy 100 shares of RCL stock at $127.47 per share and sell one contract of the Royal Caribbean Cruises Ltd March 22, 2024 127 call for $3.72 for a net debit of $123.75 per share. This trade lasts 11 days, giving it an annualized return rate of 68.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Southwest Airlines Company has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of LUV stock at $34.26 per share and sell one contract of the Southwest Airlines Company March 22, 2024 34 call for $1.13 for a net debit of $33.13 per share. This trade lasts 11 days, giving it an annualized return rate of 68.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Spotify Technology S.A. has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of SPOT stock at $259.40 per share and sell one contract of the Spotify Technology S.A. March 22, 2024 257.5 call for $8.43 for a net debit of $250.97 per share. This trade lasts 11 days, giving it an annualized return rate of 67.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Eli Lilly and Company has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of LLY stock at $762.14 per share and sell one contract of the Eli Lilly and Company March 22, 2024 762.5 call for $18.56 for a net debit of $743.58 per share. This trade lasts 11 days, giving it an annualized return rate of 66.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Ultragenyx Pharmaceu has an assigned return rate of 7.4%. To enter this trade, buy 100 shares of RARE stock at $50.53 per share and sell one contract of the Ultragenyx Pharmaceu April 19, 2024 50 call for $3.97 for a net debit of $46.56 per share. This trade lasts 39 days, giving it an annualized return rate of 64.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Shake Shack Inc has an assigned return rate of 3.5%. To enter this trade, buy 100 shares of SHAK stock at $103.63 per share and sell one contract of the Shake Shack Inc March 28, 2024 103 call for $4.13 for a net debit of $99.50 per share. This trade lasts 17 days, giving it an annualized return rate of 64.2%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Netflix Inc has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of NFLX stock at $604.82 per share and sell one contract of the Netflix Inc March 22, 2024 605 call for $14.20 for a net debit of $590.62 per share. This trade lasts 11 days, giving it an annualized return rate of 63.5%. 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 Kidpik (PIK), Fangdd Network Group (DUO) and L S Starrett (SCX) are moving higher this morning, while Ainos (AIMD), CERo Therapeutics Hldgs (CERO) and Lytus Technologies Hldgs (LYT) are headed lower. Choice Hotels International Inc (CHH), Xcel Energy Inc (XEL) and STAAR Surgical Co (STAA) were upgraded. while Petroleo Brasileiro ADR Reptg 2 Ord Shs (PBR), Light & Wonder Inc (LNW) and Hyatt Hotels Corporation (H) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.43%, the Shanghai SE Composite Index is up 1%, the Nikkei 225 is down 0.54%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.72%, and the Australia ASX All Ordinaries is down 2.11%. In Europe, stocks are mixed. The CAC 40 is up 0.03%, the FTSE 100 is down 0.46%, the DAX is down 0.52%, and the Euro Stox 50 is down 0.61%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.17 at $77.81 per barrel. Brent crude is flat $0 at $81.88 per barrel. Natural Gas is down $0.02 at $1.79. Precious metals are mixed this morning. Gold is down $1.28 at $2176.93 per ounce. Platinum is up $10 at $925, while silver is down $0.05 at $24.3. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, down against the Yen, and up against the Pound. Bitcoin is up 2.85% to $71,780.77, while Ethereum is up 1.89% to $4,023.26. Equity PUT/CALL RATIO Yesterday, 5,650,042 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 5,179,816 put contracts. The single-session put/call ratio was 0.92. TODAY'S ECONOMIC CALENDAR Nothing Scheduled EARNINGS EXPECTED TODAY: ALTO, ASAN, ASRT, BLDP, BWMN, CVGW, ELTK, EXK, FTRE, GNE, HRTG, LEGN, LFMD, MRCC, NPWR, OCUL, OSG, PACK, SILV, TKNO |
