Call: Williams Companies (WMB), Put: Edison International (EIX), Covered Write: Electronic Arts (EA)
Daily Option Ideas for August 18, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Williams Companies Inc. - $21.78 | WMB2115A20 | Buy the January 20.00 calls at 2.80 | 18.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Home Depot, Inc. ( HD) | Sep. 250.00 Calls | Raise the option stop loss to 34.05 (CP: 36.05) |
| Lowe's Companies, Inc. ( LOW) | Sep. 130.00 Calls | Raise the option stop loss to 26.20 (CP: 28.20) |
| Fastenal Company ( FAST) | Nov. 40.00 Calls | Raise the option stop loss to 6.80 (CP: 8.80) |
| J.P. Morgan Chase & Co. ( JPM) | Dec. 95.00 Calls | Stopped at 11.10 (CP: 9.25) |
| Carmax Group ( KMX) | Oct. 92.50 Calls | Raise the option stop loss to 14.70 (CP: 16.70) |
| Best Buy Co., Inc. ( BBY) | Oct. 85.00 Calls | Raise the option stop loss to 23.90 (CP: 25.90) |
| Discover Financial Services ( DFS) | Oct. 45.00 Calls | Stopped at 9.20 (CP: 7.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Edison International - $51.74 | EIX2018L55 | Buy the December 57.50 puts at 2.10 | 58.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Smartsheet, Inc. Class A (SMAR) | Nov. 50.00 Puts | Stopped at 8.90 (CP: 7.10) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Electronic Arts Inc. $140.45 | EA2018L150 | Dec. 150.00 | 7.85 | $68,021.20 | 27.56% | 13.96% | 4.46% |
Still Recommended
| Name | Action |
|---|---|
| Wendy's Company (WEN) - 21.31 | Sell the November 22.00 Calls. |
| Lennar Corporation (LEN) - 77.07 | Sell the November 75.00 Calls. |
| Teradyne, Inc. (TER) - 91.98 | Sell the January 97.50 Calls. |
| eBay Inc. (EBAY) - 57.35 | Sell the January 60.00 Calls. |
| Discover Financial Services (DFS) - 52.59 | Sell the January 60.00 Calls. |
| PulteGroup, Inc. (PHM) - 46.43 | Sell the January 50.00 Calls. |
| Pennymac Mortgage Investment Trust (PMT) - 17.87 | Sell the January 20.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| JD.COM INC ( JD - 66.98 ) | October 65.00 covered write. |
