Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Marathon Petroleum (MPC) Jun Week One (6/2) 105 Put for around $0.79. You can go as low as $0.71, but please don’t start there and always use limit orders. (Current stock price: $107.47) TRADE TWO: Sell to open Uber…
Let’s book fast profits on our Starbucks (SBUX) put rather than hold through the weekend given the uncertainty surrounding the debt ceiling debate. By closing now, we’ll earn a 0.3% return in three days, or 42% annualized. Current Stock Price: $106.58 Cash in Hand: $0.93 Action: Buy to close the SBUX May Week Four (5/26)…
We rolled our Airbnb (ABNB) put yesterday to avoid potential assignment and reduce our risk. With the stock rallying today, we have the opportunity to close the trade with a modest profit now rather than hold it for another two weeks. Let’s do it. Current Stock Price: $111.22 Cash in Hand: $1.40 Action: Buy to…
Roku (ROKU) is running up today. Let’s book profits on our put now, earning a 0.9% return in nine days, or 38% annualized. Current Stock Price: $54.20 Cash in Hand: $0.82 Action: Buy to close the ROKU May Monthly (5/19) 53 Put for around $0.32, but adjust as needed to close today Profit: $0.50, or…
I am recommending we roll our CVS Health (CVS) put out two weeks to generate more income and reduce our net debit on the position. Current Stock Price: $68.89 Net Debit: $11.05 Action: Buy to close the CVS May Monthly (5/19) 68 Put for around $0.15 Sell to open the CVS June Week One (6/2)…
Let’s book fast profits on our Uber (UBER) put, earning a 0.6% return in three days, or 72% annualized. Current Stock Price: $38.55 Cash in Hand: $0.45 Action: Buy to close the UBER May Week Four (5/26) 37 Put for around $0.23, but adjust as needed to close today Profit: $0.22, or $22 per contract
Let’s book profits on our 3M (MMM) bull put spread, earning a 5.3% return in seven days, or 278% annualized. While the top leg is 5% out of the money, I do not want to risk an end-of-the-week reversal turning our profit into a position that needs to be managed. Current Stock Price: $100.07 Cash…
I am recommending we roll our Apple (AAPL), Walt Disney (DIS) and Expedia (EXPE) puts out two weeks to generate more income and reduce our net debit on the positions. With AAPL and DIS, we are also moving to lower strikes to reduce our risk. AAPL May Monthly (5/19) 172.50 Put Current Stock Price: $171…
Airbnb (ABNB) sold off after we entered the position, despite the company recently reporting a 20% year-over-year increase in quarterly revenue and record bookings. Shares hit a low of $103.55 earlier this week, and while they have bounced back some, our put remains in the money. We can roll out two weeks and to a…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Uber (UBER) May Week Four (5/26) 37 Put for around $0.45. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $37.87) TRADE TWO: Sell to open Starbucks (SBUX)…
