Nasdaq Dorsey Wright

Call: Cisco Systems (CSCO), Put: Seagate Technology (STX), Covered Write: Fiserv (FISV)

Daily Option Ideas for July 23, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Cisco Systems, Inc. - $47.41	CSCO2016J45	Buy the October 45.00 calls at 4.10	43.00

Follow Ups

Name	Option	Action
Lowe's Companies, Inc. ( LOW)	Oct. 130.00 Calls	Stopped at 19.60 (CP: 18.75)
Best Buy Co., Inc. ( BBY)	Oct. 85.00 Calls	Raise the option stop loss to 11.95 (CP: 13.95)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Seagate Technology - $50.00	STX2016V55	Buy the October 55.00 puts at 7.35	56.00

Follow Up

Name	Option	Action
Walgreens Boots Alliance Inc. (WBA)	Jul. 45.00 Puts	Stopped at 0.00 (CP: 3.40)
Micron Technology, Inc. (MU)	Oct. 50.00 Puts	Stopped at 53.00 (CP: 52.63)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Fiserv, Inc. $102.44	FISV2020K105	Nov. 105.00	6.20	$48,536.95	21.63%	16.03%	5.01%

Still Recommended

Name	Action
Bank of America (BAC) - 24.31	Sell the November 25.00 Calls.
Applied Materials, Inc. (AMAT) - 64.22	Sell the October 65.00 Calls.
Chegg Inc (CHGG) - 76.00	Sell the October 75.00 Calls.
Big Lots, Inc. (BIG) - 42.41	Sell the October 42.50 Calls.
Wendy's Company (WEN) - 23.35	Sell the October 23.00 Calls.
Fifth Third Bancorp (FITB) - 19.42	Sell the November 19.00 Calls.
Chegg Inc (CHGG) - 76.00	Sell the October 75.00 Calls.
Wendy's Company (WEN) - 23.35	Sell the November 23.00 Calls.
L Brands Inc. (LB) - 19.41	Sell the November 20.00 Calls.
JD.COM INC (JD) - 61.84	Sell the October 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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