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

MorningUpdate - Options Trading Email

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PriceWatch Alerts for TECK, CC, LPX, COP, PSX, XOM, FANG, LNG, CVX, and BMRN.







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 $35.64 per share and sell one contract of the Teck Resources Ltd May 20, 2022 35 call for $1.58 for a net debit of $34.06 per share. This trade lasts 7 days, giving it an annualized return rate of 125.5% The risk assessment of this trade is 4 keys, (Low relative risk).



Today's optimal covered call on Chemours Company has an assigned return rate of 2.7%. To enter this trade, buy 100 shares of CC stock at $37.92 per share and sell one contract of the Chemours Company May 20, 2022 38 call for $0.92 for a net debit of $36.99 per share. This trade lasts 7 days, giving it an annualized return rate of 123.9% The risk assessment of this trade is 3 keys, (Moderate relative risk).



Today's optimal covered call on Louisiana-Pacific Corp has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of LPX stock at $68.56 per share and sell one contract of the Louisiana-Pacific Corp May 20, 2022 67.5 call for $2.75 for a net debit of $65.81 per share. This trade lasts 7 days, giving it an annualized return rate of 117.2% The risk assessment of this trade is 3 keys, (Moderate relative risk).



Today's optimal covered call on Conocophillips has an assigned return rate of 2.6%. To enter this trade, buy 100 shares of COP stock at $99.60 per share and sell one contract of the Conocophillips May 20, 2022 99 call for $3.08 for a net debit of $96.52 per share. This trade lasts 7 days, giving it an annualized return rate of 117.0% The risk assessment of this trade is 5 keys, (The Lowest relative risk).



Today's optimal covered call on Phillips 66 has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of PSX stock at $91.19 per share and sell one contract of the Phillips 66 May 20, 2022 91 call for $2.44 for a net debit of $88.76 per share. This trade lasts 7 days, giving it an annualized return rate of 115.4% The risk assessment of this trade is 5 keys, (The Lowest relative risk).



Today's optimal covered call on Exxon Mobil Corp has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of XOM stock at $86.30 per share and sell one contract of the Exxon Mobil Corp May 20, 2022 86 call for $2.38 for a net debit of $83.92 per share. This trade lasts 7 days, giving it an annualized return rate of 113.2% The risk assessment of this trade is 5 keys, (The Lowest relative risk).



Today's optimal covered call on Diamondback Energy has an assigned return rate of 2.5%. To enter this trade, buy 100 shares of FANG stock at $127.04 per share and sell one contract of the Diamondback Energy May 20, 2022 122.65 call for $7.35 for a net debit of $119.69 per share. This trade lasts 7 days, giving it an annualized return rate of 112.8% The risk assessment of this trade is 4 keys, (Low relative risk).



Today's optimal covered call on Cheniere Energy has an assigned return rate of 2.4%. To enter this trade, buy 100 shares of LNG stock at $132.01 per share and sell one contract of the Cheniere Energy May 20, 2022 130 call for $5.01 for a net debit of $127.00 per share. This trade lasts 7 days, giving it an annualized return rate of 107.8% The risk assessment of this trade is 3 keys, (Moderate relative risk).



Today's optimal covered call on Chevron Corp has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of CVX stock at $164.71 per share and sell one contract of the Chevron Corp May 20, 2022 165 call for $3.33 for a net debit of $161.38 per share. This trade lasts 7 days, giving it an annualized return rate of 102.3% The risk assessment of this trade is 4 keys, (Low relative risk).



Today's optimal covered call on Biomarin Pharmaceuticals has an assigned return rate of 2.2%. To enter this trade, buy 100 shares of BMRN stock at $76.38 per share and sell one contract of the Biomarin Pharmaceuticals May 20, 2022 75 call for $3.02 for a net debit of $73.35 per share. This trade lasts 7 days, giving it an annualized return rate of 102.3% 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 (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

Norwegian Cruise Line Holdings Ltd (NCLH), Ford Motor Company (F) and Mosaic Co (MOS) are moving higher this morning, while Twitter Inc (TWTR), Atmos Energy Corporation (ATO) and Edison International (EIX) are headed lower. WEC Energy Group Inc (WEC), Squarespace Inc (SQSP) and Old National Bancorp (ONB) were upgraded by analysts this morning, while Carvana Co (CVNA), Tusimple Holdings Inc (TSP) and KB Home (KBH) were downgraded.



INTERNATIONAL MARKETS

Stocks in Asia are mixed. The Hang Seng is up 2.67%, the Nikkei 225 is up 2.64%, the Australia ASX All Ordinaries is up 1.97% the Shanghai SE Composite Index is up 0.96% and the Mumbai Sensex is down -0.26%. In Europe stocks are up. The FTSE 100 is up 1.59%, the Euro Stoxx 50 is up 1.54%, the CAC 40 is up 1.53% and the DAX is up 1.42%.



FUTURES & CURRENCIES

Energy futures are up today. The price for West Texas Intermediate crude oil is up 1.7 at 107.83 per barrel. Brent crude is up 1.66 at 109.11 per barrel. Natural Gas is up 0.12 at 7.86. Precious metals are mixed this morning. Gold is down -8.34 at 1813.48 per ounce. Platinum is up 1.8 at 949.27 while silver is down -0.05 at 20.72. The dollar is mixed compared to the major currencies today. The greenback is down against the euro, up against the Yen and up against the Pound. Bitcoin is up 8.57% to $30,482.59 while Ethereum is up 9.07% to $2,099.59.





Equity PUT/CALL RATIO

Yesterday, 1,348,396 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 1,087,074 put contracts. The single-session put/call ratio was 0.81.



TODAY'S ECONOMIC CALENDAR

Import Price Index Apr 8:30

Export Price Index Apr 8:30

University of Michigan Consumer Sentiment - Prelim May 10:00



EARNINGS EXPECTED TODAY:

PLXP