Nasdaq Dorsey Wright

Call: Palo Alto Networks (PANW), Put: General Motors (GM), Covered Write: Box, Inc. (BOX)

Daily Option Ideas for May 2, 2018

New Recommendations

Name	Option Symbol	Action	Stop Loss
Palo Alto Networks Inc - $197.92	O:PANW 18I185.00D21	Buy the September 185.00 calls at 24.20	182.00

Follow Ups

Name	Option	Action
Akamai Technologies, Inc. ( AKAM)	May. 67.50 Calls	Raise the stock price stop loss to 68.00 (CP: 71.47)
E*trade Group, Inc. ( ETFC)	Jul. 50.00 Calls	Raise the option stop loss to 10.10 (CP: 12.10)

New Recommendations

Name	Option Symbol	Action	Stop Loss
General Motors - $36.43	O:GM 18U40.00D21	Buy the September 40.00 puts at 4.80	40.00

Follow Up

Name	Option	Action
Leggett & Platt, Incorporated (LEG)	Sep. 45.00 Puts	Stopped at 3.50 (CP: 3.50)
Gilead Sciences, Inc. (GILD)	Sep. 77.50 Puts	Initiate an option stop loss of 9.60 (CP: 11.60)
Perrigo Co. PLC (PRGO)	Aug. 85.00 Puts	Raise the option stop loss to 7.70 (CP: 9.70)
Perrigo Co. PLC (PRGO)	Nov. 85.00 Puts	Initiate a stock price stop of 0.00 (CP: 77.06)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Box Inc. $23.28	O:BOX 18I25.00D21	Sep. 25.00	2.00	$11,069.40	30.45%	20.22%	7.29%

Still Recommended

Name	Action
Avis Budget Group, Inc. (CAR) - 47.94	Sell the August 52.50 Calls.
Deckers Outdoor Corporation (DECK) - 94.09	Sell the September 97.50 Calls.
Lam Research Corporation (LRCX) - 190.39	Sell the August 195.00 Calls.
NetApp, Inc. (NTAP) - 67.85	Sell the September 70.00 Calls.
Axon Enterprise Inc. (AAXN) - 41.51	Sell the September 45.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Chart Industries, Inc. ( GTLS - 57.57 )	September 60.00 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.

Equity prices provided by Thomson-Reuters. Cross Rate prices provided by Tenfore Systems. Option prices provided by OPRA
Copyright © 1995-{ENDYEAR} Dorsey, Wright & Associates, LLC.®
All quotes displayed are delayed 20 minutes
Disclaimer/Terms of Use/Copyright