Nasdaq Dorsey Wright

Daily Option Ideas

Published: August 19, 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: Garmin (GRMN), Put: Delta Air Lines (DAL), Covered Write: Qorvo (QRVO)

Daily Option Ideas for August 19, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Garmin Ltd. - $103.99	GRMN2016J97.5	Buy the October 97.50 calls at 8.50	94.00

Follow Ups

Name	Option	Action
Home Depot, Inc. ( HD)	Sep. 250.00 Calls	Stopped at 34.05 (CP: 33.00)
Applied Materials, Inc. ( AMAT)	Oct. 60.00 Calls	Initiate an option stop loss of 5.50 (CP: 7.50)
Carmax Group ( KMX)	Oct. 92.50 Calls	Stopped at 14.70 (CP: 14.10)
D.R. Horton, Inc. ( DHI)	Nov. 60.00 Calls	Raise the option stop loss to 13.70 (CP: 15.70)
Honeywell International, Inc. ( HON)	Dec. 145.00 Calls	Stopped at 17.70 (CP: 17.00)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Delta Air Lines Inc. - $27.67	DAL2018L30	Buy the December 30.00 puts at 5.40	34.00

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
Qorvo Inc. $132.61	QRVO2020K135	Nov. 135.00	10.20	$61,843.30	31.70%	27.84%	6.62%

Still Recommended

Name	Action
Wendy's Company (WEN) - 21.59	Sell the November 22.00 Calls.
Lennar Corporation (LEN) - 77.17	Sell the November 75.00 Calls.
Teradyne, Inc. (TER) - 91.23	Sell the January 97.50 Calls.
eBay Inc. (EBAY) - 57.03	Sell the January 60.00 Calls.
Discover Financial Services (DFS) - 50.94	Sell the January 60.00 Calls.
PulteGroup, Inc. (PHM) - 46.61	Sell the January 50.00 Calls.
Pennymac Mortgage Investment Trust (PMT) - 17.76	Sell the January 20.00 Calls.
Electronic Arts Inc. (EA) - 142.58	Sell the December 150.00 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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