NewsletterDailyMonday, June 1, 2026
Daily Market Briefing — Monday, June 1, 2026 | CoveredCalls.live
Daily Market Briefing
Monday, June 1, 2026
S&P 500 (SPY)
▲ 758.54
+0.27%
Nasdaq (QQQ)
▲ 742.74
+0.60%
VIX
0.00%
Market Close
SymbolName CloseChangeRange
SPY SPDR S&P 500 ETF $758.54 +0.27% $760.28 / $754.69
QQQ Invesco Nasdaq QQQ $742.74 +0.60% $745.65 / $735.99
DIA Dow Jones ETF $511.44 +0.13% $511.86 / $508.33
IWM Russell 2000 ETF $288.98 -0.50% $290.61 / $286.27
Top News Today
1

FedEx Freight CEO says the spinoff will help the company 'leapfrog' competitors

FedEx Freight CEO John Smith said the company's separation from FedEx will allow it to invest more aggressively in growth initiatives.

CNBC
2

Ukraine's Zelenskiy says warning of massive Russian strike remains in effect - Reuters

Ukraine's Zelenskiy says warning of massive Russian strike remains in effect  Reuters

Reuters
3

We're giving newly spun FedEx Freight a buy rating and raising our price target on another

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

CNBC
4

Traders on Kalshi indicate that May's jobs report will top Wall Street expectations

Traders on prediction markets are in consensus with Dow Jones estimates that number of jobs in May will drop from April.

CNBC
5

The stock market just did something eerily similar to the dotcom bubble top in 2000

Surging stock performance in May was concentrated in the AI adjacent.

CNBC
6

Lebanon announces partial ceasefire between Israel, Hezbollah but attacks continue - Reuters

Lebanon announces partial ceasefire between Israel, Hezbollah but attacks continue  Reuters

Reuters
7

Lebanon crusader castle seized by Israel a symbol of bloody history - Reuters

Lebanon crusader castle seized by Israel a symbol of bloody history  Reuters

Reuters
8

Wall St ends higher, boosted by tech gains, US-Iran peace hopes - Reuters

Wall St ends higher, boosted by tech gains, US-Iran peace hopes  Reuters

Reuters
Economic Releases — Today
EventImpact ActualEstimate
ISM Manufacturing PMI ★★★ 54 53
ISM Manufacturing Employment ★★ 48.6
S&P Global Manufacturing PMI Final 55.1 55.3
Construction Spending MoM 0.4% 0.2%
ISM Manufacturing New Orders 56.8
ISM Manufacturing Prices 82.1 85.5
3-Month Bill Auction 3.63%
6-Month Bill Auction 3.665%
Tomorrow's High-Impact Events ★★★
EventPriorityEstimate
JOLTs Job Openings ★★★ 6.82

Only 3-star (high impact) events shown. Check Investing.com for full calendar.

Earnings This Week
SymbolCompany EPS Est.Date
CRDO CREDO TECHNOLOGY GROUP HOLDING LTD $1.03 2026-06-01
GLNG GOLAR LNG $0.38 2026-06-02
HEI HEICO CORP $1.32 2026-06-02
HPE HEWLETT PACKARD ENTERPRISE COMPANY $0.53 2026-06-02
CHWY CHEWY INC - CLASS A $0.22 2026-06-03
CMCO COLUMBUS MCKINNON CORP $0.78 2026-06-03
PATH UIPATH INC - CLASS A $0.15 2026-06-03
AVGO BROADCOM INC $2.16 2026-06-04
AVO MISSION PRODUCE INC $0.13 2026-06-04
DOCU DOCUSIGN INC $0.99 2026-06-04

⚡ Picks with earnings before expiry are flagged. Manage risk accordingly.

Covered Call Picks — 30 to 360 Days

Top-scoring covered call setups from today's scan. Selected for balance of premium, downside protection and liquidity. Horizons: 30–360 days.

SymbolName StrikeExpiryDTE PremiumDeltaIV Ann.RetCushion
No candidates found for this range today.

Ann.Ret = annualized return on capital. Cushion = % stock can drop before loss. Not financial advice.

LEAP Covered Calls — 360+ Days

Long-dated covered calls for investors seeking income while holding long-term positions. Lower annualized yield, higher total premium collected.

SymbolName StrikeExpiryDTE PremiumDeltaIV Ann.RetCushion
No LEAP candidates found today.

This newsletter is generated automatically after the daily scanner run. Data sourced from Finnhub and live options data. All covered call picks are selected algorithmically using the CCL Score — they are not personalized financial advice. Always verify data with your broker before trading. Past performance of the scanner does not guarantee future results.

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