MORNING UPDATE: PriceWatch Alerts for CARG and More... for 2024-04-16 |
| PriceWatch Alerts for CARG, ORCL, DKS, BROS, SQSP, FANG, EBAY, MRO, FLR, and CEG. Today's optimal covered call on Cargurus Inc Cl A has an assigned return rate of 6.0%. To enter this trade, buy 100 shares of CARG stock at $21.68 per share and sell one contract of the Cargurus Inc Cl A May 17, 2024 21 call for $1.86 for a net debit of $19.82 per share. This trade lasts 31 days, giving it an annualized return rate of 67.9%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Oracle Corp has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of ORCL stock at $119.88 per share and sell one contract of the Oracle Corp April 26, 2024 120 call for $2.26 for a net debit of $117.62 per share. This trade lasts 10 days, giving it an annualized return rate of 67.0%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Dick's Sporting Goods Inc has an assigned return rate of 2.0%. To enter this trade, buy 100 shares of DKS stock at $198.53 per share and sell one contract of the Dick's Sporting Goods Inc April 26, 2024 197.5 call for $4.93 for a net debit of $193.60 per share. This trade lasts 10 days, giving it an annualized return rate of 66.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Dutch Bros Inc Cl A has an assigned return rate of 5.7%. To enter this trade, buy 100 shares of BROS stock at $31.85 per share and sell one contract of the Dutch Bros Inc Cl A May 17, 2024 31 call for $2.52 for a net debit of $29.34 per share. This trade lasts 31 days, giving it an annualized return rate of 64.7%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Squarespace Inc Cl A has an assigned return rate of 5.6%. To enter this trade, buy 100 shares of SQSP stock at $35.22 per share and sell one contract of the Squarespace Inc Cl A May 17, 2024 35 call for $2.09 for a net debit of $33.13 per share. This trade lasts 31 days, giving it an annualized return rate of 64.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Diamondback Energy has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of FANG stock at $205.35 per share and sell one contract of the Diamondback Energy April 26, 2024 205 call for $4.22 for a net debit of $201.13 per share. This trade lasts 10 days, giving it an annualized return rate of 63.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Ebay Inc has an assigned return rate of 3.1%. To enter this trade, buy 100 shares of EBAY stock at $50.89 per share and sell one contract of the Ebay Inc May 03, 2024 50 call for $2.38 for a net debit of $48.51 per share. This trade lasts 17 days, giving it an annualized return rate of 62.2%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Marathon Oil Corp has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of MRO stock at $28.77 per share and sell one contract of the Marathon Oil Corp May 03, 2024 28.5 call for $1.10 for a net debit of $27.66 per share. This trade lasts 17 days, giving it an annualized return rate of 61.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Fluor Corp has an assigned return rate of 5.4%. To enter this trade, buy 100 shares of FLR stock at $40.38 per share and sell one contract of the Fluor Corp May 17, 2024 40 call for $2.42 for a net debit of $37.97 per share. This trade lasts 31 days, giving it an annualized return rate of 61.1%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Constellation Energy Corp has an assigned return rate of 5.3%. To enter this trade, buy 100 shares of CEG stock at $185.40 per share and sell one contract of the Constellation Energy Corp May 17, 2024 185 call for $9.75 for a net debit of $175.65 per share. This trade lasts 31 days, giving it an annualized return rate of 60.7%. The risk assessment of this trade is 3 keys (Moderate 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)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. 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STOCKS ON THE MOVE Dynatronics (DYNT), WiSA Technologies (WISA) and Dragonfly Energy Hldgs (DFLI) are moving higher this morning, while Ryvyl (RVYL), Inovio Pharmaceuticals (INO) and Dermata Therapeutics (DRMA) are headed lower. Tyson Foods Inc (TSN), TD Synnex Corp (SNX) and Rivian Automotive Inc (RIVN) were upgraded. while Pilgrims Pride Corp (PPC), ArcelorMittal SA (MT) and Marinus Pharmaceuticals Inc (MRNS) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 1.26%, the Hang Seng is down 0.72%, the Mumbai Sensex (S&P BSE SENSEX) is down 1.14%, the Australia ASX All Ordinaries is down 1.81%, and the Nikkei 225 is down 1.94%. Stocks in Europe are down. The FTSE 100 is down 1.31%, the CAC 40 is down 1.02%, the Euro Stox 50 is down 1%, and the DAX is down 0.91%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.83 at $84.86 per barrel. Brent crude is up $0.2 at $89.58 per barrel. Natural Gas is flat $0 at $1.69. Precious metals are mixed this morning. Gold is down $8.29 at $2374.57 per ounce. Platinum is flat $0 at $967.5, while silver is down $0.62 at $28.29. 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 down 5.61% to $62,738.79, while Ethereum is down 6.03% to $3,063.53. Equity PUT/CALL RATIO Yesterday, 5,374,704 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,952,028 put contracts. The single-session put/call ratio was 0.92. TODAY'S ECONOMIC CALENDAR Housing Starts March 8:30 a.m. Building Permits March 8:30 a.m. Industrial Production March 9:15 a.m. EARNINGS EXPECTED TODAY: AMX, BAC, BK, CBSH, ERIC, GAME, HWC, IBKR, JBHT, JNJ, MBWM, MS, NTRS, OMC, PNC, UAL, UNH |
