Call: Citigroup (C), Put: Eastman Chemical Company (EMN), Covered Write: Pan American Silver Corp (PAAS)
Daily Option Ideas for February 10, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Citigroup, Inc. - $78.49 | C2019F75 | Buy the June 75.00 calls at 6.40 | 72.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| CBRE Group, Inc. ( CBRE) | Mar. 55.00 Calls | Raise the option stop loss to 7.20 (CP: 9.20) |
| Arthur J. Gallagher & Co. ( AJG) | Apr. 90.00 Calls | Raise the option stop loss to 14.30 (CP: 16.30) |
| Arthur J. Gallagher & Co. ( AJG) | Apr. 90.00 Calls | Raise the option stop loss to 14.10 (CP: 16.30) |
| Guidewire Software Inc ( GWRE) | Apr. 105.00 Calls | Raise the option stop loss to 14.70 (CP: 16.70) |
| CSX Corporation ( CSX) | May. 72.50 Calls | Initiate an option stop loss of 5.60 (CP: 7.60) |
| Axon Enterprise Inc. ( AAXN) | Jun. 80.00 Calls | Initiate an option stop loss of 10.60 (CP: 12.60) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Eastman Chemical Company - $73.13 | EMN2019R80 | Buy the June 80.00 puts at 9.50 | 76.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Cantel Medical Corp. (CMD) | Jun. 70.00 Puts | Raise the option stop loss to 8.00 (CP: 10.00) |
| Rite Aid Corporation (RAD) | Apr. 13.00 Puts | Stopped at 14.00 (CP: 13.76) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Pan American Silver Corp $22.29 | PAAS2017G23 | Jul. 23.00 | 2.15 | $10,353.80 | 23.05% | 21.22% | 8.41% |
Still Recommended
| Name | Action |
|---|---|
| Stericycle, Inc. (SRCL) - 64.45 | Sell the May 65.00 Calls. |
| Fastly, Inc. Class A (FSLY) - 21.61 | Sell the June 27.00 Calls. |
| Axon Enterprise Inc. (AAXN) - 82.85 | Sell the June 85.00 Calls. |
| Crocs, Inc. (CROX) - 37.84 | Sell the June 41.00 Calls. |
| Axon Enterprise Inc. (AAXN) - 82.85 | Sell the June 80.00 Calls. |
| Eldorado Resorts Inc (ERI) - 62.30 | Sell the June 65.00 Calls. |
| Western Digital Corporation (WDC) - 67.03 | Sell the June 70.00 Calls. |
| Micron Technology, Inc. (MU) - 56.88 | Sell the June 60.00 Calls. |
| Aerovironment, Inc. (AVAV) - 67.80 | Sell the June 75.00 Calls. |
| Tempur Sealy International Inc. (TPX) - 90.49 | Sell the June 95.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Planet Fitness Inc ( PLNT - 82.58 ) | May 82.50 covered write. |
| Okta Inc ( OKTA - 132.79 ) | May 130.00 covered write. |
