Nasdaq Dorsey Wright

Call: Cardinal Health (CAH); Put: Duke Energy (DUK); Covered Write: Lennar Corporation (LEN)

Daily Option Ideas for May 9, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Cardinal Health, Inc. - $98.19	CAH2420I97.5	Buy the September 97.50 calls at 6.40	93.00

Follow Ups

Name	Option	Action
Ross Stores, Inc. ( ROST)	Jul. 130.00 Calls	Raise the option stop loss to 7.30 (CP: 9.30)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Duke Energy Corporation - $102.69	DUK2418V100	Buy the October 100.00 puts at 3.20	108.00

Follow Up

Name	Option	Action
Las Vegas Sands Corp. ( LVS)	Jun. 52.50 Puts	Stopped at 5.00 (CP: 4.70)
Archer-Daniels-Midland Company ( ADM)	Sep. 62.50 Puts	Stopped at 3.30 (CP: 3.30)
Dollar General Corp. ( DG)	Aug. 140.00 Puts	Stopped at 9.05 (CP: 8.45)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Lennar Corporation $ 158.47	LEN2416H165	Aug. 165.00	8.80	$ 76,716.70	23.94%	17.08%	4.43%

Still Recommended

Name	Action
DraftKings Inc Class A ( DKNG) - 42.81	Sell the July 45.00 Calls.
United Airlines Holdings Inc. ( UAL) - 53.02	Sell the August 55.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 21.56	Sell the August 23.00 Calls.
Micron Technology, Inc. ( MU) - 119.32	Sell the August 115.00 Calls.
Royal Caribbean Cruises Ltd. ( RCL) - 141.68	Sell the September 145.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 21.56	Sell the August 22.00 Calls.

The Following Covered Write are no longer recommended

Name	Covered Write
Lyft Inc Class A ( LYFT - 17.78 )	July 20.00 covered write.
Airbnb, Inc. Class A ( ABNB - 157.90 )	September 170.00 covered write.
Comerica Incorporated ( CMA - 53.88 )	September 55.00 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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