MORNING UPDATE: PriceWatch Alerts for CRH and More... for 2024-05-06 |
| PriceWatch Alerts for CRH, SM, TECK, LFMD, DKS, SU, CE, WSM, ACVA, and ULTA. Today's optimal covered call on CRH Plc ADR has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of CRH stock at $80.44 per share and sell one contract of the CRH Plc ADR May 17, 2024 80 call for $2.43 for a net debit of $78.02 per share. This trade lasts 11 days, giving it an annualized return rate of 66.3%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Sm Energy Company has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of SM stock at $50.13 per share and sell one contract of the Sm Energy Company May 17, 2024 50 call for $1.36 for a net debit of $48.76 per share. This trade lasts 11 days, giving it an annualized return rate of 66.0%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Teck Resources Ltd has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of TECK stock at $49.29 per share and sell one contract of the Teck Resources Ltd May 17, 2024 49 call for $1.44 for a net debit of $47.85 per share. This trade lasts 11 days, giving it an annualized return rate of 62.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Lifemd Inc has an assigned return rate of 18.0%. To enter this trade, buy 100 shares of LFMD stock at $12.51 per share and sell one contract of the Lifemd Inc August 16, 2024 12.5 call for $1.92 for a net debit of $10.59 per share. This trade lasts 102 days, giving it an annualized return rate of 62.7%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Dick's Sporting Goods Inc has an assigned return rate of 4.8%. To enter this trade, buy 100 shares of DKS stock at $202.74 per share and sell one contract of the Dick's Sporting Goods Inc May 31, 2024 200 call for $11.87 for a net debit of $190.87 per share. This trade lasts 25 days, giving it an annualized return rate of 62.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Suncor Energy Inc has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of SU stock at $38.24 per share and sell one contract of the Suncor Energy Inc May 17, 2024 38 call for $1.07 for a net debit of $37.17 per share. This trade lasts 11 days, giving it an annualized return rate of 58.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Celanese Corp has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of CE stock at $157.17 per share and sell one contract of the Celanese Corp May 17, 2024 155 call for $5.45 for a net debit of $151.72 per share. This trade lasts 11 days, giving it an annualized return rate of 56.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Williams-Sonoma has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of WSM stock at $304.70 per share and sell one contract of the Williams-Sonoma May 17, 2024 300 call for $10.75 for a net debit of $293.95 per share. This trade lasts 11 days, giving it an annualized return rate of 53.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Acv Auctions Inc Cl A has an assigned return rate of 7.2%. To enter this trade, buy 100 shares of ACVA stock at $17.81 per share and sell one contract of the Acv Auctions Inc Cl A June 21, 2024 17.5 call for $1.48 for a net debit of $16.33 per share. This trade lasts 46 days, giving it an annualized return rate of 53.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ulta Beauty Inc has an assigned return rate of 4.0%. To enter this trade, buy 100 shares of ULTA stock at $397.39 per share and sell one contract of the Ulta Beauty Inc May 31, 2024 390 call for $22.32 for a net debit of $375.07 per share. This trade lasts 25 days, giving it an annualized return rate of 51.9%. 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 XBP Europe Holdings (XBP), Perficient (PRFT) and Strong Global (SGE) are moving higher this morning, while GlycoMimetics (GLYC), India Fund, Inc. (The) Rights (expiring May 14, 2024) Rights (IFNr) and Acutus Medical (AFIB) are headed lower. Camden Property Trust (CPT), United States Steel Corporation (X) and Wolverine World Wide, Inc. (WWW) were upgraded. while Uniti Group Inc (UNIT), Victoria's Secret & Co (VSCO) and Ryan Specialty Holdings Inc (RYAN) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Hang Seng is up 1.48%, the Australia ASX All Ordinaries is up 0.7%, the Nikkei 225 is down 0.1%, the Shanghai SE Composite Index is down 0.26%, and the Mumbai Sensex (S&P BSE SENSEX) is down 0.98%. In Europe, stocks are up. The DAX is up 0.99%, the Euro Stox 50 is up 0.95%, the CAC 40 is up 0.93%, and the FTSE 100 is up 0.51%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.83 at $78.85 per barrel. Brent crude is down $0.1 at $83.61 per barrel. Natural Gas is up $0.04 at $2.19. Precious metals are up this morning. Gold is up $13.47 at $2315.97 per ounce. Platinum is up $6 at $964.5, while silver is up $0.51 at $27.07. 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 0.93% to $64,276.16, while Ethereum is up 0.83% to $3,158.71. Equity PUT/CALL RATIO Yesterday, 4,989,217 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,694,899 put contracts. The single-session put/call ratio was 0.94. TODAY'S ECONOMIC CALENDAR Nothing Scheduled EARNINGS EXPECTED TODAY: ADCT, AESI, AMG, AMR, AXSM, BCRX, BNTX, CLDT, CNA, FRPT, IART, JLL, L, NSSC, NWN, PRFT, SAVE, SHO, THS, TSN |
