Call: Iron Mountain Inc (IRM); Put: Bed Bath & Beyond (BBBY), Covered Write Nucor Corporation (NUE).
Daily Option Ideas for August 2, 2021
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Iron Mountain Inc. - $43.76 | O: 22A42.50D21 | Buy the January 42.50 calls at 3.50 | 41.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Amphenol Corporation ( APH) | Oct. 67.50 Calls | Raise the option stop loss to 4.00 (CP: 6.00) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Bed Bath & Beyond Inc. - $28.33 | O: 21W29.00D19 | Buy the November 29.00 puts at 4.85 | 32.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Activision Blizzard, Inc. (ATVI) | Nov. 95.00 Puts | Raise the option stop loss to 11.85 (CP: 13.85) |
| Fastly, Inc. Class A (FSLY) | Dec. 55.00 Puts | Raise the option stop loss to 9.95 (CP: 11.95) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Nucor Corporation $104.02 | O: 21J105.00D15 | Oct. 105.00 | 5.30 | $48,926.90 | 30.88% | 21.30% | 4.14% |
Still Recommended
| Name | Action |
|---|---|
| Cleveland-Cliffs Inc. (CLF) - 25.00 | Sell the October 22.00 Calls. |
| Antero Resources Corp (AR) - 13.60 | Sell the November 15.00 Calls. |
| United States Steel Corporation (X) - 26.48 | Sell the October 25.00 Calls. |
| CommScope Holding Company, Inc. (COMM) - 21.16 | Sell the November 21.00 Calls. |
| Cloudflare Inc Class A (NET) - 118.63 | Sell the November 115.00 Calls. |
| Mosaic Company (MOS) - 31.23 | Sell the December 32.00 Calls. |
| Dick's Sporting Goods, Inc. (DKS) - 104.14 | Sell the December 110.00 Calls. |
| Halliburton Company (HAL) - 20.68 | Sell the October 21.00 Calls. |
| The Trade Desk Inc (TTD) - 81.91 | Sell the November 90.00 Calls. |
| Green Plains Inc. (GPRE) - 35.36 | Sell the December 36.00 Calls. |
| Alcoa Inc. (AA) - 40.15 | Sell the November 42.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| NVIDIA Corporation ( NVDA - 194.99 ) | November 195.00 covered write. |
| Applied Materials, Inc. ( AMAT - 139.93 ) | October 140.00 covered write. |
