There was no Options Income Blueprint Live Trading Session this week, as I did not want to take on any undue risk by putting on new positions ahead of the Federal Reserve meeting. This was decidedly the right move. Although the Fed raised rates 0.75 basis points as expected, stocks have sold off sharply. Clearly,…
Given the market’s continued sell-off today, I am recommending we roll our protective puts on Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…
Given the market’s continued sell-off today, I am recommending we again roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Sep Week Five (9/30) 53 Put for around $0.58. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $59.76) TRADE TWO: Sell to open…
I am recommending we roll our protective puts on Advanced Micro Devices (AMD) to a lower strike price while keeping the expiration date the same. This allows us to keep our hedge in place while taking some profits off the table. The profit we book will reduce our cost basis on the position. Note: No…
I am recommending we roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) to lower strike prices while keeping the expiration date the same. This allows us to keep our hedges in place while taking some profits off the table. The profits we book will reduce our cost basis on the…
Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our leveraged recovery positions in Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) by purchasing puts. Note that these are purely…
Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) positions by purchasing puts. Note that these are purely defensive positions. The goal…
We are on track to be assigned shares of Applied Materials (AMAT). The market sell-off this week and over the past month has been particularly unkind to the semiconductor sector. Fears of still-hot inflation and further aggressive rate hikes by the Federal Reserve have hit stocks like AMAT hard. As you know, I am bullish…
