Calls: Arthur J. Gallagher & Co. (AJG); Put: Merit Medical Systems Inc (MMSI); Covered Write: Applied Materials Inc (AMAT).
Daily Option Ideas for December 11, 2019
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Arthur J. Gallagher & Co. - $94.44 | O: 20D90.00D17 | Buy the April 90.00 calls at 6.90 | 85.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Agilent Technologies, Inc ( A) | Feb. 70.00 Calls | Raise the option stop loss to 1.55 (CP: 13.55) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Merit Medical Systems Inc - $30.01 | O: 20P35.00D17 | Buy the April 35.00 puts at 6.80 | 33.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Omnicom Group Inc. (OMC) | Apr. 80.00 Puts | Stopped at 81.00 (CP: 80.75) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Applied Materials, Inc. $56.62 | O: 20D60.00D17 | Apr. 60.00 | 4.20 | $27,635.20 | 21.37% | 18.42% | 6.07% |
Still Recommended
| Name | Action |
|---|---|
| Boot Barn Holdings Inc (BOOT) - 41.61 | Sell the February 40.00 Calls. |
| Boot Barn Holdings Inc (BOOT) - 41.61 | Sell the February 40.00 Calls. |
| United Rentals, Inc. (URI) - 153.78 | Sell the March 160.00 Calls. |
| KB Home (KBH) - 34.98 | Sell the April 36.00 Calls. |
| Chegg Inc (CHGG) - 37.94 | Sell the April 40.00 Calls. |
| Micron Technology, Inc. (MU) - 47.46 | Sell the April 50.00 Calls. |
| XPO Logistics Inc (XPO) - 81.00 | Sell the May 90.00 Calls. |
| Vertex Pharmaceuticals Incorporated (VRTX) - 220.27 | Sell the April 230.00 Calls. |
| Lattice Semiconductor Corp (LSCC) - 18.83 | Sell the March 20.00 Calls. |
| Take-Two Interactive Software, Inc. (TTWO) - 122.29 | Sell the March 125.00 Calls. |
| Advanced Micro Devices, Inc. (AMD) - 39.44 | Sell the April 40.00 Calls. |
| JD.COM INC (JD) - 33.26 | Sell the March 35.00 Calls. |
| Crocs, Inc. (CROX) - 35.60 | Sell the March 37.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Centene Corporation ( CNC - 59.62 ) | March 62.50 covered write. |
| Manhattan Associates, Inc. ( MANH - 79.19 ) | April 85.00 covered write. |
| Best Buy Co., Inc. ( BBY - 82.88 ) | March 85.00 covered write. |
