This Week’s 21st Century Covered Call Selections
There is one new selections this week: LULU
| Market Edge Opinion: The current technical condition for LULU is strong and the chart pattern suggests that upward momentum should continue. The stock has outperformed the market over the last 50 trading days when compared to the S&P 500. The MACD-LT is confirming that the intermediate-term trend is bullish. Chart formation indicates a strong rising trend. 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 LULU is under accumulation, which is a bullish condition. The stock is trading above a rising 50-day moving average. This validates the strong technical condition for LULU. The stock is above its 200-day moving average which is pointed up indicating that the intermediate term trend is bullish. |
Current Open Positions
| The Market Edge – Market Posture: | Bullish | VIX | 13.57 | Neutral | |||||
| Short Call | Long Call | ||||||||
| # Of | Stock | 03/01/19 | 03/01/19 | Credit | Best | Week % | Approx. | Approx. | |
| Stock | Weeks | Price | Strike | Strike | Spread | Bet | Return | Div Date | Dividend |
| UTX | 5 | $128.69 | 129.0 | 131.0 | $0.73 | 5.0 | 0.6% | None | $0.00 |
| IWM | 5 | $159.38 | 159.5 | 161.5 | $0.62 | 3.0 | 0.4% | None | $0.00 |
| CVX | 4 | $120.10 | 120.0 | 122.0 | $0.79 | 12.0 | 0.7% | 02/14/19 | $1.19 |
| MSFT | 3 | $111.50 | 112.0 | 114.0 | $0.56 | 7.0 | 0.5% | 02/20/19 | $0.46 |
| NVDA | 3 | $163.95 | 165.0 | 167.5 | $0.94 | 5.0 | 0.6% | None | $0.00 |
| JPM | 2 | $106.72 | 107.0 | 109.0 | $0.65 | 6.0 | 0.6% | None | $0.00 |
| LULU | 1 | $149.95 | 150.0 | 152.0 | $1.09 | 8.0 | 0.7% | None | $0.00 |
| Prices Are Monday’s Opening Prices | |||||||||
| Stocks Have Strongest Market Edge Opinions | |||||||||
| Weekly % Return: The Higher The Better | |||||||||
| Best Bet: The Bigger The Better | |||||||||
Results for this week’s trades will be posted over the weekend on the Scoreboard.