Daily Option Ideas
Published: May 21, 2020
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
Call: PulteGroup (PHM), Put: Vornado Realty Trust (VNO), Covered Write: CSX Corp (CSX)

 

Daily Option Ideas for May 21, 2020

Calls
New Recommendations
Name Option Symbol Action Stop Loss
PulteGroup, Inc. - $32.69 PHM2016J30 Buy the October 30.00 calls at 5.80 26.00
Follow Ups
Name Option Action
Eli Lilly and Company ( LLY) Sep. 150.00 Calls Stopped at 150.00 (CP: 152.01)
AbbVie Inc. ( ABBV) Sep. 80.00 Calls Raise the option stop loss to 12.30 (CP: 14.30)
Puts
New Recommendations
Name Option Symbol Action Stop Loss
Vornado Realty Trust - $35.75 VNO2018U40 Buy the September 40.00 puts at 7.30 40.00
Follow Up
Name Option Action
No Follow Ups
Covered Writes
New Recommendations
Name Option Sym. Call to Sell Call Price Investment for 500 Shares Annual Called Rtn. Annual Static Rtn. Downside Protection
CSX Corporation $68.36 CSX2021H70 Aug. 70.00 3.65 $32,432.25 27.26% 17.95% 4.33%
Still Recommended
Name Action
Copart Incorporated (CPRT) - 86.69 Sell the August 85.00 Calls.
Micron Technology, Inc. (MU) - 46.64 Sell the October 50.00 Calls.
Apollo Global Management Inc. (APO) - 44.99 Sell the September 45.00 Calls.
Chevron Corporation (CVX) - 93.00 Sell the September 95.00 Calls.
Newmont Corp (NEM) - 65.72 Sell the September 70.00 Calls.
Activision Blizzard, Inc. (ATVI) - 73.78 Sell the August 75.00 Calls.
The Following Covered Write are no longer recommended
Name Covered Write
Rent-A-Center, Inc. ( RCII - 24.89 ) September 25.00 covered write.

 

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This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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