Nasdaq Dorsey Wright

Call: Ross Stores (ROST); Put: RTX Corp. (RTX); Covered Write: Freeport-McMoRan (FCX)

Daily Option Ideas for May 2, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Ross Stores, Inc. - $127.68	ROST2419G130	Buy the July 130.00 calls at 5.50	120.00

Follow Ups

Name	Option	Action
American International Group, Inc. ( AIG)	Jul. 72.50 Calls	Initiate an option stop loss of 5.00 (CP: 7.00)
J.P. Morgan Chase & Co. ( JPM)	Aug. 180.00 Calls	Stopped at 16.50 (CP: 16.45)

New Recommendations

Name	Option Symbol	Action	Stop Loss
RTX Corp. - $101.49	RTX2416T100	Buy the August 100.00 puts at 3.25	108.00

Follow Up

Name	Option	Action
CVS Health Corp. ( CVS)	Jun. 75.00 Puts	Raise the option stop loss to 16.95 (CP: 18.95)
The AES Corporation ( AES)	Aug. 18.00 Puts	Stopped at 19.00 (CP: 18.84)
Dollar General Corp. ( DG)	Aug. 140.00 Puts	Initiate an option stop loss of 8.25 (CP: 10.25)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Freeport-McMoRan Inc. $ 49.91	FCX2416H50	Aug. 50.00	3.45	$ 22,926.15	27.48%	21.99%	6.00%

Still Recommended

Name	Action
Lyft Inc Class A ( LYFT) - 15.86	Sell the July 20.00 Calls.
DraftKings Inc Class A ( DKNG) - 41.82	Sell the July 45.00 Calls.
Constellation Energy Corporation ( CEG) - 184.46	Sell the August 195.00 Calls.
United Airlines Holdings Inc. ( UAL) - 50.67	Sell the August 55.00 Calls.
Airbnb, Inc. Class A ( ABNB) - 156.16	Sell the September 170.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 22.12	Sell the August 23.00 Calls.
Micron Technology, Inc. ( MU) - 109.70	Sell the August 115.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Lennar Corporation ( LEN - 152.47 )	August 155.00 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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