Nasdaq Dorsey Wright

Daily Option Ideas

Published: October 1, 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: Sysco Corp (SYY), Put: Micron Technology (MU), Covered Write: DR Horton (DHI)

Daily Option Ideas for October 1, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Sysco Corporation - $62.51	SYY2115A60	Buy the January 60.00 calls at 7.20	58.00

Follow Ups

Name	Option	Action
Crocs, Inc. ( CROX)	Dec. 37.00 Calls	Raise the option stop loss to 6.80 (CP: 8.80)
Crocs, Inc. ( CROX)	Dec. 39.00 Calls	Raise the option stop loss to 6.80 (CP: 8.80)
T-Mobile US Inc. ( TMUS)	Jan. 100.00 Calls	Raise the option stop loss to 15.90 (CP: 17.90)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Micron Technology, Inc. - $47.64	MU2115M52.5	Buy the January 52.50 puts at 7.75	52.00

Follow Up

Name	Option	Action
Suncor Inc (SU)	Dec. 17.00 Puts	Raise the option stop loss to 3.50 (CP: 5.50)
Schlumberger Limited (SLB)	Jan. 20.00 Puts	Raise the option stop loss to 3.20 (CP: 5.20)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
D.R. Horton, Inc. $75.63	DHI2115A80	Jan. 80.00	6.05	$35,859.95	36.06%	25.06%	6.78%

Still Recommended

Name	Action
Barrick Gold Corporation (GOLD) - 28.11	Sell the January 31.00 Calls.
Dynatrace, Inc. (DT) - 41.02	Sell the December 45.00 Calls.
The Chemours Company (CC) - 20.91	Sell the January 23.00 Calls.
Snap Inc (SNAP) - 26.11	Sell the January 25.00 Calls.
Synchrony Financial (SYF) - 26.17	Sell the January 28.00 Calls.
Ally Financial Inc. (ALLY) - 25.07	Sell the December 25.00 Calls.
QUALCOMM Incorporated (QCOM) - 117.68	Sell the January 120.00 Calls.
Twitter, Inc (TWTR) - 44.50	Sell the January 47.00 Calls.
L Brands Inc. (LB) - 31.81	Sell the January 35.00 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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