Nasdaq Dorsey Wright

Call: Microchip Technology (MCHP), Put: Waters (WAT), Covered Write: Activision Blizzard (ATVI)

Daily Option Ideas for July 1, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Microchip Technology Incorporated - $104.41	MCHP2016J95	Buy the October 95.00 calls at 16.90	98.00

Follow Ups

Name	Option	Action
Microsoft Corporation ( MSFT)	Oct. 190.00 Calls	Raise the stock price stop loss to 194.00 (CP: 205.97)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Waters Corporation - $180.48	WAT2020W190	Buy the November 190.00 puts at 25.10	196.00

Follow Up

Name	Option	Action
Ameren Corporation (AEE)	Sep. 80.00 Puts	Stopped at 10.10 (CP: 7.10)
Hyatt Hotels Corp. (H)	Nov. 55.00 Puts	Stopped at 9.50 (CP: 9.40)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Activision Blizzard, Inc. $75.90	ATVI2020K80	Nov. 80.00	5.95	$36,480.10	22.05%	18.00%	6.55%

Still Recommended

Name	Action
Micron Technology, Inc. (MU) - 51.52	Sell the October 50.00 Calls.
Truist Financial Corp (TFC) - 37.55	Sell the September 40.00 Calls.
Bank of America (BAC) - 23.75	Sell the November 25.00 Calls.
D.R. Horton, Inc. (DHI) - 55.45	Sell the November 60.00 Calls.
Morgan Stanley (MS) - 48.30	Sell the September 50.00 Calls.
Chegg Inc (CHGG) - 67.26	Sell the October 70.00 Calls.
Louisiana-Pacific Corporation (LPX) - 25.65	Sell the November 26.00 Calls.
Newmont Corp (NEM) - 61.74	Sell the September 65.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
No Additions to This Section

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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.

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