Our Microsoft (MSFT) bull put spread is well out of the money and on track to expire worthless. However, we’re going to play it safe and spend a penny to close the top leg. We were deep underwater on the positions at one point. But by using an active rolling strategy, we are managing to…
Our Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) protective puts are on track to expire worthless. We will simply watch them do so. AMD Jun Week Four (6/24) 75 Put Note: No action is needed on the AMD Jul Week One (7/1) 88 Call at this time. Current Stock…
Moderna (MRNA) has run up over the past week and our protective put is on track to expire worthless. We continue to track the ongoing net debit we have in MRNA in the Income Masters program as well. Note: No action is needed on the MRNA Jul Week One (7/1) 125 Put at this time.…
Our Nike (NKE) put is deep in the money, and I am recommending we accept shares. The math of selling calls makes more sense and should get us back to breakeven faster. The company is scheduled to report earnings on Monday after the close. We will likely put a protective in place ahead of the…
Let’s keep the cash rolling in by booking fast profits on our Blackstone (BX), NVIDIA (NVDA) and Zoom Video Communications (ZM) bull put spreads. BX Jul Monthly (7/15) 70/65 Put Spread Current Stock Price: $97.52 Cash in Hand: $0.36 Action: Buy to close the BX Jul Monthly (7/15) 70 Put for around $0.20 Sell to…
Our Best Buy (BBY), First Solar (FSLR), Micron Technology (MU), The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) protective puts are on track to expire worthless. We will simply watch them do so. BBY Jun Week Four (6/24) 64 Put Note: No action is needed on the BBY Jul Week One (7/1) 72.50…
Let’s book profits on our SPDR S&P Regional Banking ETF (KRE) and Roku (ROKU) puts. KRE Jul Week One (7/1) 55 Put Current Stock Price: $59.13 Cash in Hand: $0.42 Action: Buy to close the KRE Jul Week One (7/1) 55 Put for around $0.17, but adjust as needed to close today Profit: $0.25, or…
Teladoc Health (TDOC) continues to run up. I am once again recommending we roll our put to a higher strike while keeping the expiration date the same. This will flip our net debit to cash in hand. You can enter today’s trade even if you were not in the previous one by selling the second…
Delta Air Lines (DAL) is up 5% this morning. Let’s book profits now, freeing up capital for new trades. Current Stock Price: $31.12 Cash in Hand: $0.43 Action: Buy to close the DAL Jul Week One (7/1) 28 Put Current Option Price: $0.15-$0.18 Recommended Limit: Set your initial limit order at $0.17, but adjust as…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open SPDR S&P Regional Banking ETF (KRE) Jul Week One (7/1) 55 Put for around $0.42. You can go as low as $0.38, but please don’t start there and always use limit orders. (Current stock price: $57.36) TRADE TWO*: Sell…
