Call: S&P Global Inc. (SPGI), Put: Tyson Food, Inc. (TSN), Covered Write: Applied Materials, Inc. (AMAT).
Daily Option Ideas for August 2, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| S&P Global Inc. - $394.25 | SPGI2317K400 | Buy the November 400.00 calls at 17.60 | 380.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Johnson Controls International PLC ( JCI) | Oct. 65.00 Calls | Stopped at 4.50 (CP: 2.00) |
| Applied Materials, Inc. ( AMAT) | Oct. 140.00 Calls | Stopped at 16.15 (CP: 14.50) |
| J.P. Morgan Chase & Co. ( JPM) | Oct. 145.00 Calls | Stopped at 13.75 (CP: 13.70) |
| AFLAC Incorporated ( AFL) | Nov. 70.00 Calls | Initiate an option stop loss of 5.70 (CP: 7.70) |
| Mondelez International, Inc. Class A ( MDLZ) | Dec. 72.50 Calls | Raise the option stop loss to 3.40 (CP: 5.40) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Tyson Foods, Inc. - $55.41 | TSN2419M55 | Buy the January 55.00 puts at 3.40 | 63.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| NextEra Energy, Inc. (NEE) | Nov. 77.50 Puts | Raise the option stop loss to 4.60 (CP: 6.60) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Applied Materials, Inc. $152.63 | AMAT2317K150 | Aug. 150.00 | 11.00 | $68,956.65 | 26.25% | 23.29% | 6.39% |
Still Recommended
| Name | Action |
|---|---|
| CrowdStrike Holdings, Inc. Class A (CRWD) - 165.96 | Sell the October 155.00 Calls. |
| Palantir Technologies Inc. Class A (PLTR) - 19.99 | Sell the November 18.00 Calls. |
| Schlumberger Limited (SLB) - 57.61 | Sell the November 60.00 Calls. |
| Norwegian Cruise Line Holdings Ltd. (NCLH) - 19.41 | Sell the December 22.00 Calls. |
| KB Home (KBH) - 54.87 | Sell the October 55.00 Calls. |
| Caesars Entertainment Inc. (CZR) - 57.79 | Sell the December 60.00 Calls. |
| CF Industries Holdings, Inc. (CF) - 81.28 | Sell the November 85.00 Calls. |
| United Airlines Holdings Inc. (UAL) - 53.26 | Sell the December 55.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Aptiv PLC ( APTV - 109.49 ) | November 115.00 covered write. |
| Generac Holdings, Inc. ( GNRC - 153.38 ) | November 145.00 covered write. |
| Capital One Financial Corporation ( COF - 116.48 ) | November 120.00 covered write. |
