Call: Cummins Inc. (CMI), Put: Capital One Finl. (COF), Covered Write: Lumber Liquidators (LL)
Daily Option Ideas for May 17, 2017
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Cummins Inc. - $153.34 | O:CMI 17I150.00D15 | Buy the September 150.00 calls at 10.30 | 142.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| PowerShares QQQ Trust ( QQQ) | Jun. 114.00 Calls | Stopped at 23.00 (CP: 22.20) |
| Global Payments Inc. ( GPN) | May. 75.00 Calls | Stopped at 13.50 (CP: 13.00) |
| Citigroup, Inc. ( C) | May. 55.00 Calls | Stopped at 7.00 (CP: 4.95) |
| Crown Castle International Corp. ( CCI) | Oct. 87.50 Calls | Raise the stock price stop loss to 89.00 (CP: 98.17) |
| SunTrust Banks, Inc. ( STI) | Oct. 50.00 Calls | Stopped at 6.85 (CP: 5.45) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Capital One Financial Corporation - $78.48 | O:COF 17U80.00D15 | Buy the September 80.00 puts at 5.60 | 90.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Manhattan Associates, Inc. (MANH) | Jul. 55.00 Puts | Stopped at 7.20 (CP: 6.40) |
| Gilead Sciences, Inc. (GILD) | Aug. 75.00 Puts | Initiate a stock price stop of 71.00 (CP: 64.81) |
| Macerich Co (MAC) | Sep. 70.00 Puts | Raise the option stop loss to 10.00 (CP: 12.80) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Lumber Liquidators Holdings Inc $26.70 | O:LL 17K30.00D17 | Nov. 30.00 | 1.75 | $12,112.00 | 45.10% | 12.10% | 5.70% |
Still Recommended
| Name | Action |
|---|---|
| Micron Technology, Inc. (MU) - 29.02 | Sell the July 29.00 Calls. |
| Momo Inc (China) ADR (MOMO) - 43.82 | Sell the October 40.00 Calls. |
| TTM Technologies, Inc. (TTMI) - 16.57 | Sell the September 17.50 Calls. |
| The Chemours Company (CC) - 45.38 | Sell the October 44.00 Calls. |
| Lumentum Holdings Inc (LITE) - 56.55 | Sell the September 55.00 Calls. |
| Wynn Resorts, Limited (WYNN) - 127.91 | Sell the September 130.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Tutor Perini Corporation ( TPC - 27.55 ) | October 30.00 covered write. |
| Medidata Solutions, Inc. ( MDSO - 70.35 ) | October 75.00 covered write. |
