Nasdaq Dorsey Wright

Call: D.R. Horton (DHI); Put: Block Inc (SQ); Covered Write: Comerica Inc (CMA).

Daily Option Ideas for May 6, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
D.R. Horton, Inc. - $150.81	O: 24H150.00D16	Buy the August 150.00 calls at 11.40	138.00

Follow Ups

Name	Option	Action
The Walt Disney Company ( DIS)	Jul. 110.00 Calls	Initiate an option stop loss of 8.00 (CP: 10.00)
American International Group, Inc. ( AIG)	Jul. 72.50 Calls	Raise the option stop loss to 5.60 (CP: 7.60)
Ross Stores, Inc. ( ROST)	Jul. 130.00 Calls	Raise the option stop loss to 5.40 (CP: 7.40)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Block Inc - $72.17	O: 24U72.50D20	Buy the September 72.50 puts at 7.45	77.00

Follow Up

Name	Option	Action
Dollar General Corp. ( DG)	Aug. 140.00 Puts	Raise the option stop loss to 9.05 (CP: 11.05)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Comerica Incorporated $ 53.07	O: 24I55.00D20	Sep. 55.00	3.70	$ 25,292.05	20.43%	16.46%	5.82%

Still Recommended

Name	Action
Lyft Inc Class A ( LYFT) - 17.20	Sell the July 20.00 Calls.
DraftKings Inc Class A ( DKNG) - 41.82	Sell the July 45.00 Calls.
Constellation Energy Corporation ( CEG) - 194.86	Sell the August 195.00 Calls.
United Airlines Holdings Inc. ( UAL) - 51.65	Sell the August 55.00 Calls.
Airbnb, Inc. Class A ( ABNB) - 159.71	Sell the September 170.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 23.33	Sell the August 23.00 Calls.
Micron Technology, Inc. ( MU) - 114.70	Sell the August 115.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Freeport-McMoRan Inc. ( FCX - 50.45 )	August 50.00 covered write.
Hewlett Packard Enterprise Company ( HPE - 16.86 )	August 17.00 covered write.

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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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