Option Ideas: Call - PowerShares QQQ Trust (QQQ), Put - V.F. Corporation (VFC), and Covered Write - CryoLife, Inc. (CRY).
Daily Option Ideas for December 13, 2016
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| PowerShares QQQ Trust - $120.46 | O:QQQ 17F114.00D16 | Buy the June 114.00 calls at 10.00 | 110.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The Dow Chemical Company ( DOW) | Jan. 50.00 Calls | Raise the option stop loss to 6.10 (CP: 8.10) |
| Automatic Data Processing, Inc. ( ADP) | Feb. 80.00 Calls | Raise the option stop loss to 11.70 (CP: 13.70) |
| United Continental Holdings Inc. ( UAL) | Mar. 50.00 Calls | Stopped at 23.20 (CP: 21.95) |
| Canadian Natural Resources Ltd. ( CNQ) | Mar. 28.00 Calls | Raise the option stop loss to 4.50 (CP: 6.50) |
| Waste Management, Inc. ( WM) | Apr. 60.00 Calls | Raise the option stop loss to 8.90 (CP: 10.90) |
| Chubb Ltd ( CB) | Feb. 120.00 Calls | Raise the option stop loss to 10.10 (CP: 13.10) |
| Automatic Data Processing, Inc. ( ADP) | Feb. 85.00 Calls | Raise the option stop loss to 11.70 (CP: 13.70) |
| Apple Inc. ( AAPL) | Apr. 105.00 Calls | Raise the option stop loss to 10.40 (CP: 12.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| V.F. Corporation - $56.33 | O:VFC 17Q60.00D19 | Buy the May 60.00 puts at 6.10 | 61.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Cray, Inc. (CRAY) | Apr. 25.00 Puts | Stopped at 4.70 (CP: 4.70) |
| Kraft Heinz Co/The (KHC) | Apr. 85.00 Puts | Stopped at 85.00 (CP: 85.00) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| CryoLife, Inc. $19.45 | O:CRY 17D20.00D21 | Apr. 20.00 | 1.05 | $9,050.00 | 26.74% | 13.29% | 4.49% |
Still Recommended
| Name | Action |
|---|---|
| General Cable Corp (BGC) - 20.20 | Sell the February 20.00 Calls. |
| United Rentals, Inc. (URI) - 107.03 | Sell the March 110.00 Calls. |
| Zillow Group Inc. Class C (Z) - 36.28 | Sell the May 40.00 Calls. |
| Carmax Group (KMX) - 62.80 | Sell the April 65.00 Calls. |
| AtriCure, Inc. (ATRC) - 18.81 | Sell the April 20.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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