Nasdaq Dorsey Wright

Daily Option Ideas

Published: January 10, 2024

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: Oracle Corporation (ORCL), Put: CVS Health Corp. (CVS), Covered Write: Micron Technology, Inc. (MU)

Daily Option Ideas for January 10, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Oracle Corporation - $103.75	ORCL2415C105	Buy the March 105.00 calls at 4.80	99.00

Follow Ups

Name	Option	Action
Alphabet Inc. ( GOOG)	Apr. 135.00 Calls	Initiate an option stop loss of 12.20 (CP: 14.20)
Amazon.com Inc. ( AMZN)	Apr. 145.00 Calls	Initiate an option stop loss of 13.60 (CP: 15.60)

New Recommendations

Name	Option Symbol	Action	Stop Loss
CVS Health Corp. - $79.18	CVS2419P77.5	Buy the April 77.50 puts at 2.91	84.00

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
Micron Technology, Inc. $83.33	MU2419D82.5	Apr. 82.50	6.20	$38,487.45	22.30%	25.20%	6.46%

Still Recommended

Name	Action
American Eagle Outfitters, Inc. (AEO) - 21.27	Sell the March 21.00 Calls.
Marvell Technology Inc. (MRVL) - 63.49	Sell the May 62.50 Calls.
Intel Corporation (INTC) - 48.05	Sell the April 48.00 Calls.
Alcoa Inc. (AA) - 31.94	Sell the April 35.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
PulteGroup, Inc. ( PHM - 103.31 )	April 105.00 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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