Call: Edwards Lifesciences (EW); Put: Crocs (CROX); Covered Write: Builders FirstSource (BLDR)
Daily Option Ideas for January 6, 2022
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Edwards Lifesciences Corporation - $123.40 | EW2220E125 | Buy the May 125.00 calls at 10.30 | 114.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Seagate Technology ( STX) | Feb. 105.00 Calls | Stopped at 11.05 (CP: 10.20) |
| United Parcel Service, Inc. ( UPS) | Mar. 210.00 Calls | Initiate an option stop loss of 11.25 (CP: 13.25) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Crocs, Inc. - $129.26 | CROX2217R135 | Buy the June 135.00 puts at 23.30 | 142.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Unity Software, Inc. (U) | Feb. 140.00 Puts | Initiate an option stop loss of 21.50 (CP: 23.50) |
| Block Inc (SQ) | Mar. 165.00 Puts | Raise the option stop loss to 23.70 (CP: 25.70) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Builders FirstSource, Inc. $82.40 | BLDR2220E85 | May. 85.00 | 8.00 | $37,672.20 | 31.93% | 25.65% | 8.61% |
Still Recommended
| Name | Action |
|---|---|
| EQT Corporation (EQT) - 21.69 | Sell the March 23.00 Calls. |
| Extreme Networks, Inc. (EXTR) - 14.77 | Sell the March 15.00 Calls. |
| Advanced Micro Devices, Inc. (AMD) - 136.15 | Sell the March 145.00 Calls. |
| Xilinx, Inc. (XLNX) - 201.66 | Sell the March 230.00 Calls. |
| SeaWorld Entertainment, Inc. (SEAS) - 64.82 | Sell the March 70.00 Calls. |
| Alcoa Inc. (AA) - 58.55 | Sell the March 65.00 Calls. |
| Arista Networks Inc (ANET) - 133.15 | Sell the May 150.00 Calls. |
| Macy's Inc. (M) - 26.44 | Sell the May 28.00 Calls. |
| Seagate Technology (STX) - 114.71 | Sell the March 115.00 Calls. |
| Jabil Circuit, Inc. (JBL) - 69.99 | Sell the June 75.00 Calls. |
| Teck Resources Limited (TECK) - 29.42 | Sell the May 31.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| D.R. Horton, Inc. ( DHI - 103.07 ) | May 110.00 covered write. |
