The premium on our Chewy (CHWY) put has dropped to our target exit price. Let’s book profits now. Current Stock Price: $34.24 Cash in Hand: $0.37 Action: Buy to close the CHWY 11 Aug 31 Put Recommended Limit: Set your initial limit order at $0.15, but adjust as needed to close today Profit: $0.22, or…
Pfizer (PFE) has run up more than 10% since we last rolled our call, moving too fast and too far to make rolling our PFE Oct Week Four (10/28) 43.50 Call up to capture more appreciation feasible. Additionally, the company is expected to report earnings on Nov. 1. Therefore, we are going to allow our…
I am recommending we once more roll the protective put of our Apple (AAPL) LEAP call spread down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on the AAPL Jun 2023 (6/16/23) 100/Jun Monthly (6/17) 150…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Micron Technology (MU) and The Trade Desk (TTD) puts. FSLR Jun Week Two (6/10) 70 Put Current Stock Price: $71.61 Net Debit: $13.68 Action: Buy to close the FSLR Jun Week Two (6/10) 70 Put for around $0.53 Sell to open the FSLR…
I am recommending we roll our expiring calls in Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN). AAPL Jan Monthly (1/21/22) 100/May Monthly (5/21) 130 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $127.23 Cost Basis: $33.88 Action:…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, March 8, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Here’s…
