Starbucks (SBUX) is running up with the broader market. Let’s keep the profits rolling in by closing it now. Current Stock Price: $123.13 Cash in Hand: $0.70 Action: Buy to close the SBUX Jul Week Five (7/30) 122 Put for around $0.14 Profit: $0.56, or $56 per contract
Citigroup (C) is up around 2% today. Let’s book fast profits now, earning an excellent annualized rate of return. Current Stock Price: $69.44 Cash in Hand: $0.51 Action: Buy to close the C Jul Week Five (7/30) 67 Put Current Option Price: $0.06-$0.07 Recommended Limit: Set your initial limit order at $0.07, but adjust as…
Let’s book profits on our Bed Bath & Beyond (BBBY) put. Current Stock Price: $29.68 Cash in Hand: $0.34 Action: Buy to close the BBBY Jul Week Five (7/30) 27 Put for around $0.04, but adjust as needed to close today Profit: $0.30, or $30 per contract
I am recommending we close the protective put we purchased on Apple (AAPL) and roll the short leg of the LEAP call spread to a lower strike. I am also recommending a call to sell against our uncovered SPDR S&P Regional Banking ETF (KRE) shares. AAPL Sept 2022 Call (9/16/22) 120/Aug Week One (8/6) 152.50…
I am recommending we book fast profits on our Advanced Micro Devices (AMD) and Crocs (CROX) puts. There’s simply too much cash on the table to pass up, and what’s left in premium does not justify the capital that it would tie up. AMD Aug Week One (8/6) 95 Put Current Stock Price: $102.52 Cash…
I am recommending we roll our Marvell Technology Group (MRVL) put out one week and to a higher strike. This will allow us to turn our net debit into cash in hand. And let’s close Twitter (TWTR) early. We have a terrific profit after just three days in the position. MRVL Jul Week Five (7/30)…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week One (8/6) 95 Put for around $1.63. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $96.66) TRADE TWO: Sell to…
We were assigned shares of General Motors (GM) last week. The company is scheduled to report earnings next week, and I have decided we should hold a position through the announcement. Therefore, I am recommending a call to sell against our uncovered shares to generate income and reduce our cost basis. Note that this trade…
As I mentioned in this week’s Live Trading Session, I was hoping to put on a post-earnings trade in Pfizer (PFE). The stock is up more than 2% today following the release of the company’s report, with revenue and earnings exceeding analyst expectations. Management said its COVID-19 vaccine helped to almost double overall sales in…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Chewy (CHWY) put expired worthless last week, so I am recommending another one today. Â Apple (AAPL) is scheduled to report earnings today after the close. I will recommend a put to sell once we see how traders react. I am waiting for a bounce in General Motors (GM) before selling a call on our…
Pfizer (PFE) is continuing its move higher today. With the company set to report earnings on Wednesday, I am recommending we book profits on the position. We may trade PFE again following the announcement. Current Stock Price: $41.82 Cash in Hand: $0.97 Action: Buy to close the PFE Jul Week Five (7/30) 39.50 Put Current…
Let’s book profits on our Best Buy (BBY) put. Current Stock Price: $115.38 Cash in Hand: $1.78 Action: Buy to close the BBY Jul Week Five (7/30) 111 Put for around $0.30, but adjust as needed to close today Profit: $1.48, or $148 per contract
Let’s book fast profits on our Chewy (CHWY) put. Current Stock Price: $86.30 Cash in Hand: $1.42 Action: Buy to close the CHWY Jul Week Five (7/30) 80 Put for around $0.38, but adjust as needed to close today Profit: $1.04, or $104 per contract
Twitter (TWTR) is running up following the release of better-than-expected second-quarter earnings. Revenue grew at the fastest pace since 2014 at 74% year over year. It’s true that last year’s second quarter was depressed because of the pandemic, but this year’s results still easily beat Wall Street’s estimates. We sat this week out to avoid…
Our SPDR S&P Regional Banking ETF (KRE) trade has not worked out well, to say the least. After we accepted shares in mid-June, the fund continued to sell off. Our KRE Jul Week Four (7/23) 64.50 Call is on track to expire worthless, and we will simply watch it do so. I plan to initiate…
We have bull put spreads in Moderna (MRNA), Roku (ROKU) and Square(SQ) expiring today. All three are on track to expire worthless, allowing us to collect the maximum profit. MRNA Jul Week Four (7/23) 290/280 Put Spread Current Stock Price: $332.12 Cash in Hand: $0.30 Action: Watch spread expire worthless Profit: $0.30, or $30 per…
Our First Solar (FSLR) and General Motors (GM) puts are deep in the money. The premiums for rolling are not attractive. Therefore, I am recommending we accept shares and will sell calls against them. FSLR is expected to report earnings on July 29. We may exit the position prior to that and re-enter following the…
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I am recommending we roll the short leg of our Apple (AAPL) LEAP call spread. However, with the company set to announce earnings next week, I am also recommending we buy a protective put. This will create a collar, and the income from the roll will help cover the cost of the put. If you…
We have a net debit on Lululemon Athletica (LULU) from ongoing spread positions. I am recommending we initiate a new spread today to generate income and reduce that net debit. You can enter today’s spread even if you were not in the previous trade. Just be aware that we will be tracking it as an…
I am recommending we roll our Best Buy (BBY), Charles Schwab (SCHW) and Taiwan Semiconductor Manufacturing (TSM) puts out one week to avoid assignment and generate more cash. BBY Jul Week Four (7/23) 111 Put Current Stock Price: $109.33 Cash in Hand: $1 Action: Buy to close the BBY Jul Week Four (7/23) 111 Put…
I am recommending we roll our Bank of America (BAC) and Micron Technology (MU) calls down and out two weeks. This will allow us to generate income and reduce our cost basis on the positions. BAC Jul Week Four (7/23) 39.50 Call Current Stock Price: $37.95 Cost Basis: $41.90 Action: Buy to close the BAC…
Advanced Micro Devices (AMD) is scheduled to report earnings next week. I am recommending we book profits now to avoid having to potentially roll out past the announcement. Prices are jumping around, so please exit quickly. Current Stock Price: $89.74 Cash in Hand: $1.43 Action: Buy to close the AMD Jul Week Four (7/23) 89…
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending we book profits on Corning (GLW). Current Stock Price: $40.72 Cash in Hand: $0.41 Action: Buy to close the GLW Jul Week Four (7/23) 40 Put for around $0.09, but adjust as needed to close today Profit:…
I am recommending we roll our Pfizer (PFE) put out one week and down one strike to generate more income. As I said in this week’s OIB Market Update, I intend to trade PFE for weeks or even months. Today’s roll puts our expiration after the company’s expected earnings date of July 28. If you…
I am recommending we close our Sonos (SONO) put. Current Stock Price: $32.91 Cash in Hand: $0.37 Action: Buy to close the SONO Jul Week Four (7/23) 31.50 Put for around $0.17, but adjust as needed to close today Profit: $0.20, or $20 per contract
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Positions I am recommending we close our Chewy (CHWY) and Bed Bath & Beyond (BBBY) puts. CHWY Jul Week Four (7/23) 80 Put Current Stock Price: $82.80 Cash in Hand: $1.80 Action: Buy to close the CHWY Jul Week Four (7/23)…
Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trade by accepting less premium than the “go as low as” price recommended below. Work…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Sonos (SONO) Jul Week Four (7/23) 31.50 Put for around $0.37. You can go as low as $0.31, but please don’t start there and always use limit orders. (Current stock price: $32.28) TRADE TWO*: Sell to open the…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Bed Bath & Beyond (BBBY) Jul Week Four (7/23) 26 Put for around $0.35. You can go as low as $0.29, but please don’t start there and always use limit orders. (Current stock price: $27.51) TRADE TWO: Sell…
Chewy (CHWY) and General Motors (GM) were hit hard this week, pushing our puts into the money. I believe the sell-off in these stocks will be short-lived and a rebound will ensue. Therefore, I am recommending we roll our puts to avoid assignment and buy ourselves some time. Our Twitter (TWTR) put is also in…
I am recommending we roll our First Solar (FSLR) and General Motors (GM) puts to avoid assignment and buy ourselves some time for the stocks to move higher. Clean energy stocks were hit hard this week, but I believe the sell-off will be short-lived and a rebound will ensue. Both FSLR and GM have…
I am recommending we roll our Advanced Micro Devices (AMD), Chewy (CHWY), Charles Schwab (SCHW) and Taiwan Semiconductor Manufacturing (TSM) puts to buy ourselves some time for the stocks to move higher. We will be generating more income in the process. AMD Jul Monthly (7/16) 89 Put Current Stock Price: $86.68 Cash in Hand: $0.69…
We have Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads expiring today. Our LULU spread is on track to expire worthless. We will sell a new spread soon to continue to work down our net debit on the position. PTON, on the other hand, needs to be rolled to avoid assignment. LULU Jul Week…
I believe the sell-off in Walgreens Boots Alliance (WBA) will be short-lived. Therefore, I am recommending we roll our put out one week and up one strike to take advantage of elevated option premiums. Current Stock Price: $46.40 Cash in Hand: $0.87 Action: Buy to close the WBA Jul Monthly (7/16) 47.50 Put for around…
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending we close our Citigroup (C) put.Current Stock Price: $68.85Cash in Hand: $0.55Action: Buy to close the C Jul Monthly (7/16) 67.50 Put for around $0.12, but adjust as needed to close todayProfit: $0.43, or $43 per contract…
Semiconductor stocks sold off this week despite strong demand for chips used to power smartphones, laptops and cars. I believe this will be a short-term decline. I am recommending we roll our Marvell Technology Group (MRVL) put and Micron Technology (MU) call as we continue to work our way toward breakeven on these positions. MRVL…
Bank of America (BAC) sold off despite reporting $21.6 billion in revenue and earnings per share of $1.03 for the second quarter, along with the release of $2.2 billion in loan loss reserves. However, management said net interest income fell 6% compared to the same quarter last year due to the low interest-rate environment. I…
I am recommending we roll our KB Home (KBH), SPDR S&P Regional Banking ETF (KRE) and Williams-Sonoma (WSM) call positions. KBH Jul Monthly (7/16) 46 Call Current Stock Price: $38.92 Cost Basis: $46.28 Action: Buy to close the KBH Jul Monthly (7/16) 46 Call for around $0.05 Sell to open the KBH Aug Monthly (8/20)…
I am recommending we close our QuantumScape (QS) and Target (TGT) positions. As I said last week, QS has sold off sharply since we initiated the position in early April, and I do not expect a recovery in this speculative stock in the foreseeable future. Therefore, I am recommending we sell our shares at a…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Citigroup (C) Jul Monthly (7/16) 67.50 Put for around $0.55. You can go as low as $0.49, but please don’t start there and always use limit orders. (Current stock price: $67.76) TRADE TWO: Sell to open the Advanced…
Let’s book profits on Sunrun (RUN). Current Stock Price: $54.81 Cash in Hand: $2.35 Action: Buy to close the RUN Jul Monthly (7/16) 55 Put Current Option Price: $1.55-$1.60 Recommended Limit: Set your initial limit order at $1.60, but adjust as needed to close today Profit: $0.75, or $75 per contract Rate of Return: 1.4%…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Let’s book profits on Crocs (CROX) and Sonos (SONO). CROX Jul Monthly (7/16) 110 Put Current Stock Price: $115.99 Cash in Hand: $1.90 Action: Buy to close the  CROX Jul Monthly (7/16) 110 Put for around $0.35 Profit: $1.55, or $155 per contract SONO Jul Monthly (7/16) 35 Put Current Stock Price: $35.17 Cash in…
Apple (AAPL) has run away from us, and we find ourselves with a deep-in-the-money call. I want to continue with the position. Therefore, I am recommending we close the existing spread with a small net debit and put on a new spread. Current Stock Price: $146.26 Cost Basis: $31.97 Action: Buy to close the…
Our Chewy (CHWY) put and Roku (ROKU) bull put spread are on track to expire worthless. I consider the CHWY trade to be a great success. By exercising patience with our recovery trade, we were able to turn a big paper loss into a small profit. With ROKU, we will earn a 5% return on…
General Motors (GM) sold off early this week, stabilized and then got hit again when the broader market fell sharply on Thursday. It is bouncing back today due to a bullish analyst recommendation that said the company should be valued as an electric vehicle stock rather than a traditional automaker. I am recommending we roll…
General Motors (GM) sold off early this week, stabilized and then got hit again when the broader market fell sharply on Thursday. It is bouncing back today due to a bullish analyst recommendation that said the company should be valued as an electric vehicle stock rather than a traditional automaker. I am recommending we roll…
I am recommending we close our First Solar (FSLR) and Western Digital (WDC) puts at a profit. Our QuantumScape (QS) call is on track to expire worthless. The stock has sold off sharply since we initiated the position in early April. As I said then, QuantumScape is a speculative company, as well as a speculative…
D.R. Horton (DHI) is running up today. Let’s book fast profits. Current Stock Price: $93.41 Cash in Hand: $1.73 Action: Buy to close the DHI Jul Monthly (7/16) 90 Put Current Option Price: $0.52-$0.56 Recommended Limit: Set your initial limit order at $0.54, but adjust as needed to close today Profit: $1.19, or $119 per…
Below are the trades from today’s Income Masters Live Trading Session. Note: We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. The spreads I recommended today will reduce those net debits. However, you can enter today’s spreads even if you were not in the previous trades. Just be…
Our Apple (AAPL), Chewy (CHWY) and Twitter (TWTR) puts expired worthless last week. The holiday-shortened week got off to a rough start following last week’s record highs. With trading volume likely to remain light this week, I am recommending we sell monthly puts on these three names today. Note that no action is needed on…
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Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session, where I also discussed Calculating Rates of Return, on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by…
General Motors (GM) has struggled to stay above the $60 price point, despite being ahead of Ford (F) in procuring chips (at least for now) and in its electric vehicle plans. Therefore, we will spend a little cash and roll our put down to a lower strike price. Current Stock Price: $59.30 Action: Buy to…
With the stock market closed on Monday for Independence Day, tomorrow promises to be a light trading day. I am recommending we take profits now on our D.R. Horton (DHI) and Western Digital (WDC) puts. Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless tomorrow. We will sell…
I am recommending we sell a call against our uncovered SPDR S&P Regional Banking ETF (KRE) shares. I also want to roll our Chewy (CHWY) put and QuantumScape (QS) call. Finally, our Invesco Solar ETF (TAN) call is deep in the money. I believe the ETF is overbought, but I am recommending we take a…
We have positions in Bank of America (BAC), General Motors (GM), Marvell Technology Group (MRVL), Micron Technology (MU) and Twitter (TWTR) expiring this week. I am disappointed BAC did not move higher this week after the bank said it will increase its quarterly dividend. I am recommending we accept shares tomorrow and will sell a call…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Western Digital (WDC) Jul Week One (7/2) 70 Put for around $0.77. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $70.83) TRADE TWO: Sell to open…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work your…
Our SPDR S&P Regional Banking ETF (KRE) Jun Week Four (6/25) 70 Call is on track to expire worthless. We will sell another call against our shares once we see how far financial stocks run up on the positive results from the Federal Reserve’s latest stress test. Current Stock Price: $67.39 Cost Basis: $69.70 Action:…
We have positions in Bank of America (BAC) and iShares Global Clean Energy ETF (ICLN) expiring today. I am recommending we roll our BAC put out one week and to a higher strike. I believe we will see bank stocks continue to move up following the positive results from the Federal Reserve’s latest stress test.…
We are sitting on a terrific profit with our Target (TGT) LEAP call spread. Let’s close it now. Current Stock Price: $241.05 Cost Basis: $39.28 Action: Buy to close the TGT Jul Week One (7/2) 242.50 Call for around $1.55 Sell to close the TGT Mar 2022 (3/18/22) 200 Call for around $46.15 Profit: $5.32,…
I am recommending we book profits on Sunrun (RUN) and YETI Holdings (YETI). RUN Jul Monthly (7/16) 45 Put Current Stock Price: $55.22 Cash in Hand: $1.30 Action: Buy to close the RUN Jul Monthly (7/16) 45 Put Current Option Price: $0.55-$0.65 Recommended Limit: Set your initial limit order at $0.60, but adjust as needed…
I am recommending we roll our Chewy (CHWY) put and QuantumScape (QS) call. CHWY Jun Week Four (6/25) 76 Put Current Stock Price: $80.13 Net Debit: $2.05 Action: Buy to close the CHWY Jun Week Four (6/25) 76 Put for around $0.12 Sell to open the CHWY Jul Week One (7/2) 80 Put for around…
I am recommending we roll our Marvell Technology Group (MRVL) put out one week and to a higher strike to generate more income. Let’s also roll our Micron Technology (MU) call. With the company expected to announce earnings next week, we are going with a strike that is well out of the money and…
Our S&P 500 (SPX) hedges are on track to expire worthless. Remember that this was the goal for these purely defensive positions. However, we did manage to reduce the cost of our standalone put hedge when the market sold off last week following the Federal Reserve announcement. I will recommend new hedges the next time…
Corning (GLW) is having trouble breaking above $41. Let’s book a modest profit now rather than rolling. We may trade this stock again soon. Current Stock Price: $40.93 Cash in Hand: $0.54 Action: Buy to close the GLW Jun Week Four (6/25) 41 Put Current Option Price: $0.25-$0.37 Recommended Limit: Set your initial limit order…
Our Apple (AAPL) and Chewy (CHWY) puts expired worthless on Friday. I held off on putting on new positions on Monday and Tuesday to see if this rebound had legs. It appears it does, and I am recommending new puts to sell today that expire next week. I am also recommending we roll our General…
Let’s book fast profits on our Twitter (TWTR) put. Current Stock Price: $64.76 Cash in Hand: $0.26 Action: Buy to close the TWTR Jun Week Four (6/25) 61 Put Current Option Price: $0.08-$0.09 Recommended Limit: Set your initial limit order at $0.09, but adjust as needed to close today Profit: $0.17, or $17 per contract…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending calls to sell against our uncovered KB Home (KBH) and Williams-Sonoma (WSM) shares, as well as our Target (TGT) LEAP. KBH Uncovered Shares Current Stock Price: $42.68 Cost Basis: $47.03 Action: Sell to open the KBH Jul Monthly (7/16) 46 Call for around $0.75 New Cost Basis: $46.28 TGT Mar 2022 (3/18/22)…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Jun Monthly (6/18) 128 Put Apple (AAPL) remains stuck, but if it stays above $130 for another few days, we can assume it has entered a new trading range with a higher floor. Our put is on track to…
We have calls in KB Home (KBH) and Target (TGT) expiring today, as well as a Williams-Sonoma (WSM) put. Our KBH and TGT calls are on track to expire worthless. We will sell new calls soon. Our WSM put is deep in the money. I am recommending we accept shares and will sell a call…
Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless. We will sell new spreads soon to continue to work down our net debits on the positions. LULU Jun Monthly (6/18) 315/305 Put Spread Current Stock Price: $345.64 Net Debit: $3.08 Action: Watch spread expire worthless PTON Jun Monthly…
I am recommending we roll our put positions in General Motors (GM) and Twitter (TWTR) out one week to avoid assignment. We are buying time in anticipation of a rebound, and picking up some cash in the process. GM Jun Monthly (6/18) 61.50 Put Current Stock Price: $60.31 Action: Buy to close the GM Jun…
The market sell-off following the Federal Reserve announcement has pushed our Bank of America (BAC), Corning (GLW) and YETI Holdings (YETI) puts into the money. I am recommending we roll them out one week in anticipation of a rebound. BAC Jun Monthly (6/18) 43 Put Current Stock Price: $40.14 Cash in Hand: $0.55 Action: Buy…
I am recommending we roll our Marvell Technology Group (MRVL) put and Micron Technology (MU) call. MRVL Jun Monthly (6/18) 53 Put Current Stock Price: $55.15 Net Debit: $4.45 Action: Buy to close the MRVL Jun Monthly (6/18) 53 Put for around $0.10 Sell to open the MRVL Jun Week Four (6/25) 54 Put for…
Sonos (SONO) is struggling to climb above $35 — the strike price of our put. Given there are only monthlies in the option chains, I want to close now with a small profit rather than roll the position. Current Stock Price: $34.39 Cash in Hand: $0.82 Action: Buy to close the SONO Jun Monthly (6/18)…
I am recommending we roll our expiring positions in Apple (AAPL), Chewy (CHWY), QuantumScape (QS) and Invesco Solar ETF (TAN). AAPL Jan Monthly (1/21/22) 100/Jun Monthly (6/18) 127 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $131.78 Cost Basis: $31.22 Action: Buy…
Stocks are dropping sharply following the Federal Reserve’s June monetary policy decision. While it held rates near zero, Fed officials projected two possible rate hikes by the end of 2023. Our S&P 500 (SPX) put is profitable, so I am recommending we roll it to a lower strike. This will reduce the cost of our…
Our Square (SQ) spread has worked out exactly as we’d hope. Let’s book profits now. Current Stock Price: $226.42 Cost Basis: $77.15 Action: Buy to close the SQ Jun Monthly (6/18) 230 Call for around $2.10 Sell to close the SQ Jun 2022 (6/17/22) 150 Call for around $85.50 Set initial credit limit at $83.40…
Crocs (CROX) is exactly where we want it to be. Let’s book profits now. Current Stock Price: $110.04 Cost Basis: $104.49 Action: Buy to close the CROX Jun Monthly (6/18) 110 Call for around $1.73 Sell shares at market Profit: $3.82, or $382 per 100 shares
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Marvell Technology Group (MRVL) shares were called away on Friday, resulting in a net debit. As I said last week, Marvell Technology is a fabulous company. So, we will continue to manage this position by selling puts to reduce our net debit and work our way toward breakeven. You can enter today’s trade even…
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…
We’re not day traders, but the profits in Brinker International (EAT) are simply too good to pass up. Let’s close it now. Current Stock Price: $64.13 Cash in Hand: $1.10 Action: Buy to close the EAT Jun Monthly (6/18) 60 Put Current Option Price: $0.50-$0.60 Recommended Limit: Set your initial limit order at $0.55, but…
Brinker International (EAT) is trading almost $10 above our put’s strike price. Let’s book excellent profits now and free up capital for future trades. Current Stock Price: $64.02 Cash in Hand: $1 Action: Buy to close the EAT Jun Monthly (6/18) 55 Put for around $0.20 Profit: $0.80, or $80 per contract
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Apple (AAPL), Chewy (CHWY) and Twitter (TWTR) shares were called away on Friday, and our General Motors (GM) put expired worthless. I am recommending new puts to sell on AAPL, GM and TWTR. CHWY is expected to report earnings on Thursday, so I am holding off on putting on a new position until after…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Jun Week Two (6/11) 125 Call Apple (AAPL) appears to have a new ceiling in play at the $125 level, and it may take a rally in the broader tech sector for the stock to break through it. AAPL…
Our Chewy (CHWY) shares are on track to be called away, which will result in a net debit on the position. I will recommend a put to sell after the company announces earnings next week. I am recommending we roll our SPDR S&P Regional Banking ETF (KRE) put out one week. And let’s book profits…
I am recommending we spend a few cents to close the top leg of our Microsoft (MSFT) spread to avoid the risk of shares reversing. The bottom leg is on track to expire worthless. Our Peloton Interactive (PTON) spread is set to expire worthless. We will sell a new spread soon to continue to work…
As I’ve been saying, I’m looking to exit our Apple (AAPL) position. However, I have no intention of doing so at a loss of more than a few pennies. Therefore, rather than sell our shares outright, I am recommending we sell another call to reduce our cost basis on the position. If our shares are…
Walgreens Boots Alliance (WBA) is giving us the opportunity to take profits. Let’s not pass it up. Current Stock Price: $54.88 Cash in Hand: $1.07 Action: Buy to close the WBA Jun Week One (6/4) 55.50 Put Current Option Price: $0.61-$0.79 Recommended Limit: Set your initial limit order at $0.70, but adjust as needed to…
Our most recent S&P 500 (SPX) hedges are on track to expire worthless. I will recommend new defensive positions soon. Current Index Price: 4,219.97 SPX Jun Week One (6/4) 3850 Put Net Debit: $32.80 Action: Watch put expire worthless SPX Jun Week One (6/4) 3850/3800 Put Spread Cash in Hand: $0.45 Action: Watch spread expire…
I am recommending we book profits on First Solar (FSLR) and Charles Schwab (SCHW) rather than holding through expiration and risk having to roll. There’s simply too much cash on the table to pass up the opportunity. FSLR Jun Week One (6/4) 74 Put Current Stock Price: $76.77 Cash in Hand: $0.54 Action: Buy to…
I am recommending we roll our expiring calls in QuantumScape (QS) and Invesco Solar ETF (TAN). QS May Week Four (5/28) 30 Call Current Stock Price: $29.41 Cost Basis: $38.19 Action: Buy to close the QS Jun Week One (6/4) 28 Call for around $1.60 Sell to open the QS Jun Week Two (6/11) 29…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Jun Week One (6/4) 71 Put for around $0.39. You can go as low as $0.33, but please don’t start there and always use limit orders. (Current stock price: $71.15) TRADE TWO:…
I am recommending we roll the short leg of our Apple (AAPL) LEAP call spread out one week and to a lower strike to generate more income. Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $123.61 Cost Basis: $32.61 Action: Buy to close the…
Etsy (ETSY) popped on news it is acquiring a U.K. fashion reseller for $1.6 billion. Let’s book profits now. Current Stock Price: $175.53 Cash in Hand: $1.59 Action: Buy to close the ETSY Jun Week One (6/4) 160 Put for around $0.28 Profit: $1.31, or $131 per contract
Our Apple (AAPL) call expired worthless on Friday and our General Motors (GM) shares were called away. I am recommending a new call to sell on our uncovered AAPL shares and a put position on GM. If you are not currently in these positions, you can enter them today. Just be aware that with the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Williams-Sonoma (WSM) Jun Monthly (6/18) 165 Put for around $2.77. You can go as low as $2.50, but please don’t start there and always use limit orders. (Current stock price: $171.37) TRADE TWO: Sell to open the Brinker…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
With the market running up today, we have the opportunity to book excellent profits on our SPDR S&P Regional Banking ETF (KRE) position. Current Stock Price: $71.53 Cash in Hand: $0.98 Action: Buy to close the KRE Jun Week One (6/4) 69 Put for around $0.13 Profit: $0.85, or $85 per contract
With the market running up today, we have the opportunity to book excellent profits on our Bank of America (BAC) and YETI Holdings (YETI) positions. BAC Jun Week One (6/4) 42.50 Put Current Stock Price: $43.02 Cash in Hand: $0.76 Action: Buy to close the BAC Jun Week One (6/4) 42.50 Put Current Option Price:…
Chewy (CHWY) finally broke above $70 and appears to be establishing a new, higher trading range. Rather than allow our shares to be called away, I am recommending we roll our call out one week and to a higher strike to pick up cash and more potential appreciation. Note that the company is expected to…
We have three positions expiring today. Our Apple (AAPL) call is on track to expire worthless and we will simply watch it do so. My plan is to exit shares early next week and move on from this position. I think we can find better opportunities for our capital. I am recommending we roll our…
Our Lululemon Athletica (LULU) May Week Four (5/28) 310/300 Put Spread is on track to expire worthless. We will sell a new spread soon to continue to work down our net debit on the position. Current Stock Price: $328.90 Net Debit: $3.55 Action: Watch spread expire worthless
I am recommending we roll our expiring calls in Apple (AAPL), General Motors (GM) and QuantumScape (QS). I am also recommending a call to sell against our uncovered Chewy (CHWY) shares. If you are not currently in the position, you can enter it now. Just be sure to buy 100 shares of the underlying stock…
Our iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) calls are all in the money. I am recommending we roll these positions out two weeks and to higher strikes. We will be spending a bit of cash to do so, but that will be more than offset by the…
Let’s book profits on our Corning (GLW) position. Current Stock Price: $43.91 Cash in Hand: $0.98 Action: Buy to close the GLW May Week Four (5/28) 44 Put Current Option Price: $0.28-$0.37 Recommended Limit: Set your initial limit order at $0.33, but adjust as needed to close the position today Profit: $0.65, or $65 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Jun Week One (6/4) 69 Put for around $0.98. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $62.27) TRADE TWO:…
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Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session, where I also covered Why We Roll and Thoughts on Capital Allocation, here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting…
Our KB Home (KBH) call expired worthless last week. I am recommending a new call to sell against our uncovered shares to reduce our cost basis on the position. If you do not currently own shares of KBH and want to enter this position, you must first buy 100 shares for every call you plan…
Our Apple (AAPL), Chewy (CHWY) and General Motors (GM) calls expired worthless on Friday, so I am recommending new call positions today. If you are not currently in these positions, you can enter them now. Just be aware that you must first buy 100 shares of the underlying stock for every call you plan to…
Twitter (TWTR) has begun to move back up. The stock is undervalued but may not stay that way for long. I believe investors will come in as they see evidence of the company’s new business model and product initiatives taking hold. I am recommending we roll our call out two weeks and to a higher…
Our most recent S&P 500 (SPX) hedges — the SPX May Monthly (5/21) 3650 Put and the SPX May Monthly (5/21) 3650/3600 Put Spread — are on track to expire worthless, so I am recommending new defensive positions today. The new hedges are two weeks out as opposed to June monthly positions. Given current market…
Our Chewy (CHWY) put is deep in the money. I am recommending we accept shares. We will sell a call against them soon. Our Etsy (ETSY) put is on track to expire worthless, allowing us to book the maximum profit. Our KB Home (KBH) call is also on track to expire worthless. We will sell…
Let’s roll our Corning (GLW) put out one week to buy ourselves some more time and bring in more income. Current Stock Price: $43.72 Cash in Hand: $0.50 Action: Buy to close the GLW May Monthly (5/21) 44 Put for around $0.36 Sell to open the GLW May Week Four (5/28) 44 Put for around…
Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless. We will sell new spreads soon to continue to work down our net debits on the positions. LULU May Monthly (5/21) 300/290 Put Spread Current Stock Price: $318.13 Net Debit: $4.40 Action: Watch spread expire worthless PTON May Monthly…
I am recommending a call to sell for those of you who own uncovered shares of iShares Global Clean Energy ETF (ICLN) from a previous recommendation. The income we generate will reduce our cost basis on the position. Let’s also roll our Walgreens Boots Alliance (WBA) put to avoid assignment and generate more income. ICLN…
I am recommending we roll our expiring calls in Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN). AAPL Jan Monthly (1/21/22) 100/May Monthly (5/21) 130 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $127.23 Cost Basis: $33.88 Action:…
I am recommending we roll our Apple (AAPL), Marvell Technology Group (MRVL) and Micron Technology (MU) calls out one week. With AAPL, we will be rolling strike to strike and generating more cash to reduce our cost basis. For MU and MRVL, we will be moving our calls to a higher strike in an attempt…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Let’s book profits on our Bank of America (BAC) and Charles Schwab (SCHW) positions, earning excellent rates of return and freeing up capital for new trades. BAC May Monthly (5/21) 41 Put Current Stock Price: $42.79 Cash in Hand: $0.57 Action: Buy to close the BAC May Monthly (5/21) 41 Put Current Option Price: $0.06-$0.07…
Following Friday’s expiration, we have uncovered shares in all four of our Perpetual Income Portfolio Club stocks. That means we have four call positions to put on. While volatility remains elevated, I do not expect to see abrupt moves in that market that disrupt our positions like we have witnessed lately. If you are not…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL May Week Two (5/14) 128 Call Apple (AAPL) rebounded late in the week along with the boarder market following a sharp three-day sell-off. Shares appear to have found short-term support in the mid-$120s. Our call is currently on track…
We have three positions expiring today. Our iShares Global Clean Energy ETF (ICLN) call is on track to expire worthless. We will sell another call against our shares soon to reduce our cost basis. Our SPDR S&P Regional Banking ETF (KRE) put is also on track to expire worthless, allowing us to book the maximum…
The market has not been kind to tech stocks, including Apple (AAPL), Marvell Technology Group (MRVL) and Micron Technology (MU). But with them running up today, I am recommending we roll our call positions on these stocks out one week to generate more cash. AAPL May Week Two (51/4) 128 Call Current Stock Price: $125.52…
I am recommending we roll our General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls out one week to generate cash. GM Jan Monthly (1/21/22) 50/May Week Two (5/14) 58 Call Spread Note: No action is needed on our GM Jan Monthly (1/21/22) 50 Call at this time. Current Stock Price: $55.32 Cost…
I am recommending we roll our Chewy (CHWY) and Twitter (TWTR) calls down to take advantage of market volatility and bring in additional income. Note that we are keeping the expiration dates the same. If you are not currently in a CHWY and/or TWTR position, you can enter one today. Just be aware that you…
We have net debits on Etsy (ETSY) and Peloton Interactive (PTON). I am recommending we initiate a new put position on ETSY and a new spread on PTON to reduce those net debits. You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be…
I am recommending we roll our QuantumScape (QS) and Invesco Solar ETF (TAN) calls down to reduce our cost basis on the positions. Note that we are keeping the expiration dates the same. QS May Week Two (5/14) 40 Call Current Stock Price: $28 Cost Basis: $40.90 Action: Buy to close the QS May Week…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) calls down to reduce our cost basis on the positions. Note that we are keeping the expiration dates the same. MRVL May Week Two (5/14) 47 Call Current Stock Price: $43.05 Cost Basis: $51.20 Action: Buy to close the MRVL…
I am recommending a call to sell for those who have Pfizer (PFE) shares uncovered from a previous position to reduce our cost basis. Current Stock Price: $40 Cost Basis: $39.63 Action: Sell to open the PFE May Week Two (5/14) 40 Call Current Option Price: $0.36-$0.37 Recommended Limit: Set your initial limit order at…
I am recommending we close the top leg of our Microsoft (MSFT) spread and watch the bottom leg expire worthless. We are booking an excellent profit while taking away the risk of a further tech sell-off. Current Stock Price: $253.50 Cash in Hand: $0.53 Action: Buy to close the MSFT May Week One (5/7) 245…
Our Pfizer (PFE) call is on track to expire worthless. We will sell another call next week. Current Stock Price: $39.20 Cost Basis: $39.63 Action: Watch PFE May Week One (5/7) 40 Call expire worthless
Let’s roll our Apple (AAPL) call out one week to generate more income. If you are not currently in an AAPL position, please sit this trade out. I will alert you when it is time to put new money to work. General Motors (GM) is rallying after delivering a strong earnings report and guidance despite…
Let’s book profits on our Herman Miller (MLHR) put. While we have more than two weeks until expiration, there is simply too much cash on the table to pass up. Current Stock Price: $43.08 Cash in Hand: $0.85 Action: Buy to close the MLHR May Monthly (5/21) 40 Put Current Option Price: $0.35-$0.45 Recommended Limit:…
I am recommending we roll our Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls today. I also want to roll our Chewy (CHWY) put to bring in more income. AAPL Jan Monthly (1/21/22) 100/May Week One (5/7) 128 Call Spread Note: No action is needed on the AAPL Jan Monthly…
Let’s not look a gift horse in the mouth. We have the chance to book excellent profits on our Crocs (CROX) and First Solar (FSLR) put positions in just over 24 hours, and we’re going to take it. CROX May Monthly (5/21) 100 Put Current Stock Price: $106.34 Cash in Hand: $3.50 Action: Buy to…
We accepted shares of iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) last week. I am recommending calls to sell against them to reduce our cost basis on the positions. Note that these recommendations are only for people who own shares of these stocks uncovered from previous recommendations. ICLN…
I am recommending we roll our Apple (AAPL) call out one week to bring in additional income. If we are called out next week, we will book a small profit. Current Stock Price: $129.78 Cost Basis: $128.13 Action: Buy to close the AAPL May Week One (5/7) 128 Call for around $2.22 Sell to open…
CVS Health (CVS) is running up today, allowing us to book exceptional short-term profits. Current Stock Price: $82.12 Cash in Hand: $0.95 Action: Buy to close the CVS May Week One (5/7) 80 Put Current Option Price: $0.09-$0.11 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit:…
We were assigned shares of Chewy (CHWY) on Friday, so I am recommending a call to sell today. If you do not currently have a CHWY position, you can enter one now. Just be aware that you will need to buy 100 shares of the stock first for every call you plan to sell to…
While there are no Income Masters Live Trading Sessions this week, we are putting on two new positions today. First Solar (FSLR) has been selling off since last week’s earnings report even though the company beat revenue and profit expectations. Guidance was lighter than the Street hoped, creating a great short-term put-selling opportunity for us.…
While there is no Options Income Blueprint Live Trading Session today, we are putting on two new positions. We’re starting with an old favorite: CVS Health (CVS), which we’ve already successfully traded four times this year. The company announced better-than-expected first-quarter earnings and revenue before the bell, due in part to COVID-19 vaccinations and tests…
We are doing things a little differently today. First, I am recommending we close our General Motors (GM) put. The stock is circling our strike, and with earnings expected next week, I don’t want to risk being assigned and holding shares through the announcement. Therefore, let’s spend a little cash to buy back the put…
iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) are all trading below the strike price of the puts we sold. I am recommending we accept shares. We will sell calls against them soon to reduce our cost basis on the positions. I have great confidence in the chip sector…
The market is falling today despite some stellar earnings reports from big tech companies. This leads me to believe this growth must have been priced in already and that Wall Street is more concerned with too much growth (i.e., inflation) and its effect on the bond market. In light of this, I am recommending we…
Let’s roll our Chewy (CHWY) put and Invesco Solar ETF (TAN) call. CHWY Apr Week Five (4/30) 83 Put Current Stock Price: $80.90 Net Debit: $0.27 Action: Buy to close the CHWY Apr Week Five (4/30) 83 Put for around $2.50 Sell to open the CHWY May Week One (5/7) 83 Put for around $3.35…
I am recommending we roll our expiring General Motors (GM) and QuantumScape (QS) calls. GM Jan Monthly (1/21/22) 50/Apr Week Five (4/30) 58 Call Spread Note: No action is needed on the GM Jan Monthly (1/21/22) 50 Call at this time. Current Stock Price: $56.03 Cost Basis: $11.33 Action: Buy to close the GM Apr…
Let’s book excellent short-term profits on our Bank of America (BAC) put. Current Stock Price: $40.82 Cash in Hand: $0.55 Action: Buy to close the BAC Apr Week Five (4/30) 40 Put Current Option Price: $0.05-$0.06 Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.49, or…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Apr Week Five (4/30) 83 Put for around $0.76. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $84.54) TRADE TWO: Sell to…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low…
Our Chewy (CHWY) put expired worthless last week and our General Motors (GM) shares were called away. Therefore, I am recommending new puts to sell today. Our Twitter (TWTR) put also expired worthless last week, but I am holding off on a new recommendation. The company is expected to report earnings on Thursday, and I…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL May Week One (5/7) 128 Call Apple (AAPL) announced new products at an event this week, including a redesigned iMac, the next iPad Pro and location-tracking AirTags. Company execs also fielded questions at a Senate antitrust hearing on app…
I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) puts out one week to buy ourselves some time. The semiconductor sector has been hit by irrational concerns about chip shortages hurting revenue growth. Last time I checked, tight inventory meant higher selling prices and operating margins. So, I expect the…
Let’s book profits on our SPDR S&P Biotech ETF (XBI) put. Current Stock Price: $135.28 Cash in Hand: $3.30 Action: Buy to close the XBI Apr Week Four (4/23) 135 Put for around $0.80 Profit: $2.50, or $250 per contract
We have a Peloton Interactive (PTON) standalone put and spread position expiring today, along with a Taiwan Semiconductor Manufacturing (TSM) spread. I am recommending we spend a bit of cash to close the PTON put to avoid potential assignment. The PTON spread, however, is on track to expire worthless. For the TSM spread, I am…
I am recommending we roll our Chewy (CHWY) put and expiring General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls. CHWY Apr Week Four (4/23) 83 Put Current Stock Price: $82.04 Net Debit: $1.57 Action: Buy to close the CHWY Apr Week Four (4/23) 83 Put for around $1.61 Sell to open the…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Let’s book excellent profits on CVS Health (CVS), First Solar (FSLR) and Invesco Solar ETF (TAN). CVS Apr Week Four (4/23) 76 Put Current Stock Price: $76.70 Cash in Hand: $1.10 Action: Buy to close the CVS Apr Week Four (4/23) 76 Put Current Option Price: $0.42-$0.44 Recommended Limit: Set your initial limit order at…
Apple (AAPL) is trading well above the strike price of our call. I am recommending we spend some cash to roll out two weeks and to a higher strike to capture another $2 in potential appreciation. Note that the company is expected to report earnings on April 28, and we will likely be holding this…
I am recommending we roll the short legs of our Apple (AAPL) and General Motors (GM) LEAP call spreads. Note that we are lowering the GM strike but keeping the expiration the same. AAPL Jan Monthly (1/21/22) 100/Apr Week Four (4/23) 126 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22)…
Apple (AAPL) is trading well above the strike price of our call. I am recommending we roll out two weeks and to a higher strike to capture another $2 in potential appreciation. Note that the company is expected to report earnings on April 28, and we will likely be holding this position through the announcement.…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Chewy (CHWY) and Twitter (TWTR) puts expired worthless last week, so I am recommending new puts to sell today. And we accepted shares of General Motors (GM), so I am recommending a call to sell. If you are new to the GM position, you must first buy 100 shares of the stock for every…
We were assigned shares of QuantumScape (QS) and Invesco Solar ETF (TAN) last week. I am recommending calls to sell against those uncovered shares to reduce our cost basis on the positions. QS Uncovered Shares Current Stock Price: $32.08 Cost Basis: $43.25 Action: Sell to open the QS Apr Week Four (4/23) 37 Call for…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Apr Week Four (4/23) 126 Call Apple (AAPL) continued to grind its way up this week, possibly helped by reports the company is working on new smart-home products. Our call does not expire for another week, but we may…
Let’s book profits on our CVS Health (CVS), Chewy (CHWY) and Intel (INTC) puts now rather than sweating it out through the close today. Each will yield an excellent rate of return even after we give back some cash. And our patience with Twitter (TWTR) has paid off, as our shares are on track to…
We have a Peloton Interactive (PTON) standalone put and spread position expiring today, along with a Taiwan Semiconductor Manufacturing (TSM) spread. I am recommending we spend a bit of cash to close the PTON put to avoid potential assignment. The PTON spread, however, is on track to expire worthless. For the TSM spread, I am…
Our most recent S&P 500 (SPX) hedges — the SPX Apr Monthly (4/16) 3350 Put and the SPX Apr Monthly (4/16) 3350/3250 Put Spread — are on track to expire worthless, so I am recommending new defensive positions today. We will continue to track them as ongoing positions, but you can initiate one of these…
Our Advanced Micro Devices (AMD) shares are on track to be called away at a small profit. If the stock happens to close below $81, our call with expire worthless and we will sell another one soon. Our Danaher (DHR) shares are also on track to be called away, albeit at a much larger profit.…
Our Lululemon Athletica (LULU), Peloton Interactive (PTON) and Zoom Video Communications (ZM) put spreads are on track to expire worthless. With LULU and PTON, we will sell new spreads soon to continue to work down our net debits on the positions. With ZM, we will be booking the maximum profit. We will likely trade another…
I am recommending we roll our expiring positions in Chewy (CHWY), General Motors (GM) and SPDR S&P Biotech ETF (XBI). CHWY Apr Monthly (4/16) 82 Put Current Stock Price: $85.68 Net Debit: $2.71 Action: Buy to close the CHWY Apr Monthly (4/16) 82 Put for around $0.15 Sell to open the CHWY Apr Week Four…
I am recommending we roll our First Solar (FSLR), Marvell Technology Group (MRVL) and Micron Technology (MU) puts out one week to buy ourselves some more time and bring in additional income. FSLR Apr Monthly (4/16) 80 Put Current Stock Price: $77.65 Cash in Hand: $0.87 Action: Buy to close the FSLR Apr Monthly (4/16)…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Moderna (MRNA) has shot up nearly 8% today following news the FDA is asking states to temporarily suspend the use of Johnson & Johnson’s (JNJ) COVID-19 vaccine after six people developed a rare blood-clotting disorder. Let’s book profits on our put position now. Current Stock Price: $150.48 Cash in Hand: $3.49 Action: Buy to close…
I introduced two new stocks to the Perpetual Income Portfolio Club today during our Live Trading Session. You can watch a recording of the session here. We moved on from Corning (GLW) and Starbucks (SBUX) and replaced them with General Motors (GM) and Twitter (TWTR). While GLW and SBUX are both great companies, I believe…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, April 12, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Apple (AAPL)…
I am recommending we roll our expiring Peloton Interactive (PTON) put to bring in more income and reduce our net debit on the position. Note: No action is needed on our PTON Apr Monthly (4/16) 105/100 Put Spread at this time. Current Stock Price: $119.59 Net Debit: $13.41 Action: Buy to close the PTON Apr…
I am recommending we roll our Invesco Solar ETF (TAN) and SPDR S&P Biotech ETF (XBI) puts to buy ourselves more time and bring in additional income. TAN Apr Week Two (4/9) 90 Put Current Stock Price: $85.89 Cash in Hand: $1.55 Action: Buy to close the TAN Apr Week Two (4/9) 90 Put for…
I am recommending we roll our CVS Health (CVS) put to buy ourselves some more time and bring in additional income. And let’s book profits on our SPDR S&P Regional Banking ETF (KRE) position. CVS Apr Week Two (4/9) 75 Put Current Stock Price: $73.85 Cash in Hand: $0.73 Action: Buy to close the CVS…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the iShares Global Clean Energy ETF (ICLN) Apr Monthly (4/16) 23.50 Put for around $0.45. You can go as low as $0.35, but please don’t start there and always use limit orders. (Current stock price: $23.57) TRADE TWO: Sell…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and Moderna (MRNA). AAPL Jan Monthly (1/21/22) 100/Apr Week Two (4/9) 125 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $129.18 Cost Basis: $34.50 Action:…
I am recommending we roll our Apple (AAPL) and Twitter (TWTR) calls up and out one to two weeks. This will generate more income to lower our cost basis on the positions. Plus, it will allow us to capture more potential appreciation in the underlying shares. I am also recommending we roll our Micron Technology…
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It’s time to book profits on our monthly Crocs (CROX) put position. Current Stock Price: $81.63 Cash in Hand: $1.65 Action: Buy to close the CROX Apr Monthly (4/16) 75 Put Current Option Price: $0.50-$0.65 Recommended Limit: Set your initial limit order at $0.60, but adjust as needed to close today Profit: $1.05, or $105…
Let’s book profits on our 1Life Healthcare (ONEM) put. Current Stock Price: $41.37 Cash in Hand: $2.20 Action: Buy to close the ONEM Apr Monthly (4/16) 40 Put for around $0.85 Profit: $1.35, or $135 per contract
Our Peloton Interactive (PTON) shares were called away last week, resulting in a net debit on the position. I am recommending a new put to sell today that will reduce that net debit. We also had a PTON spread expire worthless. So, I am recommending a new spread on PTON, as well as on Taiwan…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Invesco Solar ETF (TAN) Apr Week Two (4/9) 90 Put for around $1.55. You can go as low as $1.25, but please don’t start there and always use limit orders. (Current stock price: $90.61) TRADE TWO: Sell to…
YETI Holdings (YETI) is running higher on no discernable news. Let’s book profits now. Current Stock Price: $77.31 Cash in Hand: $4.35 Action: Buy to close the YETI Apr Monthly (4/16) 75 Put Current Option Price: $1.35-$1.60 Recommended Limit: Set your initial limit order at $1.50, but adjust as needed to close today Profit: $2.85,…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Marvell Technology Group (MRVL) shares were called away last week, causing us to incur a net debit on the position. I am recommending a new put to sell today that will reduce that net debit. You can sell this put even if you were not in the previous position. Just be aware that we…
Our Chewy (CHWY) call expired worthless on Friday, so I am recommending another one to sell today. If you do not currently have a CHWY position, you can enter one now. Just be aware that you will need to buy 100 shares of the stock first for every call you plan to sell to make…
Let’s book profits on our General Motors (GM) and SPDR S&P Regional Banking ETF (KRE) puts. GM Apr Week Two (4/9) 57 Put Current Stock Price: $59.89 Cash in Hand: $2.05 Action: Buy to close the GM Apr Week Two (4/9) 57 Put for around $0.20 Profit: $1.85, or $185 per contract KRE Apr Week…
I am recommending we close our General Motors (GM) put. The stock has run up and it does not make sense to leave profits on the table and tie up capital any longer. Current Stock Price: $59.43 Cash in Hand: $0.94 Action: Buy to close the GM Apr Week Two (4/9) 56 Put Current Option…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Apr Week Two (4/9) 125 Call Apple (AAPL) is slowly reclaiming lost ground following the sell-off in tech. I do not anticipate any major moves in the stock until the company announces earnings in late April or early May.…
I recommended selling our Chewy (CHWY) shares earlier this week to avoid earnings risk. Now that the announcement is out, I am recommending a new put to reduce our net debit on the position. You can sell a put today even if you were not in the previous position. Just be aware that we will…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD) and SPDR S&P Regional Banking ETF (KRE). Our Western Digital (WDC) put is on track to expire worthless, allowing us to book the maximum profit. AAPL Jan Monthly (1/21/22) 100/Apr Week One (4/1) 124 Call Spread Note: No action is…
Our Peloton Interactive (PTON)Â call is deep in the money. Rather than roll, I am recommending we allow our shares to be called away. We will carry over a net debit and sell puts against the stock soon to work our way toward breakeven. Our PTON spread is on track to expire worthless. We will simply…
I recommended closing our Micron Technology (MU) put earlier this week to avoid earnings risk. Now that the announcement is out and the stocks is moving higher, I am recommending a new put to reduce our net debit on the position. You can sell a put today even if you were not in the previous…
I am recommending we roll our Apple (AAPL) and General Motors (GM) positions. Our Gilead Sciences (GILD) shares are on track to be called away at a profit. However, if the stocks happens to close below $65, our call will expire worthless and we will sell another one soon. Finally, our Marvell Technology Group (MRVL)…
I am recommending we roll our General Motors (GM) put out one week and to a lower strike. Current Stock Price: $57.54 Cash in Hand: $1.49 Action: Buy to close the GM Apr Week One (4/1) 57.50 Put for around $0.61 Sell to open the GM Apr Week Two (4/9) 57 Put for around $1.17…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Let’s take fast profits off the table with QuantumScape (QS) rather than risk watching them slip away. Current Stock Price: $44.89 Cash in Hand: $0.40 Action: Buy to close the QS Apr Week One (4/1) 40 Put Current Option Price: $0.05-$0.10 Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to…
Let’s book terrific profits on our Moderna (MRNA) put. Current Stock Price: $126.95 Cash in Hand: $3.45 Action: Buy to close the MRNA Apr Week Two (4/9) 115 Put for around $1.18 Profit: $2.27, or $227 per contract
Micron Technology (MU) is expected to announce earnings after the close today. Our put position is underwater, but I do not want to expose ourselves to earnings risk. Therefore, I am recommending we close the position now. We will incur a net debit that we will carry over when I recommend another put to sell…
Chewy (CHWY) is expected to announce earnings after the close today. While I think the company will meet or beat expectations, the stock could sell off if Chewy misses Wall Street’s “whisper estimates.” We currently own shares uncovered. Rather than hold through the announcement, I am recommending you sell your shares. This will result in…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Apr Week One (4/1) 66 Put for around $0.53. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $66.86) TRADE TWO:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Let’s close our CVS Health (CVS) put with a terrific profit. Current Stock Price: $76.14 Cash in Hand: $1.31 Action: Buy to close the CVS Apr Week One (4/1) 73.50 Put for around $0.13 Profit: $1.18, or $118 per contract
I am recommending we book profits on our Corning (GLW) position. Current Stock Price: $43.32 Cash in Hand: $0.76 Action: Buy to close the GLW Apr Week One (4/1) 41 Put Current Option Price: $0.09-$0.19 Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to close today Profit: $0.62, or $62…
Our Chewy (CHWY) call is on track to expire worthless. Given that the company is expected to report earnings next week, I may recommend we sell the shares before the announcement. If we do so, I will recommend a put to sell once the earnings dust settles. If we end up continuing to hold shares,…
Some of you own Peloton Interactive (PTON) shares uncovered. For those people, I am recommending a call to sell to reduce out cost basis on the position. I am also recommending a spread on Peloton for those of you who have a net debit from the previous PTON spread position. Our Taiwan Semiconductor Manufacturing (TSM)…
Bank of America (BAC) is rallying following an announcement from the Federal Reserve that the temporary restrictions on dividends and stock buybacks for most banks will end after June 30. Let’s take profits off the table now before bank stocks have a chance to reverse lower. Current Stock Price: $38.57 Cash in Hand: $0.43 Action:…
I am recommending we roll our Apple (AAPL), Chewy (CHWY) and Starbucks (SBUX) calls out one week. Our positions have been hit as money rotated out of growth stocks and into industrials and consumer staples, but I do not expect this trend to last long. In the meantime, we’ll continue to generate income by selling…
I am recommending we roll our positions in Apple (AAPL), Advanced Micro Devices (AMD), CVS Health (CVS) and General Motors (GM). AAPL Jan Monthly (1/21/22) 100/Mar Week Four (3/26) 125 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $119.36 Cost Basis: $35.68…
I am recommending we roll our Apple (AAPL) and Marvell Technology Group (MRVL) calls to bring in more income and lower or cost basis on the positions. AAPL Mar Week Four (3/26) 125 Call Current Stock Price: $119.56 Cost Basis: $129.73 Action: Buy to close the AAPL Mar Week Four (3/26) 125 Call for around…
I am recommending we roll our Micron Technology (MU) put and Twitter (TWTR) call. MU Mar Week Four (3/26) 90 Put Current Stock Price: $85.97 Cash in Hand: $1.82 Action: Buy to close the MU Mar Week Four (3/26) 90 Put for around $4.25 Sell to open the MU Apr Week One (4/1) 90 Put…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we book profits on iShares Global Clean Energy ETF (ICLN). Current Stock Price: $24.03 Cash in Hand: $0.45 Action: Buy to close the ICLN Mar Week Four (3/26) 22.50 Put Current Option Price: $0.05-$0.10 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit: $0.35,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the General Motors (GM) Mar Week Four (3/26) 57.50 Put for around $1.04. You can go as low as $0.96, but please don’t start there and always use limit orders. (Current stock price: $57.74) TRADE TWO: Sell to open…
Our Chewy (CHWY) call expired worthless on Friday, so we are selling a new call against our uncovered shares. If you are not currently in a CHWY position, you can enter one today. Just be aware that you will need to buy 100 shares of the stock first for every call you plan to sell…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Mar Week Four (3/26) 125 Call Apple (AAPL) struggled following a pop early in the week. The issue is with the stock, not with the company. Apple and other pricey tech stocks were hit as bond yields rose and…
Peloton Interactive (PTON) continues to head in the wrong direction. Our standalone put is deep in the money, and I am recommending you accept shares. We will sell calls against them to bring in income and reduce our cost basis. Our PTON put spread is on track to expire worthless. We will sell another spread…
Our CVS Health (CVS) shares are on track to be called away at a profit. We also have three spread positions expiring today. Our Lululemon Athletica (LULU) put spread is on track to expire worthless. We will sell another spread soon to continue to work down our net debit on the position. Our Peloton Interactive…
Our most recent S&P 500 (SPX) hedges — the SPX Mar Monthly (3/19) 3100 Put and the SPX Mar Monthly (3/19) 3100/3050 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions today. We will continue to track them as ongoing positions, but you can initiate one of…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we roll our expiring call positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and Danaher (DHR). AAPL Jan Monthly (1/21/22) 100 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $122.11 Cost Basis: $36.80 Action: Buy to close…
I am recommending we roll our call positions in Apple (AAPL), Gilead Sciences (GILD), Marvell Technology Group (MRVL) and Twitter (TWTR) AAPL Mar Monthly (3/19) 128 Call Current Stock Price: $121.79 Cost Basis: $131.02 Action: Buy to close the AAPL Mar Monthly (3/19) 128 Call for around $0.07 Sell to open the AAPL Mar Week…
Williams-Sonoma (WSM) is expected to report earnings after the close today. Rather than hold through the announcement, I am recommending we close the position with an excellent profit. Current Stock Price: $135.71 Cost Basis: $119.29 Action: Buy to close the WSM Mar Monthly (3/19) 130 Call for around $9 Sell shares at market Profit: $7.42,…
We were assigned shares of Apple (AAPL) and Gilead Sciences (GILD) on Friday, so I am recommending calls to sell against them. Note that these recommendations are only for people who already own AAPL and/or GILD shares uncovered from a previous position. AAPL Uncovered Shares Current Stock Price: $126.83 Cost Basis: $132.08 Action: Sell to…
Micron Technology (MU) is running higher today. Let’s book profits now. Current Stock Price: $93.62 Cash in Hand: $2.40 Action: Buy to close the MU Mar Monthly (3/19) 87.50 Put for around $0.22 Profit: $2.18, or $218 per contract
Our Blackstone Group (BX) Mar Week Two (3/12) 70 Call is in the money and our shares are on track to be called away at a profit. While some of you may be lamenting missing out on appreciation in the shares, remember that there is no such thing as a foregone profit. I am happy…
Our Apple (AAPL) and Gilead Sciences (GILD) calls are on track to expire worthless. We will watch them do so and sell new calls next week to reduce our cost basis on the positions. AAPL Mar Week Two (3/12) 124 Call Current Stock Price: $119.83 Cost Basis: $132.09 Action: Watch call expire worthless GILD Mar…
I am recommending we roll our Micron Technology (MU) put out one week and to a lower strike. Our Zoom Video Communications (ZM) spreads are on track to expire worthless, allowing us to book a maximum profit. MU Mar Week Two (3/12) 89 Put Current Stock Price: $87.43 Cash in Hand: $1.68 Action: Buy to…
I am recommending we roll all of our expiring Perpetual Income Portfolio Club positions. We will be rolling the Apple (AAPL) and Chewy (CHWY) calls out one to two weeks and to higher strikes. While we will incur a net debit to do so, we will be capturing more potential appreciation. If you not currently…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and CVS Health (CVS). AAPL Jan Monthly (1/21/22) 100/Mar Week Two (3/12) 130 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $122.24 Cost Basis: $38.08…
I am recommending we roll our Marvell Technology Group (MRVL) and Twitter (TWTR) call positions. MRVL Mar Week Two (3/12) 50 Call Current Stock Price: $45.04 Cost Basis: $49.72 Action: Buy to close the MRVL Mar Week Two (3/12) 50 Call for around $0.05 Sell to open the MRVL Mar Monthly (3/19) 50 Call for…
I am recommending we book profits on our Bank of America (BAC) put. Note that I may open positions via alert before Thursday’s Live Trading Session (register here), so keep an eye on your email. Current Stock Price: $37.49 Cash in Hand: $0.31 Action: Buy to close the BAC Mar Week Two (3/12) 36.50 Put…
I am recommending we sell a call on our uncovered Chewy (CHWY) shares. Let’s also book profits on our Crocs (CROX) and SPDR S&P Regional Banking ETF (KRE) put positions. CHWY Uncovered Shares Current Stock Price: $80.49 Cost Basis: $88.66 Action: Sell to open the CHWY Mar Week Two (3/12) 85 Call for around $0.58…
Let’s book profits on our CVS Health (CVS) LEAP call spread. Current Stock Price: $71.92 Cost Basis: $17.31 Action: Buy to close the CVS Mar Week Two (3/12) 70 Call for around $2.09 Sell to close the CVS Jan Monthly (1/21/22) 52.50 Call for around $20.10 Profit: $0.70, or $70 per contract
I am recommending we roll our Apple (AAPL) call to a lower strike to generate more cash and lower our cost bais. Let’s also close our Moderna (MRNA) put, booking a huge profit on a position open less than 24 hours. AAPL Mar Week Two (3/12) 130 Call Current Stock Price: $120.10 Cost Basis: $132.37…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low…
We were assigned shares of D.R. Horton (DHI) at $80 on Friday. The stock has run up this week and we can sell them for a nice profit over our cost basis. Current Stock Price: $81.04 Cost Basis: $77.36 Action: Sell shares at market Profit: $3.68, or $368 per 100 shares
With the market rallying today, I am recommending we book profits on our CVS Health (CVS) and Herman Miller (MLHR) positions. These closeouts will yield excellent rates of return and taking profits off the table is the smart play. CVS Mar Week Two (3/12) 70 Call Current Stock Price: $72.73 Cash in Hand: $68.20 Action:…
General Motors (GM) is up more than 3% today, so I am recommending we book profits on our put position. Current Stock Price: $55.52 Cash in Hand: $0.99 Action: Buy to close the GM Mar Week Two (3/12) 52.50 Put Current Option Price: $0.25-$0.27 Recommended Limit: Set your initial limit order at $0.26, but adjust…
We have three new positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session. You can watch a recording of the session here. Our Apple (AAPL) call expired worthless on Friday and we were assigned shares of Chewy (CHWY). I am recommending calls to sell today. If you are not…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, March 8, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Here’s…
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…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we close our Micron Technology (MU) and QuantumScape (QS) positions, booking excellent profits and freeing up capital for new trades. MU Mar Week One (3/5) 85 Put Current Stock Price: $94.29 Cash in Hand: $1.75 Action: Buy to close the MU Mar Week One (3/5) 85 Put Current Option Price: $0.15-$0.20 Recommended…
We were assigned shares of Apple (AAPL) and Marvell Technology Group (MRVL) on Friday. I am recommending calls to sell against those shares today, which will lower our cost basis on the positions. Currently, I am targeting breakeven for these positions, but that may change especially with AAPL. Note that these trades are only for…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Mar Week One (3/5) 130 Call Apple (AAPL) has been hit hard by the tech sell-off. Our call is well out of the money and we may roll it down next week if the sector does not rebound. Current…
We have positions in Bank of America (BAC), D.R. Horton (DHI), QuantumScape (QS) and SPDR S&P Biotech ETF (XBI) expiring today. Let’s close BAC now to book profits. I am recommending we roll our DHI and XBI puts out one week to buy time for the underlying securities to move higher. Finally, our QS put…
We have positions in Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM) and Twitter (TWTR) expiring today. I am recommending we close the MU buy-write to lock in profits. And our TWTR put is on track to expire worthless, allowing us to book the maximum profit. TSM has been hit hard in the past two weeks.…
Both Lululemon Athletica (LULU) and Peloton Interactive (PTON) have been hit hard in the past two weeks. I am recommending we roll our spreads down and out to the March monthly expiration. LULU Feb Week Four (2/26) 310/300 Put Spread Current Stock Price: $306.42 Net Debit: $4.54 Action: Buy to close the LULU Feb Week…
The tech sell-off clobbered our Apple (AAPL) and Marvell Technology Group (MRVL) positions. I am recommending we accept shares rather than attempt to roll the puts. Next week, I will recommend calls to sell against the shares to reduce our cost basis on the positions. While I am currently targeting breakeven, that could change if…
Let’s roll our S&P 500 (SPX) put to a lower strike to pocket some cash while keeping our hedge in place. No action is needed on the SPX Mar Monthly (3/19) 3300/3250 Put Spread at this time. If you are not currently in a hedged position and want to initiate one today, you can buy…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Mar Week One (3/5) 37.50 Put for around $0.62. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $37.86) TRADE TWO: Sell to open the…
I am recommending we roll our expiring Apple (AAPL), Advanced Micro Devices (AMD) and CVS Health (CVS) calls. AAPL Jan Monthly (1/21/22) 100/Feb Week Four (2/26) 134 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $123.93 Cost Basis: $39.39 Action: Buy to…
Both QuantumScape (QS) and Twitter (TWTR) are sharply higher today. I am recommending we roll our QS put to a higher strike to bring in more cash. And we are rolling our TWTR call up and out one week to generate more income and capture more potential appreciation. QS Mar Week One (3/5) 45 Put…
Our Blackstone Group (BX) call expired worthless last week, so I am recommending a new call to sell today. Note that this recommendation is only for people who already own shares of the stock uncovered from a previous position. I am also recommending we roll the short leg of our CVS Health (CVS) call spread.…
We were assigned shares of Gilead Sciences (GILD) last week, so I am recommending a call to sell today. Note that this recommendation is only for people who already own shares of the stock from a previous position. I am also recommending we book profits on our General Motors (GM) put. While we will be…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Week Four (2/26) 50 Put for around $1.10. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $56.35) TRADE TWO: Sell to open the…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
We were assigned shares of Apple (AAPL) and Starbucks (SBUX) last week, so I am recommending calls to sell against them. If you are not currently in these positions, you can enter them today. Just be sure to purchase 100 shares of the underlying stock first for every call you plan to sell. Never sell…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Feb Monthly (2/19) 133 Put Apple (AAPL) has hit a bit of a rough patch. The stock continued to sell off this week, dropping around 5%. This was due in part to news that Warren Buffett cut his stake…
Our Blackstone Group (BX) call is on track to expire worthless. I will recommend a new call to sell against the shares soon. Marvell Technology Group (MRVL) is currently trading above our call’s strike. If our shares are called away, we will book a profit. However, if the stock closes below $51, our call will…
Our QuantumScape (QS) and Starbucks (SBUX) puts are on track to expire worthless. After more than a year of managing the SBUX position, we are finally able to walk away with a small profit. Considering how deep underwater we were, this is a victory. It’s also proof that our rolling strategy and a good deal…
Our Gilead Sciences (GILD) Feb Monthly (2/19) 67 Put is in the money. I am recommending we accept shares. We will sell a call against them soon to reduce our cost basis. Current Stock Price: $65.01 Cash in Hand: $0.92 Action: Accept shares Cost Basis: $66.08
Our most recent S&P 500 (SPX) hedges — the SPX Feb Monthly (2/19) 3025 Put and the SPX Feb Monthly (2/19) 3025/2975 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions today. We will continue to track them as ongoing positions, but you can initiate one of…
I am recommending we roll our Apple (AAPL), General Motors (GM) and Marvell Technology Group (MRVL) puts to buy time and generate more income. AAPL Feb Monthly (2/19) 136 Put Current Stock Price: $128.75 Cash in Hand: $2.16 Action: Buy to close the AAPL Feb Monthly (2/19) 136 Put for around $7.25 Sell to open…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Chewy (CHWY) put position. Current Stock Price: $108.84 Cash in Hand: $2.09 Action: Buy to close the CHWY Feb Monthly (2/19) 105 Put for around $0.40 Profit: $1.69, or $169 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Monthly (2/19) 58 Put for around $0.65. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $64.69) TRADE TWO: Sell to open the Bank…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), D.R. Horton (DHI) and Williams-Sonoma (WSM). AAPL Jan Monthly (1/21/22) 100/Feb Monthly (2/19) 140 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $128.07 Cost Basis: $39.95 Action:…
Let’s book profits on our Chewy (CHWY) and Micron Technology (MU) positions. CHWY Feb Monthly (2/19) 100 Put Current Stock Price: $110.31 Cash in Hand: $1.19 Action: Buy to close the CHWY Feb Monthly (2/19) 100 Put for around $0.12 Profit: $1.07, or $107 per contract CHWY Feb Monthly (2/19) 100/90 Put Spread Cash in…
Let’s book profits on our CVS Health (CVS) put. Current Stock Price: $72.61 Cash in Hand: $0.56 Action: Buy to close the CVS Feb Monthly (2/19) 70 Put Current Option Price: $0.05-$0.07 Recommended Limit Price: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.50, or $50 per contract…
First Solar (FSLR) is falling today. Let’s get out now rather than risk having to roll out past next week’s earnings announcement. The spread between the bid and the ask are wide. Work your limit as needed to exit quickly. Current Stock Price: $95.14 Cash in Hand: $3.45 Action: Buy to close the FSLR Feb…
Our Apple (AAPL) and Chewy (CHWY) shares were called away last week, so I am recommending puts to sell. Note that no action is needed on our Corning (GLW) Feb Monthly (2/19) 37 Put or Starbucks (SBUX) Feb Monthly (2/19) 107 Put at this time. AAPL Current Stock Price: $133.55 Action: Sell to open the…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Buy to open the CVS Health (CVS) Jan Monthly (1/21/22) 52.50 Call for around $19.20 and sell to open the CVS Feb Week Four (2/26) 73.50 Call for around $0.54. Set initial debit limit at $18.66. (Current stock price:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Feb Week Two (2/12) 135 Call Apple (AAPL) is trading right around our call strike. If it closes below $135, our call will expire worthless and we will sell another one next week. If AAPL closes above that level,…
Our Microsoft (MSFT) Feb Week Two (2/12) 217.50/207.50 Put Spread is on track to expire worthless, allowing us to collect the maximum profit and earn an excellent rate of return. Current Stock Price: $243.29 Cash in Hand: $0.60 Action: Watch spread expire worthless Profit: $0.60, or $60 per spread
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
I am recommending we roll our Advanced Micro Devices (AMD) call and book profits on our Crocs (CROX) position. AMD Feb Week Two (2/12) 90 Call Current Stock Price: $92.65 Cost Basis: $86.82 Action: Buy to close the AMD Feb Week Two (2/12) 90 Call for around $2.83 Sell to open the AMD Feb Monthly…
Let’s roll our Chewy (CHWY) put position out one week to generate more cash. I am also recommending we roll our Marvell Technology Group (MRVL) call to a lower strike, further reducing our cost basis. CHWY Feb Week Two (2/12) 105 Put Current Stock Price: $110.67 Cash in Hand: $0.79 Action: Buy to close the…
I am recommending we roll our positions in Apple (AAPL), Gilead Sciences (GILD) and General Motors (GM) out one week. AAPL Feb Week Two (2/12) 136 Put Current Stock Price: $135.20 Cash in Hand: $1.06 Action: Buy to close the AAPL Feb Week Two (2/12) 136 Put for around $1.36 Sell to open the AAPL…
Let’s book profits on our Bank of America (BAC) position. Current Stock Price: $33.10 Cash in Hand: $0.70 Action: Buy to close the BAC Feb Week Two (2/12) 32.50 Put Current Option Price: $0.06-$0.07 Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.64, or $64 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the D.R. Horton (DHI) Feb Monthly (2/19) 80 Put for around $1.02. You can go as low as $0.93, but please don’t start there and always use limit orders. (Current stock price: $82.03) TRADE TWO: Sell to open the…
I said in this week’s Live Trading Session that I was interested in potentially opening new trades in General Motors (GM) and Twitter (TWTR) following the companies’ earnings announcements. TWTR was up as much as 15% today following an earnings and revenue beat, despite failing to hit analysts’ user growth expectations. I want to wait…
Our Corning (GLW) and Starbucks (SBUX) shares were called away on Friday, so I am recommending selling puts on the stocks today. Note that no action is needed on our Apple (AAPL) Feb Week Two (2/12) 135 Call or Chewy (CHWY) Feb Week Two (2/12) 112 Call at this time. GLW Current Stock Price: $36.77…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Crocs (CROX) and D.R. Horton (DHI) positions and sell a call on our uncovered Marvell Technology Group (MRVL) shares. CROX Feb Monthly (2/19) 75 Call Current Stock Price: $79.68 Cost Basis:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we book profits on our Moderna (MRNA) put position. Over the weekend, South Africa suspended the use of AstraZeneca’s (AZN) COVID-19 vaccine after a new study showed it was less effective against a variant of the virus found in the country. The Moderna vaccine has also been shown to be less effective…
I am recommending we roll our Apple (AAPL) and Chewy (CHWY) calls today. If you are not currently in the AAPL position, please do not enter one at this time. I will alert you when it is time to put new money to work. However, if you are not in the CHWY position, you can…
Our Chewy (CHWY) put is on track to expire worthless, meaning we will collect the maximum profit. We are also on track to have our JPMorgan Chase (JPM) shares called away, resulting in a great return. Finally, our Netflix (NFLX) spread is set to expire worthless. We’ll look to trade the stock again soon. CHWY…
Our Marvell Technology Group (MRVL) Feb Week One (2/5) 53 Call is on track to expire worthless. I will recommend a new call to sell against shares next week. Current Stock Price: $49.88 Cost Basis: $51.60 Action: Watch call expire worthless
I am recommending we book profits on our Corning (GLW) covered call position rather than hold through expiration. By doing so, we earn a 0.9% return in three days, or 110% annualized. Current Stock Price: $37.32 Cost Basis: $36.09 Action: Buy to close the GLW Feb Week One (2/5) 36.50 Call for around $0.90 Sell…
I am recommending we roll our Advanced Micro Devices (AMD), Micron Technology (MU) and Starbucks (SBUX) positions. AMD Feb Week One (2/5) 92.50 Call Current Stock Price: $87.32 Cost Basis: $87.84 Action: Buy to close the AMD Feb Week One (2/5) 92.50 Call for around $0.05 Sell to open the AMD Feb Week Two (2/12)…
Let’s book profits on our General Motors (GM) and Herman Miller (MLHR) positions. GM Feb Week One (2/5) 54 Put Current Stock Price: $54.48 Cash in Hand: $1.66 Action: Buy to close the GM Feb Week One (2/5) 54 Put for around $0.45 Profit: $1.21, or $121 per contract MLHR Feb Monthly (2/19) 35 Put…
I am recommending we book profits on our General Motors (GM), Pfizer (PFE), QuantumScape (QS) and Twitter (TWTR) positions. Given the recent bouts of unexpected volatility, this is the smart move. And since we are freeing up a lot of capital with these closeouts, it’s possible I will open new positions via alert. So, keep…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Chewy (CHWY) Feb Week One (2/5) 100 Put for around $1.34. You can go as low as $1.12, but please don’t start there and always use limit orders. (Current stock price: $102.20) TRADE TWO: Sell to open the…
I am recommending we ladder up our General Motors (GM) put by rolling to a higher strike. This will bring in more income and boost our potential rate of return. Current Stock Price: $54.41 Cash in Hand: $0.99 Action: Buy to close the GM Feb Week One (2/5) 50 Put for around $0.03 Sell to…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Buy 100 shares of Marvell Technology Group (MRVL) at market ($52.19) and sell to open the MRVL Feb Week One (2/5) 53 Call for around $0.59. (Cost basis: $51.60) TRADE TWO: Buy 100 shares of Corning (GLW) at market…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we book profits on our Micron Technology (MU) and Twitter (TWTR) positions, earning excellent returns. This will also free up capital for new positions that we will put on in today’s Live Trading Session at 1 p.m. Eastern. MU Feb Week One (2/5) 80 Put Current Stock Price: $81.03 Cash in Hand:…
We have four new call positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session. You can watch a recording of the session here. If you are not currently in these positions, you can enter them today. Just be sure to purchase 100 shares of the underlying stock first for…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Feb. 1, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. The market…
With the market continuing to drop, I am recommending we roll our S&P 500 (SPX) put down again. And this time around, I am recommending we roll the spread lower as well. If you are not currently in a hedged position, you can initiate one now by purchasing the lower-strike put or put spread. Just…
Chewy (CHWY) is holding above $100, but I do not want to risk being assigned shares given current market conditions. Let’s book a large profit now. Current Stock Price: $102.51 Cash in Hand: $2.22 Action: Buy to close the CHWY Jan Week Five (1/29) 100 Put Current Option Price: $0.41-$0.53 Recommended Limit: Set your initial…
I am recommending we roll our standalone S&P 500 (SPX) put to a lower strike to collect profits while remaining hedged. If you are not currently in a hedged position, you can initiate one now by purchasing the lower-strike put. Just be aware that we will be tracking this as an ongoing position. Also, note…
Peloton Interactive (PTON) is still trading above our short strike, but given current market volatility and the fact that earnings are scheduled to be released next week, I want to close the position now. I will recommend another spread after earnings come out to continue to work away at our net debit. Current Stock Price:…
I am recommending we close on our Johnson & Johnson (JNJ) and Microsoft (MSFT) positions, pocketing excellent one-day profits. While we will be giving back a bit more cash than we typically would on JNJ, I don’t want to risk having to roll the position when the company is expected to announce vaccine data next…
Let’s book profits on Twitter (TWTR). We may trade the stock again after earnings come out. Current Stock Price: $51.20 Cash in Hand: $0.46 Action: Buy to close the TWTR Jan Week Five (1/29) 49 Put Current Option Price: $0.09-$0.10 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
The market is bouncing back today, giving us a chance to book an excellent profit on our Marvell Technology Group (MRVL) position. Current Stock Price: $52.50 Cost Basis: $49.11 Action: Buy to close the MRVL Jan Week Five (1/29) 52 Call for around $0.93 Sell shares at market Profit: $2.08, or $208 per 100 shares…
Williams-Sonoma (WSM) is bucking the market trend and exploding higher today. Let’s book profits now. Current Stock Price: $144.31 Cost Basis: $126.60 Action: Buy to close the WSM Feb Monthly (2/19) 135 Call for around $12.85 Sell shares at market Profit: $4.86, or $486 per 100 shares
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Microsoft (MSFT) Jan Week Five (1/29) 232.50 Put for around $1.61. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $234.87) Or… Bull Put Spread*: Sell to…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Sell to open the Micron Technology (MU) Jan Week Five (1/29) 80 Put for around $1.14. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $80.58) TRADE TWO:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our D.R. Horton (DHI) put is on track to expire worthless, allowing us to collect the maximum profit. We will likely be trading the stock again soon. And then we have Intel (INTC). We are on track to be called out of shares after fighting our way out of this position, which we entered in…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Week Four (1/22) 3450 Put and the SPX Jan Week Four (1/22) 3450/3400 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Week Four (1/22) 3450 Put and the SPX Jan Week Four (1/22) 3450/3400 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
I am recommending we accept shares of JPMorgan Chase (JPM) and will sell a call against them next week. Our Micron Technology (MU) put is on track to expire worthless, but I am recommending we roll it simply to generate more income. JPM Jan Week Four (1/22) 135 Put Current Stock Price: $133.84 Cash in…
I am recommending we book profits on our Taiwan Semiconductor Manufacturing (TSM) put rather than risk holding the position through Intel’s (INTC) earnings announcement. Current Stock Price: $133.20 Cash in Hand: $1.57 Action: Buy to close the TSM Jan Week Four (1/22) 130 Put for around $0.40 Profit: $1.17, or $117 per contract
I am recommending we book profits on our Taiwan Semiconductor Manufacturing (TSM) put rather than risk holding the position through Intel’s (INTC) earnings announcement. Current Stock Price: $133.20 Cash in Hand: $1.57 Action: Buy to close the TSM Jan Week Four (1/22) 130 Put for around $0.40 Profit: $1.17, or $117 per contract
I am recommending we roll all three of our Perpetual Income Portfolio Club positions that expire tomorrow. Note that Apple (AAPL), Corning (GLW) and Starbucks (SBUX) are scheduled to report earnings next week. While we sometimes sit earnings out, we are going to hold positions through the announcements. I believe Wall Street is going to…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the JPMorgan Chase (JPM) Jan Week Four (1/22) 135 Put for around $1. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $134.70)Â TRADE TWO: Sell to open…
I am recommending we roll our Bank of America (BAC) put out one week to avoid assignment and bring in more income. Our Chewy (CHWY) put is on track to expire worthless, but I want to roll out one week to bring in a big chunk of cash. BAC Jan Week Four (1/22) 32.50 Put…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Jan Week Four (1/22) 130 Put for around $1.57. You can go as low as $1.45, but please don’t start there and always use limit orders. (Current stock price: $131.65) TRADE TWO: Sell to…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
We were assigned shares of Apple (AAPL) and Starbucks (SBUX) last week, so I am recommending calls to sell against them today. If you are not currently in an AAPL and/or SBUX position, you will need to buy 100 shares of the stock first for every call you plan to sell to make sure your…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Jan Monthly (1/15) 130 Put Apple (AAPL) traded slightly lower this week. We did get positive news that Taiwan Semiconductor Manufacturing (TSM) posted record fourth-quarter earnings, which management said was due in part to the launch of the iPhone…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Monthly (1/15) 3150 Put and the SPX Jan Monthly (1/15) 3250/3200 Put Spread — are on track to expire worthless, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these hedges…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Monthly (1/15) 3150 Put and the SPX Jan Monthly (1/15) 3250/3200 Put Spread — are on track to expire worthless, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these hedges…
I am recommending we roll our Starbucks (SBUX) put out two weeks to bring in more income and reduce our net debit. Our Williams-Sonoma (WSM) shares are on track to be called away after a sharp move higher. Of course, this came after a sharp drop that prompted us to roll our call strike down…
While we could close the Marvell Technology Group (MRVL) covered call position now at a profit, I’d rather keep the trade going by rolling out two weeks and to a higher strike. This will bring in more income and give us the opportunity to capture more potential appreciation. Current Stock Price: $50.70 Cost Basis: $49.99…
Our Chewy (CHWY) call is deep in the money after the run up in the stock over the past two days. Rather than allow our shares to be called away, I am recommending we roll our call out two weeks and to a higher strike. This will bring in more income and give us the…
Let’s pocket profits on our Chewy (CHWY), D.R. Horton (DHI) and General Motors (GM) positions, earning excellent rates of return. Â CHWY Jan Monthly (1/15) 105 Put Current Stock Price: $112.57 Cash in Hand: $1.09 Action: Buy to close the CHWY Jan Monthly (1/15) 105 Put Current Option Price: $0.07-$0.13 Recommended Limit: Set your initial limit…
Timing in everything, as they say, in life and in trading. Both Chewy (CHWY) and General Motors (GM) are up big since we sold puts on them yesterday. Therefore, I am recommending we ladder the positions up, moving to higher strikes but keeping the expiration date the same. This will increase our cash in hand…
While I didn’t host a Live Trading Session today, I am introducing three new trades — two new puts and a buy-write. Each of the stocks we are trading today should be familiar to members, as we have successfully traded them in the past. First, is a put trade on one of my favorite income…
I am introducing two new stocks to the Perpetual Income Portfolio Club today. We are moving on from Applied Materials (AMAT) and Target (TGT) and replacing them with Corning (GLW) and Starbucks (SBUX). While AMAT and TGT are both great companies, I believe our new additions offer much better income generation potential. I recorded a…
The start of a new year is always a good time to take a breath and assess your portfolio. After considering ours, I have decided to move on from two of our current names and replace them with new stocks next week. There’s nothing wrong with these companies — their stories have not changed. But…
I am recommending we roll our Intel (INTC) call out two weeks and to a higher strike. If we are called away, we will have a breakeven trade after digging ourselves out of a big hole. Current Stock Price: $51.74 Cost Basis: $52.90 Action: Buy to close the INTC Jan Week Two (1/8) 50.50 Call…
Our Lululemon Athletica (LULU), Peloton Interactive (PTON) and Square (SQ) spreads are on track to expire worthless. We will book a profit on SQ. And I will recommend another LULU and PTON spread in the near future as we continue to work down our net debits on the positions. Our Starbucks (SBUX) position continues to…
Download Presentation Slides See the Income Masters Bullpen list here.
I am recommending we roll our Apple (AAPL) put out one week to generate more income. If you are not currently in an AAPL position, you can enter one now be selling the Jan. 15 put. No action is needed on our Applied Materials (AMAT) Dec Week Four (12/24) 87 Call, Chewy (CHWY) Jan Week…
As expected, Corning (GLW) found support and is climbing back up. If ever a position demonstrated there is nothing wrong with selling an in-the-money-put, this is it! Let’s book profits now. Current Stock Price: $37.41 Cash in Hand: $1.54 Action: Buy to close the GLW Jan Monthly (1/15) 37 Put Current Option Price: $0.46-$0.48 Recommended…
Let’s continue booking profits today by closing our Crocs (CROX) and Herman Miller (MLHR) positions. CROX Jan Monthly (1/15) 70 Call Current Stock Price: $66.61 Cost Basis: $62 Action: Buy to close the CROX Jan Monthly (1/15) 70 Call for around $1.28 Sell shares at market Profit: $3.33, or $333 per 100 shares Rate of…
Today’s market runup gives us the opportunity to book excellent short-term profits on Bank of America (BAC) and General Motors (GM). We will likely trade these names again soon. BAC Jan Week Two (1/8) 30 Put Current Stock Price: $32.36 Cash in Hand: $0.42 Action: Buy to close the BAC Jan Week Two (1/8) 30…
Williams-Sonoma (WSM) is struggling but appears to have found support. I am recommending we roll our call down 10 points to generate more income. This will lower our cost basis and result in a profit if shares are called away. Current Stock Price: $106.26 Cost Basis: $105.95 Action: Buy to close the WSM Jan Monthly…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Micron Technology (MU) is set to announce earnings this week. I am recommending we book profits on our position now and start the new year off on the right foot with an excellent rate of return. Current Stock Price: $74.43 Cash in Hand: $2.80 Action: Buy to close the MU Jan Week Two (1/8) 70…
We have positions in Intel (INTC), Morgan Stanley (MS) and Micron Technology (MU) expiring tomorrow. With our INTC call deep in the money, I am recommending we accept shares and will sell a call against them in the new year. Let’s book fast profits on the MS position, earning an excellent rate of return. And…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Welcome to the Six-Figure Portfolio Coaching Program! Here is your Six-Figure Portfolio Coaching class schedule. On the day of each event, you’ll receive an email invitation to join me from our webinar platform, Zoom. https://us02web.zoom.us/webinar/register/WN_h4IBM5olTcKf357UgvhjEg Live Boot Camp: All Sessions @ 7 p.m. EST January 18-20 Live Coaching: All Sessions @ 7 p.m. EST Monday,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE*: Sell to open the Williams-Sonoma (WSM) Jan Monthly (1/15) 115 Call for around $2.05. (New cost basis: $105.95) *We own shares of WSM uncovered from a previous trade. If you are new to the position, be sure to buy 100 shares of…
I am recommending we roll our S&P 500 (SPX) standalone put down to pocket some cash. If you are not currently hedged and want to be, you can buy the SPX Jan Monthly (1/15) 3150 Put. Just be aware that we will continue to track this as an ongoing position. And if you are new…
Our Apple (AAPL) and Chewy (CHWY) puts expired worthless on Friday. I am recommending new puts to sell today. We were assigned shares of Applied Materials (AMAT) last week and our Target (TGT) call expired worthless. Therefore, we are selling calls on these stocks today. If you are not currently in an AMAT and/or TGT…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Dec Monthly (12/18) 121 Put Apple (AAPL) jumped Tuesday after it was reported the company plans to produce up to 96 million iPhones in the first half of 2021. That would be an almost 30% increase over the first…
We have positions in D.R. Horton (DHI), Peloton Interactive (PTON), Starbucks (SBUX) and Williams-Sonoma (WSM) expiring today. We are currently on track to be called out of our DHI shares. If we are, we will book a small profit of $0.26, or $26 per contract. If, however, shares close below our strike, our call will…
Crocs (CROX) is currently trading below the strike price of our put. As I said when we initiated the trade, I am willing to accept shares and sell calls. If we are assigned, we will have a cost basis of $63.95. However, if shares close above $65, our put will expire worthless. In this case,…
I am recommending we roll our Intel (INTC) and Micron Technology (MU) puts. INTC Dec Monthly (12/18) 50 Put Current Stock Price: $49.52 Net Debit: $3.76 Action: Buy to close the INTC Dec Monthly (12/18) 50 Put for around $0.54 Sell to open the INTC Dec Week Four (12/24) 50 Put for around $0.94 Set…
Our most recent S&P 500 (SPX) hedges — the SPX Dec Monthly (12/18) 3000 Put and the Dec Monthly (12/18) 3000/2975 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these hedges…
Let’s book profits on D.R. Horton (DHI). The spread between the bid and the ask is wide, so work your limit orders as needed. Current Stock Price: $73.82 Cash in Hand: $2.26 Action: Buy to close the DHI Dec Monthly (12/18) 72.50 Put Current Option Price: $0.30-$0.53 Recommended Limit: Set your initial limit order at…
Herman Miller (MLHR) is expected to announce earnings tomorrow, so I am recommending we close our put position now at a profit. Current Stock Price: $39.90 Cash in Hand: $1 Action: Buy to close the MLHR Dec Monthly (12/18) 35 Put Current Option Price: $0.55-$0.60 Recommended Limit: Set your initial limit order at $0.60, but…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Apple (AAPL) and Applied Materials (AMAT) puts expired worthless on Friday, so I am recommending new ones today. And we were assigned shares of Target (TGT), so I am recommending a call to sell. If you are not currently in a TGT position, you will need to buy 100 shares of the stock first…
Let’s book profits on Marvell Technology Group (MRVL). Current Stock Price: $44.01 Cash in Hand: $1.33 Action: Buy to close the MRVL Dec Monthly (12/18) 43 Put Current Option Price: $0.38-$0.39 Recommended Limit: Set your initial limit order at $0.39, but adjust as needed to close today Profit: $0.94, or $94 per contract Rate of…
Chewy (CHWY) delivered excellent quarterly results this week, beating on both the top and bottom line. Revenue for its fiscal third quarter surged 45% year over year to $1.78 billion, while the per-share loss of $0.08 was narrower than expected. The company said it had 17.8 million active customers, up nearly 40% from a year…
Our Zoom Video Communications (ZM) Dec Week Two (12/11) 350/340 Put Spread is on track to expire worthless for a maximum profit. We will look to sell another spread on this pandemic favorite soon. Current Stock Price: $395.67 Cash in Hand: $0.85 Action: Watch spread expire worthless Profit: $0.85, or $85 per contract
We have positions in CVS Health (CVS), Marvell Technology Group (MRVL) and Peloton Interactive (PTON) expiring today. Our CVS put is on track to expire worthless with a small profit. We will simply watch it do so. I want to take a pause after successfully digging ourselves out of a big hole, but we may…
I am recommending we ladder up our Intel (INTC) put to bring in more income and reduce our net debit on the position. Current Stock Price: $50.58 Net Debit: $4.30 Action: Buy to close the INTC Dec Week Two (12/11) 49.50 Put for around $0.07 Sell to open the INTC Dec Monthly (12/18) 50 Put…
I am recommending we open a new spread on Peloton Interactive (PTON) to reduce our net debit on the position. However, you can enter today’s spread even if you were not in the previous one. Just be aware that we will be managing and tracking it as an ongoing position. If you are new to…
I was hoping for a bounce in D.R. Horton (DHI) before selling calls on our uncovered shares, but it has not materialized. I am recommending an out-of-the-money call to reduce our cost basis on the position. If you are not currently in a DHI position, you can sell today’s call. Just be sure to buy…
General Motors (GM) is up around 1% today, giving us a chance to book profits on our rolled position. Current Stock Price: $44.26 Cash in Hand: $0.95 Action: Buy to close the GM Dec Week Two (12/11) 44 Put Current Option Price: $0.43-$0.44 Recommended Limit: Set your initial limit order at $0.44, but adjust as…
Let’s take profits off the table on our Apple (AAPL), Corning (GLW), Peloton Interactive (PTON) and Taiwan Semiconductor Manufacturing (TSM) positions. In addition to booking excellent profits, we’ll free up capital for Income Madness, which kicks off today at noon Eastern. AAPL Dec Monthly (12/18) 120 Put Current Stock Price: $125.14 Cash in Hand: $1.82…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low…
We have three new positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session, including the addition of our newest stock, Apple (AAPL). You can watch a recording of the session here. What can I say about Apple? How about that it’s the most profitable company in the world? Or…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Dec. 7, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Below I…
Our Microsoft (MSFT), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on MSFT, ROKU and SQ. And I will recommend another PTON spread in the near future as we continue to work down our net debit on the position. MSFT Dec Week One…
We have put positions in Advanced Micro Devices (AMD), Chewy (CHWY), D.R. Horton (DHI) and Peloton Interactive (PTON) expiring today. I am recommending we book profits on AMD and allow our CHWY put to expire worthless. Note that Chewy is expected to announce earnings on Dec. 8. Be mindful of that if you are trading…
We have put positions in Advanced Micro Devices (AMD), Chewy (CHWY), D.R. Horton (DHI) and Peloton Interactive (PTON) expiring today. I am recommending we book profits on AMD and allow our CHWY put to expire worthless. Note that Chewy is expected to announce earnings on Dec. 8. Be mindful of that if you are trading…
Let’s pocket fast profits on our Crocs (CROX) covered call position rather than leave them on the table and at the mercy of headlines. I’m very happy with the way our first buy-write trade in some time worked out. I am also recommending we roll our General Motors (GM) put one week to avoid potential…
Let’s pocket fast profits on our Crocs (CROX) covered call position rather than leave them on the table and at the mercy of headlines. I’m very happy with the way our first buy-write trade in some time worked out. I am also recommending we roll our General Motors (GM) put one week to avoid potential…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Dec Monthly (12/18) 100 Put for around $3.05. You can go as low as $2.85, but please don’t start there and always use limit orders. (Current stock price: $100.26) TRADE TWO: Sell to open…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Dec Monthly (12/18) 100 Put for around $3.05. You can go as low as $2.85, but please don’t start there and always use limit orders. (Current stock price: $100.26) TRADE TWO: Sell to open…
Let’s book excellent profits on our Micron Technology (MU) and Peloton Interactive (PTON) puts. MU Dec Week One (12/4) 66.50 Put Current Stock Price: $70.65 Cash in Hand: $1.04 Action: Buy to close the MU Dec Week One (12/4) 66.50 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but…
