Call: Shell PLC (SHEL); Put: Marvel Technologies (MRVL); Covered Write: Synchrony Financial (SYF).
Daily Option Ideas for January 27, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Shell PLC Sponsored ADR - $58.69 | O: 23D57.50D21 | Buy the April 57.50 calls at 3.30 | 54.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Starbucks Corporation ( SBUX) | Mar. 100.00 Calls | Raise the option stop loss to 9.15 (CP: 11.15) |
| Analog Devices, Inc. ( ADI) | Mar. 165.00 Calls | Initiate an option stop loss of 9.40 (CP: 11.40) |
| Valero Energy Corp ( VLO) | Jun. 130.00 Calls | Stopped at 23.30 (CP: 21.25) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Marvell Technology Inc. - $44.39 | O: 23Q45.00D19 | Buy the May 45.00 puts at 4.75 | 48.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
|
|
||
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Synchrony Financial $36.55 | O: 23E38.00D19 | May. 38.00 | 2.25 | $17,641.95 | 21.66% | 17.14% | 5.00% |
Still Recommended
| Name | Action |
|---|---|
| United States Steel Corporation (X) - 29.26 | Sell the April 27.00 Calls. |
| D.R. Horton, Inc. (DHI) - 96.81 | Sell the May 97.50 Calls. |
| Freeport-McMoRan Inc. (FCX) - 45.45 | Sell the May 44.00 Calls. |
| Marathon Oil Corporation (MRO) - 28.76 | Sell the April 28.00 Calls. |
| Apache Corporation (APA) - 45.36 | Sell the April 47.50 Calls. |
| Cleveland-Cliffs Inc. (CLF) - 21.28 | Sell the April 20.00 Calls. |
| Alcoa Inc. (AA) - 52.11 | Sell the April 55.00 Calls. |
| United Airlines Holdings Inc. (UAL) - 49.45 | Sell the June 55.00 Calls. |
| Royal Caribbean Cruises Ltd. (RCL) - 63.93 | Sell the June 75.00 Calls. |
| On Semiconductor Corp. (ON) - 73.68 | Sell the April 70.00 Calls. |
| American Airlines Group Inc. (AAL) - 16.61 | Sell the May 17.00 Calls. |
| Las Vegas Sands Corp. (LVS) - 58.37 | Sell the June 60.00 Calls. |
| MGM Resorts International (MGM) - 40.91 | Sell the June 43.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Capital One Financial Corporation ( COF - 116.07 ) | June 120.00 covered write. |
