Call: Best Buy (BBY), Put: Altria (MO), Covered Write: Hess (HES)
Daily Option Ideas for June 3, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Best Buy Co., Inc. - $82.32 | BBY2018I75 | Buy the September 75.00 calls at 12.90 | 75.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The Blackstone Group Inc ( BX) | Sep. 50.00 Calls | Raise the option stop loss to 8.85 (CP: 10.85) |
| Electronic Arts Inc. ( EA) | Sep. 115.00 Calls | Stopped at 14.45 (CP: 12.65) |
| Electronic Arts Inc. ( EA) | Sep. 110.00 Calls | Stopped at 12.60 (CP: 12.65) |
| Square Inc ( SQ) | Sep. 80.00 Calls | Raise the option stop loss to 15.65 (CP: 17.65) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Altria Group Inc. - $40.35 | MO2018U45 | Buy the September 45.00 puts at 6.80 | 43.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| FedEx Corporation (FDX) | Jun. 165.00 Puts | Stopped at 136.00 (CP: 138.09) |
| Exelon Corporation (EXC) | Oct. 38.00 Puts | Stopped at 40.00 (CP: 39.87) |
| Newell Brands Inc. (NWL) | Sep. 15.00 Puts | Stopped at 15.00 (CP: 15.08) |
| Lumentum Holdings Inc (LITE) | Sep. 75.00 Puts | Stopped at 77.00 (CP: 78.31) |
| Xerox Corporation (XRX) | Oct. 20.00 Puts | Raise the stock price stop loss to 18.50 (CP: 18.25) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Hess Corporation $51.74 | HES2021H55 | Aug. 55.00 | 3.95 | $24,375.45 | 54.28% | 32.12% | 6.50% |
Still Recommended
| Name | Action |
|---|---|
| Micron Technology, Inc. (MU) - 46.82 | Sell the October 50.00 Calls. |
| Intel Corporation (INTC) - 62.12 | Sell the September 65.00 Calls. |
| Live Nation Entertainment Inc. (LYV) - 50.53 | Sell the October 55.00 Calls. |
| Phillips 66 (PSX) - 81.57 | Sell the August 82.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Chevron Corporation ( CVX - 94.69 ) | September 95.00 covered write. |
| The Walt Disney Company ( DIS - 118.75 ) | September 120.00 covered write. |
| The PNC Financial Services Group Inc. ( PNC - 114.86 ) | August 115.00 covered write. |
