Nasdaq Dorsey Wright

Daily Option Ideas

Published: August 28, 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: Paypal Holdings Inc (PYPL); Put: Seagate Technology (STX); Covered Call: Microchip Technology Incorporated (MCHP).

Daily Option Ideas for August 28, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Paypal Holdings Inc - $204.48	O: 20K200.00D20	Buy the November 200.00 calls at 19.75	186.00

Follow Ups

Name	Option	Action
Fastenal Company ( FAST)	Nov. 40.00 Calls	Raise the option stop loss to 7.20 (CP: 9.20)
CSX Corporation ( CSX)	Nov. 65.00 Calls	Raise the option stop loss to 11.25 (CP: 13.25)
Boston Scientific Corporation ( BSX)	Nov. 35.00 Calls	Raise the option stop loss to 4.75 (CP: 6.75)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Seagate Technology - $46.60	O: 20X47.50D18	Buy the December 47.50 puts at 4.60	51.00

Follow Up

Name	Option	Action
Gilead Sciences, Inc. (GILD)	Nov. 70.00 Puts	Initiate an option stop loss of 4.50 (CP: 6.50)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Microchip Technology Incorporated $107.41	O: 20L115.00D18	Dec. 115.00	6.75	$52,471.35	27.80%	17.32%	5.05%

Still Recommended

Name	Action
Wendy's Company (WEN) - 21.51	Sell the November 22.00 Calls.
Teradyne, Inc. (TER) - 84.78	Sell the January 97.50 Calls.
eBay Inc. (EBAY) - 56.31	Sell the January 60.00 Calls.
PulteGroup, Inc. (PHM) - 45.75	Sell the January 50.00 Calls.
Qorvo Inc. (QRVO) - 127.14	Sell the November 135.00 Calls.
Bank of America (BAC) - 26.05	Sell the December 27.00 Calls.
eBay Inc. (EBAY) - 56.31	Sell the January 60.00 Calls.
Canadian Natural Resources Ltd. (CNQ) - 20.03	Sell the December 21.00 Calls.
Ally Financial Inc. (ALLY) - 23.14	Sell the December 24.00 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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