Call: Cadence Design Systems (CDNS), Put: Nordstrom, Inc. (JWN), Covered Write: Cree Research, Inc. (CREE)
Daily Option Ideas for April 25, 2018
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Cadence Design Systems, Inc. - $39.56 | O:CDNS 18H35.00D17 | Buy the August 35.00 calls at 5.80 | 35.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| American Express Company ( AXP) | Jun. 92.50 Calls | Stopped at 8.45 (CP: 7.10) |
| ConocoPhillips ( COP) | Aug. 52.50 Calls | Stopped at 12.35 (CP: 11.80) |
| Teradyne, Inc. ( TER) | Oct. 43.00 Calls | Stopped at 40.00 (CP: 34.56) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Nordstrom, Inc. - $48.73 | O:JWN 18S52.50D20 | Buy the July 52.50 puts at 5.60 | 51.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Perrigo Co. PLC (PRGO) | Aug. 85.00 Puts | Initiate a stock price stop of 85.00 (CP: 78.31) |
| Simon Property Group, Inc. (SPG) | Jul. 155.00 Puts | Raise the option stop loss to 9.60 (CP: 11.60) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Cree Research Inc $39.36 | O:CREE 18I40.00D21 | Sep. 40.00 | 3.70 | $18,050.35 | 23.79% | 22.18% | 8.30% |
Still Recommended
| Name | Action |
|---|---|
| First Solar, Inc. (FSLR) - 74.07 | Sell the September 75.00 Calls. |
| Avis Budget Group, Inc. (CAR) - 47.60 | Sell the August 52.50 Calls. |
| Deckers Outdoor Corporation (DECK) - 90.82 | Sell the September 97.50 Calls. |
| First Solar, Inc. (FSLR) - 74.07 | Sell the September 75.50 Calls. |
| Take-Two Interactive Software, Inc. (TTWO) - 96.38 | Sell the September 100.00 Calls. |
| Lam Research Corporation (LRCX) - 185.82 | Sell the August 195.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Urban Outfitters, Inc. ( URBN - 38.64 ) | September 39.00 covered write. |
| Boyd Gaming Corp ( BYD - 34.24 ) | September 37.00 covered write. |
| Urban Outfitters, Inc. ( URBN - 38.64 ) | September 42.00 covered write. |
