Call: Arch Capital Group (ACGL), Put: AthenaHealth Inc. (ATHN), Covered Write: Medidata Solutions Inc. (MDSO)
Daily Option Ideas for May 16, 2017
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Arch Capital Group Ltd. - $95.30 | O:ACGL 17I95.00D15 | Buy the September 95.00 calls at 4.00 | 91.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| PowerShares QQQ Trust ( QQQ) | Jun. 114.00 Calls | Raise the option stop loss to 23.00 (CP: 25.47) |
| Citigroup, Inc. ( C) | May. 55.00 Calls | Raise the option stop loss to 7.00 (CP: 7.45) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Athenahealth, Inc. - $109.75 | O:ATHN 17U115.00D15 | Buy the September 115.00 puts at 11.50 | 128.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| National Retail Properties, Inc. (NNN) | Jun. 45.00 Puts | Raise the option stop loss to 5.50 (CP: 7.50) |
| Macy's Inc. (M) | Aug. 35.00 Puts | Raise the option stop loss to 10.00 (CP: 12.30) |
| Energen Corporation (EGN) | Oct. 55.00 Puts | Stopped at 55.00 (CP: 54.83) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Medidata Solutions, Inc. $69.32 | O:MDSO 17J75.00D20 | Oct. 75.00 | 3.70 | $33,685.00 | 23.90% | 10.20% | 4.20% |
Still Recommended
| Name | Action |
|---|---|
| Micron Technology, Inc. (MU) - 28.83 | Sell the July 29.00 Calls. |
| Momo Inc (China) ADR (MOMO) - 40.11 | Sell the October 40.00 Calls. |
| TTM Technologies, Inc. (TTMI) - 16.19 | Sell the September 17.50 Calls. |
| Tutor Perini Corporation (TPC) - 28.00 | Sell the October 30.00 Calls. |
| The Chemours Company (CC) - 45.27 | Sell the October 44.00 Calls. |
| Lumentum Holdings Inc (LITE) - 54.55 | Sell the September 55.00 Calls. |
| Wynn Resorts, Limited (WYNN) - 125.69 | Sell the September 130.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Dish Network Corporation ( DISH - 61.51 ) | September 62.50 covered write. |
| Servicenow Inc ( NOW - 97.95 ) | August 100.00 covered write. |
