Nasdaq Dorsey Wright

Daily Option Ideas

Published: December 11, 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: Meta Platforms (META); Put: Freeport McMoRan Inc (FCX); Covered Write: Guess Inc (GES).

Daily Option Ideas for December 11, 2023

New Recommendations

Name	Option Symbol	Action	Stop Loss
Meta Platform Inc. - $324.51	O: 24C320.00D15	Buy the March 320.00 calls at 27.85	312.00

Follow Ups

Name	Option	Action
T-Mobile US Inc. ( TMUS)	Feb. 145.00 Calls	Raise the option stop loss to 14.45 (CP: 16.45)
Tesla Inc. ( TSLA)	Mar. 240.00 Calls	Stopped at 24.90 (CP: 24.35)
Walmart Inc. ( WMT)	Mar. 155.00 Calls	Stopped at 150.00 (CP: 155.73)
Broadcom Ltd ( AVGO)	Mar. 920.00 Calls	Raise the option stop loss to 140.00 (CP: 143.80)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Freeport-McMoRan Inc. - $37.82	O: 24Q38.00D17	Buy the May 38.00 puts at 3.70	42.00

Follow Up

Name	Option	Action
Johnson & Johnson (JNJ)	Mar. 155.00 Puts	Initiate an option stop loss of 2.75 (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
Guess Inc. $22.07	O: 24C23.00D15	Mar. 23.00	10,505.35	$10,505.35	32.28%	25.77%	6.29%

Still Recommended

Name	Action
Amazon.com Inc. (AMZN) - 147.42	Sell the March 150.00 Calls.
Dexcom Inc. (DXCM) - 116.97	Sell the March 120.00 Calls.
Airbnb, Inc. Class A (ABNB) - 140.68	Sell the March 150.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Expedia Group Inc. ( EXPE - 145.50 )	March 145.00 covered write.
Advanced Micro Devices, Inc. ( AMD - 128.92 )	March 125.00 covered write.
Intel Corporation ( INTC - 42.70 )	March 43.00 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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