I am taking a more selective approach to index hedging in an effort to reduce the cost and increase the effectiveness. Rather than remaining hedged at all times, I plan to put on hedges in anticipation of events that may disrupt the market. I am recommending new hedges today — a S&P 500 (SPX) put…
We have a net debit on Chewy (CHWY), so I am recommending a new put to sell now that the stock appears to be stabilizing following the company’s earnings report. I am also recommending a call to sell against our uncovered SPDR S&P Regional Banking ETF (KRE) shares to reduce our cost basis. Note that…
Our Apple (AAPL) and Twitter (TWTR) puts expired worthless on Friday, so I am recommending new puts to sell today. I am also recommending a new put to sell on Chewy (CHWY) now that the stock appears to be stabilizing following the company’s earnings report. Note that no action is needed on our General Motors…
I am recommending we roll our General Motors (GM) put out one week and to a lower strike rather than accept shares. We can pick up a good deal of cash for this roll. If you are not currently in a GM position, you can enter one now by selling the monthly put. Current Stock…
Our Apple (AAPL) and Marvell Technology Group (MRVL) calls are in the money and our shares are on track to be called away. With Apple, we will be exiting with a small profit, but a profit, nonetheless. This is a win for us, as we were deep underwater on the position at one point. While…
Let’s book profits on our Etsy (ETSY) and Western Digital (WDC) puts. And I am recommending we accept shares of SPDR S&P Regional Banking ETF (KRE). We will sell a call to reduce our cost basis soon. ETSY Jun Week Two (6/11) 165 Put Current Stock Price: $166.55 Cash in Hand: $1.21 Action: Buy to…
I am recommending we roll our expiring positions in Apple (AAPL) and QuantumScape (QS). And let’s book profits on our Advanced Micro Devices (AMD) put and General Motors (GM) call spread. AAPL Jan Monthly (1/21/22) 100/ Jun Week Two (6/11) 127 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100…
I am recommending we roll our Bank of America (BAC) put to buy ourselves more time and bring in additional income. Let’s also roll our iShares Global Clean Energy ETF (ICLN) and Micron Technology (MU) calls to reduce our cost basis on the positions as we continue to work our way toward breakeven. BAC Jun…
Let’s book fast profits on our YETI Holdings (YETI) put. Current Stock Price: $94.77 Cash in Hand: $0.80 Action: Buy to close the YETI Jun Week Two (6/11) 90.50 Put Current Option Price: $0.05-$0.15 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit: $0.70, or $70 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Etsy (ETSY) Jun Week Two (6/11) 165 Put for around $1.21. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $168.57) TRADE TWO: Sell to open the…
