MORNING UPDATE: PriceWatch Alerts for EOG and More... for 2024-06-05 |
| PriceWatch Alerts for EOG, UHS, TGT, M, FLR, SWBI, CE, NRG, VAL, and FIS. Today's optimal covered call on Eog Resources has an assigned return rate of 1.5%. To enter this trade, buy 100 shares of EOG stock at $119.80 per share and sell one contract of the Eog Resources June 14, 2024 119 call for $2.51 for a net debit of $117.29 per share. This trade lasts 9 days, giving it an annualized return rate of 53.2%. The risk assessment of this trade is 5 keys (The Lowest 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 $184.64 per share and sell one contract of the Universal Health Services June 21, 2024 185 call for $4.03 for a net debit of $180.61 per share. This trade lasts 16 days, giving it an annualized return rate of 52.2%. 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 1.4%. To enter this trade, buy 100 shares of TGT stock at $150.55 per share and sell one contract of the Target Corp June 14, 2024 150 call for $2.61 for a net debit of $147.94 per share. This trade lasts 9 days, giving it an annualized return rate of 50.9%. The risk assessment of this trade is 5 keys (The Lowest relative risk). Today's optimal covered call on Macy's Inc has an assigned return rate of 6.1%. To enter this trade, buy 100 shares of M stock at $18.23 per share and sell one contract of the Macy's Inc July 19, 2024 18 call for $1.27 for a net debit of $16.96 per share. This trade lasts 44 days, giving it an annualized return rate of 49.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Fluor Corp has an assigned return rate of 2.3%. To enter this trade, buy 100 shares of FLR stock at $42.87 per share and sell one contract of the Fluor Corp June 21, 2024 42.5 call for $1.31 for a net debit of $41.56 per share. This trade lasts 16 days, giving it an annualized return rate of 48.6%. 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 5.9%. To enter this trade, buy 100 shares of SWBI stock at $16.26 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 $15.10 per share. This trade lasts 44 days, giving it an annualized return rate of 48.1%. 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 $145.25 per share and sell one contract of the Celanese Corp June 21, 2024 145 call for $3.33 for a net debit of $141.92 per share. This trade lasts 16 days, giving it an annualized return rate of 46.6%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on NRG Energy has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of NRG stock at $77.83 per share and sell one contract of the NRG Energy June 21, 2024 75 call for $4.42 for a net debit of $73.41 per share. This trade lasts 16 days, giving it an annualized return rate of 46.5%. The risk assessment of this trade is 3 keys (Moderate relative risk). Today's optimal covered call on Valaris Ltd has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of VAL stock at $71.11 per share and sell one contract of the Valaris Ltd June 21, 2024 70 call for $2.59 for a net debit of $68.52 per share. This trade lasts 16 days, giving it an annualized return rate of 46.4%. 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 1.3%. To enter this trade, buy 100 shares of FIS stock at $76.07 per share and sell one contract of the Fidelity National Information Se June 14, 2024 76 call for $1.01 for a net debit of $75.06 per share. This trade lasts 9 days, giving it an annualized return rate of 46.0%. 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'. These limited risk techniques have saved investors thousands of dollars during unexpected market downturns and Black Swan events. The RadioActive Home Study Kit teaches the proper limited risk trade setup and the 10 different Income Methods that are used to lower the initial risk, potentially bulletproof your stock positions and earn extra income. The RadioActive Home Study Kit comes with a money back guarantee and a free month of access to the patented PowerOptions Suite of Tools! Can you back test these strategies? Yes, you can! PowerOptions offers a full back testing screener, SmartHistoryXL, to its subscribers. Back test over 20 different options strategies using your personal search criteria. Check out PowerOptions SmartHistoryXL (http://www.poweropt.com/optionsbacktesting-instructions.asp) and start back testing today! NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. STOCKS ON THE MOVE Actelis Networks (ASNS), Moving iMage Technologies (MITQ) and mF International (MFI) are moving higher this morning, while MicroAlgo (MLGO), Sobr Safe (SOBR) and Cue Health (HLTH) are headed lower. UnitedHealth Group Inc (UNH), Smith & Nephew plc (SNN) and Boston Beer Company Inc (SAM) were upgraded. while Energy Fuels Inc (UUUU), Titan Machinery Inc (TITN) and Relmada Therapeutics Inc (RLMD) were downgraded. INTERNATIONAL MARKETS Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.41%, the Shanghai SE Composite Index is up 0.41%, the Hang Seng is up 0.22%, the Nikkei 225 is down 0.89%, and the Mumbai Sensex (S&P BSE SENSEX) is down 5.74%. In Europe, stocks are up. The Euro Stox 50 is up 1.53%, the CAC 40 is up 1.07%, the DAX is up 1.06%, and the FTSE 100 is up 0.37%. FUTURES & CURRENCIES Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.63 at $73.48 per barrel. Brent crude is down $0.4 at $77.76 per barrel. Natural Gas is up $0.01 at $2.63. Precious metals are mixed this morning. Gold is up $5.41 at $2333.45 per ounce. Platinum is down $1 at $991, while silver is up $0.08 at $29.58. 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 2.96% to $70,918.68, while Ethereum is up 1.17% to $3,803.20. Equity PUT/CALL RATIO Yesterday, 3,437,526 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,274,245 put contracts. The single-session put/call ratio was 0.95. TODAY'S ECONOMIC CALENDAR ISM Non-Manufacturing May 10:00 a.m. EIA Crude Oil Inventories 6/1 10:30 a.m. EARNINGS EXPECTED TODAY: BASE, CPB, CXM, DLTR, DOYU, FIVE, GB, HIBB, LE, LULU, OLLI, REVG, RNW, SMAR, THO, TIGR, UNFI, VBNK, WDH |
