Nasdaq Dorsey Wright

Call: Valero Energy (VLO), Put: Molson Coors (TAP), Covered Write: JP Morgan Chase (JPM)

Daily Option Ideas for June 4, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Valero Energy Corp - $70.05	VLO2018I65	Buy the September 65.00 calls at 10.35	63.00

Follow Ups

Name	Option	Action
QUALCOMM Incorporated ( QCOM)	Jul. 70.00 Calls	Raise the option stop loss to 14.55 (CP: 16.55)
Dollar General Corp. ( DG)	Aug. 175.00 Calls	Stopped at 18.20 (CP: 15.60)
PACCAR Inc. ( PCAR)	Aug. 65.00 Calls	Raise the option stop loss to 9.50 (CP: 11.50)
Square Inc ( SQ)	Sep. 80.00 Calls	Stopped at 15.65 (CP: 14.10)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Molson Coors Company - $42.31	TAP2016V47.5	Buy the October 47.50 puts at 7.20	49.00

Follow Up

Name	Option	Action
Textron Inc. (TXT)	Sep. 35.00 Puts	Stopped at 35.00 (CP: 36.75)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
J.P. Morgan Chase & Co. $104.27	JPM2018I110	Sep. 110.00	6.30	$50,578.15	26.48%	17.61%	4.87%

Still Recommended

Name	Action
Micron Technology, Inc. (MU) - 48.92	Sell the October 50.00 Calls.
Intel Corporation (INTC) - 61.93	Sell the September 65.00 Calls.
Live Nation Entertainment Inc. (LYV) - 53.91	Sell the October 55.00 Calls.
Phillips 66 (PSX) - 83.73	Sell the August 82.50 Calls.
Hess Corporation (HES) - 52.11	Sell the August 55.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
No Additions to This Section

Back to report

DISCLOSURE

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.

Equity prices provided by Thomson-Reuters. Cross Rate prices provided by Tenfore Systems. Option prices provided by OPRA
Copyright © 1995-{ENDYEAR} Dorsey, Wright & Associates, LLC.®
All quotes displayed are delayed 20 minutes
Disclaimer/Terms of Use/Copyright