Call: The Kroger Co (KR); Put: Citigroup (C); Covered Write: HP Inc (HPQ).
Daily Option Ideas for January 21, 2022
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| The Kroger Co. - $46.96 | O: 22G46.00D15 | Buy the July 46.00 calls at 4.55 | 43.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| United Microlectronics Corporation (Taiwan) ADR ( UMC) | Jan. 10.00 Calls | Expired at 0.88. |
| Edwards Lifesciences Corporation ( EW) | May. 125.00 Calls | Stopped at 114.00 (CP: 112.66) |
| Antero Resources Corp ( AR) | May. 19.00 Calls | Stopped at 17.00 (CP: 16.93) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Citigroup, Inc. - $63.05 | O: 22Q65.00D20 | Buy the May 65.00 puts at 5.70 | 69.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Altice USA, Inc. Class A (ATUS) | Jan. 17.00 Puts | Expired at 2.85. |
| Salesforce.com, Inc. (CRM) | May. 240.00 Puts | Raise the option stop loss to 27.35 (CP: 29.35) |
| Ross Stores, Inc. (ROST) | May. 100.00 Puts | Initiate an option stop loss of 7.20 (CP: 9.20) |
| American Express Company (AXP) | Jun. 165.00 Puts | Initiate an option stop loss of 13.95 (CP: 15.95) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| HP Inc $36.11 | O: 22C35.00D18 | Mar. 35.00 | 1.84 | $16,708.65 | 24.06% | 28.72% | 4.22% |
Still Recommended
| Name | Action |
|---|---|
| Macy's Inc. (M) - 23.83 | Sell the May 28.00 Calls. |
| Continental Resources Inc. (CLR) - 50.41 | Sell the June 55.00 Calls. |
| Halliburton Company (HAL) - 28.14 | Sell the June 30.00 Calls. |
| Marathon Oil Corporation (MRO) - 18.68 | Sell the July 20.00 Calls. |
| Live Nation Entertainment Inc. (LYV) - 112.44 | Sell the July 120.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| EQT Corporation ( EQT - 21.12 ) | March 23.00 covered write. |
| Alcoa Inc. ( AA - 61.25 ) | March 65.00 covered write. |
| Commercial Metals Corporation ( CMC - 35.55 ) | June 40.00 covered write. |
