Call: Discover Financial Services (DFS); Put: Walmart (WMT); Covered Write: Vale S.A. (VALE).
Daily Option Ideas for February 22, 2021
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Discover Financial Services - $95.39 | O: 21D95.00D16 | Buy the April 95.00 calls at 6.50 | 88.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| CBRE Group, Inc. ( CBRE) | Mar. 60.00 Calls | Raise the option stop loss to 13.20 (CP: 15.20) |
| Exxon Mobil Corporation ( XOM) | Jun. 42.50 Calls | Raise the option stop loss to 10.65 (CP: 12.65) |
| Truist Financial Corp ( TFC) | Jun. 45.00 Calls | Raise the option stop loss to 12.60 (CP: 14.60) |
| Freeport-McMoRan Inc. ( FCX) | May. 25.00 Calls | Raise the option stop loss to 11.25 (CP: 13.25) |
| Morgan Stanley ( MS) | Apr. 65.00 Calls | Raise the option stop loss to 12.00 (CP: 14.00) |
| Apple Inc. ( AAPL) | Jun. 125.00 Calls | Stopped at 126.00 (CP: 126.53) |
| Micron Technology, Inc. ( MU) | Jun. 75.00 Calls | Stopped at 18.05 (CP: 16.05) |
| DraftKings Inc Class A ( DKNG) | May. 55.00 Calls | Initiate an option stop loss of 8.55 (CP: 10.55) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Walmart Inc. - $137.69 | O: 21Q140.00D21 | Buy the May 140.00 puts at 8.50 | 148.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| New York Community Bancorp, Inc. (NYCB) | Apr. 11.00 Puts | Stopped at 12.00 (CP: 12.08) |
| Advanced Micro Devices, Inc. (AMD) | Jun. 92.50 Puts | Initiate an option stop loss of 11.10 (CP: 13.10) |
| Las Vegas Sands Corp. (LVS) | Apr. 57.50 Puts | Stopped at 61.00 (CP: 62.70) |
| Las Vegas Sands Corp. (LVS) | Jun. 60.00 Puts | Stopped at 61.00 (CP: 62.70) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Vale S.A., (Brazil) ADR $18.22 | O: 21D18.00D16 | Apr. 18.00 | 0.91 | $8,402.20 | 41.81% | 29.74% | 4.14% |
Still Recommended
| Name | Action |
|---|---|
| MGM Resorts International (MGM) - 36.42 | Sell the June 35.00 Calls. |
| Cree Research Inc (CREE) - 125.86 | Sell the June 125.00 Calls. |
| FireEye, Inc (FEYE) - 20.81 | Sell the June 25.00 Calls. |
| Cimarex Energy Co. (XEC) - 50.30 | Sell the June 55.00 Calls. |
| Synchrony Financial (SYF) - 38.08 | Sell the June 40.00 Calls. |
| Micron Technology, Inc. (MU) - 90.96 | Sell the May 90.00 Calls. |
| General Motors (GM) - 52.57 | Sell the June 55.00 Calls. |
| Taiwan Semiconductor Manufacturing Co. (Taiwan) ADR (TSM) - 136.66 | Sell the July 140.00 Calls. |
| Comerica Incorporated (CMA) - 66.71 | Sell the April 67.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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