Call: Amazon.com (AMZN); Put: Cenovus Energy (CVE); Covered Write: Freeport-McMoRan (FCX).
Daily Option Ideas for May 24, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Amazon.com Inc. - $180.44 | O: 24I180.00D20 | Buy the September 180.00 calls at 13.45 | 164.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| The TJX Companies, Inc. ( TJX) | Jul. 95.00 Calls | Raise the option stop loss to 6.05 (CP: 8.05) |
| Automatic Data Processing, Inc. ( ADP) | Aug. 250.00 Calls | Stopped at 9.70 (CP: 8.20) |
| General Electric Company ( GE) | Sep. 160.00 Calls | Initiate an option stop loss of 11.80 (CP: 54.00) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Cenovus Energy Inc. - $20.29 | O: 24U21.00D20 | Buy the September 21.00 puts at 1.55 | 23.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| eBay Inc. ( EBAY) | Jul. 50.00 Puts | Stopped at 54.00 (CP: 54.32) |
| Snowflake, Inc. Class A ( SNOW) | Aug. 160.00 Puts | Stopped at 12.10 (CP: 11.90) |
| American Electric Power Company, Inc. ( AEP) | Aug. 92.50 Puts | Raise the option stop loss to 2.60 (CP: 4.60) |
| BILL Holdings Inc. ( BILL) | Sep. 60.00 Puts | Raise the option stop loss to 8.50 (CP: 10.50) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Freeport-McMoRan Inc. $ 51.20 | O: 24I55.00D20 | Sep. 55.00 | 3.00 | $ 24,465.85 | 34.94% | 15.40% | 4.78% |
Still Recommended
| Name | Action |
|---|---|
| United Airlines Holdings Inc. ( UAL) - 51.76 | Sell the August 55.00 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 20.72 | Sell the August 23.00 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 20.72 | Sell the August 22.00 Calls. |
| Bath & Body Works Inc. ( BBWI) - 48.31 | Sell the August 50.00 Calls. |
| Micron Technology, Inc. ( MU) - 126.27 | Sell the August 135.00 Calls. |
| Micron Technology, Inc. ( MU) - 126.27 | Sell the September 130.00 Calls. |
| Comerica Incorporated ( CMA) - 50.24 | Sell the September 52.50 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
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