This Week’s 21st Century Covered Call Selections
There is one new selections this week: CVX
| Market Edge Opinion: The technical condition of CVX is improving. Some of the indicators have turned positive suggesting that a bottom in the stock price has likely occurred. 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 at this time. A close above $114.09 is a number to watch to confirm a trend reversal. Momentum as measured by the 9-day RSI is gaining in strength. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that CVX is under accumulation, which is a bullish condition. The stock is above its 50-day moving average which is pointed down. This is supportive that the trend is improving. |
Current Open Positions
| The Market Edge – Market Posture: | Bullish | VIX | 16.14 | Neutral | |||||
| # Of | Stock | S – Call | L – Call | Credit | Best | Week % | Approx. | Approx. | |
| Stock | Weeks | Price | Strike | Strike | Spread | Bet | Return | Div Date | Dividend |
| FB | 4 | $167.98 | 167.5 | 170.0 | $1.13 | 8.0 | 0.7% | None | $0.00 |
| IBM | 4 | $133.56 | 134.0 | 136.0 | $0.52 | 3.0 | 0.4% | None | $0.00 |
| UTX | 2 | $118.40 | 119.0 | 121.0 | $0.53 | 5.0 | 0.4% | None | $0.00 |
| IWM | 2 | $149.66 | 149.5 | 151.5 | $0.82 | 5.0 | 0.5% | None | $0.00 |
| CVX | 1 | $116.42 | 117.0 | 119.0 | $0.62 | 10.0 | 0.5% | 02/14/19 | $1.19 |
| 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.