Nasdaq Dorsey Wright

Daily Option Ideas

Published: August 20, 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: Visa (V), Put: Valero Energy (VLO) Covered Write: QUALCOMM Inc. (QCOM)

Daily Option Ideas for August 20, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Visa Inc. - $204.15	V2018L195	Buy the December 195.00 calls at 18.15	186.00

Follow Ups

Name	Option	Action
Applied Materials, Inc. ( AMAT)	Oct. 55.00 Calls	Stopped at 6.70 (CP: 5.85)
Applied Materials, Inc. ( AMAT)	Oct. 60.00 Calls	Stopped at 5.50 (CP: 5.85)
D.R. Horton, Inc. ( DHI)	Nov. 60.00 Calls	Raise the option stop loss to 14.25 (CP: 16.25)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Valero Energy Corp - $52.70	VLO2018X55	Buy the December 55.00 puts at 7.50	57.00

Follow Up

Name	Option	Action
Elanco Animal Health, Inc. (ELAN)	Oct. 25.00 Puts	Stopped at 27.00 (CP: 27.53)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
QUALCOMM Incorporated $111.04	QCOM2115A115	Jan. 115.00	7.95	$52,079.35	23.04%	16.01%	6.10%

Still Recommended

Name	Action
Wendy's Company (WEN) - 21.18	Sell the November 22.00 Calls.
Lennar Corporation (LEN) - 76.81	Sell the November 75.00 Calls.
Teradyne, Inc. (TER) - 90.24	Sell the January 97.50 Calls.
eBay Inc. (EBAY) - 57.71	Sell the January 60.00 Calls.
Discover Financial Services (DFS) - 50.81	Sell the January 60.00 Calls.
PulteGroup, Inc. (PHM) - 46.17	Sell the January 50.00 Calls.
Electronic Arts Inc. (EA) - 141.86	Sell the December 150.00 Calls.
Qorvo Inc. (QRVO) - 132.46	Sell the November 135.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Pennymac Mortgage Investment Trust ( PMT - 17.50 )	January 20.00 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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