Call: BJ's Wholesale Club (BJ); Put: General Motors (GM); Covered Write: Six Flags Entertainment (SIX)
Daily Option Ideas for February 22, 2022
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| BJ's Wholesale Club Holdings Inc - $63.67 | BJ2217F60 | Buy the June 60.00 calls at 8.40 | 55.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Stag Industrial Inc ( STAG) | Jun. 40.00 Calls | Stopped at 39.00 (CP: 38.86) |
| Bank of America ( BAC) | May. 46.00 Calls | Stopped at 2.70 (CP: 2.46) |
| United Airlines Holdings Inc. ( UAL) | Jun. 50.00 Calls | Stopped at 46.00 (CP: 46.84) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| General Motors - $47.07 | GM2217R47 | Buy the June 47.00 puts at 4.75 | 52.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| The Gap, Inc. (GPS) | Jun. 18.00 Puts | Raise the option stop loss to 2.50 (CP: 4.50) |
| Oracle Corporation (ORCL) | May. 82.50 Puts | Raise the option stop loss to 8.15 (CP: 10.15) |
| NIKE, Inc. (NKE) | May. 150.00 Puts | Initiate an option stop loss of 14.30 (CP: 16.30) |
| Lennar Corporation (LEN) | May. 92.50 Puts | Initiate an option stop loss of 8.20 (CP: 10.20) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Six Flags Entertainment Corporation $44.78 | SIX2217F47.5 | Jun. 47.50 | 3.10 | $20,852.15 | 40.73% | 19.98% | 5.92% |
Still Recommended
| Name | Action |
|---|---|
| Macy's Inc. (M) - 25.70 | Sell the May 28.00 Calls. |
| Continental Resources Inc. (CLR) - 52.77 | Sell the June 55.00 Calls. |
| Live Nation Entertainment Inc. (LYV) - 117.44 | Sell the July 120.00 Calls. |
| Seagate Technology (STX) - 108.64 | Sell the June 115.00 Calls. |
| Macy's Inc. (M) - 25.70 | Sell the May 26.00 Calls. |
| AerCap Holdings NV (AER) - 65.77 | Sell the July 70.00 Calls. |
| Performance Food Group Co Formerly (PFGC) - 53.31 | Sell the June 55.00 Calls. |
| Nucor Corporation (NUE) - 122.93 | Sell the May 125.00 Calls. |
| Citizens Financial Group Inc (CFG) - 53.25 | Sell the June 55.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Dick's Sporting Goods, Inc. ( DKS - 103.85 ) | June 120.00 covered write. |
