Call: Ball Corporation (BLL); Put: HSBC Holding PLC (HSBC); Covered Write: OneMain Holdings (OMF).
Daily Option Ideas for November 23, 2020
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Ball Corporation - $95.44 | O: 21B95.00D19 | Buy the February 95.00 calls at 5.80 | 87.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Morgan Stanley ( MS) | Jan. 45.00 Calls | Raise the option stop loss to 14.75 (CP: 16.75) |
| Freeport-McMoRan Inc. ( FCX) | Jan. 16.00 Calls | Raise the option stop loss to 3.90 (CP: 5.90) |
| Viacom CBS Inc. ( VIAC) | Jan. 26.00 Calls | Raise the option stop loss to 6.50 (CP: 8.50) |
| The Gap, Inc. ( GPS) | Jan. 20.00 Calls | Raise the option stop loss to 4.25 (CP: 6.25) |
| NIKE, Inc. ( NKE) | Mar. 125.00 Calls | Raise the option stop loss to 12.15 (CP: 14.15) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| HSBC Holding PLC (United Kingdom) ADR - $25.61 | O: 21O26.00D19 | Buy the March 26.00 puts at 2.44 | 28.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Johnson & Johnson (JNJ) | Mar. 155.00 Puts | Initiate an option stop loss of 12.40 (CP: 14.40) |
| CF Industries Holdings, Inc. (CF) | Feb. 35.00 Puts | Stopped at 36.00 (CP: 36.01) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| OneMain Holdings Inc. $37.55 | O: 21B40.00D19 | Feb. 40.00 | 2.50 | $18,376.70 | 32.26% | 23.55% | 5.37% |
Still Recommended
| Name | Action |
|---|---|
| The Chemours Company (CC) - 22.80 | Sell the January 23.00 Calls. |
| Synchrony Financial (SYF) - 29.45 | Sell the March 31.00 Calls. |
| Truist Financial Corp (TFC) - 46.21 | Sell the March 50.00 Calls. |
| QUALCOMM Incorporated (QCOM) - 146.03 | Sell the March 150.00 Calls. |
| The TJX Companies, Inc. (TJX) - 60.68 | Sell the April 65.00 Calls. |
| The Chemours Company (CC) - 22.80 | Sell the April 24.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| The Gap, Inc. ( GPS - 24.37 ) | January 23.00 covered write. |
| Sysco Corporation ( SYY - 70.00 ) | February 75.00 covered write. |
