Call: Cadence Design Systems, Inc. (CDNS), Put: UnitedHealth Group Incorporated (UNH), Covered Write: Alamos Gold Inc. (AGI)
Daily Option Ideas for April 17, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Cadence Design Systems, Inc. - $294.14 | CDNS2416H295 | Buy the August 295.00 calls at 24.80 | 280.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| DraftKings Inc Class A ( DKNG) | Jul. 47.00 Calls | Stopped at 43.00 (CP: 42.48) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| UnitedHealth Group Incorporated - $479.84 | UNH2416T470 | Buy the August 470.00 puts at 17.70 | 504.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Alibaba Group Holding Ltd (China) ADR ( BABA) | Jun. 75.00 Puts | Raise the option stop loss to 5.50 (CP: 7.50) |
| Starbucks Corporation ( SBUX) | Jun. 92.50 Puts | Stopped at 6.90 (CP: 6.90) |
| Prudential Financial, Inc. ( PRU) | Jun. 110.00 Puts | Raise the option stop loss to 3.80 (CP: 5.80) |
| United Airlines Holdings Inc. ( UAL) | Jul. 47.00 Puts | Stopped at 4.90 (CP: 2.72) |
| Apple Inc. ( AAPL) | Jul. 180.00 Puts | Raise the option stop loss to 13.15 (CP: 14.15) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Alamos Gold Inc $ 14.88 | AGI2420I15 | Sep. 15.00 | 1.50 | $ 6,766.85 | 22.78% | 23.10% | 8.99% |
Still Recommended
| Name | Action |
|---|---|
| Lyft Inc Class A ( LYFT) - 18.27 | Sell the July 20.00 Calls. |
| Delta Air Lines Inc. ( DAL) - 46.55 | Sell the September 50.00 Calls. |
| DraftKings Inc Class A ( DKNG) - 44.94 | Sell the July 45.00 Calls. |
| Bath & Body Works Inc. ( BBWI) - 43.69 | Sell the August 47.50 Calls. |
| The Gap, Inc. ( GPS) - 20.98 | Sell the June 23.00 Calls. |
| Bath & Body Works Inc. ( BBWI) - 43.69 | Sell the August 45.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Applied Materials, Inc. ( AMAT - 209.47 ) | June 210.00 covered write. |
| Palantir Technologies Inc. Class A ( PLTR - 21.88 ) | June 26.00 covered write. |
