Call: Altria Group Inc. (MO), Put: Micron Technology Inc. (MU), Covered Write: NVIDIA Corporation (NVDA)
Daily Option Ideas for May 8, 2025
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Altria Group Inc. - $60.45 | MO2519I60 | Buy the September 60.00 calls at 3.20 | 56.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| BJ's Wholesale Club Holdings Inc ( BJ) | Aug. 115.00 Calls | Stopped at 9.90 (CP: 8.30) |
| Abbott Laboratories ( ABT) | Jun. 125.00 Calls | Raise the option stop loss to 9.35 (CP: 11.35) |
| Sea Ltd. (Singapore) Sponsored ADR Class A ( SE) | Jul. 115.00 Calls | Raise the option stop loss to 32.50 (CP: 34.50) |
| J.P. Morgan Chase & Co. ( JPM) | Aug. 245.00 Calls | Raise the option stop loss to 18.80 (CP: 20.80) |
| The Charles Schwab Corporation ( SCHW) | Jul. 80.00 Calls | Raise the option stop loss to 5.35 (CP: 7.35) |
| Bank of New York Mellon Corporation ( BK) | Sep. 80.00 Calls | Initiate an option stop loss of 7.30 (CP: 9.30) |
| Visa Inc. ( V) | Aug. 350.00 Calls | Initiate an option stop loss of 19.05 (CP: 21.05) |
| Amazon.com Inc. ( AMZN) | Aug. 185.00 Calls | Initiate an option stop loss of 17.90 (CP: 19.90) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Micron Technology, Inc. - $85.56 | MU2515T85 | Buy the August 85.00 puts at 8.55 | 92.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| Alphabet Inc. Class A ( GOOGL) | Aug. 160.00 Puts | Stopped at 13.80 (CP: 11.90) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation $ 117.06 | NVDA2515H120 | Aug. 120.00 | 11.35 | $ 53,971.75 | 37.15% | 34.35% | 8.52% |
Still Recommended
| Name | Action |
|---|---|
| Ollies Bargain Outlet Holding Inc. ( OLLI) - 110.43 | Sell the June 110.00 Calls. |
| Kinross Gold Corporation ( KGC) - 15.61 | Sell the August 15.00 Calls. |
| Broadcom Ltd ( AVGO) - 204.81 | Sell the August 200.00 Calls. |
| Shopify Inc ( SHOP) - 94.50 | Sell the September 100.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Robinhood Markets, Inc. Class A ( HOOD - 49.99 ) | July 45.00 covered write. |
| Bank of America ( BAC - 40.93 ) | August 42.00 covered write. |
| Hasbro, Inc. ( HAS - 61.43 ) | August 62.50 covered write. |
| The Boeing Company ( BA - 185.56 ) | July 185.00 covered write. |
