Call: CSX Corp (CSX), Put: Edison International (EIX), Covered Write: Activision Blizzard, Inc. (ATVI)
Daily Option Ideas for May 9, 2018
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| CSX Corporation - $62.25 | O:CSX 18H57.50D17 | Buy the August 57.50 calls at 6.45 | 57.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Chevron Corporation ( CVX) | Jun. 115.00 Calls | Raise the option stop loss to 11.50 (CP: 13.50) |
| E*trade Group, Inc. ( ETFC) | Jul. 50.00 Calls | Raise the option stop loss to 12.20 (CP: 14.20) |
| The Charles Schwab Corporation ( SCHW) | Sep. 50.00 Calls | Raise the option stop loss to 7.70 (CP: 9.70) |
| Cisco Systems, Inc. ( CSCO) | Sep. 39.00 Calls | Raise the option stop loss to 5.60 (CP: 7.60) |
| Louisiana-Pacific Corporation ( LPX) | Aug. 29.00 Calls | Stopped at 27.00 (CP: 26.91) |
| MSCI Inc. ( MSCI) | Jun. 140.00 Calls | Raise the option stop loss to 14.50 (CP: 16.50) |
| Red Hat, Inc. ( RHT) | Sep. 155.00 Calls | Raise the option stop loss to 20.80 (CP: 22.80) |
| Palo Alto Networks Inc ( PANW) | Sep. 185.00 Calls | Initiate an option stop loss of 28.60 (CP: 30.60) |
| Adobe Systems Incorporated ( ADBE) | Sep. 220.00 Calls | Raise the option stop loss to 27.80 (CP: 29.80) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Edison International - $60.42 | O:EIX 18V65.00D19 | Buy the October 65.00 puts at 6.70 | 67.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Capital One Financial Corporation (COF) | Sep. 95.00 Puts | Stopped at 7.10 (CP: 6.55) |
| Perrigo Co. PLC (PRGO) | Aug. 85.00 Puts | Raise the option stop loss to 10.10 (CP: 12.10) |
| Perrigo Co. PLC (PRGO) | Nov. 85.00 Puts | Raise the option stop loss to 11.20 (CP: 13.20) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Activision Blizzard, Inc. $69.61 | O:ATVI 18H72.50D17 | Aug. 72.50 | 4.00 | $34,031.55 | 19.97% | 17.41% | 4.55% |
Still Recommended
| Name | Action |
|---|---|
| Urban Outfitters, Inc. (URBN) - 39.01 | Sell the September 43.00 Calls. |
| Weight Watchers International, Inc. (WTW) - 69.53 | Sell the October 75.00 Calls. |
| Guess Inc. (GES) - 23.21 | Sell the September 25.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Deckers Outdoor Corporation ( DECK - 96.19 ) | September 97.50 covered write. |
| Axon Enterprise Inc. ( AAXN - 44.65 ) | September 45.00 covered write. |
| Continental Resources Inc. ( CLR - 66.22 ) | September 67.50 covered write. |
