MORNING UPDATE: PriceWatch Alerts for GGAL and More... for 2024-03-21 |
| PriceWatch Alerts for GGAL, RVMD, CNC, LLY, SPOT, QCOM, APP, TOL, NXPI, and MRK. Today's optimal covered call on Grupo Fin Galicia ADR has an assigned return rate of 6.5%. To enter this trade, buy 100 shares of GGAL stock at $25.34 per share and sell one contract of the Grupo Fin Galicia ADR April 19, 2024 25 call for $1.86 for a net debit of $23.48 per share. This trade lasts 29 days, giving it an annualized return rate of 79.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Revolution Medicines Inc has an assigned return rate of 6.4%. To enter this trade, buy 100 shares of RVMD stock at $31.12 per share and sell one contract of the Revolution Medicines Inc April 19, 2024 31 call for $2.00 for a net debit of $29.12 per share. This trade lasts 29 days, giving it an annualized return rate of 78.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Centene Corp has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of CNC stock at $77.88 per share and sell one contract of the Centene Corp March 28, 2024 77 call for $2.17 for a net debit of $75.71 per share. This trade lasts 7 days, giving it an annualized return rate of 77.4%. 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 1.7%. To enter this trade, buy 100 shares of LLY stock at $772.86 per share and sell one contract of the Eli Lilly and Company March 28, 2024 772.5 call for $13.22 for a net debit of $759.64 per share. This trade lasts 7 days, giving it an annualized return rate of 77.3%. 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 1.7%. To enter this trade, buy 100 shares of SPOT stock at $261.72 per share and sell one contract of the Spotify Technology S.A. March 28, 2024 260 call for $6.02 for a net debit of $255.70 per share. This trade lasts 7 days, giving it an annualized return rate of 76.8%. 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 1.7%. To enter this trade, buy 100 shares of QCOM stock at $167.67 per share and sell one contract of the Qualcomm Inc March 28, 2024 167.5 call for $2.92 for a net debit of $164.76 per share. This trade lasts 7 days, giving it an annualized return rate of 76.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Applovin Corp Cl A has an assigned return rate of 12.0%. To enter this trade, buy 100 shares of APP stock at $70.52 per share and sell one contract of the Applovin Corp Cl A May 17, 2024 70 call for $8.03 for a net debit of $62.49 per share. This trade lasts 57 days, giving it an annualized return rate of 75.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Toll Brothers Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of TOL stock at $123.66 per share and sell one contract of the Toll Brothers Inc March 28, 2024 123 call for $2.67 for a net debit of $121.00 per share. This trade lasts 7 days, giving it an annualized return rate of 75.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Nxp Semiconductors has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of NXPI stock at $241.27 per share and sell one contract of the Nxp Semiconductors March 28, 2024 240 call for $5.13 for a net debit of $236.14 per share. This trade lasts 7 days, giving it an annualized return rate of 74.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Merck & Company has an assigned return rate of 1.6%. To enter this trade, buy 100 shares of MRK stock at $123.85 per share and sell one contract of the Merck & Company March 28, 2024 123 call for $2.82 for a net debit of $121.03 per share. This trade lasts 7 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 Kaival Brands Innovations (KAVL), Asset Entities (ASST) and Lufax Holding (LU) are moving higher this morning, while Movella Holdings (MVLA), SPDR Portfolio Mortgage Backed Bond ETF (SPMB) and Tourmaline Bio (TRML) are headed lower. YPF SA (YPF), Warner Bros Discovery Inc (WBD) and Revolve Group Inc (RVLV) were upgraded. while Centene Corp (CNC) was downgraded. INTERNATIONAL MARKETS Stocks in Asia are up. The Nikkei 225 is up 2.03%, the Australia ASX All Ordinaries is up 1.12%, the Shanghai SE Composite Index is up 0.55%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.12%, and the Hang Seng is up 0.08%. In Europe, stocks are mixed. The FTSE 100 is up 1.51%, the Euro Stox 50 is up 0.66%, the DAX is up 0.42%, and the CAC 40 is down 0.03%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.57 at $80.9 per barrel. Brent crude is up $2.75 at $85.58 per barrel. Natural Gas is down $0.02 at $1.68. Precious metals are mixed this morning. Gold is up $6.08 at $2208.28 per ounce. Platinum is up $2 at $917, while silver is down $0.2 at $25.46. The dollar is mixed compared to the major currencies today. The greenback is up against the euro, down against the Yen, and up against the Pound. Bitcoin is up 5.83% to $66,871.48, while Ethereum is up 8.85% to $3,536.67. Equity PUT/CALL RATIO Yesterday, 3,915,888 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,826,754 put contracts. The single-session put/call ratio was 0.98. TODAY'S ECONOMIC CALENDAR Initial Claims 3/16 8:30 a.m. Existing Home Sales Feb. 10:00 a.m. EARNINGS EXPECTED TODAY: ACN, ALUR, APYX, BZUN, CMC, DBI, DRI, DXLG, EXAI, FENC, IPHA, SCVL, SNDL, TITN, XFOR, YI, YRD |
