Call: NRG Energy (NRG), Put: Flir Systems (FLIR), Covered Write: Discover Financial Services (DFS)
Daily Option Ideas for August 12, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| NRG Energy, Inc. - $35.26 | NRG2018L34 | Buy the December 34.00 calls at 3.60 | 30.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Home Depot, Inc. ( HD) | Sep. 250.00 Calls | Raise the option stop loss to 30.85 (CP: 32.85) |
| Lowe's Companies, Inc. ( LOW) | Sep. 130.00 Calls | Raise the option stop loss to 24.05 (CP: 26.05) |
| Applied Materials, Inc. ( AMAT) | Oct. 55.00 Calls | Raise the option stop loss to 6.30 (CP: 8.30) |
| Fastenal Company ( FAST) | Nov. 40.00 Calls | Raise the option stop loss to 6.70 (CP: 8.70) |
| Best Buy Co., Inc. ( BBY) | Oct. 85.00 Calls | Raise the option stop loss to 18.80 (CP: 20.80) |
| D.R. Horton, Inc. ( DHI) | Nov. 60.00 Calls | Raise the option stop loss to 11.60 (CP: 13.60) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Flir Systems Inc - $36.55 | FLIR2018X40 | Buy the December 40.00 puts at 6.50 | 44.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| CME Group, Inc. (CME) | Sep. 170.00 Puts | Stopped at 172.00 (CP: 170.39) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Discover Financial Services $55.76 | DFS2115A60 | Jan. 60.00 | 4.60 | $25,240.45 | 41.59% | 18.58% | 7.36% |
Still Recommended
| Name | Action |
|---|---|
| JD.COM INC (JD) - 61.18 | Sell the October 65.00 Calls. |
| Lennar Corporation (LEN) - 73.57 | Sell the November 75.00 Calls. |
| Teradyne, Inc. (TER) - 86.27 | Sell the January 97.50 Calls. |
| eBay Inc. (EBAY) - 54.29 | Sell the January 60.00 Calls. |
| NIKE, Inc. (NKE) - 105.12 | Sell the January 110.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Astrazeneca Group PLC Ads (United Kingdom) ADR ( AZN - 55.18 ) | January 57.50 covered write. |
| Williams Companies Inc. ( WMB - 21.42 ) | November 22.00 covered write. |
