Pfizer (PFE) is holding up amid this week’s broader market sell-off but has still been unable to punch through $35. I am recommending a call to sell against our uncovered shares to lower our cost basis. Current Stock Price: $34.20 Cost Basis: $37.57 Action: Sell to open the PFE Mar Monthly (3/19) 35 Call for…
We have positions in Chewy (CHWY), CVS Health (CVS) and D.R. Horton (DHI) expiring today. Our CHWY and DHI puts are well in the money, so I am recommending we accept shares. We will sell calls against those shares soon. And I am recommending we roll our CVS call out one week and to a…
I am recommending we roll our S&P 500 (SPX) hedges to lower strikes to pocket cash while keeping our hedges in place. If you are not currently in a hedged position and want to initiate one today, you can do so. Just be aware that we are tracking these as ongoing positions. If you are…
The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell said in his speech today that the economic reopening could cause inflation, but he also said the price increases likely would not be enough…
The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell is expected to reassure markets of the central bank’s commitment to its bond-buying program during his appearance at a Wall Street Journal webinar today.…
The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell is expected to reassure markets of the central bank’s commitment to its bond-buying program during his appearance at a Wall Street Journal webinar today.…
I am recommending we close our Bank of America (BAC) put. Current Stock Price: $36.24 Cash in Hand: $0.40 Action: Buy to close the BAC Mar Week One (3/5) 35.50 Put Current Option Price: $0.11-$0.12 Recommended Limit: Set your initial limit order at $0.12, but adjust as needed to close today Profit: $0.28, or $28…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Chewy (CHWY) Mar Week One (3/5) 90 Put for around $1.34. You can go as low as $1.15, but please don’t start there and always use limit orders. (Current stock price: $92.70) TRADE TWO: Sell to open the…
Let’s book profits on our Corning (GLW), Starbucks (SBUX) and SPDR S&P Biotech ETF (XBI) put positions. GLW Mar Week One (3/5) 37.50 Put Current Stock Price: $38.94 Cash in Hand: $0.62 Action: Buy to close the GLW Mar Week One (3/5) 37.50 Put for around $0.09 Profit: $0.53, or $53 per contract SBUX Mar…
Our Chewy (CHWY) and Corning (GLW) puts expired worthless last week, so I am recommending new puts to sell today. Note that no action is needed on our Apple (AAPL) Mar Week One (3/5) 130 Call or Starbucks (SBUX) Mar Week One (3/5) 103 Call at this time. CHWY Current Stock Price: $101.68 Action: Sell…
