Nasdaq Dorsey Wright

Daily Option Ideas

Published: December 29, 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: Marathon Petroleum (MPC), Put: Intel (INTC), Covered Write: Freeport-McMoran (FCX)

Daily Option Ideas for December 29, 2020

New Recommendations

Name	Option Symbol	Action	Stop Loss
Marathon Petroleum Corp. - $40.86	MPC2116D35	Buy the April 35.00 calls at 7.70	35.00

Follow Ups

Name	Option	Action
Monster Beverage Corp. ( MNST)	Mar. 85.00 Calls	Raise the option stop loss to 6.40 (CP: 8.40)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Intel Corporation - $49.71	INTC2116P55	Buy the April 0.00 puts at 8.05	53.00

Follow Up

Name	Option	Action
International Flavors & Fragrances Inc. (IFF)	Mar. 115.00 Puts	Stopped at 10.50 (CP: 9.90)
Intel Corporation (INTC)	Mar. 52.50 Puts	Stopped at 5.65 (CP: 4.75)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Freeport-McMoRan Inc. $24.63	FCX2116D26	Apr. 26.00	2.16	$11,434.60	42.61%	27.94%	7.64%

Still Recommended

Name	Action
Marathon Petroleum Corp. (MPC) - 40.78	Sell the April 45.00 Calls.
Phillips-Van Heusen Corporation (PVH) - 94.91	Sell the March 90.00 Calls.
Comerica Incorporated (CMA) - 56.20	Sell the April 57.50 Calls.
American International Group, Inc. (AIG) - 37.07	Sell the May 40.00 Calls.
L Brands Inc. (LB) - 38.82	Sell the May 40.00 Calls.
Synovus Financial Corp. (SNV) - 32.31	Sell the February 32.00 Calls.
Citizens Financial Group Inc (CFG) - 35.11	Sell the February 35.00 Calls.
Snap Inc (SNAP) - 48.26	Sell the February 55.00 Calls.
Ballard Power Systems, Inc. (BLDP) - 22.86	Sell the February 24.00 Calls.
Kimco Realty Corporation (KIM) - 14.71	Sell the April 15.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Cloudflare Inc Class A ( NET - 77.50 )	February 90.00 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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