Nasdaq Dorsey Wright

Daily Option Ideas

Published: March 22, 2023

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: American Express Company (AXP), Put: DocuSign, Inc. (DOCU), Covered Write: Barrick Gold Corporation (GOLD)

Daily Option Ideas for March 22, 2023

New Recommendations

Name	Option Symbol	Action	Stop Loss
American Express Company - $164.45	AXP2316F165	Buy the June 165.00 calls at 9.55	154.00

Follow Ups

Name	Option	Action
HCA Healthcare Inc. ( HCA)	Jun. 255.00 Calls	Stopped at 17.40 (CP: 16.70)
AbbVie Inc. ( ABBV)	Jun. 145.00 Calls	Stopped at 12.80 (CP: 12.30)

New Recommendations

Name	Option Symbol	Action	Stop Loss
DocuSign, Inc. - $57.64	DOCU2316R57.5	Buy the June 57.50 puts at 7.05	67.00

Follow Up

Name	Option	Action
CoStar Group Inc. (CSGP)	Jun. 75.00 Puts	Raise the option stop loss to 7.30 (CP: 9.30)
Micron Technology, Inc. (MU)	Jun. 57.50 Puts	Stopped at 60.00 (CP: 59.41)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Barrick Gold Corporation $17.69	GOLD2315I19	Sep. 19.00	1.47	$8,433.05	23.87%	15.58%	7.02%

Still Recommended

Name	Action
Tapestry Inc. (TPR) - 41.45	Sell the August 45.00 Calls.
Valero Energy Corp (VLO) - 132.19	Sell the June 135.00 Calls.
Fortinet Inc. (FTNT) - 62.46	Sell the June 65.00 Calls.
Meta Platform Inc. (META) - 202.16	Sell the June 220.00 Calls.
MGM Resorts International (MGM) - 42.68	Sell the June 43.00 Calls.
Dexcom Inc. (DXCM) - 118.98	Sell the September 125.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Wynn Resorts, Limited ( WYNN - 108.19 )	June 115.00 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
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