Call: Lyft Inc (LYFT); Put: Apple Inc (AAPL); Covered Write: The Gap, Inc (GPS).
Daily Option Ideas for April 12, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Lyft Inc Class A - $18.66 | O: 24G18.00D19 | Buy the July 18.00 calls at 3.20 | 17.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The Charles Schwab Corporation ( SCHW) | Apr. 62.50 Calls | Stopped at 8.35 (CP: 7.45) |
| Amazon.com Inc. ( AMZN) | Jul. 170.00 Calls | Stopped at 23.85 (CP: 22.85) |
| Darden Restaurants, Inc. ( DRI) | Jul. 160.00 Calls | Stopped at 152.00 (CP: 153.34) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Apple Inc. - $176.55 | O: 24S180.00D19 | Buy the July 180.00 puts at 9.50 | 188.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| V.F. Corporation ( VFC) | Jun. 17.50 Puts | Raise the option stop loss to 3.40 (CP: 5.40) |
| CVS Health Corp. ( CVS) | Jun. 75.00 Puts | Raise the option stop loss to 5.35 (CP: 7.35) |
| Alibaba Group Holding Ltd (China) ADR ( BABA) | Jun. 75.00 Puts | Initiate an option stop loss of 4.00 (CP: 6.00) |
| Starbucks Corporation ( SBUX) | Jun. 92.50 Puts | Raise the option stop loss to 6.90 (CP: 8.90) |
| Altria Group Inc. ( MO) | Jun. 45.00 Puts | Raise the option stop loss to 2.50 (CP: 4.50) |
| Intel Corporation ( INTC) | Jun. 43.00 Puts | Raise the option stop loss to 5.65 (CP: 7.65) |
| United Airlines Holdings Inc. ( UAL) | Jul. 47.00 Puts | Raise the option stop loss to 4.70 (CP: 6.70) |
| Match Group, Inc. ( MTCH) | Jun. 37.50 Puts | Initiate an option stop loss of 3.45 (CP: 5.45) |
| Albemarle Corp ( ALB) | Sep. 130.00 Puts | Initiate an option stop loss of 18.05 (CP: 20.05) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| The Gap, Inc. $ 23.39 | O: 24F23.00D21 | Jun. 23.00 | 1.93 | $ 10,376.85 | 50.80% | 42.38% | 7.51% |
Still Recommended
| Name | Action |
|---|---|
| Applied Materials, Inc. ( AMAT) - 212.97 | Sell the June 210.00 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 22.84 | Sell the June 26.00 Calls. |
| Advanced Micro Devices, Inc. ( AMD) - 170.48 | Sell the June 180.00 Calls. |
| Block Inc ( SQ) - 80.06 | Sell the July 87.50 Calls. |
| Lyft Inc Class A ( LYFT) - 19.53 | Sell the July 20.00 Calls. |
| Delta Air Lines Inc. ( DAL) - 47.63 | Sell the September 50.00 Calls. |
| DraftKings Inc Class A ( DKNG) - 45.44 | Sell the July 45.00 Calls. |
| Bath & Body Works Inc. ( BBWI) - 46.22 | Sell the August 47.50 Calls. |
| Live Nation Entertainment Inc. ( LYV) - 102.74 | Sell the July 105.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Hewlett Packard Enterprise Company ( HPE - 17.94 ) | August 19.00 covered write. |
