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Income Masters Trade Alert: NFLX

Let’s book profits on our Netflix (NFLX) bull put spread, earning an 8.8% return in two weeks, or 229% annualized. Current Stock Price: $304.77 Cash in Hand: $0.54 Action: Buy to close the NFLX Dec Week Two (12/9) 260 Put for around $0.28 Sell to close the NFLX Dec Week Two (12/9) 255 Put for…

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Income Masters Trade Alert: TTD

Let’s book fast profits on our The Trade Desk (TTD), earning a 0.6% return in two days, or 111% annualized. Current Stock Price: $51.73 Cash in Hand: $0.33 Action: Buy to close the TTD Dec Week One (12/2) 46 Put for around $0.05, but adjust as needed to close today5 Profit: $0.28, or $28 per…

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OIB Trade Alert: DVN

Let’s book fast profits on our Devon Energy (DVN) put, earning an excellent annualized rate of return. Current Stock Price: $68.22 Cash in Hand: $0.52 Action: Buy to close the DVN Dec Week One (12/2) 65 Put Current Option Price: $0.18-$0.21 Recommended Limit: Set your initial limit order at $0.19, but adjust as needed to…

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Income Masters Trade Alert: TGT

The short leg of our Target (TGT) LEAP call spread is in the money. I am recommending we roll it out to the January monthly expiration and to a higher strike price to avoid being called out of the position. We will be spending some cash to do so but picking up an additional $10…

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OIB Trade Alert: PFE

Pfizer (PFE) has continued its relatively orderly ascent. I am recommending we roll our put out two weeks to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be…

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Income Masters Trade Alert: BBY

Best Buy (BBY) appears to be stalling after a monster run-up following the release of better-than-expected quarterly results last week. Shares have gained more than 18% in just over a week. However, the stock remains vulnerable as it is in the midst of a crucial period for retailers. The latest numbers from the Conference Board…

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