MORNING UPDATE: PriceWatch Alerts for MPC and More... for 2024-04-04 |
| PriceWatch Alerts for MPC, LQDA, LLY, NXPI, X, FND, NVO, PHM, UBER, and KKR. Today's optimal covered call on Marathon Petroleum Corp has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of MPC stock at $214.96 per share and sell one contract of the Marathon Petroleum Corp April 12, 2024 215 call for $3.97 for a net debit of $210.99 per share. This trade lasts 8 days, giving it an annualized return rate of 77.1%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Liquidia Corp has an assigned return rate of 8.9%. To enter this trade, buy 100 shares of LQDA stock at $15.35 per share and sell one contract of the Liquidia Corp May 17, 2024 15 call for $1.57 for a net debit of $13.78 per share. This trade lasts 43 days, giving it an annualized return rate of 73.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Eli Lilly and Company has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of LLY stock at $775.99 per share and sell one contract of the Eli Lilly and Company April 12, 2024 775 call for $14.64 for a net debit of $761.36 per share. This trade lasts 8 days, giving it an annualized return rate of 72.7%. 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 1.8%. To enter this trade, buy 100 shares of NXPI stock at $243.88 per share and sell one contract of the Nxp Semiconductors April 12, 2024 242.5 call for $5.64 for a net debit of $238.24 per share. This trade lasts 8 days, giving it an annualized return rate of 72.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on United States Steel Corp has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of X stock at $41.88 per share and sell one contract of the United States Steel Corp April 19, 2024 41.5 call for $1.66 for a net debit of $40.22 per share. This trade lasts 15 days, giving it an annualized return rate of 72.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Floor & Decor Holdings Inc has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of FND stock at $121.06 per share and sell one contract of the Floor & Decor Holdings Inc April 19, 2024 120 call for $4.73 for a net debit of $116.33 per share. This trade lasts 15 days, giving it an annualized return rate of 72.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Novo Nordisk A/S ADR has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of NVO stock at $126.99 per share and sell one contract of the Novo Nordisk A/S ADR April 12, 2024 127 call for $2.20 for a net debit of $124.79 per share. This trade lasts 8 days, giving it an annualized return rate of 72.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Pultegroup has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of PHM stock at $115.62 per share and sell one contract of the Pultegroup April 12, 2024 115 call for $2.62 for a net debit of $113.00 per share. This trade lasts 8 days, giving it an annualized return rate of 71.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Uber Technologies Inc has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of UBER stock at $76.81 per share and sell one contract of the Uber Technologies Inc April 19, 2024 77 call for $2.15 for a net debit of $74.66 per share. This trade lasts 15 days, giving it an annualized return rate of 71.6%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on KKR & Company LP has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of KKR stock at $99.55 per share and sell one contract of the KKR & Company LP April 12, 2024 99 call for $2.26 for a net debit of $97.28 per share. This trade lasts 8 days, giving it an annualized return rate of 71.5%. 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 Tevogen Bio Holdings (TVGN), HWH International (HWH) and ZHONGCHAO (ZCMD) are moving higher this morning, while View (VIEW), Flora Growth (FLGC) and Globavend Holdings (GVH) are headed lower. Eversource Energy (ES), Capital One Financial Corp. (COF) and Avis Budget Group Inc (CAR) were upgraded. while Hertz Global Holdings Inc (HTZ), Celanese Corporation (CE) and Chubb Ltd (CB) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 0.81%, the Australia ASX All Ordinaries is up 0.45%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.04%, the Shanghai SE Composite Index is down 0.08%, and the Hang Seng is down 1.22%. In Europe, stocks are up. The FTSE 100 is up 0.44%, the DAX is up 0.18%, the Euro Stox 50 is up 0.03%, and the CAC 40 is up 0.01%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.23 at $85.4 per barrel. Brent crude is up $1.5 at $89.33 per barrel. Natural Gas is down $0.01 at $1.83. Precious metals are mixed this morning. Gold is down $6.09 at $2293.53 per ounce. Platinum is up $9 at $944.5, while silver is down $0.23 at $27.01. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen, and down against the Pound. Bitcoin is up 1% to $66,368.25, while Ethereum is up 0.6% to $3,344.88. Equity PUT/CALL RATIO Yesterday, 3,462,217 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,675,182 put contracts. The single-session put/call ratio was 1.06. TODAY'S ECONOMIC CALENDAR Initial Claims 3/30 8:30 a.m. EARNINGS EXPECTED TODAY: ANGO, CAG, CLGN, GNFT, KRUS, LNN, LW, RDUS, RELI, RPM, SMPL |
