Call: The Gap Inc. (GPS), Put: Chevron Corp (CVX), Covered Write: Discover Financial (DFS)
Daily Option Ideas for November 3, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| The Gap, Inc. - $20.96 | GPS2115A20 | Buy the January 20.00 calls at 3.10 | 18.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Mosaic Company ( MOS) | Jan. 18.00 Calls | Stopped at 17.00 (CP: 17.16) |
| Discover Financial Services ( DFS) | Jan. 62.50 Calls | Raise the option stop loss to 7.70 (CP: 9.70) |
| Target Corporation ( TGT) | Jan. 145.00 Calls | Initiate an option stop loss of 14.30 (CP: 16.30) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Chevron Corporation - $71.73 | CVX2115M75 | Buy the January 75.00 puts at 7.90 | 77.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Vornado Realty Trust (VNO) | Dec. 40.00 Puts | Stopped at 8.00 (CP: 6.50) |
| CommScope Holding Company, Inc. (COMM) | Nov. 11.00 Puts | Initiate a stock price stop of 10.50 (CP: 9.54) |
| Baxter International Inc. (BAX) | Jan. 85.00 Puts | Initiate a stock price stop of 83.00 (CP: 77.27) |
| Fluor Corporation (FLR) | Jan. 12.50 Puts | Stopped at 13.00 (CP: 13.14) |
| Baker Hughes Company (BKR) | Jan. 15.00 Puts | Stopped at 16.00 (CP: 15.86) |
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 $67.21 | DFS2115A70 | Jan. 70.00 | 5.60 | $32,254.80 | 37.18% | 37.59% | 6.99% |
Still Recommended
| Name | Action |
|---|---|
| The Chemours Company (CC) - 20.88 | Sell the January 23.00 Calls. |
| L Brands Inc. (LB) - 33.02 | Sell the January 35.00 Calls. |
| Phillips-Van Heusen Corporation (PVH) - 59.77 | Sell the January 65.00 Calls. |
| General Motors (GM) - 34.55 | Sell the January 37.00 Calls. |
| QUALCOMM Incorporated (QCOM) - 123.97 | Sell the January 130.00 Calls. |
| Big Lots, Inc. (BIG) - 47.25 | Sell the January 52.50 Calls. |
| The Gap, Inc. (GPS) - 20.83 | Sell the January 23.00 Calls. |
| Steel Dynamics Inc. (STLD) - 31.89 | Sell the February 32.00 Calls. |
| Ryder System, Inc. (R) - 49.69 | Sell the February 52.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Fifth Third Bancorp ( FITB - 24.11 ) | February 24.00 covered write. |
