Call: ProLogis (PLD) Put: Ralph Lauren (RL), Covered Write: JD.com (JD)
Daily Option Ideas for July 22, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| ProLogis - $98.38 | PLD2020K95 | Buy the November 95.00 calls at 8.80 | 92.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Home Depot, Inc. ( HD) | Sep. 250.00 Calls | Raise the option stop loss to 18.45 (CP: 20.45) |
| Agilent Technologies, Inc ( A) | Nov. 85.00 Calls | Raise the option stop loss to 11.50 (CP: 13.50) |
| Monster Beverage Corp. ( MNST) | Sep. 65.00 Calls | Raise the option stop loss to 9.40 (CP: 11.40) |
| Lowe's Companies, Inc. ( LOW) | Sep. 130.00 Calls | Raise the option stop loss to 17.95 (CP: 19.95) |
| Lowe's Companies, Inc. ( LOW) | Oct. 130.00 Calls | Raise the option stop loss to 19.60 (CP: 21.60) |
| Monster Beverage Corp. ( MNST) | Dec. 70.00 Calls | Raise the option stop loss to 7.40 (CP: 9.40) |
| Carmax Group ( KMX) | Oct. 92.50 Calls | Initiate an option stop loss of 9.00 (CP: 11.00) |
| Best Buy Co., Inc. ( BBY) | Oct. 85.00 Calls | Initiate an option stop loss of 11.65 (CP: 13.65) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Ralph Lauren - $71.36 | RL2016V75 | Buy the October 75.00 puts at 9.60 | 76.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
|
|
||
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| JD.COM INC $62.61 | JD2016J65 | Oct. 65.00 | 3.85 | $29,323.45 | 41.50% | 23.11% | 5.16% |
Still Recommended
| Name | Action |
|---|---|
| Bank of America (BAC) - 24.42 | Sell the November 25.00 Calls. |
| Applied Materials, Inc. (AMAT) - 63.81 | Sell the October 65.00 Calls. |
| Chegg Inc (CHGG) - 76.58 | Sell the October 75.00 Calls. |
| Big Lots, Inc. (BIG) - 41.18 | Sell the October 42.50 Calls. |
| Wendy's Company (WEN) - 22.81 | Sell the October 23.00 Calls. |
| Fifth Third Bancorp (FITB) - 19.36 | Sell the November 19.00 Calls. |
| Chegg Inc (CHGG) - 76.58 | Sell the October 75.00 Calls. |
| Wendy's Company (WEN) - 22.81 | Sell the November 23.00 Calls. |
| L Brands Inc. (LB) - 18.87 | Sell the November 20.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Micron Technology, Inc. ( MU - 51.52 ) | October 50.00 covered write. |
| Best Buy Co., Inc. ( BBY - 90.28 ) | September 90.00 covered write. |
