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OIB Trade Alert: PFE

We have one position expiring today – a Pfizer (PFE) call. It is on track to expire worthless and we will sell another call next week. If the stock pops this afternoon, that would be great, allow yourself to be called out.   Pfizer (PFE) May Week One (5/7) 40 Call Current Stock Price: $39.20…

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OIB Trade Alert: MLHR

Let’s book profits on our Herman Miller (MLHR) put. While we have more than two weeks until expiration, there is simply too much cash on the table to pass up. Current Stock Price: $43.08 Cash in Hand: $0.85 Action: Buy to close the MLHR May Monthly (5/21) 40 Put Current Option Price: $0.35-$0.45 Recommended Limit:…

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OIB Trade Alert: ICLN, MRVL, MU

We accepted shares of iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) last week. I am recommending calls to sell against them to reduce our cost basis on the positions. Note that these recommendations are only for people who own shares of these stocks uncovered from previous recommendations. ICLN…

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OIB Trade Alert: AAPL

I am recommending we roll our Apple (AAPL) call out one week to bring in additional income. If we are called out next week, we will book a small profit. Current Stock Price: $129.78 Cost Basis: $128.13 Action: Buy to close the AAPL May Week One (5/7) 128 Call for around $2.22 Sell to open…

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OIB Trade Alert: CVS

CVS Health (CVS) is running up today, allowing us to book exceptional short-term profits. Current Stock Price: $82.12 Cash in Hand: $0.95 Action: Buy to close the CVS May Week One (5/7) 80 Put Current Option Price: $0.09-$0.11 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit:…

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