MORNING UPDATE: PriceWatch Alerts for TECK and More... for 2024-05-24 |
| PriceWatch Alerts for TECK, VIST, FANG, NRG, TDW, CEG, A, KR, SM, and SWBI. Today's optimal covered call on Teck Resources Ltd has an assigned return rate of 2.8%. To enter this trade, buy 100 shares of TECK stock at $50.40 per share and sell one contract of the Teck Resources Ltd June 14, 2024 50 call for $1.78 for a net debit of $48.62 per share. This trade lasts 21 days, giving it an annualized return rate of 47.0%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Vista Energy S.A.B. DE C.V. ADR has an assigned return rate of 3.7%. To enter this trade, buy 100 shares of VIST stock at $45.27 per share and sell one contract of the Vista Energy S.A.B. DE C.V. ADR June 21, 2024 45 call for $1.86 for a net debit of $43.40 per share. This trade lasts 28 days, giving it an annualized return rate of 46.3%. 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 1.0%. To enter this trade, buy 100 shares of FANG stock at $191.96 per share and sell one contract of the Diamondback Energy May 31, 2024 191.43 call for $2.43 for a net debit of $189.54 per share. This trade lasts 7 days, giving it an annualized return rate of 45.6%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on NRG Energy has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of NRG stock at $81.09 per share and sell one contract of the NRG Energy June 21, 2024 80 call for $3.72 for a net debit of $77.37 per share. This trade lasts 28 days, giving it an annualized return rate of 42.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Tidewater Inc has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of TDW stock at $102.07 per share and sell one contract of the Tidewater Inc June 21, 2024 100 call for $5.34 for a net debit of $96.73 per share. This trade lasts 28 days, giving it an annualized return rate of 42.5%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Constellation Energy Corp has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of CEG stock at $221.16 per share and sell one contract of the Constellation Energy Corp June 21, 2024 220 call for $8.32 for a net debit of $212.84 per share. This trade lasts 28 days, giving it an annualized return rate of 42.3%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Agilent Technologies has an assigned return rate of 3.3%. To enter this trade, buy 100 shares of A stock at $150.55 per share and sell one contract of the Agilent Technologies June 21, 2024 150 call for $5.33 for a net debit of $145.22 per share. This trade lasts 28 days, giving it an annualized return rate of 41.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Kroger Company has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of KR stock at $53.31 per share and sell one contract of the Kroger Company June 21, 2024 53 call for $1.96 for a net debit of $51.35 per share. This trade lasts 28 days, giving it an annualized return rate of 40.4%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Sm Energy Company has an assigned return rate of 3.2%. To enter this trade, buy 100 shares of SM stock at $48.05 per share and sell one contract of the Sm Energy Company June 21, 2024 47.5 call for $2.01 for a net debit of $46.04 per share. This trade lasts 28 days, giving it an annualized return rate of 39.9%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Smith & Wesson Brands Inc has an assigned return rate of 6.1%. To enter this trade, buy 100 shares of SWBI stock at $16.14 per share and sell one contract of the Smith & Wesson Brands Inc July 19, 2024 16 call for $1.06 for a net debit of $15.08 per share. This trade lasts 56 days, giving it an annualized return rate of 39.3%. The risk assessment of this trade is 2 keys (Considerable 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 Akanda (AKAN), Netcapital (NCPL) and Cue Health (HLTH) are moving higher this morning, while Tharimmune (THAR), Verastem (VSTM) and Soluna Holdings (SLNH) are headed lower. NexPoint Residential Trust Inc (NXRT), XPO Inc (XPO) and Saia Inc (SAIA) were upgraded. while Domo Inc (DOMO), Swedbank AB (SWDBY) and Ryanair Holdings plc (RYAAY) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Mumbai Sensex (S&P BSE SENSEX) is up 1.61%, the Australia ASX All Ordinaries is down 1.08%, the Nikkei 225 is down 1.17%, the Shanghai SE Composite Index is down 1.33%, and the Hang Seng is down 1.7%. Stocks in Europe are down. The DAX is down 0.5%, the Euro Stox 50 is down 0.42%, the FTSE 100 is down 0.37%, and the CAC 40 is down 0.22%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $0.35 at $76.71 per barrel. Brent crude is down $0.15 at $81.16 per barrel. Natural Gas is down $0.03 at $2.64. Precious metals are up this morning. Gold is up $11.19 at $2339.93 per ounce. Platinum is up $4.5 at $1028.5, while silver is up $0.37 at $30.5. 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 3.77% to $67,327.91, while Ethereum is down 5.26% to $3,710.80. Equity PUT/CALL RATIO Yesterday, 4,571,907 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,134,124 put contracts. The single-session put/call ratio was 0.9. TODAY'S ECONOMIC CALENDAR Durable Goods Orders April 8:30 a.m. EARNINGS EXPECTED TODAY: BAH, BKE |
