Call: Walmart (WMT); Put: Snap Inc (SNAP); Covered Write: International Gaming Technology (IGT).
Daily Option Ideas for June 30, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Walmart Inc. - $157.18 | O: 23I155.00D15 | Buy the September 155.00 calls at 6.45 | 144.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The TJX Companies, Inc. ( TJX) | Jul. 75.00 Calls | Raise the stock price stop loss to 0.00 (CP: 85.08) |
| CBRE Group, Inc. ( CBRE) | Sep. 80.00 Calls | Initiate an option stop loss of 1.80 (CP: 3.80) |
| Fiserv, Inc. ( FI) | Sep. 110.00 Calls | Raise the option stop loss to 15.90 (CP: 17.90) |
| General Electric Company ( GE) | Sep. 100.00 Calls | Initiate an option stop loss of 10.55 (CP: 12.55) |
| Cardinal Health, Inc. ( CAH) | Sep. 85.00 Calls | Raise the option stop loss to 9.30 (CP: 11.30) |
| Shopify Inc ( SHOP) | Sep. 60.00 Calls | Initiate an option stop loss of 6.95 (CP: 8.95) |
| PepsiCo, Inc. ( PEP) | Oct. 180.00 Calls | Initiate a stock price stop of 8.25 (CP: 185.14) |
| Deere & Company ( DE) | Sep. 400.00 Calls | Raise the option stop loss to 22.25 (CP: 24.25) |
| Visa Inc. ( V) | Sep. 225.00 Calls | Initiate an option stop loss of 16.05 (CP: 18.05) |
| The TJX Companies, Inc. ( TJX) | Oct. 80.00 Calls | Initiate an option stop loss of 5.35 (CP: 7.35) |
| Motorola Solutions Inc. ( MSI) | Oct. 290.00 Calls | Initiate an option stop loss of 14.40 (CP: 16.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Snap Inc - $11.84 | O: 23V12.00D20 | Buy the October 12.00 puts at 1.65 | 13.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| CSX Corporation (CSX) | Aug. 30.00 Puts | Stopped at 34.00 (CP: 34.05) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| International Game Technology $31.64 | O: 23J33.00D20 | Oct. 33.00 | 2.05 | $15,089.70 | 27.01% | 18.47% | 5.36% |
Still Recommended
| Name | Action |
|---|---|
| CrowdStrike Holdings, Inc. Class A (CRWD) - 143.99 | Sell the October 155.00 Calls. |
| Tapestry Inc. (TPR) - 42.83 | Sell the November 45.00 Calls. |
| EQT Corporation (EQT) - 41.04 | Sell the September 41.00 Calls. |
| Dexcom Inc. (DXCM) - 127.94 | Sell the December 130.00 Calls. |
| Roku, Inc. Class A (ROKU) - 63.00 | Sell the October 65.00 Calls. |
| Nucor Corporation (NUE) - 163.33 | Sell the October 170.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| On Semiconductor Corp. ( ON - 92.08 ) | September 90.00 covered write. |
| EQT Corporation ( EQT - 41.04 ) | December 40.00 covered write. |
| Northern Oil & Gas Inc. ( NOG - 34.10 ) | October 34.00 covered write. |
