MORNING UPDATE: PriceWatch Alerts for WSM and More... for 2024-06-03 |
| PriceWatch Alerts for WSM, TECK, SM, EBAY, EOG, DINO, FIS, QTWO, UHS, and URBN. Today's optimal covered call on Williams-Sonoma has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of WSM stock at $293.22 per share and sell one contract of the Williams-Sonoma June 21, 2024 290 call for $10.88 for a net debit of $282.34 per share. This trade lasts 18 days, giving it an annualized return rate of 47.2%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Teck Resources Ltd has an assigned return rate of 1.8%. To enter this trade, buy 100 shares of TECK stock at $52.05 per share and sell one contract of the Teck Resources Ltd June 14, 2024 51 call for $1.95 for a net debit of $50.10 per share. This trade lasts 11 days, giving it an annualized return rate of 46.8%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Sm Energy Company has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of SM stock at $50.43 per share and sell one contract of the Sm Energy Company June 21, 2024 50 call for $1.72 for a net debit of $48.72 per share. This trade lasts 18 days, giving it an annualized return rate of 45.8%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Ebay Inc has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of EBAY stock at $54.24 per share and sell one contract of the Ebay Inc June 14, 2024 54 call for $1.16 for a net debit of $53.08 per share. This trade lasts 11 days, giving it an annualized return rate of 45.1%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Eog Resources has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of EOG stock at $124.55 per share and sell one contract of the Eog Resources June 14, 2024 124 call for $2.63 for a net debit of $121.92 per share. This trade lasts 11 days, giving it an annualized return rate of 44.5%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on HF Sinclair Corp has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of DINO stock at $55.23 per share and sell one contract of the HF Sinclair Corp June 21, 2024 55 call for $1.59 for a net debit of $53.64 per share. This trade lasts 18 days, giving it an annualized return rate of 44.2%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Fidelity National Information Se has an assigned return rate of 1.7%. To enter this trade, buy 100 shares of FIS stock at $75.88 per share and sell one contract of the Fidelity National Information Se June 14, 2024 76 call for $1.14 for a net debit of $74.74 per share. This trade lasts 11 days, giving it an annualized return rate of 44.0%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Q2 Holdings Inc has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of QTWO stock at $60.82 per share and sell one contract of the Q2 Holdings Inc June 21, 2024 60 call for $2.26 for a net debit of $58.56 per share. This trade lasts 18 days, giving it an annualized return rate of 42.6%. The risk assessment of this trade is 2 keys (Considerable relative risk). Today's optimal covered call on Universal Health Services has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of UHS stock at $189.80 per share and sell one contract of the Universal Health Services June 21, 2024 190 call for $4.34 for a net debit of $185.46 per share. This trade lasts 18 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 Urban Outfitters Inc has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of URBN stock at $41.71 per share and sell one contract of the Urban Outfitters Inc June 21, 2024 41 call for $1.62 for a net debit of $40.10 per share. This trade lasts 18 days, giving it an annualized return rate of 39.2%. The risk assessment of this trade is 4 keys (Low 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 GameStop (GME), Bio-Path Hldgs (BPTH) and MingZhu Logistics Hldgs (YGMZ) are moving higher this morning, while Galera Therapeutics (GRTX), Ault Disruptive Tech (ADRT) and Portage Biotech (PRTG) are headed lower. Mongodb Inc (MDB), Masimo Corp (MASI) and Kimberly-Clark Corp (KMB) were upgraded. while Commerzbank AG (CRZBY), Caribou Biosciences Inc (CRBU) and CAVA Group Inc (CAVA) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Nikkei 225 is up 1.13%, the Australia ASX All Ordinaries is up 0.77%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.1%, the Shanghai SE Composite Index is down 0.16%, and the Hang Seng is down 0.83%. In Europe, stocks are up. The DAX is up 0.77%, the Euro Stox 50 is up 0.69%, the CAC 40 is up 0.38%, and the FTSE 100 is up 0.22%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.41 at $77.05 per barrel. Brent crude is down $1.15 at $81.22 per barrel. Natural Gas is up $0.11 at $2.69. Precious metals are mixed this morning. Gold is up $1.73 at $2329.55 per ounce. Platinum is down $9.5 at $1029, while silver is down $0.04 at $30.36. 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 1.28% to $69,087.91, while Ethereum is up 0.1% to $3,808.58. Equity PUT/CALL RATIO Yesterday, 4,821,620 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 4,546,096 put contracts. The single-session put/call ratio was 0.94. TODAY'S ECONOMIC CALENDAR ISM Manufacturing May 10:00 a.m. EARNINGS EXPECTED TODAY: BARK, EM, GTLB, HQY, LVRO, NNDM, SAIC |
