Call: Lennar Corporation (LEN); Put: CSX Corporation (CSX); Covered Write: Steel Dynamics Inc (STLD).
Daily Option Ideas for February 10, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Lennar Corporation - $101.63 | O: 23F100.00D16 | Buy the June 100.00 calls at 7.30 | 94.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| AbbVie Inc. ( ABBV) | Jun. 145.00 Calls | Initiate an option stop loss of 10.45 (CP: 12.45) |
| Exxon Mobil Corporation ( XOM) | Jun. 115.00 Calls | Initiate an option stop loss of 8.20 (CP: 10.20) |
| Caesars Entertainment Inc. ( CZR) | Jun. 55.00 Calls | Stopped at 52.00 (CP: 51.85) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| CSX Corporation - $31.57 | O: 23Q32.50D19 | Buy the May 32.50 puts at 2.15 | 34.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Ecolab Inc. (ECL) | Apr. 155.00 Puts | Raise the option stop loss to 9.70 (CP: 11.70) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Steel Dynamics Inc. $121.35 | O: 23E125.00D19 | May. 125.00 | 8.80 | $57,334.80 | 82.84% | 68.12% | 6.13% |
Still Recommended
| Name | Action |
|---|---|
| Freeport-McMoRan Inc. (FCX) - 42.94 | Sell the May 44.00 Calls. |
| Cleveland-Cliffs Inc. (CLF) - 19.88 | Sell the April 20.00 Calls. |
| Royal Caribbean Cruises Ltd. (RCL) - 73.53 | Sell the June 75.00 Calls. |
| American Airlines Group Inc. (AAL) - 16.66 | Sell the May 17.00 Calls. |
| Las Vegas Sands Corp. (LVS) - 57.52 | Sell the June 60.00 Calls. |
| Halliburton Company (HAL) - 37.66 | Sell the July 43.00 Calls. |
| Synchrony Financial (SYF) - 36.24 | Sell the May 38.00 Calls. |
| Hess Corporation (HES) - 140.64 | Sell the May 145.00 Calls. |
| The Boeing Company (BA) - 211.99 | Sell the May 215.00 Calls. |
| Arista Networks Inc (ANET) - 136.52 | Sell the June 145.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Alcoa Inc. ( AA - 50.01 ) | April 55.00 covered write. |
