This Week’s 21st Century Covered Call Selections
There are two new selections this week: MSFT & NVDA
| Market Edge Opinion: The current technical condition for MSFT is strong and the underlying indicators should keep the current uptrend intact. Over the last 50 trading days, when compared to the S&P 500, the stock has performed in line with the market. The MACD-LT is confirming that the intermediate-term trend is bullish. Upside momentum, as measured by the 9-day RSI indicator is positive but is beginning to slow. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that MSFT is under accumulation, which is a bullish condition. The stock is above its 50-day moving average which is pointed down. The stock is above its 200-day moving average which is pointed up indicating that the intermediate term trend is bullish.
The current technical condition for NVDA is strong and the chart pattern suggests that upward momentum should continue. The stock has underperformed the market when compared to the S&P 500 over the last 50 trading days. MACD-LT, an intermediate-term trend indicator, is bullish at this time. Upside momentum, as measured by the 9-day RSI indicator is very strong. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that NVDA is under accumulation, which is a bullish condition. The stock is above its 50-day moving average which is pointed down. |
Current Open Positions
| The Market Edge – Market Posture: | Bullish | VIX | 15.71 | Neutral | |||||
| # Of | Stock | S – Call | L – Call | Credit | Best | Week % | Approx. | Approx. | |
| Stock | Weeks | Price | Strike | Strike | Spread | Bet | Return | Div Date | Dividend |
| UTX | 3 | $122.40 | 122.0 | 124.0 | $0.87 | 8.0 | 0.7% | None | $0.00 |
| IWM | 3 | $149.66 | 150.0 | 152.0 | $0.86 | 5.0 | 0.6% | None | $0.00 |
| CVX | 2 | $116.84 | 117.0 | 119.0 | $0.71 | 11.0 | 0.6% | 02/14/19 | $1.19 |
| MSFT | 1 | $106.02 | 106.0 | 108.0 | $0.77 | 10.0 | 0.7% | 02/20/19 | $0.46 |
| NVDA | 1 | $147.72 | 148.0 | 150.0 | $1.00 | 8.0 | 0.7% | None | $0.00 |
| Prices Are Monday’s Opening Prices | |||||||||
| Stocks have strongest Market Edge Power Ratings | |||||||||
| Weekly % Return: The Higher The Better | |||||||||
| Best Bet: The Bigger The Better | |||||||||
| Commissions & Dividends Not Included | |||||||||
Results for this week’s trades will be posted over the weekend on the Scoreboard.