MORNING UPDATE: PriceWatch Alerts for DKS and More... for 2024-05-08 |
| PriceWatch Alerts for DKS, TECK, CE, AER, ULTA, HEAR, SU, WMT, LOW, and CENX. Today's optimal covered call on Dick's Sporting Goods Inc has an assigned return rate of 4.9%. To enter this trade, buy 100 shares of DKS stock at $202.68 per share and sell one contract of the Dick's Sporting Goods Inc May 31, 2024 200 call for $12.06 for a net debit of $190.62 per share. This trade lasts 23 days, giving it an annualized return rate of 74.8%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Teck Resources Ltd has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of TECK stock at $50.34 per share and sell one contract of the Teck Resources Ltd May 17, 2024 50 call for $1.27 for a net debit of $49.07 per share. This trade lasts 9 days, giving it an annualized return rate of 68.9%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Celanese Corp has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of CE stock at $162.73 per share and sell one contract of the Celanese Corp May 17, 2024 160 call for $5.53 for a net debit of $157.20 per share. This trade lasts 9 days, giving it an annualized return rate of 65.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Aercap Holdings N.V. has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of AER stock at $87.44 per share and sell one contract of the Aercap Holdings N.V. May 17, 2024 87.5 call for $1.46 for a net debit of $85.98 per share. This trade lasts 9 days, giving it an annualized return rate of 64.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Ulta Beauty Inc has an assigned return rate of 4.1%. To enter this trade, buy 100 shares of ULTA stock at $393.67 per share and sell one contract of the Ulta Beauty Inc May 31, 2024 390 call for $18.90 for a net debit of $374.77 per share. This trade lasts 23 days, giving it an annualized return rate of 61.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Turtle Beach Corp has an assigned return rate of 6.9%. To enter this trade, buy 100 shares of HEAR stock at $14.71 per share and sell one contract of the Turtle Beach Corp June 21, 2024 14 call for $1.62 for a net debit of $13.10 per share. This trade lasts 44 days, giving it an annualized return rate of 56.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Suncor Energy Inc has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of SU stock at $38.94 per share and sell one contract of the Suncor Energy Inc May 24, 2024 39 call for $0.93 for a net debit of $38.01 per share. This trade lasts 16 days, giving it an annualized return rate of 55.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Walmart Inc has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of WMT stock at $60.62 per share and sell one contract of the Walmart Inc May 17, 2024 60 call for $1.52 for a net debit of $59.10 per share. This trade lasts 9 days, giving it an annualized return rate of 55.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Lowe's Companies has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of LOW stock at $231.46 per share and sell one contract of the Lowe's Companies May 17, 2024 230 call for $4.81 for a net debit of $226.65 per share. This trade lasts 9 days, giving it an annualized return rate of 53.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Century Aluminum C has an assigned return rate of 6.6%. To enter this trade, buy 100 shares of CENX stock at $17.55 per share and sell one contract of the Century Aluminum C June 21, 2024 17 call for $1.61 for a net debit of $15.94 per share. This trade lasts 44 days, giving it an annualized return rate of 53.9%. 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 iSun (ISUN), Repare Therapeutics (RPTX) and Innodata (INOD) are moving higher this morning, while Treace Medical Concepts (TMCI), DoubleVerify Hldgs (DV) and Cadre Hldgs (CDRE) are headed lower. Confluent Inc (CFLT), Boston Beer Company Inc (SAM) and Orthofix Medical Inc (OFIX) were upgraded. while Zoominfo Technologies Inc (ZI), Treace Medical Concepts Inc (TMCI) and WideOpenWest Inc (WOW) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Shanghai SE Composite Index is up 0.22%, the Australia ASX All Ordinaries is up 0.14%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.52%, the Hang Seng is down 0.53%, and the Nikkei 225 is down 1.63%. In Europe, stocks are up. The CAC 40 is up 0.8%, the Euro Stox 50 is up 0.42%, the DAX is up 0.34%, and the FTSE 100 is up 0.29%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.69 at $77.54 per barrel. Brent crude is up $1.35 at $82.29 per barrel. Natural Gas is up $0.04 at $2.26. Precious metals are mixed this morning. Gold is up $0.39 at $2314.53 per ounce. Platinum is down $7.5 at $973, while silver is down $0.04 at $27.25. 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 2.08% to $62,288.69, while Ethereum is down 2.53% to $2,993.95. Equity PUT/CALL RATIO Yesterday, 3,931,467 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,911,548 put contracts. The single-session put/call ratio was 0.99. TODAY'S ECONOMIC CALENDAR MBA Mortgage Applications 5/4 7:00 a.m. Wholesale Inventories March 10:000 a.m. EIA Crude Oil Inventories 5/4 10:30 a.m. EARNINGS EXPECTED TODAY: ACMR, ATHM, BUD, CLVT, EPC, EYE, FREY, LPX, MPLN, NFE, OPFI, PHAR, RDWR, SATS, TBLA, TIGO, YOU |
