Call: Lennar Corp (LEN), Put: Walgreens Boots Alliance (WBA), Covered Write: Salesforce.com (CRM)
Daily Option Ideas for July 15, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Lennar Corporation - $68.32 | LEN2020K65 | Buy the November 65.00 calls at 10.20 | 62.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Morgan Stanley ( MS) | Sep. 46.00 Calls | Raise the option stop loss to 4.50 (CP: 6.50) |
| Lowe's Companies, Inc. ( LOW) | Sep. 130.00 Calls | Raise the option stop loss to 12.70 (CP: 14.70) |
| Lowe's Companies, Inc. ( LOW) | Oct. 130.00 Calls | Initiate an option stop loss of 14.00 (CP: 16.00) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Walgreens Boots Alliance Inc. - $40.68 | WBA2016V45 | Buy the July 45.00 puts at 6.75 | 45.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Cognizant Technology Solutions (CTSH) | Oct. 55.00 Puts | Stopped at 60.00 (CP: 59.81) |
| Medtronic PLC (MDT) | Nov. 92.50 Puts | Stopped at 97.00 (CP: 97.03) |
| Vornado Realty Trust (VNO) | Sep. 40.00 Puts | Stopped at 5.00 (CP: 4.90) |
| Capri Holdings Ltd (CPRI) | Nov. 17.50 Puts | Stopped at 17.00 (CP: 16.89) |
| Simon Property Group, Inc. (SPG) | Oct. 65.00 Puts | Stopped at 66.00 (CP: 66.36) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Salesforce.com, Inc. $189.56 | CRM2020K195 | Nov. 195.00 | 12.80 | $88,649.45 | 25.44% | 17.36% | 5.74% |
Still Recommended
| Name | Action |
|---|---|
| Micron Technology, Inc. (MU) - 49.71 | Sell the October 50.00 Calls. |
| Bank of America (BAC) - 24.14 | Sell the November 25.00 Calls. |
| D.R. Horton, Inc. (DHI) - 59.15 | Sell the November 60.00 Calls. |
| Applied Materials, Inc. (AMAT) - 62.54 | Sell the October 65.00 Calls. |
| Chegg Inc (CHGG) - 69.20 | Sell the October 75.00 Calls. |
| Big Lots, Inc. (BIG) - 37.96 | Sell the October 42.50 Calls. |
| Best Buy Co., Inc. (BBY) - 86.89 | Sell the September 90.00 Calls. |
| Texas Instruments Incorporated (TXN) - 131.89 | Sell the November 135.00 Calls. |
| Wendy's Company (WEN) - 21.72 | Sell the October 23.00 Calls. |
| Fifth Third Bancorp (FITB) - 18.15 | Sell the November 19.00 Calls. |
| J.P. Morgan Chase & Co. (JPM) - 98.21 | Sell the September 100.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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