Call: Citizens Financial Group (CFG); Put: NRG Energy (NRG); Covered Write: Cleveland-Cliffs (CLF)
Daily Option Ideas for June 24, 2021
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Citizens Financial Group Inc - $46.64 | CFG2115J45 | Buy the October 45.00 calls at 3.90 | 41.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Microsoft Corporation ( MSFT) | Sep. 250.00 Calls | Raise the option stop loss to 18.80 (CP: 20.80) |
| Abercrombie & Fitch Co. ( ANF) | Nov. 40.00 Calls | Raise the option stop loss to 6.20 (CP: 8.20) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| NRG Energy, Inc. - $37.54 | NRG2117U38 | Buy the September 38.00 puts at 2.75 | 42.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Las Vegas Sands Corp. (LVS) | Sep. 60.00 Puts | Raise the option stop loss to 6.85 (CP: 8.85) |
| Advanced Micro Devices, Inc. (AMD) | Sep. 82.50 Puts | Stopped at 87.00 (CP: 86.44) |
| Digital Turbine Inc. (APPS) | Sep. 75.00 Puts | Stopped at 76.00 (CP: 79.02) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Cleveland-Cliffs Inc. $21.14 | CLF2115J22 | Oct. 22.00 | 3.30 | $9,325.00 | 54.26% | 52.82% | 14.06% |
Still Recommended
| Name | Action |
|---|---|
| The Gap, Inc. (GPS) - 32.94 | Sell the September 38.00 Calls. |
| International Game Technology (IGT) - 23.89 | Sell the October 25.00 Calls. |
| Timkensteel Corp. (TMST) - 14.22 | Sell the August 15.00 Calls. |
| The Gap, Inc. (GPS) - 32.94 | Sell the September 33.00 Calls. |
| Caesars Entertainment Inc. (CZR) - 103.22 | Sell the September 110.00 Calls. |
| Tanger Factory Outlet Centers (SKT) - 18.86 | Sell the September 20.00 Calls. |
| Himax Technologies, Inc. ADR (Taiwan) (HIMX) - 14.12 | Sell the September 16.00 Calls. |
| Devon Energy Corporation (DVN) - 29.10 | Sell the October 30.00 Calls. |
| Hawaiian Holdings, Inc. (HA) - 27.65 | Sell the October 28.00 Calls. |
| Tempur Sealy International Inc. (TPX) - 37.44 | Sell the August 37.50 Calls. |
| Norwegian Cruise Line Holdings Ltd. (NCLH) - 31.00 | Sell the August 32.50 Calls. |
| Allegheny Technologies, Inc. (ATI) - 21.33 | Sell the October 22.50 Calls. |
| The Chemours Company (CC) - 34.36 | Sell the October 35.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Murphy Oil Corp ( MUR - 24.94 ) | October 22.50 covered write. |
| Carnival Corporation ( CCL - 28.15 ) | October 32.50 covered write. |
