We temporarily exited our General Motors (GM) and Pfizer (PFE) positions ahead of the companies’ earnings announcements to avoid any unnecessary risk. GM shot up after reporting better-than-expected Q4 revenue and earnings and record profits for the full year. Moreover, management issued upbeat guidance for 2023 and announced it is buying a $650 million stake…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open First Solar (FSLR) Feb Week Two (2/10) 160 Put for around $0.95. You can go as low as $0.87, but please don’t start there and always use limit orders. (Current stock price: $174.75) TRADE TWO: Sell to open United…
Target (TGT) has run up sharply over the past six weeks and our short call is deep in the money. I am recommending we roll it out to the April monthly expiration and to a much higher strike price. While we will need to spend some cash to do so, we are picking up an…
Apple (AAPL) is scheduled to report earnings after the close today. The stock is running up into the announcement and our call is deep in the money. However, it’s possible shares could sell off sharply if earnings disappoint. Therefore, I am recommending we buy a protective put to hedge our position. If AAPL declines sharply…
Let’s book profits on our Visa (V) bull put spread rather than risk holding it another week, earning a 3.6% return in seven days, or 188% annualized. Current Stock Price: $231.42 Cash in Hand: $0.38 Action: Buy to close the V Feb Week Two (2/10) 220 Put for around $0.37 Sell to close the V…
Let’s book profits on our Microsoft (MSFT) bull put spread, earning a 2.8% return in two days, or 511% annualized. Current Stock Price: $253.22 Cash in Hand: $0.38 Action: Buy to close the MSFT Feb Week Two (2/10) 227.50 Put for around $0.15 Sell to close the MSFT Feb Week Two (2/10) 217.50 Put for…
Let’s book fast profits on our Delta Air Lines (DAL) put, earning a 0.8% return in two days, or 144% annualized. Current Stock Price: $39.86 Cash in Hand: $0.51 Action: Buy to close the DAL Feb Week Two (2/10) 38 Put for around $0.21, but adjust as needed to close today Profit: $0.30, or $30…
The premium on our Roku (ROKU) put has fallen by more than half in just over a day. Let’s book profits now rather than risk holding the position another week and a half. Current Stock Price: $59.25 Cash in Hand: $0.67 Action: Buy to close the ROKU Feb Week Two (2/10) 50 Put Current Option…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Delta Air Lines (DAL) Feb Week Two (2/10) 38 Put for around $0.51. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $38.86) TRADE TWO*: Sell to open…
Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading…
