Call: Centene Corporation (CNC); Put: Penn National Gaming Inc (PENN); Covered Write: Marathon Oil Corp (MRO).
Daily Option Ideas for June 28, 2021
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Centene Corporation - $74.30 | O: 21L72.50D17 | Buy the December 72.50 calls at 7.20 | 67.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Microsoft Corporation ( MSFT) | Sep. 250.00 Calls | Raise the option stop loss to 20.60 (CP: 22.60) |
| Applied Materials, Inc. ( AMAT) | Oct. 135.00 Calls | Initiate an option stop loss of 11.90 (CP: 13.90) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Penn National Gaming Inc - $75.61 | O: 21V80.00D15 | Buy the October 80.00 puts at 12.10 | 80.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Las Vegas Sands Corp. (LVS) | Sep. 60.00 Puts | Raise the option stop loss to 7.60 (CP: 9.60) |
| Sunpower Corporation (SPWR) | Sep. 29.00 Puts | Stopped at 30.00 (CP: 30.54) |
| Las Vegas Sands Corp. (LVS) | Sep. 60.00 Puts | Raise the option stop loss to 7.60 (CP: 9.60) |
| Magnite Inc (MGNI) | Sep. 35.00 Puts | Stopped at 37.00 (CP: 36.76) |
| Canadian Solar Inc. (CSIQ) | Sep. 40.00 Puts | Stopped at 42.00 (CP: 45.47) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Marathon Oil Corporation $14.07 | O: 21I14.00D17 | Sep. 14.00 | 1.03 | $6,252.10 | 49.08% | 31.92% | 6.62% |
Still Recommended
| Name | Action |
|---|---|
| The Gap, Inc. (GPS) - 33.99 | Sell the September 38.00 Calls. |
| International Game Technology (IGT) - 23.73 | Sell the October 25.00 Calls. |
| Timkensteel Corp. (TMST) - 14.55 | Sell the August 15.00 Calls. |
| The Gap, Inc. (GPS) - 33.99 | Sell the September 33.00 Calls. |
| Caesars Entertainment Inc. (CZR) - 102.43 | Sell the September 110.00 Calls. |
| Tanger Factory Outlet Centers (SKT) - 18.87 | Sell the September 20.00 Calls. |
| Himax Technologies, Inc. ADR (Taiwan) (HIMX) - 14.14 | Sell the September 16.00 Calls. |
| Devon Energy Corporation (DVN) - 29.76 | Sell the October 30.00 Calls. |
| Hawaiian Holdings, Inc. (HA) - 26.75 | Sell the October 28.00 Calls. |
| Allegheny Technologies, Inc. (ATI) - 21.02 | Sell the October 22.50 Calls. |
| Cleveland-Cliffs Inc. (CLF) - 21.20 | Sell the October 22.00 Calls. |
| Olin Corp (OLN) - 46.66 | Sell the August 47.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Norwegian Cruise Line Holdings Ltd. ( NCLH - 31.03 ) | August 32.50 covered write. |
