Nasdaq Dorsey Wright

Call: MIcrosoft (MSFT); Put: Smartsheet Inc (SMAR); Covered Write: Morgan Stanley (MS).

Daily Option Ideas for July 24, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Microsoft Corporation - $201.30	O: 20K200.00D20	Buy the November 200.00 calls at 16.50	184.00

Follow Ups

Name	Option	Action
Intel Corporation ( INTC)	Sep. 60.00 Calls	Stopped at 55.00 (CP: 50.58)
Home Depot, Inc. ( HD)	Sep. 250.00 Calls	Raise the option stop loss to 18.80 (CP: 20.80)
Morgan Stanley ( MS)	Sep. 46.00 Calls	Stopped at 5.25 (CP: 5.15)
Best Buy Co., Inc. ( BBY)	Oct. 85.00 Calls	Raise the option stop loss to 12.70 (CP: 14.70)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Smartsheet, Inc. Class A - $46.85	O: 20W50.00D20	Buy the November 50.00 puts at 8.10	50.00

Follow Up

Name	Option	Action
No Follow Ups

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Morgan Stanley $50.56	O: 20A52.50D17	Jan. 52.50	3.80	$23,459.90	22.57%	14.49%	6.50%

Still Recommended

Name	Action
Bank of America (BAC) - 24.54	Sell the November 25.00 Calls.
Chegg Inc (CHGG) - 74.63	Sell the October 75.00 Calls.
Big Lots, Inc. (BIG) - 41.73	Sell the October 42.50 Calls.
Wendy's Company (WEN) - 23.12	Sell the October 23.00 Calls.
Fifth Third Bancorp (FITB) - 19.41	Sell the November 19.00 Calls.
Chegg Inc (CHGG) - 74.63	Sell the October 75.00 Calls.
Wendy's Company (WEN) - 23.12	Sell the November 23.00 Calls.
L Brands Inc. (LB) - 19.36	Sell the November 20.00 Calls.
JD.COM INC (JD) - 60.52	Sell the October 65.00 Calls.
Fiserv, Inc. (FISV) - 102.19	Sell the November 105.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Applied Materials, Inc. ( AMAT - 63.63 )	October 65.00 covered write.

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.

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