Call: Occidental Petroleum Corporation (OXY), Put: Shopify Inc (SHOP), Covered Write: Micron Technology, Inc. (MU)
Daily Option Ideas for July 10, 2024
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Occidental Petroleum Corporation - $61.19 | OXY2420I62.5 | Buy the September 62.50 calls at 2.10 | 58.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| Bank of America ( BAC) | Sep. 37.00 Calls | Raise the option stop loss to 3.20 (CP: 5.20) |
| Morgan Stanley ( MS) | Sep. 95.00 Calls | Initiate an option stop loss of 7.60 (CP: 9.60) |
| Visa Inc. ( V) | Oct. 270.00 Calls | Stopped at 260.00 (CP: 260.49) |
| American Express Company ( AXP) | Oct. 230.00 Calls | Raise the option stop loss to 16.15 (CP: 18.15) |
| Trane Technologies PLC ( TT) | Dec. 330.00 Calls | Initiate an option stop loss of 31.20 (CP: 33.20) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Shopify Inc - $65.48 | SHOP2420U65 | Buy the September 65.00 puts at 5.15 | 69.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Starbucks Corporation ( SBUX) | Sep. 80.00 Puts | Raise the option stop loss to 6.70 (CP: 8.70) |
| DoorDash, Inc. Class A ( DASH) | Nov. 115.00 Puts | Raise the option stop loss to 14.65 (CP: 16.65) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Micron Technology, Inc. $ 131.14 | MU2418J140 | Oct. 140.00 | 12.30 | $ 62,682.40 | 38.65% | 31.49% | 7.94% |
Still Recommended
| Name | Action |
|---|---|
| Abercrombie & Fitch Co. ( ANF) - 179.24 | Sell the September 175.00 Calls. |
| Vistra Corp ( VST) - 91.40 | Sell the October 90.00 Calls. |
| NRG Energy, Inc. ( NRG) - 79.26 | Sell the September 80.00 Calls. |
| Seagate Technology ( STX) - 104.35 | Sell the September 105.00 Calls. |
| Micron Technology, Inc. ( MU) - 131.14 | Sell the October 140.00 Calls. |
| Dell Technologies Inc Class C ( DELL) - 145.74 | Sell the October 145.00 Calls. |
| Airbnb, Inc. Class A ( ABNB) - 152.45 | Sell the October 155.00 Calls. |
| Eldorado Gold Corporation ( EGO) - 16.04 | Sell the October 16.00 Calls. |
| NetApp, Inc. ( NTAP) - 132.09 | Sell the December 140.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Teradyne, Inc. ( TER - 153.48 ) | October 150.00 covered write. |
