Call: Walmart (WMT); Put: Advanced Micro Devices (AMD); Covered Write: Arista Networks (ANET).
Daily Option Ideas for August 18, 2023
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Walmart Inc. - $157.97 | O: 23K155.00D17 | Buy the November 155.00 calls at 8.70 | 144.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Boston Scientific Corporation ( BSX) | Aug. 50.00 Calls | Expired at 0.19 |
| The Coca-Cola Company ( KO) | Aug. 62.50 Calls | Expired at 0 |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Advanced Micro Devices, Inc. - $105.69 | O: 23X105.00D15 | Buy the December 105.00 puts at 9.85 | 114.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Abbott Laboratories (ABT) | Aug. 100.00 Puts | Expired at 0 |
| Truist Financial Corp (TFC) | Sep. 32.50 Puts | Initiate an option stop loss of 2.80 (CP: 3.80) |
| NIKE, Inc. (NKE) | Oct. 110.00 Puts | Initiate an option stop loss of 6.10 (CP: 8.10) |
| Sealed Air Corporation (SEE) | Oct. 45.00 Puts | Raise the option stop loss to 8.20 (CP: 10.20) |
| Cincinnati Financial Corporation (CINF) | Dec. 110.00 Puts | Raise the option stop loss to 6.60 (CP: 8.60) |
| U.S. Bancorp (USB) | Dec. 37.50 Puts | Initiate an option stop loss of 2.20 (CP: 3.20) |
| Amgen Inc. (AMGN) | Jan. 265.00 Puts | Initiate an option stop loss of 11.80 (CP: 13.80) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Arista Networks Inc $182.76 | O: 23L185.00D15 | Dec. 185.00 | 15.80 | $83,402.20 | 30.14% | 25.44% | 7.66% |
Still Recommended
| Name | Action |
|---|---|
| CrowdStrike Holdings, Inc. Class A (CRWD) - 144.38 | Sell the October 155.00 Calls. |
| Palantir Technologies Inc. Class A (PLTR) - 14.15 | Sell the November 18.00 Calls. |
| Schlumberger Limited (SLB) - 57.89 | Sell the November 60.00 Calls. |
| Caesars Entertainment Inc. (CZR) - 52.70 | Sell the December 60.00 Calls. |
| Halliburton Company (HAL) - 39.27 | Sell the January 42.00 Calls. |
| Apache Corporation (APA) - 44.05 | Sell the January 47.50 Calls. |
| Carnival Corporation (CCL) - 15.80 | Sell the January 17.50 Calls. |
| Hess Corporation (HES) - 154.29 | Sell the November 160.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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