Nasdaq Dorsey Wright

Daily Option Ideas

Published: December 22, 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: Caesar's Entertainment (CZR); Put: Merck & Co (MRK); Covered Write: Snap Inc (SNAP).

Daily Option Ideas for December 22, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Caesars Entertainment Inc. - $74.31	O: 21C70.00D19	Buy the March 70.00 calls at 12.15	69.00

Follow Ups

Name	Option	Action
Apple Inc. ( AAPL)	Apr. 120.00 Calls	Raise the option stop loss to 15.85 (CP: 17.85)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Merck & Co., Inc. - $79.42	O: 21P80.00D16	Buy the April 80.00 puts at 4.90	84.00

Follow Up

Name	Option	Action
Gilead Sciences, Inc. (GILD)	Mar. 62.50 Puts	Initiate an option stop loss of 5.15 (CP: 7.15)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Snap Inc $52.36	O: 21B55.00D19	Feb. 55.00	4.35	$24,152.20	79.08%	48.48%	7.27%

Still Recommended

Name	Action
Marathon Petroleum Corp. (MPC) - 39.75	Sell the April 45.00 Calls.
Phillips-Van Heusen Corporation (PVH) - 94.64	Sell the March 90.00 Calls.
Comerica Incorporated (CMA) - 53.94	Sell the April 57.50 Calls.
KeyCorp (KEY) - 15.75	Sell the March 16.00 Calls.
American International Group, Inc. (AIG) - 37.37	Sell the May 40.00 Calls.
L Brands Inc. (LB) - 38.66	Sell the May 40.00 Calls.
Synovus Financial Corp. (SNV) - 32.15	Sell the February 32.00 Calls.
Citizens Financial Group Inc (CFG) - 34.76	Sell the February 35.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Delta Air Lines Inc. ( DAL - 40.14 )	March 45.00 covered write.
Mosaic Company ( MOS - 23.14 )	March 25.00 covered write.

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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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