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MORNING UPDATE: PriceWatch Alerts for CPRX and More.......

MorningUpdate - Options Trading Email

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PriceWatch Alerts for CPRX, CNQ, CMRE, TRQ, GSL, SAIC, HPE, SJM, GIS, and TD.







Today's optimal covered call on Catalyst Pharm Inc has an assigned return rate of 14.7%. To enter this trade, buy 100 shares of CPRX stock at $8.26 per share and sell one contract of the Catalyst Pharm Inc September 16, 2022 7.5 call for $1.72 for a net debit of $6.54 per share. This trade lasts 162 days, giving it an annualized return rate of 32.9% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on Canadian Natural Resources has an assigned return rate of 3.9%. To enter this trade, buy 100 shares of CNQ stock at $62.26 per share and sell one contract of the Canadian Natural Resources May 20, 2022 60 call for $4.52 for a net debit of $57.74 per share. This trade lasts 43 days, giving it an annualized return rate of 32.5% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on Costamare Inc has an assigned return rate of 6.1%. To enter this trade, buy 100 shares of CMRE stock at $15.40 per share and sell one contract of the Costamare Inc June 17, 2022 15 call for $1.26 for a net debit of $14.13 per share. This trade lasts 71 days, giving it an annualized return rate of 31.0% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on Turquoise Hill Resources Ltd has an assigned return rate of 3.4%. To enter this trade, buy 100 shares of TRQ stock at $29.82 per share and sell one contract of the Turquoise Hill Resources Ltd May 20, 2022 29 call for $1.78 for a net debit of $28.04 per share. This trade lasts 43 days, giving it an annualized return rate of 28.2% The risk assessment of this trade is 3 keys, (Moderate relative risk).



Today's optimal covered call on Global Ship Lease Inc has an assigned return rate of 5.5%. To enter this trade, buy 100 shares of GSL stock at $24.57 per share and sell one contract of the Global Ship Lease Inc June 17, 2022 22.5 call for $3.24 for a net debit of $21.33 per share. This trade lasts 71 days, giving it an annualized return rate of 27.8% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on Science Applications Internation has an assigned return rate of 3.0%. To enter this trade, buy 100 shares of SAIC stock at $91.28 per share and sell one contract of the Science Applications Internation May 20, 2022 90 call for $3.89 for a net debit of $87.39 per share. This trade lasts 43 days, giving it an annualized return rate of 24.8% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on Hewlett Packard Enterprise Comp has an assigned return rate of 6.3%. To enter this trade, buy 100 shares of HPE stock at $15.57 per share and sell one contract of the Hewlett Packard Enterprise Comp August 19, 2022 15 call for $1.46 for a net debit of $14.11 per share. This trade lasts 134 days, giving it an annualized return rate of 17.1% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on J.M. Smucker Company has an assigned return rate of 1.9%. To enter this trade, buy 100 shares of SJM stock at $137.22 per share and sell one contract of the J.M. Smucker Company May 20, 2022 135 call for $4.75 for a net debit of $132.47 per share. This trade lasts 43 days, giving it an annualized return rate of 15.8% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on General Mills has an assigned return rate of 5.9%. To enter this trade, buy 100 shares of GIS stock at $69.73 per share and sell one contract of the General Mills October 21, 2022 70 call for $3.63 for a net debit of $66.10 per share. This trade lasts 197 days, giving it an annualized return rate of 10.9% The risk assessment of this trade is 2 keys, (Considerable relative risk).



Today's optimal covered call on Toronto Dominion Bank has an assigned return rate of 1.3%. To enter this trade, buy 100 shares of TD stock at $79.12 per share and sell one contract of the Toronto Dominion Bank May 20, 2022 77.5 call for $2.62 for a net debit of $76.50 per share. This trade lasts 43 days, giving it an annualized return rate of 10.8% 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 (https://www.poweropt.com/store/main.aspx)! 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!



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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

HP Inc (HPQ), Hewlett Packard Enterprise Co (HPE) and Constellation Brands, Inc. Class A (STZ) are moving higher this morning, while Conagra Brands Inc (CAG), AvalonBay Communities Inc (AVB) and M&T Bank Corporation (MTB) are headed lower. Cullen/Frost Bankers, Inc. (CFR), Sylvamo Corp (SLVM) and PJT Partners Inc (PJT) were upgraded by analysts this morning, while Telefonica Brasil SA (VIV), Sonic Automotive Inc (SAH) and Rayonier Advanced Materials Inc (RYAM) were downgraded.



INTERNATIONAL MARKETS

Stocks in Asia are down. The Nikkei 225 is down -1.69%, the Shanghai SE Composite Index is down -1.42%, the Hang Seng is down -1.23% the Mumbai Sensex is down -0.97% and the Australia ASX All Ordinaries is down -0.69%.In Europe stocks are mixed. The CAC 40 is up 0.59%, the Euro Stoxx 50 is up 0.57%, the DAX is up 0.44% and the FTSE 100 is down -0.1%.



FUTURES & CURRENCIES

Energy futures are up today. The price for West Texas Intermediate crude oil is up 2.27 at 98.5 per barrel. Brent crude is up 2.11 at 103.18 per barrel. Natural Gas is up 0.19 at 6.22. Precious metals are mixed this morning. Gold is up 5.44 at 1930.79 per ounce. Platinum is down -2.39 at 954.46 while silver is up 0.13 at 24.59. 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 -2.54% to $43,814.37 while Ethereum is down -1.7% to $3,260.79.





Equity PUT/CALL RATIO

Yesterday, 1,447,829 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 873,727 put contracts. The single-session put/call ratio was 0.6.



TODAY'S ECONOMIC CALENDAR

Continuing Claims 03/26 08:30 ET

Initial Claims 04/02 08:30 ET





EARNINGS EXPECTED TODAY:

STZ, CAG, LW, WDFC, APOG, ANGO, KRUS, GNFT