MORNING UPDATE: PriceWatch Alerts for LLY and More... for 2024-03-18 |
| PriceWatch Alerts for LLY, SPOT, SLG, BX, NFLX, NXT, INTU, KKR, RVMD, and CAT. Today's optimal covered call on Eli Lilly and Company has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of LLY stock at $754.17 per share and sell one contract of the Eli Lilly and Company March 28, 2024 755 call for $16.23 for a net debit of $737.94 per share. This trade lasts 10 days, giving it an annualized return rate of 64.9%. 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 2.3%. To enter this trade, buy 100 shares of SPOT stock at $254.89 per share and sell one contract of the Spotify Technology S.A. March 28, 2024 252.5 call for $8.04 for a net debit of $246.84 per share. This trade lasts 10 days, giving it an annualized return rate of 64.3%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on SL Green Realty Corp has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of SLG stock at $50.52 per share and sell one contract of the SL Green Realty Corp April 19, 2024 50 call for $3.42 for a net debit of $47.10 per share. This trade lasts 32 days, giving it an annualized return rate of 64.2%. The risk assessment of this trade is 3 keys (Moderate 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 $124.97 per share and sell one contract of the Blackstone Inc March 28, 2024 125 call for $2.75 for a net debit of $122.22 per share. This trade lasts 10 days, giving it an annualized return rate of 63.9%. 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 2.3%. To enter this trade, buy 100 shares of NFLX stock at $605.88 per share and sell one contract of the Netflix Inc March 28, 2024 605 call for $14.31 for a net debit of $591.57 per share. This trade lasts 10 days, giving it an annualized return rate of 63.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nextracker Inc Cl A has an assigned return rate of 10.7%. To enter this trade, buy 100 shares of NXT stock at $59.49 per share and sell one contract of the Nextracker Inc Cl A May 17, 2024 60 call for $5.29 for a net debit of $54.20 per share. This trade lasts 60 days, giving it an annualized return rate of 62.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Intuit Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of INTU stock at $625.52 per share and sell one contract of the Intuit Inc March 28, 2024 625 call for $13.80 for a net debit of $611.72 per share. This trade lasts 10 days, giving it an annualized return rate of 61.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on KKR & Company LP has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of KKR stock at $96.70 per share and sell one contract of the KKR & Company LP March 28, 2024 96 call for $2.69 for a net debit of $94.01 per share. This trade lasts 10 days, giving it an annualized return rate of 59.4%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Revolution Medicines Inc has an assigned return rate of 5.7%. To enter this trade, buy 100 shares of RVMD stock at $31.83 per share and sell one contract of the Revolution Medicines Inc April 19, 2024 31 call for $2.49 for a net debit of $29.34 per share. This trade lasts 32 days, giving it an annualized return rate of 59.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Caterpillar Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of CAT stock at $346.97 per share and sell one contract of the Caterpillar Inc March 28, 2024 347.5 call for $6.29 for a net debit of $340.68 per share. This trade lasts 10 days, giving it an annualized return rate of 56.2%. 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 Solidion Technology (STI), Brand Engagement Network (BNAI) and Nuvei (NVEI) are moving higher this morning, while Abeona Therapeutics (ABEO), Chijet Motor Co (CJET) and Biophytis (BPTS) are headed lower. C-Com Satellite Systems Inc (CMI), PACCAR Inc (PCAR) and Cardlytics Inc (CDLX) were upgraded. while Futu Holdings Ltd (FUTU), Republic Services Inc (RSG) and Polestar Automotive Holding Uk Plc (PSNY) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 2.67%, the Shanghai SE Composite Index is up 0.54%, the Australia ASX All Ordinaries is up 0.07%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.62%, and the Hang Seng is down 1.42%. In Europe, stocks are up. The Euro Stox 50 is up 0.32%, the DAX is up 0.25%, the FTSE 100 is up 0.23%, and the CAC 40 is up 0.22%. FUTURES & CURRENCIES Energy futures are up today. The price for West Texas Intermediate crude oil is up $0.4 at $81.48 per barrel. Brent crude is up $2.2 at $85.75 per barrel. Natural Gas is up $0.08 at $1.75. Precious metals are mixed this morning. Gold is up $5.4 at $2160.35 per ounce. Platinum is down $12.5 at $926, while silver is flat $0 at $25.19. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, flat against the Yen, and down against the Pound. Bitcoin is up 1.19% to $68,103.46, while Ethereum is down 0.15% to $3,587.96. Equity PUT/CALL RATIO Yesterday, 5,792,263 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,644,803 put contracts. The single-session put/call ratio was 0.8. TODAY'S ECONOMIC CALENDAR NAHB Housing Market Index March 10:00 .m. EARNINGS EXPECTED TODAY: ALPN, AUGX, CMTL, CODA, DLO, ERJ, EYEN, LTRN, NA, NCMI, NIU, OCFT, RCAT, SAIC, SST, ZEPP |
