Call: General Motors (GM), Put: Dominion Energy (D), Covered Write: Alcoa (AA)
Daily Option Ideas for February 24, 2021
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| General Motors - $52.90 | GM2118F50 | Buy the June 50.00 calls at 6.95 | 48.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Weyerhaeuser Company ( WY) | Apr. 30.00 Calls | Raise the option stop loss to 3.80 (CP: 5.80) |
| Exxon Mobil Corporation ( XOM) | Jun. 42.50 Calls | Raise the option stop loss to 12.70 (CP: 14.70) |
| Freeport-McMoRan Inc. ( FCX) | May. 25.00 Calls | Raise the option stop loss to 11.35 (CP: 13.35) |
| Morgan Stanley ( MS) | Apr. 65.00 Calls | Raise the option stop loss to 13.95 (CP: 15.95) |
| J.P. Morgan Chase & Co. ( JPM) | Jun. 135.00 Calls | Raise the option stop loss to 19.40 (CP: 21.40) |
| Bank of America ( BAC) | Jun. 30.00 Calls | Initiate an option stop loss of 4.80 (CP: 6.80) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Dominion Energy Inc. - $71.17 | D2116S72.5 | Buy the July 72.50 puts at 5.60 | 75.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
|
|
||
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Alcoa Inc. $24.90 | AA2116G30 | Jul. 30.00 | 3.00 | $12,251.00 | 54.82% | 28.30% | 9.92% |
Still Recommended
| Name | Action |
|---|---|
| Cree Research Inc (CREE) - 117.92 | Sell the June 125.00 Calls. |
| FireEye, Inc (FEYE) - 19.92 | Sell the June 25.00 Calls. |
| Synchrony Financial (SYF) - 38.48 | Sell the June 40.00 Calls. |
| Micron Technology, Inc. (MU) - 88.23 | Sell the May 90.00 Calls. |
| General Motors (GM) - 51.11 | Sell the June 55.00 Calls. |
| Taiwan Semiconductor Manufacturing Co. (Taiwan) ADR (TSM) - 129.10 | Sell the July 140.00 Calls. |
| Devon Energy Corporation (DVN) - 21.59 | Sell the July 23.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Cimarex Energy Co. ( XEC - 57.02 ) | June 55.00 covered write. |
| Vale S.A., (Brazil) ADR ( VALE - 17.90 ) | April 18.00 covered write. |
