Call: Applied Materials (AMAT); Put: Delta Airlines (DAL); Covered Call: Barrick Gold Corp (GOLD)
Daily Option Ideas for September 2, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Applied Materials, Inc. - $65.08 | O: 21A62.50D15 | Buy the January 62.50 calls at 8.85 | 59.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Fastenal Company ( FAST) | Nov. 40.00 Calls | Raise the option stop loss to 8.20 (CP: 10.20) |
| Boston Scientific Corporation ( BSX) | Nov. 35.00 Calls | Raise the option stop loss to 6.00 (CP: 8.00) |
| Crocs, Inc. ( CROX) | Dec. 37.00 Calls | Raise the option stop loss to 4.60 (CP: 6.60) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Delta Air Lines Inc. - $31.14 | O: 21M32.00D15 | Buy the January 32.00 puts at 5.90 | 34.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| ConocoPhillips (COP) | Nov. 45.00 Puts | Raise the option stop loss to 7.40 (CP: 9.40) |
| Foot Locker, Inc. (FL) | Nov. 32.50 Puts | Stopped at 32.00 (CP: 32.17) |
| Nucor Corporation (NUE) | Oct. 45.00 Puts | Stopped at 47.00 (CP: 47.39) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Barrick Gold Corporation $29.33 | O: 21A31.00D15 | Jan. 31.00 | 2.45 | $13,740.30 | 31.71% | 20.95% | 7.19% |
Still Recommended
| Name | Action |
|---|---|
| Wendy's Company (WEN) - 20.95 | Sell the November 22.00 Calls. |
| Teradyne, Inc. (TER) - 85.35 | Sell the January 97.50 Calls. |
| PulteGroup, Inc. (PHM) - 46.05 | Sell the January 50.00 Calls. |
| Qorvo Inc. (QRVO) - 131.48 | Sell the November 135.00 Calls. |
| Bank of America (BAC) - 25.71 | Sell the December 27.00 Calls. |
| Canadian Natural Resources Ltd. (CNQ) - 19.95 | Sell the December 21.00 Calls. |
| Ally Financial Inc. (ALLY) - 22.91 | Sell the December 24.00 Calls. |
| Microchip Technology Incorporated (MCHP) - 112.35 | Sell the November 115.00 Calls. |
| Aptiv PLC (APTV) - 87.05 | Sell the November 87.50 Calls. |
| The Walt Disney Company (DIS) - 133.55 | Sell the January 140.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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