MORNING UPDATE: PriceWatch Alerts for HEAR and More... for 2024-05-31 |
| PriceWatch Alerts for HEAR, NTRA, FTAI, BROS, URBN, VAL, CRH, TGT, SWBI, and FANG. Today's optimal covered call on Turtle Beach Corp has an assigned return rate of 11.7%. To enter this trade, buy 100 shares of HEAR stock at $16.88 per share and sell one contract of the Turtle Beach Corp August 16, 2024 17 call for $1.66 for a net debit of $15.22 per share. This trade lasts 77 days, giving it an annualized return rate of 54.7%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Natera Inc has an assigned return rate of 3.3%. To enter this trade, buy 100 shares of NTRA stock at $110.12 per share and sell one contract of the Natera Inc June 21, 2024 110 call for $3.62 for a net debit of $106.50 per share. This trade lasts 21 days, giving it an annualized return rate of 54.5%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ftai Aviation Ltd has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of FTAI stock at $81.28 per share and sell one contract of the Ftai Aviation Ltd June 21, 2024 80 call for $3.64 for a net debit of $77.64 per share. This trade lasts 21 days, giving it an annualized return rate of 50.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Dutch Bros Inc Cl A has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of BROS stock at $35.68 per share and sell one contract of the Dutch Bros Inc Cl A June 21, 2024 35 call for $1.71 for a net debit of $33.97 per share. This trade lasts 21 days, giving it an annualized return rate of 50.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Urban Outfitters Inc has an assigned return rate of 2.1%. To enter this trade, buy 100 shares of URBN stock at $41.58 per share and sell one contract of the Urban Outfitters Inc June 14, 2024 41 call for $1.42 for a net debit of $40.17 per share. This trade lasts 14 days, giving it an annualized return rate of 50.3%. The risk assessment of this trade is 4 keys (Low relative risk). Today's optimal covered call on Valaris Ltd has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of VAL stock at $75.55 per share and sell one contract of the Valaris Ltd June 21, 2024 75 call for $2.68 for a net debit of $72.88 per share. This trade lasts 21 days, giving it an annualized return rate of 48.4%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on CRH Plc ADR has an assigned return rate of 2.9%. To enter this trade, buy 100 shares of CRH stock at $79.96 per share and sell one contract of the CRH Plc ADR June 21, 2024 80 call for $2.18 for a net debit of $77.78 per share. This trade lasts 21 days, giving it an annualized return rate of 47.4%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Target Corp has an assigned return rate of 1.0%. To enter this trade, buy 100 shares of TGT stock at $149.87 per share and sell one contract of the Target Corp June 07, 2024 149 call for $2.38 for a net debit of $147.49 per share. This trade lasts 7 days, giving it an annualized return rate of 46.7%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Smith & Wesson Brands Inc has an assigned return rate of 6.2%. To enter this trade, buy 100 shares of SWBI stock at $16.22 per share and sell one contract of the Smith & Wesson Brands Inc July 19, 2024 16 call for $1.16 for a net debit of $15.06 per share. This trade lasts 49 days, giving it an annualized return rate of 45.3%. 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 $197.34 per share and sell one contract of the Diamondback Energy June 07, 2024 195 call for $4.23 for a net debit of $193.11 per share. This trade lasts 7 days, giving it an annualized return rate of 44.7%. 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)! Learn how to limit your risks in any trade and keep your upside open ? 'Cut your losers short and let your winners run'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. 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STOCKS ON THE MOVE XChange Tec (XHG), Nuburu (BURU) and Novo Integrated Sciences (NVOS) are moving higher this morning, while Sify Technologies (SIFY), Summit Therapeutics (SMMT) and MongoDB (MDB) are headed lower. UMB Financial Corp (UMBF), Seacoast Banking Corporation of Florida (SBCF) and Hancock Whitney Corp (HWC) were upgraded. while Cactus Inc (WHD), Valley National Bancorp (VLY) and OceanFirst Financial Corp. (OCFC) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 1.14%, the Australia ASX All Ordinaries is up 0.96%, the Shanghai SE Composite Index is down 0.62%, the Mumbai Sensex (S&P BSE SENSEX) is down 0.83%, and the Hang Seng is down 1.34%. In Europe, stocks are mixed. The FTSE 100 is up 0.57%, the Euro Stox 50 is up 0.07%, the CAC 40 is flat 0%, and the DAX is down 0.08%. FUTURES & CURRENCIES Energy futures are down today. The price for West Texas Intermediate crude oil is down $0.2 at $77.84 per barrel. Brent crude is down $0.4 at $81.73 per barrel. Natural Gas is down $0.03 at $2.55. Precious metals are up this morning. Gold is up $0.74 at $2344.12 per ounce. Platinum is up $6.5 at $1038, while silver is up $0.12 at $31.32. 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 0.78% to $68,354.66, while Ethereum is up 1.98% to $3,809.53. Equity PUT/CALL RATIO Yesterday, 3,744,294 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,768,220 put contracts. The single-session put/call ratio was 1.01. TODAY'S ECONOMIC CALENDAR Personal Income/Spending April 8:30 a.m. PCE Prices April 8:30 a.m. EARNINGS EXPECTED TODAY: DOOO, GCO, MLAB |
