OPTIONS 

Option trading is ideal for investors who want to invest a small amount of capital, have the potential for relatively large gains, and are willing to accept the chance that some options will not be profitable because the stock price does not change by the desired amount within the chosen time interval.

For all selections, we provide the closing stock price, the recommended strike price and option duration, and the maximum price you should pay for the option. 

We also recommend when the option should be sold, either for a profit or to minimize a loss.  

If you purchase an option, you should follow the market very closely as the time for a profitable trade is often very short. 

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August 10, 2022

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Stock Wealth Safely is buying a CALL option on CHRW (CHRW) with a strike of 115.00 and expiration November 21, 2022.

 

CHRW closed on August 10 at 115.60. Prices on August 10 were Open 6.10, High 7.40, Low 6.10 and Last 7.40. The Bid is 7.20 and Ask is 7.60. We will place a limit order at 7.80. We will sell the option at market price if the stock price rises above 119.07 and place a stop loss if the stock price drops below 107.51.​

             July 25, 2022

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Stock Wealth Safely is buying a CALL option on QCOM (Qualcomm) with a strike of 155.00 and expiration October 21, 2022.

 

QCOM closed on July 25 at 153.25. Prices on July 25 were Open 12.65, High 12.90, Low 12.00 and Last 12.20. The Bid is 12.55 and Ask is 12.75. We will place a limit order at 12.95. We will sell the option at market price if the stock price rises above 157.85 and place a stop loss if the stock price drops below 142.52.​

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July 22, 2022

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Stock Wealth Safely is buying a CALL option on EL (Estee Lauder) with a strike of 260.00 and expiration October 21, 2022.

 

EL closed on July 22 at 260.10. Prices on July 22 were Open 19.50, High 19.50, Low 19.50 and Last 19.50. The Bid is 18.10 and Ask is 19.00. We will place a limit order at 19.20. We will sell the option at market price if the stock price rises above 267.90 and place a stop loss if the stock price drops below 241.89.

             July 18, 2022

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Stock Wealth Safely is buying a CALL option on CNC (Centene) with a strike of 90.00 and expiration December 16, 2022.

 

CNC closed on July 18 at 89.72. Prices on July 18 were Open 7.70, High 8.40, Low 7.70 and Last 8.40. The Bid is 8.00 and A8k is 8.40. We will place a limit order at 8.60. We will sell the option at market price if the stock price rises above 92.41 and place a stop loss if the stock price drops below 83.44.​

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July 15, 2022

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Stock Wealth Safely is buying a PUT option on GIS (General Mills) with a strike of 75.00 and expiration October 21, 2022.

 

GIS closed on July 15 at 74.92. Prices on July 15 were Open 3.67, High 3.67, Low 3.65 and Last 3.65. The Bid is 3.65 and Ask is 3.80. We will place a limit order at 3.90. We will sell the option at market price if the stock price drops below 72.67 and place a stop loss if the stock price rises above 80.16.​

             July 12, 2022

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Stock Wealth Safely is buying a CALL option on TAP (Molson Coors Brewing) with a strike of 57.50 and expiration October 21, 2022.

 

TAP closed on July 12 at 57.40. Prices on July 12 were Open 4.40, High 4.40, Low 4.30 and Last 4.30. The Bid is 3.90 and Ask is 4.20. We will place a limit order at 4.50. We will sell the option at market price if the stock price rises above 59.12 and place a stop loss if the stock price drops below 53.38.​

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June 29, 2022

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Stock Wealth Safely is buying a CALL option on GIS (General Mills) with a strike of 75 and expiration October 21, 2022.

 

GIS closed on June 29 at 74.72. Prices on June 29 were Open 2.70, High 3.85, Low 2.65 and Last 3.60. The Bid is 3.60 and Ask is 3.90. We will place a limit order at 4.10. We will sell the option at market price if the stock price rises above 97.24 and place a stop loss if the stock price drops below 87.70

             June 27, 2022

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Stock Wealth Safely is buying a CALL option on MRK (Merck) with a strike of 95 and expiration October 21, 2022.

 

MRK closed on June 27 at 94.41. Prices on June 27 were Open 4.45, High 5.28, Low 4.45 and Last 4.90. The Bid is 4.65 and Ask is 5.05. We will place a limit order at 5.15. We will sell the option at market price if the stock price rises above 97.24 and place a stop loss if the stock price drops below 87.70

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June 24, 2022

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Stock Wealth Safely is buying a CALL option on BMY (Bristol-Myers Squibb) with a strike of 80 and expiration September 16, 2022.

 

BMY closed on June 24 at 78.96. Prices on June 24 were Open 2.50, High 2.70, Low 2.15 and Last 2.70. The Bid is 2.64 and Ask is 2.84. We will place a limit order at 3.02. We will sell the option at market price if the stock price rises above 81.33 and place a stop loss if the stock price drops below 73.43.