Call: American International Group (AIG); Put: Marvell Technology Inc (MRVL); Covered Write: Bath & Body Works (BBWI).
Daily Option Ideas for April 16, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| American International Group, Inc. - $74.38 | O: 24G72.50D19 | Buy the July 72.50 calls at 5.10 | 67.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
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Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Marvell Technology Inc. - $68.65 | O: 24T70.00D16 | Buy the August 70.00 puts at 7.15 | 73.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| LKQ Corporation ( LKQ) | Aug. 52.50 Puts | Raise the option stop loss to 2.80 (CP: 4.80) |
| Alibaba Group Holding Ltd (China) ADR ( BABA) | Jun. 75.00 Puts | Raise the option stop loss to 5.05 (CP: 7.05) |
| Prudential Financial, Inc. ( PRU) | Jun. 110.00 Puts | Raise the option stop loss to 3.60 (CP: 5.60) |
| Match Group, Inc. ( MTCH) | Jun. 37.50 Puts | Raise the option stop loss to 4.05 (CP: 6.05) |
| Albemarle Corp ( ALB) | Sep. 130.00 Puts | Raise the option stop loss to 22.10 (CP: 24.10) |
| Apple Inc. ( AAPL) | Jul. 180.00 Puts | Initiate an option stop loss of 11.45 (CP: 13.45) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Bath & Body Works Inc. $ 44.59 | O: 24H45.00D16 | Aug. 45.00 | 3.70 | $ 20,317.80 | 28.90% | 23.74% | 7.35% |
Still Recommended
| Name | Action |
|---|---|
| Applied Materials, Inc. ( AMAT) - 205.68 | Sell the June 210.00 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 21.90 | Sell the June 26.00 Calls. |
| Lyft Inc Class A ( LYFT) - 17.98 | Sell the July 20.00 Calls. |
| Delta Air Lines Inc. ( DAL) - 46.65 | Sell the September 50.00 Calls. |
| DraftKings Inc Class A ( DKNG) - 43.70 | Sell the July 45.00 Calls. |
| Bath & Body Works Inc. ( BBWI) - 44.59 | Sell the August 47.50 Calls. |
| The Gap, Inc. ( GPS) - 21.88 | Sell the June 23.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Live Nation Entertainment Inc. ( LYV - 99.77 ) | July 105.00 covered write. |
