Call: Ally Financial (ALLY); Put: Salesforce.com (CRM); Covered Write: Continental Resources (CLR)
Daily Option Ideas for January 11, 2022
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Ally Financial Inc. - $50.68 | ALLY2217F50 | Buy the June 50.00 calls at 4.45 | 44.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The Charles Schwab Corporation ( SCHW) | Feb. 82.50 Calls | Raise the option stop loss to 9.70 (CP: 11.70) |
| Morgan Stanley ( MS) | Feb. 97.50 Calls | Raise the option stop loss to 7.15 (CP: 9.15) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Salesforce.com, Inc. - $235.18 | CRM2220Q240 | Buy the May 240.00 puts at 20.35 | 262.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Block Inc (SQ) | Mar. 165.00 Puts | Stopped at 25.95 (CP: 22.45) |
| Crocs, Inc. (CROX) | Jun. 135.00 Puts | Stopped at 22.90 (CP: 22.80) |
| JD.COM INC (JD) | Mar. 70.00 Puts | Stopped at 72.00 (CP: 76.55) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Continental Resources Inc. $48.69 | CLR2217F55 | Jun. 55.00 | 4.90 | $23,536.55 | 36.61% | 21.42% | 8.44% |
Still Recommended
| Name | Action |
|---|---|
| EQT Corporation (EQT) - 23.00 | Sell the March 23.00 Calls. |
| Extreme Networks, Inc. (EXTR) - 14.53 | Sell the March 15.00 Calls. |
| Advanced Micro Devices, Inc. (AMD) - 132.00 | Sell the March 145.00 Calls. |
| Xilinx, Inc. (XLNX) - 193.50 | Sell the March 230.00 Calls. |
| SeaWorld Entertainment, Inc. (SEAS) - 66.59 | Sell the March 70.00 Calls. |
| Alcoa Inc. (AA) - 61.54 | Sell the March 65.00 Calls. |
| Macy's Inc. (M) - 25.56 | Sell the May 28.00 Calls. |
| Jabil Circuit, Inc. (JBL) - 69.03 | Sell the June 75.00 Calls. |
| Teck Resources Limited (TECK) - 31.20 | Sell the May 31.00 Calls. |
| Builders FirstSource, Inc. (BLDR) - 79.01 | Sell the May 85.00 Calls. |
| On Semiconductor Corp. (ON) - 65.12 | Sell the February 65.00 Calls. |
| Micron Technology, Inc. (MU) - 93.89 | Sell the May 95.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Seagate Technology ( STX - 114.42 ) | March 115.00 covered write. |
