Call: QUALCOMM Inc. (QCOM), Put: Intel Corp (INTC), Covered Write: T-Mobile US Inc. (TMUS)
Daily Option Ideas for September 8, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| QUALCOMM Incorporated - $109.77 | QCOM2115A100 | Buy the January 100.00 calls at 17.05 | 104.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| StoneCo Ltd. Class A ( STNE) | Jan. 50.00 Calls | Stopped at 48.00 (CP: 49.60) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Intel Corporation - $48.91 | INTC2115M55 | Buy the January 55.00 puts at 8.50 | 53.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| ConocoPhillips (COP) | Nov. 45.00 Puts | Raise the option stop loss to 9.05 (CP: 11.05) |
| Walgreens Boots Alliance Inc. (WBA) | Jan. 42.50 Puts | Raise the option stop loss to 5.55 (CP: 7.55) |
| Gilead Sciences, Inc. (GILD) | Nov. 70.00 Puts | Raise the option stop loss to 5.90 (CP: 7.90) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| T-Mobile US Inc. $114.29 | TMUS2115A115 | Jan. 115.00 | 7.15 | $52,803.60 | 22.18% | 15.98% | 5.34% |
Still Recommended
| Name | Action |
|---|---|
| Wendy's Company (WEN) - 21.58 | Sell the November 22.00 Calls. |
| PulteGroup, Inc. (PHM) - 43.21 | Sell the January 50.00 Calls. |
| Bank of America (BAC) - 26.54 | Sell the December 27.00 Calls. |
| Ally Financial Inc. (ALLY) - 25.24 | Sell the December 24.00 Calls. |
| Aptiv PLC (APTV) - 86.21 | Sell the November 87.50 Calls. |
| The Walt Disney Company (DIS) - 131.99 | Sell the January 140.00 Calls. |
| Barrick Gold Corporation (GOLD) - 29.05 | Sell the January 31.00 Calls. |
| Dynatrace, Inc. (DT) - 39.99 | Sell the December 45.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Canadian Natural Resources Ltd. ( CNQ - 19.73 ) | December 21.00 covered write. |
| Microchip Technology Incorporated ( MCHP - 108.15 ) | November 115.00 covered write. |
| Citigroup, Inc. ( C - 52.52 ) | December 57.50 covered write. |
