Call: T-Mobile (TMUS); Put: JD.COM Inc (JD); Covered Write: Macerich Co (MAC).
Daily Option Ideas for March 15, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| T-Mobile US Inc. - $161.99 | O: 24F160.00D21 | Buy the June 160.00 calls at 8.05 | 152.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Cisco Systems, Inc. ( CSCO) | Mar. 50.00 Calls | Expired at 0 |
| Targa Resources Corp. ( TRGP) | Mar. 90.00 Calls | Expired at 16. |
| Monster Beverage Corp. ( MNST) | Jun. 55.00 Calls | Initiate an option stop loss of 4.90 (CP: 6.90) |
| Zillow Group Inc. Class C ( Z) | Apr. 55.00 Calls | Stopped at 50.00 (CP: 47.18) |
| Centene Corporation ( CNC) | Mar. 77.50 Calls | Expired at 0 |
| CoStar Group Inc. ( CSGP) | Jun. 85.00 Calls | Initiate an option stop loss of 10.80 (CP: 12.80) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| JD.COM INC - $27.55 | O: 24R29.00D21 | Buy the June 29.00 puts at 2.03 | 30.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Keurig Dr Pepper Inc. ( KDP) | Apr. 32.00 Puts | Initiate an option stop loss of 1.90 (CP: 2.90) |
| HP Inc ( HPQ) | Mar. 31.00 Puts | Expired at 0.56 |
| The Coca-Cola Company ( KO) | Mar. 60.00 Puts | Expired at 0.12 |
| Kraft Heinz Co/The ( KHC) | Apr. 37.50 Puts | Initiate an option stop loss of 2.10 (CP: 3.10) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Macerich Co $ 15.95 | O: 24F17.00D21 | Jun. 17.00 | 0.85 | $ 7,684.50 | 35.64% | 16.50% | 4.24% |
Still Recommended
| Name | Action |
|---|---|
| Cleveland-Cliffs Inc. ( CLF) - 19.66 | Sell the June 21.00 Calls. |
| Carnival Corporation ( CCL) - 16.20 | Sell the June 16.00 Calls. |
| Uber Technologies, Inc. ( UBER) - 77.65 | Sell the June 80.00 Calls. |
| Bath & Body Works Inc. ( BBWI) - 45.90 | Sell the June 47.50 Calls. |
| Applied Materials, Inc. ( AMAT) - 200.75 | Sell the June 210.00 Calls. |
| Trimble Inc. ( TRMB) - 62.32 | Sell the August 65.00 Calls. |
| Western Digital Corporation ( WDC) - 60.80 | Sell the June 65.00 Calls. |
| Micron Technology, Inc. ( MU) - 91.46 | Sell the June 97.50 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 24.43 | Sell the June 26.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Jabil Circuit, Inc. ( JBL - 147.46 ) | June 150.00 covered write. |
