Nasdaq Dorsey Wright

Daily Option Ideas

Published: December 15, 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: Asana Inc (ASAN); Put: Las Vegas Sands (LVS); Covered Write: Equitrans Midstream Corp (ETRN).

Daily Option Ideas for December 15, 2023

New Recommendations

Name	Option Symbol	Action	Stop Loss
Asana, Inc. Class A - $19.98	O: 24B20.00D16	Buy the February 20.00 calls at 1.75	18.00

Follow Ups

Name	Option	Action
Broadcom Ltd ( AVGO)	Mar. 920.00 Calls	Raise the option stop loss to 208.00 (CP: 228.40)
Meta Platform Inc. ( META)	Mar. 320.00 Calls	Raise the option stop loss to 32.05 (CP: 34.05)
Applied Materials, Inc. ( AMAT)	Apr. 155.00 Calls	Raise the option stop loss to 15.15 (CP: 17.15)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Las Vegas Sands Corp. - $47.87	O: 24O50.00D15	Buy the March 50.00 puts at 3.80	51.00

Follow Up

Name	Option	Action
Exelon Corporation (EXC)	Jan. 39.00 Puts	Initiate an option stop loss of 2.30 (CP: 3.30)
Willis Towers Watson PLC (WTW)	Apr. 240.00 Puts	Initiate an option stop loss of 9.60 (CP: 11.60)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Equitrans Midstream Corp. $10.06	O: 24B10.00D16	Feb. 10.00	0.55	$4,737.35	26.06%	27.23%	4.49%

Still Recommended

Name	Action
Amazon.com Inc. (AMZN) - 147.44	Sell the March 150.00 Calls.
Dexcom Inc. (DXCM) - 123.10	Sell the March 120.00 Calls.
Airbnb, Inc. Class A (ABNB) - 147.37	Sell the March 150.00 Calls.
Royal Caribbean Cruises Ltd. (RCL) - 121.39	Sell the March 125.00 Calls.
Cleveland-Cliffs Inc. (CLF) - 18.87	Sell the April 19.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Western Digital Corporation ( WDC - 51.16 )	April 55.00 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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