Option Ideas: Royal Caribbean Cruises Ltd. (RCL), Put - LyondellBasell Industries NV (LYB), and Covered Write - Cirrus Logic, Inc. (CRUS).
Daily Option Ideas for June 15, 2017
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Royal Caribbean Cruises Ltd. - $111.53 | O:RCL 17L105.00D15 | Buy the December 105.00 calls at 12.95 | 102.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Manpower Inc ( MAN) | Sep. 100.00 Calls | Raise the option stop loss to 7.10 (CP: 9.10) |
| Northern Trust Corporation ( NTRS) | Oct. 85.00 Calls | Raise the option stop loss to 8.30 (CP: 10.30) |
| Centene Corporation ( CNC) | Sep. 70.00 Calls | Initiate an option stop loss of 8.30 (CP: 10.30) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| LyondellBasell Industries NV - $79.97 | O:LYB 17X82.50D15 | Buy the December 82.50 puts at 8.00 | 85.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Dollar Tree, Inc. (DLTR) | Aug. 82.50 Puts | Raise the option stop loss to 7.50 (CP: 9.50) |
| WESCO Internation, Inc. (WCC) | Oct. 65.00 Puts | Raise the option stop loss to 6.40 (CP: 8.40) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Cirrus Logic Inc $64.10 | O:CRUS 17I65.00D15 | Sep. 65.00 | 4.20 | $29,715.80 | 32.97% | 23.55% | 5.60% |
Still Recommended
| Name | Action |
|---|---|
| Momo Inc (China) ADR (MOMO) - 36.54 | Sell the October 40.00 Calls. |
| Lumber Liquidators Holdings Inc (LL) - 25.30 | Sell the November 30.00 Calls. |
| Dish Network Corporation (DISH) - 64.88 | Sell the September 67.50 Calls. |
| MACOM Technology Solutions Holdings Inc. (MTSI) - 56.05 | Sell the November 60.00 Calls. |
| Micron Technology, Inc. (MU) - 31.06 | Sell the October 32.00 Calls. |
| Cabot Oil & Gas Corporation (COG) - 23.10 | Sell the October 25.00 Calls. |
| Weight Watchers International, Inc. (WTW) - 27.10 | Sell the October 28.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| The Chemours Company ( CC - 38.71 ) | October 44.00 covered write. |
| Alcoa Inc. ( AA - 31.54 ) | October 35.00 covered write. |
