Zoom (ZM) Let’s book profits on our Zoom (ZM) put, earning a 0.6% return in 3 days, or 75% annualized. Current Stock Price: $66.20 Cash in Hand: $0.63 Action: Buy to close the ZM May Week Four (5/26) 64 Put for around $0.16 – 0.22, but adjust as needed to close today Profit: $0.41, or…
The market has turned positive on debit ceiling discussion optimism and this gives us a chance to get back into a new trade position. Let’s go back to Roku Inc. (ROKU) for a strike 10% out of the money at a solid credit. Please do not chase the trade by accepting less premium than the…
Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and let the trades come to you. Zoom (ZM) Current Stock Price: $65.82 Action: Sell to open ZM May Week Four (5/26) 64 Put Recommended Limit: Set your initial…
Below are the trades from today’s Income Masters Live Trading Session. Zoom (ZM) Current Stock Price: $65.82 Action: Sell to open ZM May Week Four (5/26) 64 Put Recommended Limit: Set your initial limit order at $0.63. You can go as low as $0.55, but please don’t start there and always use limit orders. Expiration:…
With the debt ceiling deadline approaching and the unknown outcome of current negotiations, we are going to play it on the cautious side with our trading this week. We are going back to Trade Desk (TTD) for a short-term income play. Please do not chase the trade by accepting less premium than the “go as…
Our Marvell Technology (MRVL) put is well out of the money after the stock rallied this week. Given that the company is scheduled to announce earnings on May 25, we are simply going to watch the put expire worthless. Once we see how the market responds to what the semiconductor maker has to say, we…
Let’s book fast profits on our Crocs (CROX) put. While the cost to close remains about a dime above our original target exit price, there’s too much cash sitting on the table after just 24 hours to risk holding the position through the weekend given the added uncertainty surrounding the debt ceiling debate. So, let’s…
Let’s book fast profits on The Trade Desk (TTD). While the midpoint is a penny above our target closeout, the stock is up around 3% today. Let’s not risk watching it reverse and instead put that cash in our pockets. If you work your limit order, you may be able to get out for $0.30.…
It’s time to move on from our Pfizer (PFE) position. We will be booking a large loss and did not make this decision lightly. However, there is very little good news in the stock as it relates to selling options for income. PFE continues to make new lows as the accelerated revenue benefit the company…
Let’s book fast profits on our Capital One Financial (COF) put. Current Stock Price: $93.76 Cash in Hand: $0.81 Action: Buy to close the COF 26 May 88 Put Recommended Limit: Set your initial limit order at $0.45, but adjust as needed to close today Profit: $0.36, or $36 per contract Rate of Return: 0.4%…
