Nasdaq Dorsey Wright

Daily Option Ideas

Published: December 13, 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: Permian Resources Corp. (PR), Put: Block Inc. (SQ), Covered Write: Clevland-Cliffs Inc. (CLF)

Daily Option Ideas for December 13, 2023

New Recommendations

Name	Option Symbol	Action	Stop Loss
Permian Resources Corp. - $13.00	PR2419D13	Buy the April 13.00 calls at 1.35	11.00

Follow Ups

Name	Option	Action
American International Group, Inc. ( AIG)	Jan. 60.00 Calls	Raise the option stop loss to 5.60 (CP: 7.60)
Broadcom Ltd ( AVGO)	Mar. 920.00 Calls	Raise the option stop loss to 170.30 (CP: 190.30)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Block Inc - $69.78	SQ2415O67.5	Buy the March 67.50 puts at 5.00	73.00

Follow Up

Name	Option	Action
No Follow Ups

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Cleveland-Cliffs Inc. $17.26	CLF2419D19	Apr. 19.00	1.38	$8,411.95	33.83%	20.10%	6.59%

Still Recommended

Name	Action
Amazon.com Inc. (AMZN) - 147.48	Sell the March 150.00 Calls.
Dexcom Inc. (DXCM) - 119.16	Sell the March 120.00 Calls.
Airbnb, Inc. Class A (ABNB) - 140.55	Sell the March 150.00 Calls.
Guess Inc. (GES) - 22.26	Sell the March 23.00 Calls.
Royal Caribbean Cruises Ltd. (RCL) - 120.30	Sell the March 125.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
No Additions to This Section

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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