Daily Option Ideas | Nasdaq Dorsey Wright

Daily Option Ideas

Published: March 30, 2021

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: Delta Air Lines (DAL), Put: Wheaton Precious Metals (WPM), Covered Write: Nordstrom (JWN)

Daily Option Ideas for March 30, 2021

New Recommendations

Name	Option Symbol	Action	Stop Loss
Delta Air Lines Inc. - $48.87	DAL2118F45	Buy the June 45.00 calls at 6.20	43.00

Follow Ups

Name	Option	Action
Bank of America ( BAC)	Jun. 30.00 Calls	Raise the option stop loss to 7.30 (CP: 9.30)
The Kroger Co. ( KR)	Jul. 32.00 Calls	Raise the option stop loss to 4.35 (CP: 6.35)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Wheaton Precious Metals Corp - $37.51	WPM2118R40	Buy the June 40.00 puts at 4.45	41.00

Follow Up

Name	Option	Action
Pan American Silver Corp (PAAS)	Jul. 36.00 Puts	Raise the option stop loss to 6.05 (CP: 8.05)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Nordstrom, Inc. $37.33	JWN2116G40	Jul. 40.00	3.75	$17,217.60	50.91%	32.73%	8.83%

Still Recommended

Name	Action
Alcoa Inc. (AA) - 32.04	Sell the July 30.00 Calls.
Ladder Capital Corp (LADR) - 11.70	Sell the August 12.50 Calls.
MGM Resorts International (MGM) - 37.16	Sell the June 40.00 Calls.
The Gap, Inc. (GPS) - 28.76	Sell the June 30.00 Calls.
Uber Technologies, Inc. (UBER) - 53.35	Sell the June 55.00 Calls.
General Motors (GM) - 55.94	Sell the June 57.50 Calls.
Occidental Petroleum Corporation (OXY) - 27.00	Sell the August 28.00 Calls.
Tanger Factory Outlet Centers (SKT) - 14.89	Sell the June 17.00 Calls.
Navient Corporation (NAVI) - 13.86	Sell the July 15.00 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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