Option Ideas: Call - Louisiana Pacific Corporation (LPX), Put - Dave & Busters Entertainment (PLAY), and Covered Write - Michael Kors Holdings Limited (KORS).
Daily Option Ideas for April 17, 2018
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Louisiana-Pacific Corporation - $31.06 | O:LPX 18H29.00D17 | Buy the August 29.00 calls at 3.50 | 27.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| ConocoPhillips ( COP) | Aug. 52.50 Calls | Raise the option stop loss to 12.35 (CP: 14.35) |
| E*trade Group, Inc. ( ETFC) | Jul. 50.00 Calls | Raise the option stop loss to 7.50 (CP: 9.50) |
| Total System Services Inc ( TSS) | Aug. 80.00 Calls | Initiate an option stop loss of 7.80 (CP: 9.80) |
| Cisco Systems, Inc. ( CSCO) | Sep. 39.00 Calls | Initiate an option stop loss of 4.60 (CP: 6.60) |
| IntercontinentalExchange Inc. ( ICE) | Sep. 67.50 Calls | Initiate an option stop loss of 6.00 (CP: 8.00) |
| Proofpoint Inc ( PFPT) | Aug. 115.00 Calls | Initiate an option stop loss of 15.20 (CP: 17.20) |
| Costco Wholesale Corporation ( COST) | Jun. 180.00 Calls | Raise the option stop loss to 16.10 (CP: 18.10) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Dave & Busters Entertainment - $42.79 | O:PLAY 18V45.00D19 | Buy the October 45.00 puts at 5.30 | 48.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| YY Inc (YY) | Aug. 105.00 Puts | Stopped at 16.70 (CP: 14.30) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Michael Kors Holdings Limited $65.50 | O:KORS 18H70.00D17 | Aug. 70.00 | 4.10 | $31,704.50 | 27.95% | 16.00% | 5.08% |
Still Recommended
| Name | Action |
|---|---|
| First Solar, Inc. (FSLR) - 70.12 | Sell the September 75.00 Calls. |
| Planet Fitness Inc (PLNT) - 39.18 | Sell the August 40.00 Calls. |
| Urban Outfitters, Inc. (URBN) - 39.61 | Sell the September 39.00 Calls. |
| Avis Budget Group, Inc. (CAR) - 49.60 | Sell the August 52.50 Calls. |
| Aaron's, Inc. (AAN) - 47.28 | Sell the August 50.00 Calls. |
| Deckers Outdoor Corporation (DECK) - 94.95 | Sell the September 97.50 Calls. |
| First Solar, Inc. (FSLR) - 70.12 | Sell the September 75.50 Calls. |
| Michael Kors Holdings Limited (KORS) - 65.50 | Sell the August 67.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Workday Inc. ( WDAY - 126.83 ) | September 135.00 covered write. |
