Nasdaq Dorsey Wright

Daily Option Ideas

Published: March 25, 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: Airbnb Inc (ABNB); Put: The Boeing Company (BA); Covered Write: Ally Financial (ALLY).

Daily Option Ideas for March 25, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Airbnb, Inc. Class A - $167.99	O: 24G165.00D19	Buy the July 165.00 calls at 17.00	160.00

Follow Ups

Name	Option	Action
Halliburton Company ( HAL)	Apr. 35.00 Calls	Initiate an option stop loss of 2.00 (CP: 4.05)
Cadence Design Systems, Inc. ( CDNS)	Jul. 305.00 Calls	Stopped at 33.20 (CP: 31.10)
Amazon.com Inc. ( AMZN)	Jul. 170.00 Calls	Raise the option stop loss to 17.15 (CP: 19.15)

New Recommendations

Name	Option Symbol	Action	Stop Loss
The Boeing Company - $191.41	O: 24S195.00D19	Buy the July 195.00 puts at 14.10	212.00

Follow Up

Name	Option	Action
Keurig Dr Pepper Inc. ( KDP)	Apr. 32.00 Puts	Stopped at 1.90 (CP: 1.75)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Ally Financial Inc. $ 39.29	O: 24F40.00D21	Jun. 40.00	2.45	$ 18,684.25	24.84%	22.55%	5.16%

Still Recommended

Name	Action
Cleveland-Cliffs Inc. ( CLF) - 21.26	Sell the June 21.00 Calls.
Carnival Corporation ( CCL) - 17.08	Sell the June 16.00 Calls.
Uber Technologies, Inc. ( UBER) - 80.23	Sell the June 80.00 Calls.
Bath & Body Works Inc. ( BBWI) - 46.75	Sell the June 47.50 Calls.
Applied Materials, Inc. ( AMAT) - 210.21	Sell the June 210.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 24.18	Sell the June 26.00 Calls.
Advanced Micro Devices, Inc. ( AMD) - 179.61	Sell the June 180.00 Calls.
Hewlett Packard Enterprise Company ( HPE) - 17.37	Sell the August 18.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Ralph Lauren ( RL - 187.60 )	June 195.00 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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