Call: Schlumberger Limited (SLB); Put: Vuzix Corporation (VUZI); Covered Write: Wendy's Company (WEN).
Daily Option Ideas for July 2, 2021
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Schlumberger Limited - $32.79 | O: 21J32.50D15 | Buy the October 32.50 calls at 3.05 | 30.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Tempur Sealy International Inc. ( TPX) | Sep. 35.00 Calls | Initiate an option stop loss of 5.70 (CP: 7.70) |
| Microsoft Corporation ( MSFT) | Sep. 250.00 Calls | Raise the option stop loss to 28.10 (CP: 30.10) |
| Accenture PLC ( ACN) | Nov. 300.00 Calls | Initiate an option stop loss of 13.40 (CP: 15.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Vuzix Corporation - $17.73 | O: 21V18.00D15 | Buy the October 18.00 puts at 3.50 | 19.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| NRG Energy, Inc. (NRG) | Sep. 38.00 Puts | Stopped at 42.00 (CP: 41.46) |
| Liveramp Holdings Inc. (RAMP) | Aug. 50.00 Puts | Initiate an option stop loss of 4.30 (CP: 6.30) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Wendy's Company $23.19 | O: 21K24.00D19 | Nov. 24.00 | 23.19 | $11,007.85 | 20.75% | 13.67% | 4.98% |
Still Recommended
| Name | Action |
|---|---|
| The Gap, Inc. (GPS) - 33.52 | Sell the September 38.00 Calls. |
| International Game Technology (IGT) - 23.98 | Sell the October 25.00 Calls. |
| Timkensteel Corp. (TMST) - 13.86 | Sell the August 15.00 Calls. |
| The Gap, Inc. (GPS) - 33.52 | Sell the September 33.00 Calls. |
| Caesars Entertainment Inc. (CZR) - 102.90 | Sell the September 110.00 Calls. |
| Tanger Factory Outlet Centers (SKT) - 19.31 | Sell the September 20.00 Calls. |
| Himax Technologies, Inc. ADR (Taiwan) (HIMX) - 15.91 | Sell the September 16.00 Calls. |
| Devon Energy Corporation (DVN) - 29.96 | Sell the October 30.00 Calls. |
| Hawaiian Holdings, Inc. (HA) - 24.89 | Sell the October 28.00 Calls. |
| Allegheny Technologies, Inc. (ATI) - 21.18 | Sell the October 22.50 Calls. |
| Cleveland-Cliffs Inc. (CLF) - 22.06 | Sell the October 22.00 Calls. |
| Olin Corp (OLN) - 46.50 | Sell the August 47.00 Calls. |
| Marathon Oil Corporation (MRO) - 14.17 | Sell the September 14.00 Calls. |
| Antero Resources Corp (AR) - 15.06 | Sell the November 15.00 Calls. |
| Macy's Inc. (M) - 18.83 | Sell the November 20.00 Calls. |
| Avantor, Inc. (AVTR) - 36.21 | Sell the November 37.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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