Call: Marvell Technology Inc (MRVL); Put: JD.COM (JD); Covered Write: On Semiconductors (ON).
Daily Option Ideas for January 7, 2022
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Marvell Technology Inc. - $83.63 | O: 22E82.50D20 | Buy the May 82.50 calls at 8.85 | 80.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The Charles Schwab Corporation ( SCHW) | Feb. 82.50 Calls | Initiate an option stop loss of 8.60 (CP: 10.60) |
| Bank of America ( BAC) | Mar. 44.00 Calls | Raise the option stop loss to 3.90 (CP: 5.90) |
| United Parcel Service, Inc. ( UPS) | Mar. 210.00 Calls | Raise the option stop loss to 12.40 (CP: 14.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| JD.COM INC - $68.30 | O: 22O70.00D18 | Buy the March 70.00 puts at 7.20 | 72.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Analog Devices, Inc. (ADI) | Mar. 180.00 Puts | Initiate an option stop loss of 0.00 (CP: 14.80) |
| Block Inc (SQ) | Mar. 165.00 Puts | Raise the option stop loss to 25.95 (CP: 27.95) |
| Crocs, Inc. (CROX) | Jun. 135.00 Puts | Initiate an option stop loss of 21.60 (CP: 23.60) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| On Semiconductor Corp. $67.25 | O: 22B65.00D18 | Feb. 65.00 | 4.20 | $30,589.45 | 45.09% | 49.88% | 5.43% |
Still Recommended
| Name | Action |
|---|---|
| EQT Corporation (EQT) - 21.78 | Sell the March 23.00 Calls. |
| Extreme Networks, Inc. (EXTR) - 15.11 | Sell the March 15.00 Calls. |
| Advanced Micro Devices, Inc. (AMD) - 136.23 | Sell the March 145.00 Calls. |
| Xilinx, Inc. (XLNX) - 204.04 | Sell the March 230.00 Calls. |
| SeaWorld Entertainment, Inc. (SEAS) - 67.66 | Sell the March 70.00 Calls. |
| Alcoa Inc. (AA) - 58.45 | Sell the March 65.00 Calls. |
| Macy's Inc. (M) - 26.74 | Sell the May 28.00 Calls. |
| Seagate Technology (STX) - 112.38 | Sell the March 115.00 Calls. |
| Jabil Circuit, Inc. (JBL) - 70.17 | Sell the June 75.00 Calls. |
| Teck Resources Limited (TECK) - 29.10 | Sell the May 31.00 Calls. |
| Builders FirstSource, Inc. (BLDR) - 82.46 | Sell the May 85.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Arista Networks Inc ( ANET - 132.67 ) | May 150.00 covered write. |
