Call: American International Group (AIG); Put: Starbucks Corporation (SBUX); Covered Write: Hasbro Inc (HAS).
Daily Option Ideas for May 6, 2025
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| American International Group, Inc. - $82.85 | O: 25H82.50D15 | Buy the August 82.50 calls at 4.80 | 76.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| American Electric Power Company, Inc. ( AEP) | Aug. 105.00 Calls | Initiate an option stop loss of 4.50 (CP: 6.50) |
| BJ's Wholesale Club Holdings Inc ( BJ) | Aug. 115.00 Calls | Raise the option stop loss to 9.90 (CP: 11.90) |
| Abbott Laboratories ( ABT) | Jun. 125.00 Calls | Initiate an option stop loss of 8.45 (CP: 10.45) |
| J.P. Morgan Chase & Co. ( JPM) | Aug. 245.00 Calls | Raise the option stop loss to 16.50 (CP: 18.50) |
| The Allstate Corporation ( ALL) | Jul. 195.00 Calls | Raise the option stop loss to 11.10 (CP: 13.10) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Starbucks Corporation - $82.99 | O: 25U85.00D19 | Buy the September 85.00 puts at 6.05 | 90.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| General Mills, Inc. ( GIS) | May. 60.00 Puts | Raise the option stop loss to 3.40 (CP: 5.40) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Hasbro, Inc. $ 61.19 | O: 25H62.50D15 | Aug. 62.50 | 3.50 | $ 29,138.15 | 22.40% | 17.70% | 4.67% |
Still Recommended
| Name | Action |
|---|---|
| Robinhood Markets, Inc. Class A ( HOOD) - 48.05 | Sell the July 45.00 Calls. |
| Ollies Bargain Outlet Holding Inc. ( OLLI) - 110.96 | Sell the June 110.00 Calls. |
| Kinross Gold Corporation ( KGC) - 14.51 | Sell the August 15.00 Calls. |
| Broadcom Ltd ( AVGO) - 200.72 | Sell the August 200.00 Calls. |
| Shopify Inc ( SHOP) - 98.38 | Sell the September 100.00 Calls. |
| Bank of America ( BAC) - 41.12 | Sell the August 42.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| AngloGold Ashanti Limited (South Africa) ADR ( AU - 42.14 ) | July 40.00 covered write. |
