Call: Franco-Nevada Corp (FNV); Put: Western Union Company (WU); Covered Write: Rent-A-Center Inc (RAC).
Daily Option Ideas for May 18, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Franco-Nevada Corp. - $147.24 | O: 20J145.00D16 | Buy the October 145.00 calls at 16.60 | 136.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Agilent Technologies, Inc ( A) | Aug. 77.50 Calls | Initiate an option stop loss of 7.80 (CP: 9.80) |
| The Walt Disney Company ( DIS) | Sep. 105.00 Calls | Initiate an option stop loss of 15.20 (CP: 17.20) |
| DocuSign, Inc. ( DOCU) | Sep. 100.00 Calls | Stopped at 29.60 (CP: 28.60) |
| AbbVie Inc. ( ABBV) | Sep. 80.00 Calls | Initiate an option stop loss of 11.40 (CP: 13.40) |
| Best Buy Co., Inc. ( BBY) | Sep. 75.00 Calls | Initiate an option stop loss of 14.80 (CP: 16.80) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Western Union Company - $19.40 | O: 20T20.00D21 | Buy the August 20.00 puts at 2.05 | 21.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Walgreens Boots Alliance Inc. (WBA) | Jul. 47.50 Puts | Stopped at 7.05 (CP: 6.55) |
| Walgreens Boots Alliance Inc. (WBA) | Oct. 45.00 Puts | Stopped at 6.05 (CP: 6.00) |
| Loews Corporation (L) | Sep. 40.00 Puts | Stopped at 9.40 (CP: 8.70) |
| FedEx Corporation (FDX) | Oct. 125.00 Puts | Stopped at 21.40 (CP: 15.80) |
| Helmerich & Payne, Inc. (HP) | Sep. 20.00 Puts | Stopped at 19.00 (CP: 19.25) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Rent-A-Center, Inc. $24.01 | O: 20I25.00D18 | Sep. 25.00 | 2.65 | $11,242.55 | 29.91% | 31.34% | 9.55% |
Still Recommended
| Name | Action |
|---|---|
| Copart Incorporated (CPRT) - 79.54 | Sell the August 85.00 Calls. |
| Micron Technology, Inc. (MU) - 44.41 | Sell the October 50.00 Calls. |
| Apollo Global Management Inc. (APO) - 40.69 | Sell the September 45.00 Calls. |
| Chevron Corporation (CVX) - 89.16 | Sell the September 95.00 Calls. |
| Electronic Arts Inc. (EA) - 118.13 | Sell the September 120.00 Calls. |
| Newmont Corp (NEM) - 67.90 | Sell the September 70.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Best Buy Co., Inc. ( BBY - 78.61 ) | September 77.50 covered write. |
| Intel Corporation ( INTC - 58.28 ) | August 60.00 covered write. |
