Call: Ameriprise Financial (AMP); Put: Aflac (AFL), Covered Write: Ryder System Inc (R)
Daily Option Ideas for November 2, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Ameriprise Financial - $164.50 | O: 21C160.00D19 | Buy the March 160.00 calls at 17.80 | 154.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Comcast Corporation ( CMCSA) | Jan. 40.00 Calls | Stopped at 41.00 (CP: 41.27) |
| Discover Financial Services ( DFS) | Jan. 62.50 Calls | Initiate an option stop loss of 6.40 (CP: 8.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| AFLAC Incorporated - $35.52 | O: 21N37.50D19 | Buy the February 37.50 puts at 4.30 | 39.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Gilead Sciences, Inc. (GILD) | Jan. 67.50 Puts | Raise the option stop loss to 8.25 (CP: 10.25) |
| Activision Blizzard, Inc. (ATVI) | Jan. 82.50 Puts | Raise the option stop loss to 6.50 (CP: 8.70) |
| Equity Residential (EQR) | Jan. 55.00 Puts | Stopped at 7.60 (CP: 7.20) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Ryder System, Inc. $49.26 | O: 21B52.50D19 | Feb. 52.50 | 3.20 | $23,595.30 | 34.14% | 18.94% | 5.35% |
Still Recommended
| Name | Action |
|---|---|
| The Chemours Company (CC) - 20.14 | Sell the January 23.00 Calls. |
| L Brands Inc. (LB) - 32.01 | Sell the January 35.00 Calls. |
| Phillips-Van Heusen Corporation (PVH) - 58.29 | Sell the January 65.00 Calls. |
| Fifth Third Bancorp (FITB) - 23.22 | Sell the February 24.00 Calls. |
| General Motors (GM) - 34.53 | Sell the January 37.00 Calls. |
| QUALCOMM Incorporated (QCOM) - 123.36 | Sell the January 130.00 Calls. |
| Big Lots, Inc. (BIG) - 47.60 | Sell the January 52.50 Calls. |
| The Gap, Inc. (GPS) - 19.45 | Sell the January 23.00 Calls. |
| Steel Dynamics Inc. (STLD) - 31.48 | Sell the February 32.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Twitter, Inc ( TWTR - 41.36 ) | January 47.00 covered write. |
