Nasdaq Dorsey Wright

Call: Centene Corporation (CNC); Covered Write: Johnson & Johnson (JNJ); Covered Write: Bath & Body Works (BBWI).

Daily Option Ideas for May 10, 2024

New Recommendations

Name	Option Symbol	Action	Stop Loss
Centene Corporation - $77.86	O: 24I77.50D20	Buy the September 77.50 calls at 5.50	70.00

Follow Ups

Name	Option	Action
Visa Inc. ( V)	Jul. 275.00 Calls	Initiate an option stop loss of 9.15 (CP: 11.15)

New Recommendations

Name	Option Symbol	Action	Stop Loss
Johnson & Johnson - $149.75	O: 24U150.00D20	Buy the September 150.00 puts at 5.10	164.00

Follow Up

Name	Option	Action
Match Group, Inc. ( MTCH)	Jun. 37.50 Puts	Raise the option stop loss to 5.00 (CP: 7.00)
UnitedHealth Group Incorporated ( UNH)	Jul. 480.00 Puts	Stopped at 512.00 (CP: 511.55)

New Recommendations

Name	Option Sym.	Call to Sell	Call Price	Investment for 500 Shares	Annual Called Rtn.	Annual Static Rtn.	Downside Protection
Bath & Body Works Inc. $ 48.56	O: 24H50.00D16	Aug. 50.00	3.00	$ 22,547.95	36.57%	20.60%	5.24%

Still Recommended

Name	Action
DraftKings Inc Class A ( DKNG) - 44.04	Sell the July 45.00 Calls.
United Airlines Holdings Inc. ( UAL) - 52.63	Sell the August 55.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 21.14	Sell the August 23.00 Calls.
Micron Technology, Inc. ( MU) - 117.86	Sell the August 115.00 Calls.
Royal Caribbean Cruises Ltd. ( RCL) - 141.74	Sell the September 145.00 Calls.
Palantir Technologies Inc. Class A ( PLTR) - 21.14	Sell the August 22.00 Calls.
Lennar Corporation ( LEN) - 160.89	Sell the August 165.00 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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