Nasdaq Dorsey Wright

Daily Option Ideas

Published: August 28, 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: Microsoft (MSFT), Put: Cisco Systems, Inc. (CSCO), Covered Write: The Gap, Inc. (GAP)

Daily Option Ideas for August 28, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Microsoft Corporation - $410.38	MSFT2420L415	Buy the December 415.00 calls at 23.15	384.00

Follow Ups

Name	Option	Action
Stryker Corporation ( SYK)	Sep. 340.00 Calls	Stopped at 18.20 (CP: 18.20)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Cisco Systems, Inc. - $49.84	CSCO2415W47.5	Buy the November 47.50 puts at 1.08	53.00

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
The Gap, Inc. $ 23.28	GAP2420L23	Dec. 23.00	2.83	$ 9,951.55	46.20%	41.45%	11.46%

Still Recommended

Name	Action
NVIDIA Corporation ( NVDA) - 128.30	Sell the November 118.00 Calls.
D.R. Horton, Inc. ( DHI) - 187.54	Sell the November 180.00 Calls.
Hewlett Packard Enterprise Company ( HPE) - 19.10	Sell the October 19.00 Calls.
Broadcom Ltd ( AVGO) - 161.39	Sell the December 170.00 Calls.
Toast, Inc. Class A ( TOST) - 24.75	Sell the December 25.00 Calls.
Capital One Financial Corporation ( COF) - 142.38	Sell the December 145.00 Calls.
NRG Energy, Inc. ( NRG) - 83.60	Sell the November 85.00 Calls.
Broadcom Ltd ( AVGO) - 161.39	Sell the December 160.00 Calls.
Fortinet Inc. ( FTNT) - 75.97	Sell the December 80.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
No Additions to This Section

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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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