MORNING UPDATE: PriceWatch Alerts for LUV and More... for 2024-03-12 |
| PriceWatch Alerts for LUV, LLY, TOL, SPOT, RCL, NVO, APO, BX, QCOM, and NFLX. Today's optimal covered call on Southwest Airlines Company has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of LUV stock at $33.78 per share and sell one contract of the Southwest Airlines Company March 22, 2024 33.5 call for $1.10 for a net debit of $32.68 per share. This trade lasts 10 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 Eli Lilly and Company has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of LLY stock at $734.37 per share and sell one contract of the Eli Lilly and Company March 22, 2024 735 call for $17.16 for a net debit of $717.21 per share. This trade lasts 10 days, giving it an annualized return rate of 82.3%. 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 2.4%. To enter this trade, buy 100 shares of TOL stock at $119.30 per share and sell one contract of the Toll Brothers Inc March 22, 2024 119 call for $3.12 for a net debit of $116.18 per share. This trade lasts 10 days, giving it an annualized return rate of 80.5%. 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 2.4%. To enter this trade, buy 100 shares of SPOT stock at $254.45 per share and sell one contract of the Spotify Technology S.A. March 22, 2024 252.5 call for $7.92 for a net debit of $246.52 per share. This trade lasts 10 days, giving it an annualized return rate of 80.4%. 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 $127.80 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 $124.08 per share. This trade lasts 10 days, giving it an annualized return rate of 78.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of NVO stock at $131.24 per share and sell one contract of the Novo Nordisk A/S ADR March 22, 2024 131 call for $3.22 for a net debit of $128.03 per share. This trade lasts 10 days, giving it an annualized return rate of 77.1%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Apollo Asset Management Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of APO stock at $108.76 per share and sell one contract of the Apollo Asset Management Inc March 22, 2024 109 call for $2.22 for a net debit of $106.54 per share. This trade lasts 10 days, giving it an annualized return rate of 76.6%. 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 2.3%. To enter this trade, buy 100 shares of BX stock at $124.57 per share and sell one contract of the Blackstone Inc March 22, 2024 124 call for $3.36 for a net debit of $121.20 per share. This trade lasts 10 days, giving it an annualized return rate of 76.5%. 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 2.2%. To enter this trade, buy 100 shares of QCOM stock at $171.14 per share and sell one contract of the Qualcomm Inc March 22, 2024 170 call for $4.87 for a net debit of $166.26 per share. This trade lasts 10 days, giving it an annualized return rate of 74.5%. 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 2.2%. To enter this trade, buy 100 shares of NFLX stock at $600.93 per share and sell one contract of the Netflix Inc March 22, 2024 600 call for $14.04 for a net debit of $586.88 per share. This trade lasts 10 days, giving it an annualized return rate of 74.2%. 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 ClearOne (CLRO), Singularity Future Tech (SGLY) and Regulus Therapeutics (RGLS) are moving higher this morning, while Renalytix (RNLX), CytomX Therapeutics (CTMX) and Power & Digital (XPDB) are headed lower. AnaptysBio Inc (ANAB), Ameresco Inc (AMRC) and NCR Corp (VYX) were upgraded. while ACADIA Pharmaceuticals Inc (ACAD), Alpha Teknova Inc (TKNO) and Sonendo Inc (SONX) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 3.05%, the Nikkei 225 is up 0.51%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.01%, the Australia ASX All Ordinaries is down 0.05%, and the Shanghai SE Composite Index is down 0.05%. In Europe, stocks are up. The FTSE 100 is up 1.16%, the DAX is up 0.32%, the Euro Stox 50 is up 0.12%, 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 $0.01 at $78.09 per barrel. Brent crude is down $0.75 at $82.46 per barrel. Natural Gas is up $0.04 at $1.79. Precious metals are down this morning. Gold is down $7.95 at $2173.3 per ounce. Platinum is down $9 at $930, while silver is down $0.11 at $24.38. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and up against the Pound. Bitcoin is up 0.59% to $72,131.72, while Ethereum is down 0.15% to $4,020.65. Equity PUT/CALL RATIO Yesterday, 3,864,145 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,983,767 put contracts. The single-session put/call ratio was 1.03. TODAY'S ECONOMIC CALENDAR Consumer Price Index Feb. 8:30 a.m. EARNINGS EXPECTED TODAY: ADM, BTAI, BVS, BZ, HGTY, IGT, IHS, KSS, LCUT, MANU, MNSO, NOTE, ONON, PRTH, PWFL, REFI, RERE, SLN, TUP |
