Call: CSX Corporation (CSX), Put: United Airlines Holdings Inc. (UAL), Covered Write: Lyft Inc Class A (LYFT)
Daily Option Ideas for March 27, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| CSX Corporation - $36.63 | CSX2421F37.5 | Buy the June 37.50 calls at 1.20 | 33.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Capital One Financial Corporation ( COF) | Jun. 135.00 Calls | Raise the option stop loss to 12.50 (CP: 13.50) |
| The TJX Companies, Inc. ( TJX) | Jun. 95.00 Calls | Initiate an option stop loss of 6.15 (CP: 8.15) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| United Airlines Holdings Inc. - $47.11 | UAL2419S47 | Buy the July 47.00 puts at 3.55 | 51.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Realty Income Corporation ( O) | May. 55.00 Puts | Stopped at 2.40 (CP: 2.30) |
| Alcoa Inc. ( AA) | Jun. 30.00 Puts | Stopped at 33.00 (CP: 33.02) |
| Air Products & Chemicals, Inc. ( APD) | Jun. 250.00 Puts | Stopped at 17.20 (CP: 15.00) |
| The Boeing Company ( BA) | Jul. 195.00 Puts | Stopped at 14.15 (CP: 13.70) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Lyft Inc Class A $ 19.64 | LYFT2419G20 | Jul. 20.00 | 2.63 | $ 8,394.15 | 57.59% | 45.99% | 12.56% |
Still Recommended
| Name | Action |
|---|---|
| Uber Technologies, Inc. ( UBER) - 77.91 | Sell the June 80.00 Calls. |
| Applied Materials, Inc. ( AMAT) - 206.67 | Sell the June 210.00 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 24.89 | Sell the June 26.00 Calls. |
| Advanced Micro Devices, Inc. ( AMD) - 177.87 | Sell the June 180.00 Calls. |
| Hewlett Packard Enterprise Company ( HPE) - 17.69 | Sell the August 18.00 Calls. |
| Ally Financial Inc. ( ALLY) - 39.18 | Sell the June 40.00 Calls. |
| Block Inc ( SQ) - 83.80 | Sell the July 87.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Cleveland-Cliffs Inc. ( CLF - 21.57 ) | June 21.00 covered write. |
| Carnival Corporation ( CCL - 17.03 ) | June 16.00 covered write. |
| Bath & Body Works Inc. ( BBWI - 47.98 ) | June 47.50 covered write. |
