Daily Option Ideas | Nasdaq Dorsey Wright

Daily Option Ideas

Published: July 23, 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: Spirit Realty Capital (SRC); Put: LyondellBasell (LYB); Covered Write: Dick's Sporting Goods (DKS)

Daily Option Ideas for July 23, 2021

New Recommendations

Name	Option Symbol	Action	Stop Loss
Spirit Realty Capital Inc - $50.03	SRC2115J50	Buy the October 50.00 calls at 2.40	44.00

Follow Ups

Name	Option	Action
eBay Inc. ( EBAY)	Oct. 65.00 Calls	Raise the option stop loss to 7.75 (CP: 9.75)

New Recommendations

Name	Option Symbol	Action	Stop Loss
LyondellBasell Industries NV - $96.67	LYB2117X105	Buy the December 105.00 puts at 14.10	106.00

Follow Up

Name	Option	Action
Tencent Music Entertainment Group ADR Class A (TME)	Oct. 16.00 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
Dick's Sporting Goods, Inc. $101.28	DKS2117L110	Dec. 110.00	8.10	$48,697.35	29.48%	17.78%	6.68%

Still Recommended

Name	Action
Cleveland-Cliffs Inc. (CLF) - 21.07	Sell the October 22.00 Calls.
Antero Resources Corp (AR) - 13.66	Sell the November 15.00 Calls.
Amkor Technology, Inc. (AMKR) - 22.88	Sell the December 23.00 Calls.
United States Steel Corporation (X) - 23.04	Sell the October 25.00 Calls.
CommScope Holding Company, Inc. (COMM) - 19.97	Sell the November 21.00 Calls.
Cloudflare Inc Class A (NET) - 113.77	Sell the November 115.00 Calls.
NVIDIA Corporation (NVDA) - 195.94	Sell the November 195.00 Calls.
Mosaic Company (MOS) - 30.15	Sell the December 32.00 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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