Call: Darden Restaurants (DRI); Put: Apache Corporation (APA); Covered Write: Phillips 66 (PSX)
Daily Option Ideas for April 13, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Darden Restaurants, Inc. - $153.19 | DRI2321G155 | Buy the July 155.00 calls at 7.30 | 140.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Merck & Co., Inc. ( MRK) | Jun. 105.00 Calls | Raise the option stop loss to 10.40 (CP: 12.40) |
| Hologic Incorporated ( HOLX) | Jun. 75.00 Calls | Raise the option stop loss to 9.10 (CP: 11.10) |
| AbbVie Inc. ( ABBV) | Aug. 155.00 Calls | Initiate an option stop loss of 11.45 (CP: 13.45) |
| Mastercard Incorporated Class A ( MA) | Jul. 360.00 Calls | Initiate an option stop loss of 24.20 (CP: 26.20) |
| Parker-Hannifin Corporation ( PH) | Aug. 320.00 Calls | Stopped at 25.00 (CP: 24.30) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Apache Corporation - $40.55 | APA2321S40 | Buy the July 40.00 puts at 3.50 | 44.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Generac Holdings, Inc. (GNRC) | Aug. 110.00 Puts | Stopped at 16.90 (CP: 15.80) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Phillips 66 $106.03 | PSX2318H110 | Apr. 110.00 | 6.40 | $50,351.90 | 23.51% | 15.06% | 4.98% |
Still Recommended
| Name | Action |
|---|---|
| Dexcom Inc. (DXCM) - 114.82 | Sell the September 125.00 Calls. |
| Owens Corning Inc. (OC) - 98.04 | Sell the August 100.00 Calls. |
| Occidental Petroleum Corporation (OXY) - 64.84 | Sell the August 70.00 Calls. |
| Valero Energy Corp (VLO) - 133.72 | Sell the September 140.00 Calls. |
| Marathon Petroleum Corp. (MPC) - 130.22 | Sell the July 135.00 Calls. |
| Teck Resources Limited (TECK) - 43.00 | Sell the May 43.00 Calls. |
| On Semiconductor Corp. (ON) - 76.46 | Sell the July 85.00 Calls. |
| Fortinet Inc. (FTNT) - 67.19 | Sell the September 70.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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