There was no Options Income Blueprint Live Trading Session this week, as I did not want to take on any undue risk by putting on new positions ahead of the Federal Reserve meeting. This was decidedly the right move. Although the Fed raised rates 0.75 basis points as expected, stocks have sold off sharply. Clearly,…
Given the market’s continued sell-off today, I am recommending we roll our protective puts on Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…
Given the market’s continued sell-off today, I am recommending we again roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Sep Week Five (9/30) 53 Put for around $0.58. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $59.76) TRADE TWO: Sell to open…
I am recommending we roll our protective puts on Advanced Micro Devices (AMD) to a lower strike price while keeping the expiration date the same. This allows us to keep our hedge in place while taking some profits off the table. The profit we book will reduce our cost basis on the position. Note: No…
I am recommending we roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) to lower strike prices while keeping the expiration date the same. This allows us to keep our hedges in place while taking some profits off the table. The profits we book will reduce our cost basis on the…
Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our leveraged recovery positions in Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) by purchasing puts. Note that these are purely…
Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) positions by purchasing puts. Note that these are purely defensive positions. The goal…
We are on track to be assigned shares of Applied Materials (AMAT). The market sell-off this week and over the past month has been particularly unkind to the semiconductor sector. Fears of still-hot inflation and further aggressive rate hikes by the Federal Reserve have hit stocks like AMAT hard. As you know, I am bullish…
Our Walgreens Boots Alliance (WBA) Sep Monthly (9/16) 37 Call is on track to expire worthless. We will simply watch it do so. The stock has sold off more than the broader market over the past month. It has also underperformed its closest peer, CVS Health (CVS). It’s possible we will end up taking a…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Roku (ROKU) Sep Week Five (9/30) 60 Put for around $0.74. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $73.07) Download Presentation Slides
I am recommending we close The Trade Desk (TTD) put with a small profit. While the put is currently out of the money, I think it’s best to play it safe rather than risk having to roll the position out a week and contend with next week’s Federal Reserve meeting. Current Stock Price: $62.98 Cash…
I am recommending we roll our Bank of America (BAC) put to generate more income and reduce our net debit on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based…
The market sell-off this week and over the past month has been particularly unkind to the semiconductor sector. Fears of still-hot inflation and further aggressive rate hikes by the Federal Reserve have hit stocks like Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) hard. As you know, I am bullish on the chip sector…
I am recommending we roll our Mosaic (MOS) and Nike (NKE) puts. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on the actual size of the rate hike and the Fed’s…
I am recommending we roll our Apple (AAPL), Moderna (MRNA) and Micron Technology (MU) calls out two weeks to generate more income and reduce our cost basis on the positions. With MRNA and MU, we will be lowering our strike prices in return for large chunks of cash. AAPL Sep Monthly (9/16) 160 Call Current…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread out two weeks and to a higher strike price. This will allow us to capture more potential appreciation while generating some income to reduce our cost basis on the position. Note: No action is needed on the TGT Jan 2024…
I am recommending we roll our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI) puts. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on the actual size of the rate…
First Solar (FSLR) hit a new 52-week high above $140 yesterday despite the brutal sell-off in the broader market after the release of the August consumer price index. It continues to benefit from positive sentiment following the passage of the major climate change bill. While shares pulled back below $136 today, they remain well above…
I am recommending we roll our Citigroup (C) call to a higher strike price to capture more potential appreciation, as well as generate more income to reduce our cost basis on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts out two weeks to generate more income and reduce our net debits on the positions. The net debits are sizeable, but these are core stocks that we are in for the long haul. I want to continue trading them every week…
I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) calls out two weeks and to higher strike prices. With DIS, we will be picking up some more income in addition to potential appreciation. With KR, this is a cash-neutral roll based on the current midpoints. However, adjust your limit order as…
I am recommending we roll our Pfizer (PFE) call to generate more income and reduce our cost basis on the position. The stock is dirt-cheap compared to the market and the pharmaceutical sector. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates…
I am recommending we roll our Pfizer (PFE) call to generate more income and reduce our cost basis on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on the…
I am recommending we roll our Charles Schwab (SCHW) put to generate more income and reduce our net debit on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on…
This is definitely the kind of market where you want to take the money and run, so let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $72.17 Cash in Hand: $0.53 Action: Buy to close the DVN Sep Monthly (9/16) 67 Put Current Option Price: $0.12-$0.14 Recommended Limit: Set your initial…
Let’s book fast profits on our Starbucks (SBUX) put, earning a 0.6% return in two days, or 117% annualized. Current Stock Price: $91.57 Cash in Hand: $0.60 Action: Buy to close the SBUX Sep Monthly (9/16) 84 Put for around $0.06, but adjust as needed to close today Profit: $0.54, or $54 per contract
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Starbucks (SBUX) Sep Monthly (9/16) 84 Put for around $0.60. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $86.87) Download Presentation Slides
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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 your limit orders but exercise patience and…
I am recommending we sell a put on The Trade Desk (TTD), a stock we have traded successfully a number of times already this year. The company specializes in real-time programmatic marketing automation technologies, products and services that are designed to personalize digital content delivery to users, similar to DoubleClick by Google and Facebook Ads.…
I am recommending we book fast profits on our Bristol-Myers Squibb (BMY), CVS Health (CVS) and Marathon Petroleum (MPC) puts, earning annualized rates of return of 138%, 88% and 44%, respectively. BMY Sep Monthly (9/16) 67.50 Put Current Stock Price: $70.36 Cash in Hand: $0.89 Action: Buy to close the BMY Sep Monthly (9/16) 67.50…
The premium on our Zoom Video Communications (ZM) spread has fallen by nearly two-thirds since we put the trade on yesterday. Let’s book profits now, earning a 7% return in two days, or an outstanding 1,278% annualized. Current Stock Price: $82.91 Cash in Hand: $0.32 Action: Buy to close the ZM Sep Monthly (9/16) 73…
I am recommending a call to sell against our Target (TGT) LEAP to generate income and reduce our cost basis on the position. Note: No action is needed on the TGT Jan 2024 Monthly (1/19/24) 150 Call at this time. Current Stock Price: $169.61 Cost Basis: $50.30 Action: Sell to open the TGT Sep Monthly…
I am recommending we roll our Best Buy (BBY) put out one week to generate more income. We have a large net debit on the position. But the company’s recent earnings report convinced me that demand for the retailer’s products has stabilized after a post-pandemic slowdown. Therefore, I want to continue to trade the stock.…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Sep Monthly (9/16) 100 Put for around $0.92. You can go as low as $0.83, but please don’t start there and always use limit orders. (Current stock price: $101.18) TRADE TWO: Sell to open Bristol-Myers Squibb…
We were assigned shares of Apple (AAPL) and Moderna (MRNA) last week, Today, I am recommending calls to sell against those shares to reduce our cost basis on the positions. Apple unveiled new products at its annual iPhone event this week, including the iPhone 14, new AirPods and several new Apple Watches. There weren’t any…
Our SPDR S&P Biotech ETF (XBI) put expired worthless last week. I am recommending a new put to sell to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will…
The premium on our Starbucks (SBUX) spread has fallen to a nickel. Let’s book profits now rather than tie up the capital for another week. By doing so, we’ll earn a 6.4% return in three days, or 779% annualized. Current Stock Price: $89.03 Cash in Hand: $0.21 Action: Buy to close the SBUX Sep Monthly (9/16)…
I am recommending we close our Delta Air Lines (DAL) put with a small loss. As I said when we put on the position, I want to trade airline stocks anecdotally rather than for the long term. This is due to my belief that the stocks in this sector are fairly to overvalued based on…
We also have an opportunity to exit our United Airlines (UAL) put. The position did not work out as well as originally hoped. But, by rolling, we were able to avoid a loss and walk away with a small profit. Current Stock Price: $39.36 Cash in Hand: $0.32 Action: Buy to close the UAL Sep…
I am recommending we book fast profits on our Roku (ROKU) put, earning a 0.6% return in two days, or 106% annualized. Current Stock Price: $65.13 Cash in Hand: $0.70 Action: Buy to close the ROKU Sep Monthly (9/16) 55 Put for around $0.38, but adjust as needed to close today Profit: $0.32, or $32…
First Solar (FSLR) continues to rally, up more than 15% over the past two weeks, following the passage of major climate change legislation. Our put is well out of the money and trading for a few pennies. I am recommending we roll it out one week and to a higher strike price to generate more…
I am recommending we roll our General Motors (GM) and Charles Schwab (SCHW) puts out one week to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s GM trade even if you were not in the previous one. Just be aware that we will be…
Let’s take advantage of today’s rally by booking fast profits on our Block (SQ) put, earning a triple-digit annualized rate of return. We’ll also be freeing up capital for new trades. Keep an eye on your inbox, as we may put on a new position via alert this week. Current Stock Price: $66.46 Cash in…
Let’s book profits on our Crocs (CROX) put, earning a 0.9% return in nine days, or 37% annualized. Current Stock Price: $75.08 Cash in Hand: $1.10 Action: Buy to close the CROX Sep Monthly (9/16) 65 Put for around $0.50, but adjust as needed to close today Profit: $0.60, or $60 per contract
The short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) LEAP call recovery positions expired worthless last week. I am recommending new calls to sell today to reduce our cost basis on the positions. 3 AMD Jan 2023 (1/20/23) 70 Calls Current Stock Price: $78.73 Cost Basis: $112.24 Action: Sell to…
We accepted shares of Walgreens Boots Alliance (WBA) last week. I am recommending a call to sell to reduce our cost basis on the position. The goal is to capture income as well as potential appreciation. Current Stock Price: $35.80 Cost Basis: $44.13 Action: Sell to open the WBA Sep Monthly (9/16) 37 Call for around…
We accepted shares of Walt Disney (DIS) last week. I am recommending a call to sell to reduce our cost basis on the position. While our cost basis remains well above the current share price, I explained in the previous alert that Disney is a fundamentally solid company that investors should not worry about owning…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Sep Monthly (9/16) 55 Put for around $0.70. You can go as low as $0.62, but please don’t start there and always use limit orders. (Current stock price: $64.36) TRADE TWO: Sell to open Marathon Petroleum (MPC)…
We accepted shares of Pfizer (PFE) last week. I am recommending a call to sell to reduce our cost basis on the position. If you are not currently in the PFE position, you can enter one today via a buy-write. To do so, you must first buy 100 shares of the stock for every call…
We accepted shares of core stock Pfizer (PFE) last week. I am recommending a call to sell to reduce our cost basis on the position. If you are not currently in the PFE position, you can enter one today via a buy-write. To do so, you must first buy 100 shares of the stock for…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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 your limit orders but exercise patience and…
We accepted shares of core stock Citigroup (C) last week. I am recommending a call to sell to reduce our cost basis on the position. If you are not currently in the Citigroup position, you can enter one today via a buy-write. To do so, you must first buy 100 shares of the stock for…
The protective put we purchased on Best Buy (BBY) to hedge against earnings risk is on track to expire worthless. The stock rallied following the company’s earnings beat despite a 13% year-over-year sales decline in the fiscal second quarter. Management acknowledged the challenges it faces ahead and said it anticipates a sharper decline in same-store…
The short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) recovery spread positions are on track to expire worthless. After a strong July, the chip sector was hit hard in August on concerns about falling demand. As you know, I take a long-term view of the industry and think these fears…
The short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads are on track to expire worthless. We will simply watch them do so. We recently reconstructed the TGT trade to bring it in line with the current share price. We may need to do something similar with SMH, closing…
Let’s keep the profits rolling in by exiting our CVS Health (CVS) put. In addition to earning a 0.8% return in two days, or 150% annualized, we’ll reduce our risk ahead of the long weekend and free up capital for new trades next week. Current Stock Price: $101 Cash in Hand: $1.52 Action: Buy to…
Let’s take advantage of today’s rally in Devon Energy (DVN) to book fast profits on our put position. In addition to earning a solid annualized rate of return, this will remove some risk before the long weekend and free up capital for new trades next week. Current Stock Price: $70.60 Cash in Hand: $0.70 Action:…
The premium on our Netflix (NFLX) spread has fallen to around a dime. Let’s book profits now, earning a 3.8% return in nine days, or 154% annualized. I am also recommending we book profits on our Visa (V) put. We’ll earn 0.3% in four days, or 26% annualized. While this is on the low side…
We have puts on Apple (AAPL), Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) expiring today. AAPL has sold off with the rest of the tech sector. As I said when we put on the position, the plan was to accept shares if the call was in the money heading into expiration. I will be…
Our Pfizer (PFE) and Walgreens Boots Alliance (WBA) puts are deep in the money following the market’s sharp pullback over the past two weeks. PFE rallied on Thursday following news the Food and Drug Administration granted emergency use authorization (EUA) for omicron booster shots from Pfizer and Moderna (MRNA), which target the most common COVID-19…
Our Walt Disney (DIS) Sep Week One (9/2) 120 Put is deep in the money following the market’s sharp pullback over the past two weeks. While our cost basis will be well above the current share price after factoring in our net debit, this is not the kind of stock you should worry about owning…
Our Citigroup (C) and Pfizer (PFE) puts are deep in the money following the market’s sharp pullback over the past two weeks. PFE rallied on Thursday following news the Food and Drug Administration granted emergency use authorization (EUA) for omicron booster shots from Pfizer and Moderna (MRNA), which target the most common COVID-19 strains. This…
While there is no live trading today, I want to put on one new position – an in-the-money CVS Health (CVS) put. I believe the sell-off, due to the general market downturn and concerns about a falloff in COVID-19 vaccinations, is overdone. Our next Live Trading Session will be held Tuesday, Sept. 6, at noon…
I am recommending we roll our Nike (NKE) and United Airlines (UAL) puts out two weeks to avoid assignment, generate more cash and buy some time for shares to recover. With UAL we will be giving back some cash to lower our strike, thus reducing our exposure. NKE Sep Week One (9/2) 110 Put Current…
I am recommending we roll our Delta Air Lines (DAL) put out one week and to a lower strike to avoid assignment and buy ourselves some time for the stock to recover. We will be giving back some cash to do so, but we are reducing our exposure with the lower strike price. I am…
As I said in the previous alert, semiconductor stocks were hit in the second half of August on concerns about how a potential recession will impact demand from the automotive and industrial end markets in addition to consumer electronics. I believe these fears are overblown. Like Micron Technology (MU), Applied Materials (AMAT) is significantly undervalued…
Semiconductor stocks were hit in the second half of August on concerns about how a potential recession will impact demand from the automotive and industrial end markets in addition to consumer electronics. I believe these fears are overblown. The world will always need more chips, and Micron Technology (MU) and other chip companies are significantly…
Kroger Co. (KR) has pulled back with the broader market over the past week and a half. I am recommending we roll our call out two weeks to generate more income and reduce our cost basis on the position. Current Stock Price: $47.89 Cost Basis: $54.87 Action: Buy to close the KR Sep Week One…
I am recommending we roll our Bank of America (BAC) put out two weeks to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it…
Let’s book fast profits on Roku (ROKU), which is up around 6% today, for a huge annualized rate of return. I also want to exit our position on The Trade Desk (TTD). While we did not hit our rate of return goal on this one, I’d rather play it safe than risk rolling this…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Visa (V) Sep Week Two (9/9) 192.50 Put for around $1.03. You can go as low as $0.91, but please don’t start there and always use limit orders. (Current stock price: $201.80) TRADE TWO: Sell to open Crocs (CROX)…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
Best Buy (BBY) is expected to announce earnings tomorrow. The put we sold is in the money, although it does not expire until Sept. 9. Rather than close the position and re-enter it after earnings, I am recommending we buy a protective put to hedge the position. Ideally, Best Buy will meet or exceed analyst…
Let’s book fast profits on our Zoom Video Communications (ZM) spread. Current Stock Price: $84.84 Cash in Hand: $0.43 Action: Buy to close the ZM Sep Week Two (9/9) 70 Put for around $0.31 Sell to close the ZM Sep Week Two (9/9) 65 Put for around $0.10 Set initial debit limit at $0.21, but adjust as needed to close today Profit: $0.22,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Applied Materials (AMAT) Sep Week One (9/2) 99 Put for around $0.90. You can go as low as $0.82, but please don’t start there and always use limit orders. (Current stock price: $103.99) TRADE TWO*: Sell to open the…
Let’s book fast profits on our Roku (ROKU) put. Current Stock Price: $71.12 Cash in Hand: $1.65 Action: Buy to close the ROKU Sep Monthly (9/16) 60 Put Current Option Price: $1.20-$1.24 Recommended Limit: Set your initial limit order at $1.22, but adjust as needed to close today Profit: $0.43, or $43 per contract Rate…
I am recommending we roll our Delta Air Lines (DAL) and The Trade Desk (TTD) puts out one week and to lower strike prices. This will reduce our exposure and hopefully buy us the necessary time to exit the positions at a profit next week. DAL Aug Week Four (8/26) 33 Put Current Stock Price:…
Micron Technology (MU) has been hit by the sell-off in tech stocks, and our call is well out of the money. Let’s roll it out one week and to a lower strike price to generate more income and reduce our cost basis on the position. Current Stock Price: $58.03 Net Debit: $67.18/$70.63 Action: Buy to…
I am recommending we roll our United Airlines (UAL) put out one week and to a lower strike to reduce our chances of being assigned shares. At the current midpoints, this is a roughly cash-neutral roll, but adjust your limit accordingly to roll the put. This will hopefully buy us the necessary time to exit…
I am recommending we roll our Bank of America (BAC) put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of the BAC trade even if you were not in the previous one. Just be aware that we will be managing and tracking…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Sep Week One (9/2) 165 Put for around $2.03. You can go as low as $1.92, but please don’t start there and always use limit orders. (Current stock price: $167.72) TRADE TWO*: Sell to open the Zoom…
I am recommending we roll our Best Buy (BBY) and First Solar (FSLR) puts out two weeks to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will be managing…
I am recommending a new bull put spread on Expedia (EXPE) to generate income and reduce our net debit in the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that the option price 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 your limit orders but exercise patience…
I am recommending we roll our General Motors (GM) and Charles Schwab (SCHW) puts to higher strike prices to generate more income and reduce our net debits on the positions. Note that we are rolling both positions out to the Sept. 9 expiration. You can enter the second leg of today’s trades even if you…
It’s time to reconstruct our Target (TGT) LEAP call spread, which will require putting more capital to work. The stock topped out in November 2021, falling on interest rate fears and economic concerns. In May, shares sold off dramatically following a big first-quarter earnings miss. Luckily, we had a protective put in place, which allowed…
Walgreens Boots Alliance (WBA) sold off this week after a federal judge ruled that it, along with CVS Health (CVS) and Walmart (WMT), must pay $650 million to two Ohio counties. The jury in the case found them partially responsible for contributing to the state’s opioid epidemic. Walgreens is facing similar lawsuits in other states.…
Kroger Co. (KR) has moved higher along with other retail stocks in recent weeks, pushing our call into the money. I am recommending we spend a little cash to roll out two weeks and to a higher strike price to pick up another $1 per share in potential appreciation. Current Stock Price: $49.94 Cost Basis:…
Our Expedia (EXPE) Aug Monthly (8/19) 90/85 Put Spread is on track to expire worthless. We will simply watch it do so. I will recommend a new spread soon to generate more income and reduce our net debit on the position. Current Stock Price: $108.52 Net Debit: $4.80 Action: Watch spread expire worthless
Moderna (MRNA) is selling off after a big run-up in July through its early August high. The downturn accelerated this week, likely due in part to news that Chief Financial Officer David Meline is stepping down, as well as the Biden administration’s plans to stop paying for COVID-19 vaccines and treatments. Shifting responsibility to individuals…
Best Buy (BBY) has shown strength over the past month, as big-box retailers have signaled in recent earnings reports that the worst of it may be behind them. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. Note that the company is…
I am recommending we roll our Micron Technology (MU) and VanEck Vectors Semiconductor ETF (SMH) calls to reduce our cost basis on the positions. MU Aug Monthly (8/19) 64 Call Current Stock Price: $62.84 Cost Basis: $67.88/$71.33 Action: Buy to close the MU Aug Monthly (8/19) 64 Call for around $0.17 Sell to open the…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Nike (NKE) and SPDR S&P Biotech ETF (XBI) puts to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that…
I am recommending we roll the short leg of our Taiwan Semiconductor Manufacturing (TSM) recovery position out two weeks and to a higher strike to generate more income and capture more potential appreciation. Note: No action is needed on the TSM Jan 2023 (1/20/23) 70 Calls at this time. Current Stock Price: $89.65 Cost Basis:…
I am recommending we roll our Pfizer (PFE) put out two weeks to avoid potential assignment, generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking…
I am recommending we roll our Pfizer (PFE) put out two weeks to avoid potential assignment, generate more income and reduce our net debit on the position. Current Stock Price: $49.09 Net Debit: $1.79 Action: Buy to close the PFE Aug Monthly (8/19) 50 Put for around $0.97 Sell to open the PFE Sep Week…
Walt Disney (DIS) is up around 13% since the company reported a positive earnings surprise a week ago. I am recommending we roll our put out two weeks to generate more income and reduce our net debit on the position. Current Stock Price: $122.58 Net Debit: $15.82 Action: Buy to close the DIS Aug Monthly…
The trade I recommended a few minutes ago in Applied Materials (AMAT) failed to take into account that earnings are expected after the close today. The stock is up since the alert went out and we can close now with a small profit. This is the prudent move rather than risk holding through the announcement.…
I am recommending we roll our Citigroup (C) and General Motors (GM) puts out two weeks and to lower strike prices to generate more income and reduce our net debit on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that…
There was no live trading this week, and I held off putting on new trades to see if the market would react to the Federal Reserve meeting minutes. With that out of the way, I am recommending two new trades. TRADE ONE: Sell to open Applied Materials (AMAT) Sep Week One (9/2) 100 Put for…
There was no live trading this week, and I held off putting on new trades to see if the market would react to the Federal Reserve meeting minutes. With that out of the way, I have two new trades on stocks we’ve traded successfully past. Please do not chase the trades by accepting less premium…
Let’s book a fast profit on our Roku (ROKU) put, earning 0.7% in six days, or 43% annualized. While our put is well out of the money, this is a volatile stock that could see an outsized move tomorrow if the market responds negatively to the Federal Reserve’s meeting minutes. Current Stock Price: $84.10 Cash…
Let’s book a fast profit on our Apple (AAPL) put, earning 0.8% in six days, or 46% annualized. Current Stock Price: $172.25 Cash in Hand: $1.66 Action: Buy to close the AAPL Aug Monthly (8/19) 167.50 Put for around $0.38, but adjust as needed to close today Profit: $1.28, or $128 per contract
Let’s book fast profits on our Novavax (NVAX) put, earning an excellent annualized rate of return. Current Stock Price: $41.37 Cash in Hand: $0.47 Action: Buy to close the NVAX Aug Monthly (8/19) 35 Put Current Option Price: $0.20-$0.21 Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today…
The premium on our Netflix (NFLX) spread has fallen by half. Let’s book profits now, earning a 4% return in five days, or 292% annualized. Current Stock Price: $249.79 Cash in Hand: $0.40 Action: Buy to close the NFLX Aug Week Four (8/26) 215 Put for around $0.60 Sell to close the NFLX Aug Week…
We were called out of our Walt Disney (DIS) shares last week, incurring a large net debit. The stock is up around 7% since the company reported a positive earnings surprise thanks to better-than-expected streaming subscriber numbers for its Disney+ service. Management did reduce its 2024 subscriber guidance, but new price hikes across its various…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Aug Monthly (8/19) 167.50 Put for around $1.66. You can go as low as $1.56, but please don’t start there and always use limit orders. (Current stock price: $169.14) TRADE TWO: Sell to open Roku (ROKU) Aug…
Novavax (NVAX) ran up last month as the Food and Drug Administration authorized the use of its COVID-19 vaccine for use in adults in the United States. It has since pulled back, including a sharp sell-off this week after the company cut its full-year revenue forecast on lower-than-expected demand for its COVID-19 vaccine. But the…
I am recommending we roll our General Motors (GM) put out one week and to a higher strike price to generate more income and reduce our net debit on the position. You can enter the second leg of the GM trade even if you were not in the previous one. Just be aware that we…
I am recommending we roll our Bank of America (BAC), Citigroup (C) and Charles Schwab (SCHW) puts to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will be managing…
Let’s keep the profits rolling in by exiting out Microsoft (MSFT) spread, earning a 3.4% return in two days, or an astounding 621% annualized. Current Stock Price: $289 Cash in Hand: $0.26 Action: Buy to close the MSFT Aug Monthly (8/19) 260 Put for around $0.23 Sell to close the MSFT Aug Monthly (8/19) 255…
Let’s use today’s market rally to book profits on our Delta Air Lines (DAL), Block (SQ) and Valero (VLO) puts, earning annualized rates of return of 153%, 104% and 15%, respectively. DAL Aug Monthly (8/19) 31 Put Current Stock Price: $34.45 Cash in Hand: $0.35 Action: Buy to close the DAL Aug Monthly (8/19) 31…
Let’s book fast profits on our Roku (ROKU) put, earning a triple-digit annualized rate of return. I may be putting on new trades as early as this week via alert, so keep an eye on your inbox. Current Stock Price: $79.69 Cash in Hand: $0.53 Action: Buy to close the ROKU Aug Week Two (8/12)…
I am recommending we book profits on our D.R. Horton (DHI) and United Airlines (UAL) puts. DHI Aug Monthly (8/19) 70 Put Current Stock Price: $79.10 Cash in Hand: $0.62 Action: Buy to close the DHI Aug Monthly (8/19) 70 Put Current Option Price: $0.15-$0.20 Recommended Limit: Set your initial limit order at $0.18, but…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Delta Air Lines (DAL) Aug Monthly (8/19) 31 Put for around $0.35. You can go as low as $0.30, but please don’t start there and always use limit orders. (Current stock price: $32.79) TRADE TWO: Sell to open Block…
We’re going to play it a bit safe and exit our CVS Health (CVS) put. The premium had dropped by more than half with over a week and a half left till expiration. Let’s book profits now and free up capital for new trades. Current Stock Price: $103.93 Cash in Hand: $0.82 Action: Buy to…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
Let’s try this again! We rolled our Devon Energy (DVN) put last week to avoid assignment. We can close the position now with a nice profit, exceeding our 26% annualized rate of return goal. Given this is a volatile stock tied to the price of oil, I am recommending we do so. Current Stock Price:…
Sunrun (RUN) is up around 9% in the past two trading days. Over the weekend, the Senate approved a $740 billion climate, health care and tax package that includes $374 billion in climate and energy spending. The House is expected to approve the legislation this month, potentially giving solar stocks another boost Therefore, I am…
First Solar (FSLR) is up around 7% today after the Senate approved a $740 billion climate, health care and tax package that includes $374 billion in climate and energy spending. The House is expected to approve the legislation this month, potentially giving solar stocks another boost. I am recommending we roll our FSLR put out…
We were called out of our Nike (NKE) shares last week, incurring a large net debit. I want to stick with the stock. The company is fundamentally strong and will benefit from back-to-school shopping. Therefore, I am recommending a put to sell to reduce our net debit on the position. You can enter today’s trade…
The protective put we purchased on Advanced Micro Devices (AMD) prior to the company’s earnings report is on track to expire worthless, which is a good thing. The company reported quarterly results this week, beating estimates on the top and bottom lines with $6.55 billion in revenue and adjusted earnings of $1.05 per share. The…
I had planned to reset our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread. However, given the runup in the ETF over the past month, I have instead decided to recommend selling a call against the existing LEAP to reduce our cost basis on the position. We may still roll the LEAP next month depending…
Let’s book profits on our Zoom Video Communications (ZM) spread, earnings a 5.8% return on our capital in just four days, or 529% annualized. Current Stock Price: $111.45 Cash in Hand: $0.36 Action: Buy to close the ZM Aug Week Two (8/12) 95 Put for around $0.28 Sell to close the ZM Aug Week Two…
Our Nike (NKE) call is in the money and rolling will produce little cash. Therefore, I am recommending we allow our shares to be called away. I will recommend a put soon to reduce our net debit on the position. The Trade Desk (TTD) shares are also on track to be called away, allowing us…
Let’s book fast profits on our Blackstone (BX) and Roku (ROKU) puts, boosting our annualized rates of return to 42% and 94%, respectively. BX Aug Week Two (8/12) 95 Put Current Stock Price: $102.14 Cash in Hand: $0.84 Action: Buy to close the BX Aug Week Two (8/12) 95 Put for around $0.40, but adjust…
Expedia (EXPE) shares popped this morning after the company delivered better-than-expected quarterly results amid a strong rebound in travel. Revenue was up more than 50% year over year to $3.18 billion. And adjusted earnings per share of $1.96 easily beat the $1.56 a share analysts were expecting. I am recommending another spread to reduce our…
Our Walt Disney Company (DIS) Aug Week One (8/5) 100 Call is in the money and our shares are on track to be called away. The company is scheduled to report earnings next week. Other streaming companies — notably Netflix (NFLX) and Roku (ROKU) — have missed expectations. Therefore, we will wait until after the…
Devon Energy (DVN) has fallen in tandem with oil prices and our put is in the money despite today’s rally. I am recommending we roll our put out two weeks and to a lower strike price to avoid assignment and generate more income. Be aware that I may decide to close this position at breakeven…
A terrific earnings report has lit a fire under Moderna (MRNA) shares. Let’s roll our put to a higher strike to generate more income, which will flip our net debit to cash in hand. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out one week to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will be managing…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Aug Week Two (8/12) 70 Put for around $0.73. You can go as low as $0.64, but please don’t start there and always use limit orders. (Current stock price: $80.39) TRADE TWO: Sell to open CVS Health…
I am recommending we roll our Pfizer (PFE) put out two weeks to generate more income and reduce our net debit on the position. Current Stock Price: $49.63 Net Debit: $2.39 Action: Buy to close the PFE Aug Week One (8/5) 50 Put for around $0.63 Sell to open the PFE Aug Monthly (8/19) 50…
I am recommending we roll our Pfizer (PFE) put out two weeks to generate more income and reduce our net debit on the position. Current Stock Price: $49.63 Net Debit: $7.69 Action: Buy to close the PFE Aug Week One (8/5) 50 Put for around $0.63 Sell to open the PFE Aug Monthly (8/19) 50…
I am recommending we roll our Best Buy (BBY) put out two weeks to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based…
Given today’s pop in General Motors (GM) and Marvell Technology (MRVL), I am recommending we roll our puts out one week to capture another chunk of cash. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will be managing and tracking…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) put out two weeks to generate more income and lower our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking…
I am recommending we roll our Kroger Co. (KR) call out two weeks and to a higher strike. We will be spending a few cents to do so but capturing an additional $1 in potential appreciation. Current Stock Price: $46.93 Cost Basis: $54.40 Action: Buy to close the KR Aug Week One (8/5) 46.50 Call…
We were called out of our Charles Schwab (SCHW) shares after the stock ran up sharply last week, incurring a net debit on the position. The stock has struggled since late March, but things seem to be looking up, thanks in part to rising interest rates. I am recommending a put to sell to reduce…
CVS Health (CVS) delivered strong second-quarter results today and raised its outlook for the year. The stock is rallying, but investor enthusiasm did not spill over to competitor Walgreens Boots Alliance (WBA). I am recommending we roll our WBA put out two weeks and to a lower strike to generate more income and reduce our…
Micron Technology (MU) is grinding its way higher, so I am recommending we roll our call out two weeks and to a higher strike price. At the current midpoints, this is a cash-neutral roll. But if you need to spend some cash to roll, that’s OK. It will be worth it to capture an additional…
Moderna (MRNA) is up around 16% today after reporting better-than-expected quarterly earnings and revenue. The company saw its revenue jump 9% year over year to $4.7 billion, with the vast majority of sales, $4.5 billion, coming from its COVID-19 vaccine. MRNA now sells for around 7 times forward earnings, less than half of the valuation…
Let’s book profits on our Microsoft (MSFT) put, earnings a 3.6% return on our capital in one week, or 188% annualized. Current Stock Price: $278.39 Cash in Hand: $0.32 Action: Buy to close the MSFT Aug Week Two (8/12) 252.50 Put for around $0.36 Sell to close the MSFT Aug Week Two (8/12) 247.50 Put…
Advanced Micro Devices (AMD) is scheduled to announce earnings later today. Shares have run up around 17% over the past week, helped by the House’s approval of a $280 billion bill focused on domestic semiconductor manufacturing and, presumably, in anticipation of a strong earnings report. I am recommending we roll our short call out to…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Blackstone (BX) Aug Week Two (8/12) 95 Put for around $0.84. You can go as low as $0.72, but please don’t start there and always use limit orders. (Current stock price: $101.94) TRADE TWO: Sell to open Valero (VLO)…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts to higher strike prices while keeping the expiration date the same. The income we generate will reduce our net debits on the positions. The new strikes are close to the money, and it is possible we will accept shares on one…
https://vimeo.com/manage/videos/735848977 Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience…
First Solar (FSLR) has soared more than 35% in the past week following the company’s announcement of a surprise Q2 profit and a breakthrough in the Senate on a $369 billion climate spending package that includes large tax credits for clean energy, such as solar. I am recommending we roll our put to a higher…
Mosaic (MOS) announced strong second-quarter results yesterday after the close. While revenue and earnings fell short of Wall Street’s expectations, the stock is down only slightly this morning. The muted response is likely due in part to the company’s comments that fertilizer demand will be supported by tight crop supplies into next year. We were…
Valero (VLO) is rallying today in the face of a broader market decline. Let’s book profits on our put, earning a 47% annualized rate of return. Current Stock Price: $112.42 Cash in Hand: $1.03 Action: Buy to close the VLO Aug Week One (8/5) 103 Put for around $0.24, but adjust as needed to close…
The chip sector is rallying after the House approved a $280 billion bill focused on domestic semiconductor manufacturing. Let’s book profits on our NVIDIA (NVDA) put, earning a 52% annualized rate of return. Current Stock Price: $187.26 Cash in Hand: $1.79 Action: Buy to close the NVDA Aug Week Two (8/12) 160 Put for around…
We have positions in Expedia (EXPE), Mosaic Company (MOS), VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) expiring today. The long leg of our EXPE put spread is on track to expire worthless. The company is scheduled to report earnings next week. We will put on a new spread after we see how investors react…
Charles Schwab (SCHW) has run well beyond the strike price of our SCHW Jul Week Five (7/29) 64 Call. I am recommending we allow our shares to be called away. I will recommend a put soon to reduce our net debit on the position. Current Stock Price: $69.51 Cost Basis: $69.24 Action: Allow shares to…
First Solar (FSLR) is up nearly 25% in the past two days following two big announcements. First, there was a breakthrough in the Senate on a $369 billion climate spending package that includes large tax credits for clean energy, such as solar. Second, the company reported a surprise Q2 profit of $0.52 per share on…
Taiwan Semiconductor Manufacturing (TSM) has run up this week and the defensive puts we purchased are on track to expire worthless. We will simply watch them do so. I am also recommending we roll the short leg of the LEAP call spread out two weeks and to a higher strike price to capture more potential…
Delta Air Lines (DAL) is up today, allowing us to book profits on the position we opened yesterday with a triple-digit annualized rate of return. Current Stock Price: $31.96 Cash in Hand: $0.32 Action: Buy to close the DAL Aug Week One (8/5) 29.50 Put Current Option Price: $0.11-$0.12 Recommended Limit: Set your initial limit…
I am recommending selling puts on Best Buy (BBY) and SPDR S&P Biotech ETF (XBI) to reduce our net debits on the positions. BBY is rallying today with the broader market despite the company cutting its outlook for the second quarter and full year. Management also said they will pause share buybacks, although Best Buy…
I am recommending a put to sell on Walgreens Boots Alliance (WBA) after our shares were called away last week, causing us to incur a net debit on the position. I held off on putting on a new trade until after we saw how the market responded to the Federal Reserve announcement and GDP numbers.…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open NVIDIA (NVDA) Aug Week Two (8/12) 160 Put for around $1.79. You can go as low as $1.66, but please don’t start there and always use limit orders. (Current stock price: $178.32) TRADE TWO: Sell to open Valero (VLO)…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out one week to generate more income and reduce our net debits on the positions. You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be managing and tracking them based…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
We sat out Pfizer’s (PFE) earnings announcement to avoid any undue risk. The stock sold off despite the company delivering a second-quarter revenue and earnings beat. Revenue was up 47% year over year and profits increased 78% from a year ago on strong sales of Pfizer’s COVID-19 vaccine and antiviral treatment Paxlovid. With PFE off…
We sat out Pfizer’s (PFE) earnings announcement to avoid any undue risk. The stock sold off despite the company delivering a second-quarter revenue and earnings beat. Revenue was up 47% year over year and profits increased 78% from a year ago on strong sales of Pfizer’s COVID-19 vaccine and antiviral treatment Paxlovid. With PFE off…
United Airlines (UAL) has struggled since we entered the trade one week ago. Let’s exit now with a small profit rather than risk having to roll out a week. Current Stock Price: $35.45 Cash in Hand: $0.42 Action: Buy to close the UAL Jul Week Five (7/29) 35 Put for around $0.35, but adjust as…
I am recommending we roll our Kroger Co. (KR) call out one week and to a lower strike to generate more income and reduce our cost basis on the position. Current Stock Price: $45.96 Cost Basis: $54.88 Action: Buy to close the KR Jul Week Five (7/29) 48 Call for around $0.01 Sell to open…
I want to temporarily close the short leg of our Expedia (EXPE) bull put spread, as well as our Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) puts ahead of today’s Federal Reserve announcement. While the market seems to have priced in 75-basis-point rate increases in July and September and is rallying today, we could…
I am recommending we roll the short legs of our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) recovery positions out to generate more income. I then want to use that cash to help purchase protective puts to hedge against a potential sell-off following today’s Federal Reserve announcement. Since Advanced Micro Devices is scheduled…
I am recommending we purchase protective puts on Target (TGT) and VanEck Vectors Semiconductor ETF (SMH) to hedge our LEAP positions against a market sell-off following this afternoon’s Federal Reserve meeting. Note that these are defensive positions meant to offset a move lower in the underlying stocks. However, a sharp sell-off could cause the value…
I am recommending we book profits on our Block (SQ) put. While the annualized rate of return is below our 26% target, this is the prudent move given the Federal Reserve announcement later today. We will put new money to work during tomorrow’s Live Trading Session once we see how the market reacts to the…
Our General Motors (GM) and Marvell Technology (MRVL) calls are in the money and on track to be called away following big moves up in the stocks this week. I will recommend puts to sell soon to reduce our net debits on the positions. General Motors is expected to report earnings on Tuesday. We will…
Pfizer (PFE) and Walgreens Boots Alliance (WBA) are trading near our calls’ strikes. If PFE closes above $51, our shares will be called away and we will have a net debit on the position. If, however, the stock closes below $51, our call will expire worthless. In this case, we will sell the shares before…
Our Best Buy (BBY) and First Solar (FSLR) calls are in the money and on track to be called away following big moves up in the stocks this week. I will either recommend a Best Buy put to sell next week or initiate a LEAP call recovery strategy, using the $7,000 in capital we receive…
The premium on our Blackstone (BX) put is down by a third in less than 24 hours. Let’s book profits now, earning a 0.4% return, or 71% annualized. Current Stock Price: $98.49 Cash in Hand: $0.97 Action: Buy to close the BX Jul Week Five (7/29) 90 Put for around $0.62, but adjust as needed…
I am recommending we book profits on our SPDR S&P Regional Banking ETF (KRE) put. While we still have a week till expiration, we have exceeded our rate of return goal. Plus, we have a number of other positions in the financial sector and a Federal Reserve meeting on the horizon. Current Stock Price: $61.59…
Let’s book fast profits on our Lennar (LEN) put. While it does not expire until next month, by closing early we are earning a 0.7% return in three days, or 87% annualized. Current Stock Price: $81.03 Cash in Hand: $1.25 Action: Buy to close the LEN Aug Monthly (8/19) 70 Put for around $0.75, but…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Blackstone (BX) Jul Week Five (7/29) 90 Put for around $0.97. You can go as low as $0.80, but please don’t start there and always use limit orders. (Current stock price: $96.87) TRADE TWO: Sell to open United Airlines…
Block (SQ), the company formerly known as Square, should be familiar to longtime Options Income Blueprint members. Between April 2018 and July 2020, we traded the stock successfully 35 times in a row. Members who sold just one contract each generated $2,524 from the stock. The financial services and digital payments company, which predominately serves…
It’s time to initiate a LEAP call recovery tactic for Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM). I covered this strategy in a recent coaching session. It involves using the capital after being called out of our shares — $7,500 per 100 shares for both AMD and TSM — to purchase long-dated call…
I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) calls. With DIS, we are rolling out two weeks and to a higher strike to capture more potential appreciation. With KR, we are rolling out one week and to a lower strike to generate more income. DIS Jul Week Four (7/22) 98…
I am recommending we roll our Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) puts out one week. The income we generate will reduce our net debit on the positions. However, you can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will…
Let’s book fast profits on our ConocoPhillips (COP) put. While it does not expire until next week, by closing early we are earning a 0.4% return in two days, or 75% annualized. Current Stock Price: $89.97 Cash in Hand: $0.68 Action: Buy to close the COP Jul Week Five (7/29) 80 Put for around $0.35,…
I am recommending we roll our Mosaic Company (MOS), Micron Technology (MU), Nike (NKE) and The Trade Desk (TTD) calls to higher strike prices to capture more potential appreciation following the market’s move up. MOS Jul Week Four (7/22) 47.50 Call Current Stock Price: $47.94 Cost Basis: $59.52 Action: Buy to close the MOS Jul…
The cost to close our Zoom Video Communications (ZM) spread has dropped below a dime in less than 24 hours. Let’s book profits now, earning a 4% return on our capital, or 730% annualized. Current Stock Price: $108.60 Cash in Hand: $0.29 Action: Buy to close the ZM Jul Week Five (7/29) 85 Put for…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out one week and to higher strike prices. The income we generate will reduce our net debit on the positions. However, you can enter the second leg of today’s trades even if you were not in the previous ones. Just be…
We’re not day traders, but we’re also not the kind of traders who overlook an excellent profit in a matter of hours! Let’s exit our Roku (ROKU) put now, closing our second profitable short-term trade on this stock in just over a week for a very large annualized rate of return. Current Stock Price: $88.81…
Lyft (LYFT) is up 13% in the past three trading days. However, shares of the ride-hailing company are still down more than 60% since we entered the position in early April. The hope with the position was to take advantage of the post-pandemic rebound in ridership. However, we were forced to roll our put and…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open ConocoPhillips (COP) Jul Week Five (7/29) 80 Put for around $0.68. You can go as low as $0.59, but please don’t start there and always use limit orders. (Current stock price: $87.26) TRADE TWO: Sell to open Lennar (LEN)…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
I am recommending we sell calls on our uncovered shares of Sunrun (RUN) and Charles Schwab (SCHW). Charles Schwab reported better-than-expected results today with revenue up 13% year over year and earnings rising 38.5%. Sunrun is bouncing back today following Friday’s sell-off after Sen. Joe Manchin said he would not support Democrats’ spending bill if…
Expedia (EXPE) briefly dipped below $90 last week before rebounding back to the mid-$90s. Our spread expired worthless last week, so I am recommending another one to reduce our net debit on the position. The top leg is more than 8% out of the money. You can enter today’s trade even if you were not…
Friday’s rally took Bank of America (BAC) and Citigroup (C) beyond our calls’ strikes and we were called out of our shares with large net debits. As I mentioned last week, Citigroup reported better-than-expected results on Friday. Today, Bank of America reported mixed results. Second-quarter revenue increased 6% year over year while profits declined 32%…
The premium on our Microsoft (MSFT) spread has dropped to just around a nickel. Let’s book profits now, earning a 5.8% return on our capital in seven days, or 302% annualized. Current Stock Price: $260.18 Cash in Hand: $0.35 Action: Buy to close the MSFT Jul Week Four (7/22) 237.50 Put for around $0.12 Sell…
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Let’s make hay while the sun is shining, i.e., market is rallying, by booking profits on our Roku (ROKU) put. The annualized rate of return we will earn by closing early far exceeds our goal of 26% a year. Current Stock Price: $86.52 Cash in Hand: $0.61 Action: Buy to close the ROKU Jul Week…
Foot Locker (FL) has not worked out for us despite today’s pop on stronger-than-expected retail sales data. This was designed to be a short-term trade given the heavy weight of rising inflation on consumer discretionary stocks. Therefore, I am recommending we close the position now at a loss rather than rolling it out. We will…
Disappointing earnings from JPMorgan Chase (JPM) and Morgan Stanley (MS) led to a sell-off in financials Thursday that spilled over into the broader market. But stocks came roaring back on Friday after retail sales data beat forecasts. The financial sector outperformed following better-than-expected results from Citigroup (C) and Wells Fargo (WFC). Citigroup’s second-quarter profits beat…
Lyft (LYFT) is rallying today but remains below the strike price of our call. Uber’s (UBER) recent woes have not shifted investor interest into shares of competitor Lyft, and inflationary pressures are likely to continue to weigh on these stocks. I do not expect a meaningful bounce in the coming weeks. Therefore, after watching our…
Our Expedia (EXPE) spread is well out of the money and on track to expire worthless. We will simply watch it do so and sell another spread soon to reduce our net debit on the position. Our FedEx (FDX) spread is also out of the money, but the stock is giving back some of today’s…
I am recommending we book profits on our Applied Materials (AMAT), Starbucks (SBUX) and Valero (VLO) puts. While we will be giving back some cash to do so, this is not the kind of market where it pays to get greedy. Mr. Market has been unpredictable, and we have more bank earnings coming out on…
Let’s book profits on our Devon Energy (DVN) put now rather than risk a potential late-day reversal. Current Stock Price: $52.25 Cash in Hand: $0.45 Action: Buy to close the DVN Jul Monthly (7/15) 50 Put Current Option Price: $0.07-$0.09 Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Applied Materials (AMAT) Jul Week Four (7/22) 82 Put for around $0.69. You can go as low as $0.63, but please don’t start there and always use limit orders. (Current stock price: $88.05) TRADE TWO: Sell to open Starbucks…
Let’s book profits on our Block (SQ) trades rather than risk holding through what could be a volatile end to the trading week. SQ Jul Monthly (7/15) 57.50 Put Current Stock Price: $62.92 Cash in Hand: $0.43 Action: Buy to close the SQ Jul Monthly (7/15) 57.50 Put for around $0.13, but adjust as needed…
I am recommending we roll our Best Buy (BBY) and Micron Technology (MU) calls out one week to generate more income and reduce our cost basis on the positions. BBY Jul Monthly (7/15) 70 Call Current Stock Price: $70.29 Net Debit: $93.55 Action: Buy to close the BBY Jul Monthly (7/15) 70 Call for around…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) put out one week and to a higher strike to generate more income and reduce our net debit on the position. Note that this trade is only for members already in the position. Current Stock Price: $81.48 Net Debit: $14.36 Action: Buy to close…
I am recommending we roll our Moderna (MRNA) put out one week and to a lower strike to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Nike (NKE) and The Trade Desk (TTD) calls to generate more income and reduce our cost basis on the positions. FSLR Jul Monthly (7/15) 70 Call Current Stock Price: $68.54 Cost Basis: $82.64 Action: Buy to close the FSLR Jul Monthly (7/15) 70…
I am recommending we roll our Kroger Co. (KR) call out one week and to a lower strike to generate more income and reduce our cost basis on the position. Current Stock Price: $48.01 Cost Basis: $55.75 Action: Buy to close the KR Jul Monthly (7/15) 50 Call for around $0.06 Sell to open the…
I am recommending we roll our Walgreens Boots Alliance (WBA) call out one week to generate more income and reduce our cost basis on the position. Current Stock Price: $37.31 Cost Basis: $45.64 Action: Buy to close the WBA Jul Monthly (7/15) 38 Call for around $0.15 Sell to open the WBA Jul Week Four…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) calls out one week to generate more income and reduce our cost basis on the positions. With MRVL, we are also rolling to a higher strike to capture another $1 in potential appreciation. Note that these trades are only for members already…
I am recommending we roll our Pfizer (PFE) call out one week and up one strike. This should be close to a cash-neutral roll but will allow us to pick up $0.50 in potential appreciation. Current Stock Price: $51.90 Cost Basis: $53.96 Action: Buy to close the PFE Jul Monthly (7/15) 50.50 Call for around…
I am recommending we roll our Pfizer (PFE) call out one week and up one strike. This should be close to a cash-neutral roll but will allow us to pick up $0.50 in potential appreciation. Current Stock Price: $51.90 Cost Basis: $59.26 Action: Buy to close the PFE Jul Monthly (7/15) 50.50 Call for around…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Valero (VLO) Jul Week Four (7/22) 95 Put for around $1.01. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $104.20) TRADE TWO*: Sell to open the Microsoft…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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 your limit orders but exercise patience and…
I want to continue to aggressively manage our Moderna (MRNA) position in an attempt to get back to breakeven or profitability. I am recommending we roll our put to a higher strike to generate more income while keeping the expiration date the same. You can enter the second leg of today’s trade even if you…
Our SPDR S&P Biotech ETF (XBI) shares were called away after a run-up in the sector took the ETF well above our call’s strike. Now that the rally appears to have stalled, it’s time to sell a put to generate income and reduce our net debit on the position. You can enter today’s trade even…
CVS Health (CVS) is holding up despite broader market weakness, and the premium on the option we sold has fallen by more than half in just a few days. Let’s book fast profits on the position now. Current Stock Price: $94.95 Cash in Hand: $0.50 Action: Buy to close the CVS Jul Monthly (7/15) 91…
After gaining more than 10% last week, The Trade Desk (TTD) is pulling back today. That makes this an excellent time to sell a call on our uncovered shares to generate income and reduce our cost basis on the position. Current Stock Price: $43.80 Coat Basis: $50.25 Action: Sell to open the TTD Jul Monthly…
Oil prices slid this week as recession fears hit the energy markets. However, today’s jobs report showed that while the economy may be slowing, the labor market is strong with a better-than-expected 372,000 jobs added in June. I am recommending we sell a put on Devon Energy (DVN). We last traded this independent oil and…
As I stated in the previous alert, we are going to allow our shares of Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) to be called away at the $75 strike price. I will be recommending that we use the $7,500 received per 100 shares of AMD and TSM you own to purchase LEAPS.…
SPDR S&P Biotech ETF (XBI) has run up sharply this week and our XBI Jul Week Two (7/8) 75 Call is deep in the money. I am recommending we allow our shares to be called away. I will recommend a put soon to reduce our net debit on the position. Current Stock Price: $84.47 Cost…
I am recommending we roll our Walt Disney (DIS) call out two weeks to generate more income and reduce our cost basis on the position. Current Stock Price: $97.05 Cost Basis: $118.68 Action: Buy to close the DIS Jul Week Two (7/8) 97 Call for around $0.91 Sell to open the DIS Jul Week Four…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Jul Monthly (7/15) 91 Put for around $0.50. You can go as low as $0.43, but please don’t start there and always use limit orders. (Current stock price: $93.87) TRADE TWO*: Sell to open Block (SQ)…
I am recommending we book profits on our Apple (AAPL) LEAP call spread. Current Stock Price: $145.33 Cost Basis: $42.38 Action: Buy to close the AAPL Jul Week Two (7/8) 140 Call for around $5.50 Sell to close the APL Jun 2023 (6/16/23) 100 Call for around $50.95 Profit: $3.07, or $307 per spread
I am recommending we roll our Micron Technology (MU) and Nike (NKE) calls to generate more income and reduce our cost basis on the positions. MU Jul Week Two (7/8) 60 Call Current Stock Price: $58.39 Cost Basis: $68.95/$72.40 Action: Buy to close the MU Jul Week Two (7/8) 60 Call for around $0.12 Sell…
Crocs (CROX) is up nearly 7% today. Let’s book fast profits on our put position, earning a 1% return in just three days. Current Stock Price: $55.81 Cash in Hand: $0.65 Action: Buy to close the CROX Jul Monthly (7/15) 45 Put Current Option Price: $0.15-$0.25 Recommended Limit: Set your initial limit order at $0.20,…
Moderna (MRNA) is up around 6% this morning. I am recommending we roll our put to a higher strike to generate more income. We are keeping the expiration date the same. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will…
Let’s book fast profits on our Nvidia (NVDA) spread, earning a 9% absolute return in three days, or 1,095% annualized. Current Stock Price: $155.45 Cash in Hand: $0.59 Action: Buy to close the NVDA Jul Monthly (7/15) 130 Put for around $0.28 Sell to close the NVDA Jul Monthly (7/15) 125 Put for around $0.14…
Let’s keep the profits coming by closing our Devon Energy (DVN) position. Current Stock Price: $52.85 Cash in Hand: $0.38 Action: Buy to close the DVN Jul Week Two (7/8) 50 Put for around $0.15, but adjust as needed to close today Profit: $0.23, or $23 per contract
Let’s book fast profits on our Applied Materials (AMAT) and Starbucks (SBUX) positions. AMAT Jul Week Two (7/8) 85 Put Current Stock Price: $89.97 Cash in Hand: $0.61 Action: Buy to close the AMAT Jul Week Two (7/8) 85 Put for around $0.14, but adjust as needed to close today Profit: $0.47, or $47 per…
Download Presentation Slides See the Income Masters Bullpen list here.
I am recommending we roll our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) calls to lower strikes while keeping the expiration date the same. The goal is to generate a chunk of cash and then get called out of our shares. We will then redeploy the capital on recovery positions using bull call…
I am recommending we roll our Pfizer (PFE) call out one week and to a higher strike. While we will be spending a bit of cash to do so, we will be picking up more in potential appreciation. Current Stock Price: $52.12 Cost Basis: $53.85 Action: Buy to close the PFE Jul Week Two (7/8)…
I am recommending we roll our Pfizer (PFE) call out one week and to a higher strike. While we will be spending a bit of cash to do so, we will be picking up more in potential appreciation. Note that this trade is only for members who are already in the PFE position. Current Stock…
I am recommending we roll our Bank of America (BAC), General Motors (GM) and Marvell Technology (MRVL) calls out one week and to lower strikes to generate more income and reduce our cost basis on the positions. Note that these trades are only for members who already own shares of BAC, GM and MRVL uncovered…
After closing our Income Madness position on Moderna (MRNA), I am recommending a new put to sell to reduce our net debit. You can execute the two trades simultaneously as a roll if you wish. You can also enter today’s trade even if you were not in the previous one. Just be aware that we…
I am recommending we close our Moderna (MRNA) put, booking a small profit on the position that we began during the November round of Income Madness. We started off with a spread position, which we rolled several times before switching to a put in an attempt to get back to breakeven faster, albeit tying up…
I am recommending calls to sell against our uncovered shares of Citigroup (C) and Lyft (LYFT) to reduce our cost basis on the positions. Both stocks have fallen with the broader market this week, though LYFT’s sell-off has been much sharper. Note that Citigroup is scheduled to announce earnings on July 15, the day our…
United Airlines (UAL) has moved against us, but today’s reversal in the stock is allowing us to exit with a tiny loss. In this market, that is the right move. Current Stock Price: $36.76 Cash in Hand: $0.35 Action: Buy to close the UAL Jul Week Two (7/8) 35 Put Current Option Price: $0.36-$0.39 Recommended…
Southwest Airlines (LUV) has moved against us, but we can exit now with a small profit. Let’s do so. Netflix (NFLX) is running up with other streaming services today. Let’s book profits on our bull put spread. LUV Jul Week Two (7/8) 35 Put Current Stock Price: $36.14 Cash in Hand: $0.35 Action: Buy to…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Starbucks (SBUX) Jul Week Two (7/8) 76 Put for around $0.48. You can go as low as $0.42, but please don’t start there and always use limit orders. (Current stock price: $78.01) TRADE TWO*: Sell to open the Nvidia…
Roku (ROKU) is running up today. Let’s book profits now, freeing up capital for new trades. Current Stock Price: $88.60 Cash in Hand: $0.87 Action: Buy to close the ROKU Jul Week Two (7/8) 75 Put for around $0.26, but adjust as needed to close today Profit: $0.61, or $61 per contract
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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 your limit orders but exercise patience and…
Mosaic Company (MOS) continued to trade lower this week, but our protective put remains out of the money and is on track to expire worthless. Micron Technology (MU) delivered an earnings beat but the stock sold off after management lowered its annual revenue forecast, citing reduced chip demand and weakness in China. However, the protective…
Walgreens Boots Alliance (WBA) reported better-than-expected revenue and earnings this week. Management also reiterated its full-year forecast of adjusted-earnings-per-share growth in the low single digits, citing increased retail and online sales. However, revenue and net income fell on a year-over-year basis, due in part to falling COVID-19 vaccination demand and large investments in its health…
The Trade Desk (TTD) Jul Week One (7/1) 49 Put is deep in the money following a sharp sell-off this week. I am recommending we accept shares rather than continue to roll the put. The stock is oversold, and we will have plenty of time to generate income, as well as capture potential appreciation, by…
We have positions in Citigroup (C) and Lyft (LYFT) expiring today. Both are deep underwater following the worst first half of the year for stocks since 1970. I do not want to take losses on one of the largest banks in the United States. I believe Wall Street’s concerns about the baking sector are overblown…
Teladoc Health (TDOC) is moving against us. I am recommending we exit now with a loss rather than rolling our put on this volatile stock out another week. Current Stock Price: $32.99 Cash in Hand: $0.06 Action: Buy to close the TDOC Jul Week One (7/1) 32 Put Current Option Price: $0.29-$0.34 Recommended Limit: Set…
ZIM Integrated Shipping Services (ZIM) is trading higher today, and we have the opportunity to exit the position at a small loss. Let’s take it rather than risk having to roll our put on this extremely volatile stock out another week. Current Stock Price: $47.45 Cash in Hand: $0.10 Action: Buy to close the ZIM…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) Jul Week Two (7/8) 50 Put for around $0.38. You can go as low as $0.33, but please don’t start there and always use limit orders. (Current stock price: $55.61) TRADE TWO: Sell to open Applied…
Charles Schwab (SCHW) has sold off with the broader market this week. I am recommending we roll our call out two weeks to generate more income and reduce our cost basis on the position. We are moving our strike up to capture another $1 in potential appreciation. Note that this trade is only for members…
Moderna (MRNA) has sold off over the past few days, but our put remains well out of the money. I am recommending we roll out two weeks and to a lower strike. This will allow us to generate more income while also reducing our risk. You can enter the second leg of today’s trade even…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR) and Mosaic Company (MOS) calls out two weeks to generate more income and reduce our cost basis on the positions. We continue to target a mix of cash and appreciation. These stocks are trading 3% to 6% lower than when we sold calls…
I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) calls to generate more income and reduce our cost basis on the positions. We continue to target a mix of cash and appreciation. Today, it was announced that Disney’s board voted to extend CEO Bob Chapek’s contract to July 2025, which came…
Semiconductor stocks, including Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM), sold off this week on concerns about slowing consumer demand amid a recession and broader tech sector weakness. AMD was down significantly more than its peers, about 11% so far this week, due to reports that hackers may have stolen data from the…
I am recommending we roll our Pfizer (PFE) call out one week to generate more income and reduce our cost basis on the position. PFE has rallied this week and is currently trading above our call’s strike. Today, the Food and Drug Administration said it will recommend that an omicron-fighting component is included in updated…
I am recommending we roll our Bank of America (BAC) and Pfizer (PFE) calls out one week to generate more income and reduce our cost basis on the positions. PFE has rallied this week and is currently trading above our call’s strike. Today, the Food and Drug Administration said it will recommend that an omicron-fighting…
Walgreens Boots Alliance (WBA) made headlines this week when it said it was abandoning plans to sell its Boots and No7 Beauty businesses due to market instability negatively affecting potential buyers’ financing. While I don’t see this having a material impact on the stock, the company is scheduled to announce earnings tomorrow. I am recommending…
Micron Technology (MU) is falling ahead of tomorrow’s earnings announcement. I am recommending we roll our call out one week and use the cash to help buy a protective put to hedge against a post-earnings sell-off. Current Stock Price: $56.42 Cost Basis: $68.79/$72.24 Action: Buy to close the MU Jul Week One (7/1) 60 Call…
Nike (NKE) has sold off despite reporting better-than-expected earnings and announcing a stock buyback program. Management offered a muted forecast due to increased product costs, ongoing supply chain issues and inflation. But with shares stabilizing, I am recommending we close our protective put. The money we pocket will reduce our cost basis on the position.…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jul Week Two (7/8) 75 Put for around $0.87. You can go as low as $0.80, but please don’t start there and always use limit orders. (Current stock price: $89.67) TRADE TWO: Sell to open Southwest Airlines…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
Energy stocks are rallying today. Let’s book profits on Marathon Petroleum (MPC), freeing up capital for new trades. Current Stock Price: $90.56 Cash in Hand: $0.92 Action: Buy to close the MPC Jul Week One (7/1) 85 Put Current Option Price: $0.33-$0.39 Recommended Limit: Set your initial limit order at $0.36, but adjust as needed…
Energy stocks are running up. Let’s pocket profits on our Devon Energy (DVN) and Valero (VLO) puts. DVN Jul Week One (7/1) 55 Put Current Stock Price: $59.87 Cash in Hand: $0.77 Action: Buy to close the DVN Jul Week One (7/1) 55 Put for around $0.24, but adjust as needed to close today Profit:…
We accepted shares of Nike (NKE) over the weekend. The company is scheduled to report earnings after the close today. I am recommending we sell a call and use some of that cash to buy a protective put to hedge our position. Current Stock Price: $110.75 Cost Basis: $131.25 Action: Sell to open the NKE…
Our Microsoft (MSFT) bull put spread is well out of the money and on track to expire worthless. However, we’re going to play it safe and spend a penny to close the top leg. We were deep underwater on the positions at one point. But by using an active rolling strategy, we are managing to…
Our Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) protective puts are on track to expire worthless. We will simply watch them do so. AMD Jun Week Four (6/24) 75 Put Note: No action is needed on the AMD Jul Week One (7/1) 88 Call at this time. Current Stock…
Moderna (MRNA) has run up over the past week and our protective put is on track to expire worthless. We continue to track the ongoing net debit we have in MRNA in the Income Masters program as well. Note: No action is needed on the MRNA Jul Week One (7/1) 125 Put at this time.…
Our Nike (NKE) put is deep in the money, and I am recommending we accept shares. The math of selling calls makes more sense and should get us back to breakeven faster. The company is scheduled to report earnings on Monday after the close. We will likely put a protective in place ahead of the…
Let’s keep the cash rolling in by booking fast profits on our Blackstone (BX), NVIDIA (NVDA) and Zoom Video Communications (ZM) bull put spreads. BX Jul Monthly (7/15) 70/65 Put Spread Current Stock Price: $97.52 Cash in Hand: $0.36 Action: Buy to close the BX Jul Monthly (7/15) 70 Put for around $0.20 Sell to…
Our Best Buy (BBY), First Solar (FSLR), Micron Technology (MU), The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) protective puts are on track to expire worthless. We will simply watch them do so. BBY Jun Week Four (6/24) 64 Put Note: No action is needed on the BBY Jul Week One (7/1) 72.50…
Let’s book profits on our SPDR S&P Regional Banking ETF (KRE) and Roku (ROKU) puts. KRE Jul Week One (7/1) 55 Put Current Stock Price: $59.13 Cash in Hand: $0.42 Action: Buy to close the KRE Jul Week One (7/1) 55 Put for around $0.17, but adjust as needed to close today Profit: $0.25, or…
Teladoc Health (TDOC) continues to run up. I am once again recommending we roll our put to a higher strike while keeping the expiration date the same. This will flip our net debit to cash in hand. You can enter today’s trade even if you were not in the previous one by selling the second…
Delta Air Lines (DAL) is up 5% this morning. Let’s book profits now, freeing up capital for new trades. Current Stock Price: $31.12 Cash in Hand: $0.43 Action: Buy to close the DAL Jul Week One (7/1) 28 Put Current Option Price: $0.15-$0.18 Recommended Limit: Set your initial limit order at $0.17, but adjust as…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open SPDR S&P Regional Banking ETF (KRE) Jul Week One (7/1) 55 Put for around $0.42. You can go as low as $0.38, but please don’t start there and always use limit orders. (Current stock price: $57.36) TRADE TWO*: Sell…
Mosaic Company (MOS) continues to sell off this week and our protective put is in the money. I am recommending we roll it out one week and to a lower strike. This will allow us to pocket some income, reducing our cost basis on the position, while keeping our hedge in place. Note: No action…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) call out two weeks and to a higher strike price. This will allow us to generate more income and reduce our cost basis on the position, as well as capture more potential appreciation. Our protective put remains in place for another day. Note: No…
I am recommending a call to sell against our long AAPL Jun 2023 (6/16/23) 100 Call to reduce our cost basis on the position. Current Stock Price: $136.97 Cost Basis: $44.78 Action: Sell to open the AAPL Jul Week Two (7/8) 140 Call for around $2.40, but adjust as needed to sell a call today…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) calls out two weeks and to lower strikes to generate more income and reduce our cost basis on the positions. GM Jun Week Four (6/24) 34 Call Current Stock Price: $33.02 Cost Basis: $47.12 Action: Buy to close the GM Jun Week…
I am recommending calls to sell against our uncovered Mosaic Company (MOS), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) shares. The income we generate will reduce our cost basis on the positions. And our protective puts remain in place to protect against sharp moves down in the stocks. Note that these trades are…
Best Buy (BBY) has been hammered this year along with other discretionary retailers, hit by fears of recession and supply chain issues. But the company has an extensive track record of riding out softness in the economy. First Solar (FSLR) is one of my two favorite solar stocks. Sunrun (RUN) is the other. Real-world fundamentals,…
We accepted shares in a number of positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers. The goal will…
We accepted shares in a number of positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers. The goal will…
We accepted shares in a number of positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers. The goal will…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
I am recommending we roll our Teladoc Health (TDOC) put to a higher strike while keeping the expiration date the same to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one by selling the second leg. Just be aware that we will be…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
I am recommending a put to sell on ZIM Integrated Shipping Services (ZIM) to reduce our cost basis on the position. However, you can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. Current Stock Price:…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Valero (VLO) Jul Week One (7/1) 105 Put for around $1.17. You can go as low as $1, but please don’t start there and always use limit orders. (Current stock price: $115) TRADE TWO*: Sell to open the Zoom…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
We are on track to be assigned shares of Walt Disney (DIS) and our protective put is on track to expire worthless. As you’ve seen me say in other alerts today, the math of selling calls simply makes more sense in the current market environment than continuing to roll the put. Not only will we…
Our Advanced Micro Devices (AMD) and Pfizer (PFE) puts are deep underwater. I am recommending we accept shares, as the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when…
Our short Apple (AAPL), Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless today. I will recommend new calls soon to reduce our cost basis on the positions, and we are leaving our protective puts in place on all but Apple. AAPL Jun 2023 (6/16/23)…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. Our First Solar (FSLR), Mosaic Company (MOS) and Micron Technology (MU) are deep underwater. I am recommending we accept shares, as the math of…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
I am recommending we roll our Moderna (MRNA) put out two weeks to generate more income while leaving our protective put in place. The spreads are wide, so work your orders. We continue to track the ongoing net debit we have in MRNA in the Income Masters program as well. Note: No action is needed…
I am recommending we roll our Roku (ROKU) and The Trade Desk (TTD) puts out two weeks and to lower strikes. ROKU has been holding up better than some other volatile stocks recently and is bucking the broader market decline today due to the announcement of an exclusive e-commerce deal with Walmart (WMT). We can…
I am recommending we roll our Citigroup (C) put out two weeks to buy some time and generate a little income that will reduce our net debit on the position. Current Share Price: $46.26 Net Debit: $15.14 Action: Buy to close the C Jun Monthly (6/17) 50 Put for around $3.75 Sell to open the…
Our Expedia (EXPE) bull put spread is deep in the money. Let’s roll it now to avoid assignment. We will be lowering the strikes significantly. Current Stock Price: $98.61 Net Debit: $1.28 Action: Buy to close the EXPE Jun Monthly (6/17) 115 Put for around $16.85 Sell to close the EXPE Jun Monthly (6/17) 110…
The protective put I recommended on First Solar (FSLR) is below the price we paid for it following the market’s pop and drop. I want to keep our hedge in place. Therefore, I am recommending you roll the purchased put out one week and to a lower strike for a debit. Doing so could pay…
We have a nice profit on our Micron Technology (MU) protective put. However, I want to keep a hedge in place. Therefore, I am recommending we roll it out one week and to a lower strike. The profit we do pocket will reduce your net debit or cost basis on the position depending on whether…
We closed our Teladoc Health (TDOC) put ahead of the Federal Reserve meeting, which turned out to be the right move. I am recommending a new put to sell today. The income we generate will reduce our net debit on the position. However, you can enter today’s trade even if you were not in the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) Jul Week One (7/1) 55 Put for around $0.77. You can go as low as $0.69, but please don’t start there and always use limit orders. (Current stock price: $64.01) TRADE TWO*: Sell to open the…
I am recommending we roll our protective puts on Mosaic Company (MOS) and The Trade Desk (TTD) out one week and to lower strikes to keep our hedges on these volatile stocks in place. MOS Jun Monthly (6/17) 52 Put Note: No action is needed on the MOS Jun Monthly (6/17) 59 Put at this…
I am recommending we roll our protective puts on Best Buy (BBY), VanEck Vectors Semiconductor ETF (SMH), Target (TGT) and SPDR S&P Biotech ETF (XBI) out one week and to lower strikes to keep our hedges in place. BBY Jun Monthly (6/17) 67.50 Put Note: No action is needed on the BBY Jun Monthly (6/17)…
We have a modest profit on our Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) protective puts. I am recommending we roll them out one week and to lower strikes. This will allow us to pocket some cash while keeping our hedge in place, which could pay off handsomely if…
The protective put I recommended on Moderna (MRNA) is below the price we paid for it following the market’s pop and drop. I want to continue to keep our hedge in place. Therefore, I am recommending you roll the purchased put out one week and to a lower strike for a small debit. Doing so…
I said in yesterday’s Income Masters Live Trading Session that I would be putting on a S&P 500 (SPX) hedge ahead of today’s Federal Reserve announcement. But I have decided against it due to the high cost. Instead, I have chosen to hedge most of our individual positions. Given that we tend to trade high-beta…
Given the possibility of a sell-off following the conclusion of the Federal Reserve meeting this afternoon, I am recommending we buy protective puts on Walt Disney (DIS) and Kroger Co. (KR). Note that these puts are being purchased as hedges. Ideally, the market will go up and they will expire worthless. However, in the event…
Given the possibility of a sell-off following the conclusion of the Federal Reserve meeting this afternoon, I am recommending we buy protective puts on Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA). Note that these puts are being purchased as hedges. Ideally, the market will go up and they will…
If you are in the Micron Technology (MU) put or covered call position, I am recommending you buy a protective put to hedge against a possible market sell-off following today’s Federal Reserve announcement. Note that this put is being purchased as a hedge. Ideally, the market will go up and it will expire worthless.…
I want to continue hedging some of our positions with protective puts. This time I am recommending buying puts on our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI), as well as our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread. Note that these puts are being purchased as hedges. Ideally, the market will…
Given the high likelihood of a sell-off following the conclusion of the Federal Reserve meeting tomorrow, I am recommending we buy a protective put on Moderna (MRNA), effectively turning the position into a spread. Note that this put is being purchased as a hedge. Ideally, the market will go up and it will expire worthless.…
Given the high likelihood of a sell-off following the conclusion of the Federal Reserve meeting tomorrow, I am recommending we buy protective puts on some of our most volatile names. This will effectively turn the First Solar (FSLR), Mosaic Company (MOS), Roku (ROKU) and The Trade Desk (TTD) positions into spreads. Note that these puts…
Teladoc Health (TDOC) is running up today. I am recommending we close our put now rather than risk holding this volatile stock through this week’s Federal Reserve meeting. We will carry over a net debit and I will recommend another put to sell soon. Current Stock Price: $29.18 Cash in Hand: $0.42 Action: Buy to…
Note that there were no trades in today’s session. Please look for new trades via alert following this week’s Federal Reserve meeting. Download Presentation Slides
I am recommending we close our ZIM Integrated Shipping Services (ZIM) put now rather than risk holding through this week’s Federal Reserve meeting. We will carry over a net debit and I will recommend another put to sell soon. Current Stock Price: $50.90 Cash in Hand: $1.05 Action: Buy to close the ZIM Jun Monthly…
Download Slides Note that there were no trades in today’s session. Please look for new trades via alert following this week’s Federal Reserve meeting.
I am recommending we once more roll the protective put of our Apple (AAPL) LEAP call spread down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on the AAPL Jun 2023 (6/16/23) 100/Jun Monthly (6/17) 150…
The sharp market sell-off has caused the protective put on our Apple (AAPL) LEAP call spread to spike in price. I am recommending we roll it down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on…
Roku (ROKU) is down nearly 10% since we entered the trade, and our silly put is now in the money. I am recommending we roll out one week and to a lower strike to buy time, reduce our risk and generate some more income. Current Stock Price: $86.62 Cash in Hand: $0.54 Action: Buy to…
CVS Health (CVS) has struggled since we put on our trade two weeks ago. I am recommending we exit the position now with a small loss rather than roll, freeing up capital for new trades. Current Stock Price: $94.31 Cash in Hand: $0.92 Action: Buy to close the CVS Jun Week Two (6/10) 95 Put…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jun Week Two (6/10) 89 Put for around $0.54. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $95.78) TRADE TWO: Sell to open ZIM Integrated…
Our Microsoft (MSFT) bull put spread is well out of the money. Since we have a net debit on the position, I am recommending we close the current spread for a few cents and open a new spread. We are going a bit wider with this one – from 5 points to 7.5 points –…
I am recommending a new put to sell on Nike (NKE) to reduce our net debit on the position. We are deep underwater, but Nike is fundamentally sound. The company is scheduled to announce earnings on June 27. Depending on the report and how the market reacts, we will either continue to sell puts or…
Sonos (SONO) is up 2.5% since we entered our trade and the put premium has fallen sharply. Let’s book fast profits with a triple-digit annualized rate of return and free up capital for new trades. Current Stock Price: $22.50 Cash in Hand: $0.29 Action: Buy to close the SONO Jun Monthly (6/17) 20 Put Current…
I am recommending we roll our Advanced Micro Devices (AMD) put out one week to generate more income and reduce our net debit on the position. Current Stock Price: $102.02 Net Debit: $19.40 Action: Buy to close the AMD Jun Week Two (6/10) 100 Put for around $1.61 Sell to open the AMD Jun Monthly…
I am recommending we roll our Pfizer (PFE) put out one week to generate more income and reduce our net debit on the position. Current Stock Price: $53.60 Net Debit: $2.20 Action: Buy to close the PFE Jun Week Two (6/10) 52 Put for around $0.09 Sell to open the PFE Jun Monthly (6/17) 53…
I am recommending we roll our Walt Disney (DIS) put out one week to buy ourselves some time and generate more income. Current Stock Price: $107.28 Net Debit: $14.20 Action: Buy to close the DIS Jun Week Two (6/10) 107 Put for around $1.10 Sell to open the DIS Jun Monthly (6/17) 107 Put for…
Apple (AAPL) has found short-term support above $140. I am recommending a LEAP call spread with a protective put. The primary goal of this trade is to capture appreciation, while generating cash is secondary. And the purchased put will be used to protect us against a downturn in the stock. If you enter this position,…
I want to close our Goldman Sachs (GS) bull put spread around breakeven rather than risk holding through the upcoming Federal Reserve meeting. Current Stock Price: $314.77 Cash in Hand: $0.14 Action: Buy to close the GS Jun Monthly (6/17) 275 Put for around $0.39 Sell to close the GS Jun Monthly (6/17) 270 Put…
I am recommending we roll our Best Buy (BBY), Micron Technology (MU), VanEck Vectors Semiconductor ETF (SMH) and SPDR S&P Biotech ETF (XBI) calls that expire this week. BBY Jun Week Two (6/10) 81 Call Current Stock Price: $77.97 Cost Basis: $95.72 Action: Buy to close the BBY Jun Week Two (6/10) 81 Call for…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Micron Technology (MU) and The Trade Desk (TTD) puts. FSLR Jun Week Two (6/10) 70 Put Current Stock Price: $71.61 Net Debit: $13.68 Action: Buy to close the FSLR Jun Week Two (6/10) 70 Put for around $0.53 Sell to open the FSLR…
I am recommending we book profits on our Williams-Sonoma (WSM) bull put spread, earning a 2.6% return on our capital. Current Stock Price: $128.69 Cash in Hand: $0.42 Action: Buy to close the WSM Jun Monthly (6/17) 105 Put for around $0.28 Sell to close the WSM Jun Monthly (6/17) 95 Put for around $0.12…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts out one week and to higher strike prices to generate more income and reduce our net debits on the positions. Note that these trades are only for members already in the positions. GM Jun Week Two (6/10) 37 Put Current Stock…
I am recommending a new Expedia (EXPE) bull put spread to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to spread trading,…
I am recommending we roll our Moderna (MRNA) put out one week to generate more cash and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on…
Let’s keep the profits rolling in with another fast closeout, this time on our Gilead Sciences (GILD) put. Current Stock Price: $62.52 Cash in Hand: $0.63 Action: Buy to close the GILD Jun Monthly (6/17) 60 Put for around $0.31, but adjust as needed to close today Profit: $0.32, or $32 per contract
As I said last week, the plan is to lock in profits wherever we can ahead of next week’s Federal Reserve meeting. With that in mind, let’s close our Roku (ROKU) put now. Current Stock Price: $100.56 Cash in Hand: $1.47 Action: Buy to close the ROKU Jun Monthly (6/17) 80 Put for around $0.76,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jun Monthly (6/17) 80 Put for around $1.47. You can go as low as $1.30, but please don’t start there and always use limit orders. (Current stock price: $91.97) TRADE TWO: Sell to open Gilead Sciences (GILD)…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
Let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $77.67 Cash in Hand: $0.67 Action: Buy to close the DVN Jun Week Two (6/10) 71 Put for around $0.19, but adjust as needed to close today Profit: $0.48, or $48 per contract
As I discussed in this week’s Options Income Weekly LIVE, booking profits is never a mistake, especially if you’ve hit your target rate of return. With that in mind, let’s close our ZIM Integrated Shipping Services (ZIM) put. Current Stock Price: $68.31 Cash in Hand: $0.55 Action: Buy to close the ZIM Jun Week Two…
Oil prices continue to rise despite news that OPEC will increase output. I am recommending a put to sell on Devon Energy (DVN) — a U.S. fracker we traded successfully last month – that is roughly 7% out of the money. I hope to roll the put up to a higher strike price for the…
Our Expedia (EXPE) spread is on track to expire worthless. I will recommend a new spread soon to reduce our net debit on the position. Our Nike (NKE) call is deep in the money after shares rebounded sharply over the past week and a half. Rather than attempt to chase the stock higher by rolling…
We have traded ZIM Integrated Shipping Services (ZIM) very successfully in the past. The volatile stock sports sky-high premiums, and we can capture an excellent potential return by selling a put that is around 8% out of the money. Current Stock Price: $66.38 Action: Sell to open the ZIM Jun Week Two (6/10) 61 Put…
I don’t trust this rally and want to lock in profits wherever we can ahead of this month’s Federal Reserve meeting. Therefore, I am recommending we close our Starbucks (SBUX) put now. While we are giving back more cash than usual to close, we will exceed our annualized rate of return goal of 26%. Current…
I don’t trust this rally and want to lock in profits wherever we can ahead of this month’s Federal Reserve meeting. Therefore, I am recommending we close our Capri Holdings (CPRI) and Roku (ROKU) puts now. While we are giving back more cash than usual to close, both trades will exceed our 26% annualized rate…
United Airlines (UAL) fell shortly after we entered the trade this week, and I don’t trust the current market rally. Therefore, I am recommending we close our put with a small profit rather than roll out a week. Current Stock Price: $45.87 Cash in Hand: $0.35 Action: Buy to close the UAL Jun Week One…
Salesforce (CRM) is up more than 6% today thanks to the tech rally. Let’s book profits on our spread now, earnings a 4.8% absolute return. I also want to close out our SPDR S&P Regional Banking ETF (KRE) put. While we will only be booking a small profit, our patience paid off and we avoided…
First Solar (FSLR) is rallying today. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and…
I am recommending we roll our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce our cost basis on the positions. BBY Jun Week One (6/3) 80 Call Current Stock Price: $80.02 Cost Basis: $96.36 Action: Buy to close the BBY Jun Week One (6/3)…
Lyft (LYFT) continues to bounce around but premiums remain high. I am recommending we roll our put out two weeks to avoid assignment and reduce our net debit on the position. Charles Schwab (SCHW) has run up over the past week and our call is in the money. Rather than allow our shares to be…
I am recommending we roll our General Motors (GM) and Pfizer (PFE) puts to generate more income and reduce our net debits on the positions. GM has run up over the past week, so we are going to capture more premium by rolling to a higher strike. You can enter the second leg of today’s…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out two weeks to generate more income and reduce our net debits on the positions. Note that these rolls will take us out past the June Federal Reserve meeting, which could lead to volatility in the financial services sector. You can…
I am recommending we roll our Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls out two weeks to generate income and reduce our cost basis on the positions. TSM Jun Week One (6/3) 92.50 Call Current Stock Price: $94.43 Cost Basis: $124.73 Action: Buy to close the TSM Jun Week One (6/3) 92.50…
I am recommending we roll our Advanced Micro Devices (AMD) and Pfizer (PFE) puts out one week to generate more income and reduce our net debits on the positions. AMD Jun Week One (6/3) 102 Put Current Stock Price: $100.66 Net Debit: $20.34 Action: Buy to close the AMD Jun Week One (6/3) 102 Put…
I am recommending we roll our SPDR S&P Regional Banking ETF (KRE) put to a higher strike while keeping the expiration date the same. This will turn our net debit into cash in hand. Current Stock Price: $62.92 Net Debit: $0.14 Action: Buy to close the KRE Jun Week One (6/3) 60 Put for around…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Capri Holdings (CPRI) Jun Week Two (6/10) 45 Put for around $0.57. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $49.01) TRADE TWO*: Sell to open the…
I am recommending a new Microsoft (MSFT) bull put spread to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to spread trading,…
Walt Disney (DIS) has run up over the past week. I am recommending we roll our put out one week and to a higher strike to generate more income and reduce our net debit on the position. I am also recommending we roll our Kroger Co. (KR) call out two weeks to generate income and…
Our Moderna (MRNA) put is well out of the money. Let’s roll it out one week and to a higher strike to generate more cash and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that…
Micron Technology (MU) has run up over the past week. For those in the put position, I am recommending we roll out one week and to a higher strike. The income we generate will turn our net debit into cash in hand. And for those in the covered call position, I am recommending we roll…
Let’s book profits on our NVIDIA (NVDA) bull put spread. The premium has dropped to around a dime with a week and a half to expiration, and we can earn a more than 6% return by closing now. Current Stock Price: $186.90 Cash in Hand: $0.44 Action: Buy to close the NVDA Jun Week Two…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jun Week Two (6/10) 80 Put for around $0.83. You can go as low as $0.75, but please don’t start there and always use limit orders. (Current stock price: $97.04) TRADE TWO*: Sell to open the Williams-Sonoma…
We temporarily exited our Marvell Technology (MRVL) position last week to avoid earnings risk. Shares ran up after the company delivered revenue, earnings and a forecast that were slightly ahead of expectations. I am recommending a put to sell to reduce our net debit on the position. You can enter today’s trade even if you…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
We have positions in Best Buy (BBY), Micron Technology (MU) and Target (TGT) expiring today. Our BBY protective put is on track to expire worthless. Since this was a hedge against a covered call position, this was the desired outcome. Plus, the call we sold covered the cost of the hedge. I am recommending…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Jun Week Two (6/10) 95 Put for around $0.92. You can go as low as $0.85, but please don’t start there and always use limit orders. (Current stock price: $98.37) TRADE TWO*: Sell to open the…
Our Advanced Micro Devices (AMD) put is deep in the money, but given the terrific premiums, I am recommending we roll our put out one week. The income we generate will help reduce the sizeable net debit we have on the position. I am also recommending we roll our Taiwan Semiconductor Manufacturing (TSM) and Walgreens…
Let’s keep the profits rolling in by closing our Apple (AAPL) spread. Current Stock Price: $141.64 Cash in Hand: $0.30 Action: Buy to close the AAPL May Week Four (5/27) 130 Put for around $0.05 Sell to close the AAPL May Week Four (5/27) 125 Put for around $0.01 Set initial debit limit at $0.04,…
Our Roku (ROKU) bull put spread is trading well out of the money, but this is not the kind of market where you want to take anything for granted. Let’s book an excellent short-term profit and free up capital for new trades. Current Stock Price: $86.77 Cash in Hand: $0.31 Action: Buy to close the…
Our Microsoft (MSFT) bull put spread is trading well out of the money, but this is not the kind of market where you want to take anything for granted. Therefore, I am recommending we buy back the top leg of the spread for a few cents and leave the bottom leg in place to (very…
Dick’s Sporting Goods (DKS) and Devon Energy (DVN) are running up today. Let’s book fast profits on our puts. DKS May Week Four (5/27) 69 Put Current Stock Price: $81.13 Cash in Hand: $0.55 Action: Buy to close the DKS May Week Four (5/27) 69 Put for around $0.08, but adjust as needed to close…
I am recommending we roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread out two weeks to generate more income and reduce our cost basis on the position. Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $225.79 Current Cost…
I am recommending we spend a little cash to roll our General Motors (GM) put out one week and to a lower strike price to reduce our risk and buy time for the stock to move higher. Note that this trade is only for members already in the position. Current Stock Price: $35.62 Net Debit:…
I am recommending we roll our Mosaic Company (MOS) and The Trade Desk (TTD) puts out two weeks to generate more income and buy ourselves some time for shares to recover. TTD got whacked yesterday thanks to a weak forecast from Snap (SNAP), but shares are rebounding today. MOS May Week Four (5/27) 60 Put…
I am recommending we roll our Walt Disney (DIS) put out one week and to a lower strike price to reduce our risk and buy time for the stock to move higher. Current Stock Price: $102.03 Net Debit: $15.73 Action: Buy to close the DIS May Week Four (5/27) 103 Put for around $1.90 Sell…
I am recommending we roll our Pfizer (PFE) put out one week and to a higher strike to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Dick’s Sporting Goods (DKS) May Week Four (5/27) 69 Put for around $0.55. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $79.25) TRADE TWO: Sell to open…
I am recommending we roll our Micron Technology (MU), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls out one week and to lower strikes to generate more income and reduce our cost basis on the positions. MU May Week Four (5/27) 71 Call Note: No action is needed on our MU May Week Four…
Let’s book fast profits on our JPMorgan Chase (JPM) put and free up capital for new trades. Current Stock Price: $126.04 Cash in Hand: $0.74 Action: Buy to close the JPM May Week Four (5/27) 121 Put for around $0.27, but adjust as needed to close today Profit: $0.47, or $47 per contract
Let’s book fast profits on our Delta Air Lines (DAL) and Western Digital (WDC) puts. DAL May Week Four (5/27) 35 Put Current Stock Price: $38.42 Cash in Hand: $0.29 Action: Buy to close the DAL May Week Four (5/27) 35 Put Current Option Price: $0.08-$0.09 Recommended Limit: Set your initial limit order at $0.09,…
I am recommending we roll our Moderna (MRNA) put out one week and to a lower strike price to reduce our risk and generate cash, which will lower our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware…
Valero (VLO) is up around 3.5% today. Let’s book profits on our put. Current Stock Price: $128.63 Cash in Hand: $1.16 Action: Buy to close the VLO May Week Four (5/27) 120 Put for around $0.28, but adjust as needed to close today Profit: $0.88, or $88 per contract
I am recommending we roll our Citigroup (C) and Pfizer (PFE) puts out one week and to higher strikes to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open JPMorgan Chase (JPM) May Week Four (5/27) 121 Put for around $0.74. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $124.99) TRADE TWO*: Sell to open the…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
I am recommending a new bull put spread on Goldman Sachs (GS) to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to…
Best Buy (BBY) is scheduled to announce earnings tomorrow. Rather than exit our shares, I am recommending we sell a call to generate income and then use that income to buy a protective put to hedge our downside risk. Note that this trade is only for members who already own shares of BBY from a…
I am recommending puts to sell on SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU). The income we generate will reduce our net debits on the positions. You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be tracking and managing them based…
Kroger Co. (KR) is rallying today along with the broader market. Our call expired worthless last week, so I am recommending a new call to sell against the stock to reduce our cost basis on the position. Note that this trade is only for members who already own shares of KR uncovered from a previous…
Marvell Technology (MRVL) is scheduled to report earnings on Thursday, and I do not want to risk holding a position through the announcement. Let’s sell our shares, incurring a net debit. I will recommend a put to sell once the earnings dust settles to reduce that net debit. I am also recommending a call to…
Let’s keep the profits rolling in by closing our Blackstone (BX) put and freeing up capital for new trades. Current Stock Price: $106.67 Cash in Hand: $0.53 Action: Buy to close the BX May Week Four (5/27) 90 Put for around $0.14, but adjust a needed to close today Profit: $0.39, or $39 per contract
Let’s keep the profits rolling in by closing our CVS Health (CVS) put and freeing up capital for new trades. Current Stock Price: $95.64 Cash in Hand: $0.82 Action: Buy to close the CVS May Week Four (5/27) 90 Put for around $0.25, but adjust a needed to close today Profit: $0.57, or $57 per…
Applied Materials (AMAT) is rebounding this morning following its post-earnings sell-off. Let’s use this opportunity to book fast profits on our put position. Current Stock Price: $109.03 Cash in Hand: $0.70 Action: Buy to close the AMAT May Week Four (5/27) 97 Put for around $0.30, but adjust a needed to close today Profit: $0.40,…
ZIM Integrated Shipping Services (ZIM) is up around 5% today. Let’s use this opportunity to book fast profits on our put position. Current Stock Price: $68.16 Cash in Hand: $0.65 Action: Buy to close the ZIM May Week Four (5/27) 55 Put Current Option Price: $0.15-$0.25 Recommended Limit: Set your initial limit order at $0.20,…
Sunrun (RUN) has taken a major hit but looks to have found a bottom in the $20 to $22 range. I am recommending we stick with our put position by rolling it out one month. I expect shares to move higher, in which case we will roll our put up to a higher strike to…
Applied Materials (AMAT) reported earnings after the bell on Thursday. They came in below expectations, as did the company’s revenue forecast for the current quarter, with management citing supply chain issues. I view this as a short-term problem. Longer-term, AMAT is the leading supplier of chip-making equipment. “We have the orders booked, a full build…
We have calls on Marvell Technology (MRVL) and Charles Schwab (SCHW) expiring today. If MRVL closes above $55, our shares will be called away. If, however, it closes below that level, our call will expire worthless. The semiconductor maker is expected to announce earnings next week. So, if our call expires worthless, we will sell…
I am recommending we close our United Airlines (UAL) put. While we will be giving back a good deal of cash, I’d rather play it safe than sorry. We will return to the airline sector in the coming weeks with a new trade. Current Stock Price: $44.53 Cash in Hand: $0.42 Action: Buy to close…
Kroger (KR) has sold off sharply since hitting an all-time high in early March after the company posted better-than-expected fourth-quarter results and offered solid guidance despite supply chain issues and rising prices. Rampant inflation and economic uncertainty are weighing on retailers. Just look at the latest earnings reports from Target (TGT) and Walmart (WMT), which…
Retailers are struggling right now, and that includes Best Buy (BBY). However, outside of macroeconomic factors, there is nothing fundamentally wrong with the company. Best Buy is expected to announce earnings on May 24. If something changes with the fundamental story, we will reconsider our position. But, for now, we’re sticking with it. Our BBY…
Our Goldman Sachs (GS) bull put spread is on track to expire worthless. We will simply watch it do so. The top legs of our SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) spreads are too close to the money for comfort in this kind of market. Let’s spend a few cents to…
Our Roku (ROKU) put is well out of the money, but I want to play it safe and book profits. This is not the kind of market where it pays to hold on for a few more pennies of premium. Current Stock Price: $98.20 Cash in Hand: $0.78 Action: Buy to close the ROKU May…
Expedia (EXPE) is rallying today after selling off earlier in the week. However, the stock price remains between the strike prices of our bull put spread. Therefore, I am recommending we close the current position and open a new spread with lower strike prices that expires on June 3. Note that this trade is only…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Blackstone (BX) May Week Four (5/27) 90 Put for around $0.53. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $103.87) Download Presentation Slides
ZIM Integrated Shipping Services (ZIM) reported record income and better-than-expected revenue for the first quarter. Management also increased its full-year guidance. This shows the company can pass on the increased cost of fuel and labor. It also shows it can raise prices as customers are willing to pay premium prices due to the global supply…
Our Moderna (MRNA) put is well out of the money, but I want to roll it out one week to generate more cash and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will…
Our Advanced Micro Devices (AMD) put is in the money, but premiums are huge. Therefore, I am recommending we roll the put rather than accept shares. Note that this trade is only for those already in the AMD position. Current Stock Price: $99.95 Net Debit: $23.84 Action: Buy to close the AMD May Monthly (5/20)…
I am recommending we roll our General Motors (GM) and Lyft (LYFT) puts to avoid potential assignment and generate more income, which will reduce our net debits on the positions. Note that these trades are only for members who are already in the positions. GM May Monthly (5/20) 37 Put Current Stock Price: $35.96 Net…
The financial services sector has moved up this week. I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts to generate more income and reduce our net debits on the positions. Since the BAC put is in the money and we are rolling mainly to buy more time and reduce our…
Pfizer (PFE) has moved higher this month on renewed COVID-19 concerns. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that…
Pfizer (PFE) has moved higher this month on renewed COVID-19 concerns. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) May Week Four (5/27) 90 Put for around $0.82. You can go as low as $0.75, but please don’t start there and always use limit orders. (Current stock price: $94.46) TRADE TWO*: Sell to open the…
Advanced Micro Devices (AMD) has surged over the past week. I am recommending we roll our put up to a higher strike while keeping the expiration date the same to generate more income and reduce our net debit on the position. My goal is to be assigned shares and sell calls so we can take…
I am recommending we roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread out one week to generate more income. Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $237.05 Cost Basis: $53.93 (Note that the cost basis was incorrectly…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS) and The Trade Desk (TTD) puts to generate more income and reduce our net debit on the positions. FLSR May Monthly (5/20) 70 Put Current Stock Price: $66.08 Net Debit: $15.42 Action: Buy to close the FLSR May Monthly (5/20) 70 Put for…
Target (TGT) announced earnings today that were well below Wall Street’s expectations. Management also forecast single-digit revenue growth this year, as well as continued pressure on profits margins. Target noted that fuel and freight costs will be $1 billion more than it had expected this year and said it will try not to pass the…
Thor Industries (THO) has popped back above our put’s strike after a sharp sell-off. Let’s use this opportunity to exit the position at a small profit and free up capital for new trades. Current Stock Price: $78.94 Cash in Hand: $1.10 Action: Buy to close the THO May Monthly (5/20) 75 Put for around $1,…
Delta Air Lines (DAL) is running up following a positive forecast from competitor United Airlines (UAL), which we entered a trade on today. The news took DAL just above our $40 strike price. I’m not sure the rally in DAL will continue. Therefore, I want to use this opportunity to close the trade around breakeven.…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread out one week and to a lower strike to generate more income. Because the retailer is scheduled to announce earnings tomorrow, I am also recommending we spend some cash to purchase a protective put. Note: No action is needed on…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) May Monthly (5/20) 85 Put for around $0.78. You can go as low as $0.68, but please don’t start there and always use limit orders. (Current stock price: $95.28) TRADE TWO: Sell to open Valero (VLO) May…
I am recommending calls to sell against our uncovered shares of Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) to reduce our cost basis on the positions. Note that these trades are only for members who already own shares from previous positions. TSM Uncovered Shares Current Stock Price: $93.01 Cost Basis: $126.89 Action: Sell…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
Our Moderna (MRNA) put expired worthless on Friday. I am recommending a new put to sell. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are an Income Masters member, note that…
Our Advanced Micro Devices (AMD) put expired worthless last week. I am recommending a new put to generate income and reduce our sizeable net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on…
I am recommending calls to sell on our uncovered shares of Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) to reduce our cost basis on the positions. Note that these trades are only for members who already own shares from previous positions. BBY Uncovered Shares Current Stock Price: $82.81 Cost Basis: $97.20…
Our Pfizer (PFE) put expired worthless last week. I am recommending a new put to generate income and reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.…
Our Pfizer (PFE) put expired worthless last week. I am recommending a new put to generate income and reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.…
Let’s book profits on our JPMorgan Chase (JPM) and Skechers (SKX) puts. While the JPM profit is modest, the position is proof that patience and aggressively managing underwater positions pay off. JPM May Monthly (5/20) 120 Put Current Stock Price: $122.08 Cash in Hand: $1.40 Action: Buy to close the JPM May Monthly (5/20) 120…
Our Pfizer (PFE) May Week Two (5/13) 47.50 Put is on track to expire worthless. I will recommend a new trade in the near future to reduce our net debit on the position. Current Stock Price: $49.88 Net Debit: $9.78 Action: Watch put expire worthless
Our Advanced Micro Devices (AMD) and Pfizer (PFE) puts are on track to expire worthless. I will recommend new trades on these names in the near future to reduce our net debits on the positions. AMD May Week Two (5/13) 85 Put Current Stock Price: $95.60 Net Debit: $26.72 Action: Watch put expire worthless PFE…
Our Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls are on track to expire worthless. We will simply watch them do so and I will recommend new calls to sell against these names soon. TSM May Week Two (5/13) 95 Call Current Stock Price: $90.94 Cost Basis: $126.89 Action: Watch call expire worthless…
Moderna (MRNA) announced this week that it has made all required submissions to the Food & Drug Administration for emergency use authorization of its COVID-19 vaccine in adolescents and children. This, along with today’s broader market rally, has our MRNA May Week Two (5/13) 120 Put trading well out of the money. Let’s watch it…
Micron Technology (MU) is rallying today. I am recommending we roll our call out two weeks to avoid having our shares called away and to capture more potential appreciation. We will also be generating some income to reduce our cost basis on the shares. Note: No action is needed on the MU May Monthly (5/20)…
Our Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless. We will simply watch them do so and I will recommend new calls to sell against these names soon. BBY May Week Two (5/13) 98 Call Current Stock Price: $87.63 Cost Basis: $97.20 Action: Watch call…
We temporarily exited our Walt Disney (DIS) position to avoid earnings risk. The company reported quarterly results after the bell on Wednesday that fell short of analyst expectations. However, Disney’s parks, experience and consumer products business generated a better-than-expected operating profit of $1.76 billion as travel recovers. Perhaps most impressive, though, was the fact that…
I am recommending we roll our General Motors (GM) put out one week to generate more income and reduce our net debit on the position. There was an excellent article in The New York Times this week about CEO Mary Barra and the company’s initiatives and investments in batteries and electric vehicles. You can enter…
Starbucks (SBUX) is up more than 5% today. I am recommending we close our monthly put early with a very nice profit. Current Stock Price: $73.93 Cash in Hand: $0.59 Action: Buy to close the SBUX May Monthly (5/20) 67 Put Current Option Price: $0.16-$0.18 Recommended Limit: Set your initial limit order at $0.17, but…
Given how prone this market is to reversals, I want to play it safe and book profits on our ZIM Integrated Shipping Services (ZIM) put. Current Stock Price: $62.29 Cash in Hand: $0.55 Action: Buy to close the ZIM May Week Two (5/13) 55 Put for around $0.05, but adjust as needed to close today…
Skechers (SKX) is down around 5% over the past week, but that is less than the broader market and other footwear stocks. With shares rallying today in the face of a broader market sell-off, I am recommending a new trade on the stock. Given that I see short-term support at $35, I am going with…
Kroger Co. (KR) looks to have put in a short-term bottom. I am recommending a call to sell against our uncovered shares. The income we generate will reduce our cost basis on the position. Note that this trade is only for people who already own shares of KR uncovered from a previous position. I am…
We closed our put on The Trade Desk (TTD) to avoid earnings risk. The company reported better-than-expected quarterly revenue and earnings. The report reinforces the company’s clear leadership position in the advertising and marketing industry. After an initial sell-off, shares reversed higher. I am recommending we take advantage of post-earnings volatility by selling a silly…
Bank stocks took a hit this week. I am recommending we roll our JPMorgan Chase (JPM) put out one week to avoid potential assignment and generate more cash. Current Stock Price: $117.28 Cash in Hand: $0.10 Action: Buy to close the JPM May Week Two (5/13) 120 Put for around $3 Sell to open the…
Our Bank of America (BAC), Citigroup (C) and Delta Air Lines (DAL) puts are in the money after the stocks got hit in the broader market sell-off. I am recommending we roll our puts out one week to avoid potential assignment and generate more income. Note that these trades are only for members already in…
Let’s book fast profits on our Roku (ROKU) put. Current Stock Price: $83.52 Cash in Hand: $0.66 Action: Buy to close the ROKU May Week Two (5/13) 68 Put for around $0.19, but adjust as needed to close today Profit: $0.47, or $47 per contract
I am recommending we sell buy back our put in The Trade Desk (TTD) as earnings come out after the close today. We will re-enter the position after the announcement. Current Stock Price: $43.56 Cash in Hand: $.39 Action: Buy to close the TTD May Monthly (5/20) 45 Put for $5.85 New Net Debit: $5.46
I am recommending we sell our shares in The Walt Disney Company (DIS). Earnings come out tomorrow and I want to avoid the announcement. We will re-enter the position after the announcement. Current Stock Price: $108.60 Cost Basis: $125.81 Action: Sell DIS shares at market New Net Debit: $17.21
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) May Week Two (5/13) 68 Put for around $0.66 You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $80.85) TRADE TWO: Sell to open ZIM Integrated Shipping Services (ZIM) May Week…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and let the…
I am recommending a call to sell against our uncovered Marvell Technology (MRVL) shares to reduce our cost basis on the position. Note that this trade is only for members who already own MRVL shares uncovered from a previous position. Current Stock Price: $55.27 Cost Basis: $69.24 Action: Sell to open the MRVL May Monthly…
I am recommending we close our Microsoft (MSFT) spread rather than risk rolling through the weekend. I will recommend a new spread soon to reduce our net debit on the position. Current Stock Price: $274.46 Net Debit: $2.33 Action: Buy to close the MSFT May Week One (5/6) 265 Put for around $0.16 Sell to…
Our Marvell Technology (MRVL) May Week One (5/6) 71 Put is deep in the money, so I am recommending we accept shares. We will continue to trade this core stock by selling calls to generate income. Current Stock Price: $57.9 Cash in Hand: $1.76 Action: Accept shares Cost Basis: $69.24 Potential Rate of Return: I…
We have positions in Walt Disney (DIS) and Kroger Co. (KR) expiring today. Disney is scheduled to report earnings on May 11. The call is on track to expire worthless, let’s see what Monday or Tuesday bring us but we will sell our shares before earnings and re-enter the position after the announcement by selling…
Mosaic Company (MOS) announced first-quarter results Tuesday that fell short of analyst expectations. Yet, after opening lower, the stock closed up nearly 9% on the day. Perhaps this was due to the fact that the fertilizer producer reported a 71% year-over-year increase in revenue and a 159% jump in adjusted EBITDA. While it would have…
We temporarily exited our Moderna (MRNA) position to avoid earnings. Now that the report is behind us, let’s capitalize on still-elevated volatility levels by selling a put to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will…
I am recommending a call to sell against our uncovered Nike (NKE) shares to reduce our cost basis on the position. Note that this trade is only for people who already own shares of NKE uncovered from a previous position. Current Stock Price: $118.80 Cost Basis: $130.98 Action: Sell to open the NKE May Week…
We temporarily closed our bull put spreads in Goldman Sachs (GS), SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) instead of rolling them. With the Fed announcement behind us, I am recommending new spreads to reduce our net debits on the positions. You can enter today’s trades even if you were not in…
We purchased protective puts on our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads to hedge against the Federal Reserve announcement. We’re going to be selling the protective puts and rolling the SMH call. SMH Jan 2023 (1/20/23) 250/May Monthly (5/20) 260 Call Spread SMH May Week One (5/6) 220 Put Note:…
Advanced Micro Devices (AMD) announced first-quarter results after the bell on Tuesday, beating analyst estimates. The chipmaker reported a 71% year-over-year revenue increase to $5.89 billion, while adjusted earnings more than doubled to $1.13 per share. Guidance also came in above expectations with management saying it anticipates $6.5 billion in sales for the current quarter.…
We temporarily exited our positions in Bank of America (BAC) and Citigroup (C) to avoid risk associated with this week’s Federal Reserve decision on interest rates. Now that it is behind us, we can get back to trading these stocks for income. I am recommending puts to sell to reduce our net debits on the…
With the Federal Reserve announcement behind us, I am recommending a new JPMorgan Chase (JPM) put to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. Current…
I am recommending a call to sell against our uncovered Charles Schwab (SCHW) shares to reduce our cost basis on the position. Note that this trade is only for members who already own SCHW shares uncovered from a previous position. Current Stock Price: $69.02 Cost Basis: $73.99 Action: Sell to open the SCHW May Monthly…
Lyft (LYFT) got clobbered after management’s second-quarter revenue and adjusted EBITDA forecast fell short of estimates and the company reported a wider-than-expected loss. Revenue of $875.6 million, however, was ahead of estimates. A post-earnings sell-off like this is exactly why we exited our position prior to the announcement. Now that earnings are behind us, we…
Pfizer (PFE) announced better-than-expected revenue and earnings this week, generating $25.7 billion in first-quarter sales and an adjusted profit of $1.62 per share. Management forecast full-year revenue of $98 billion to $102 billion and earnings of $6.25-$6.45 per share. That means the stock is currently trading for less than 8 times the low end of…
Pfizer (PFE) announced better-than-expected revenue and earnings this week, generating $25.7 billion in first-quarter sales and an adjusted profit of $1.62 per share. Management forecast full-year revenue of $98 billion to $102 billion and earnings of $6.25-$6.45 per share. That means the stock is currently trading for less than 8 times the low end of…
Our NVIDIA (NVDA) spread is trading near breakeven. I am recommending we close it now at a small profit rather than risk holding through the Federal Reserve announcement. Current Stock Price: $196.86 Cash in Hand: $0.42 Action: Buy to close the NVDA May Week One (5/6) 175 Put for around $0.82 Sell to close the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Thor Industries (THO) May Monthly (5/20) 75 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: $84.50) TRADE TWO*: Sell to open the Expedia…
ZIM Integrated Shipping Services (ZIM) has spiked more than 8% today. Let’s book profits on our put. Current Stock Price: $62.17 Cash in Hand: $2.80 Action: Buy to close the ZIM May Monthly (5/20) 55 Put Current Option Price: $1.70-$1.90 Recommended Limit: Set your initial limit order at $1.80, but adjust as needed to close…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
I am recommending we roll our put on The Trade Desk (TTD) out two and a half weeks and to a lower strike to reduce our risk ahead of the Federal Reserve meeting and pick up more income. You can enter today’s trade even if you were not in the previous one by selling the…
The Federal Reserve is expected to announce its decision on interest rates tomorrow, which could trigger a sharp sell-off in stocks. I am recommending we buy protective puts on our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/May Monthly (5/20) 260 Call Spread Note: No action is…
I am recommending we book profits on our Southwest Airlines (LUV) put. While we are giving back more cash than usual, today is not the day to get greedy. Current Stock Price: $46.58 Cash in Hand: $0.37 Action: Buy to close the LUV May Week One (5/6) 43.50 Put for around $0.16, but adjust as…
We were assigned shares of Walt Disney (DIS) last week, and I am recommending a call to sell against them. The strike is comfortably out of the money in case we see a spike in the market following this week’s Federal Reserve meeting. The company is scheduled to report earnings on May 11. If we…
First Solar (FSLR) reported earnings late last week. While its first-quarter net loss of $0.41 per share was slightly above estimates, revenue fell short of expectations. However, Wall Street seemed satisfied with the report, as shares are up around 1.9% since the announcement. This was likely due to management reaffirming its guidance for 2022 and…
Mosaic Company (MOS) is scheduled to report earnings after the closing bell. Although the stock is running up into the announcement, I want to sell our shares to avoid earnings risk given how MOS has traded on past reports. We will re-enter the position after earnings come out by selling a put to reduce our…
Moderna (MRNA) is running up today after the company said it will have data supporting its coronavirus vaccine for children under the age of 6 to the Food & Drug Administration next month for review. That’s good news for us, as we were assigned shares last week. However, given that the company is scheduled to…
We have uncovered shares of Bank of America (BAC), Citigroup (C), Pfizer (PFE) and Lyft (LYFT) that we need to sell to temporarily exit the positions. We are selling BAC and C to avoid risk related to this week’s Federal Reserve meeting. And we are selling PFE and LYFT to avoid the companies’ respective earnings…
We are on track to be assigned shares of Lyft (LYFT). With the company scheduled to report earnings on May 3, I will be recommending that we sell our shares early next week. We will re-enter the position after earnings come out. Pfizer (PFE) is circling the strike price of the call we sold. The…
Our Pfizer (PFE) Apr Week Five (4/29) 49 Call is in the money and our shares are on track to be called away. That was the goal, as the company is scheduled to report earnings on May 3. We will re-enter the position by selling a put after the announcement to reduce our net debit…
Moderna (MRNA) is circling the strike price of our MRNA Apr Week Five (4/29) 145 Put. The company is scheduled to report earnings next week, and I do not want to hold a position through the announcement. If we are assigned shares, we will sell them before the announcement and re-enter the position after earnings…
Our Walt Disney (DIS) Apr Week Five (4/29) 128 Put is deep in the money after Netflix’s (NFLX) subscriber losses triggered a sell-off in DIS. Disney is increasingly seen as a streaming play, but unlike Netflix, it has a number of other profitable businesses. Travel is on the rebound, which should benefit Disney’s theme parks.…
The Federal Reserve is set to meet next week, and the outcome is of great (perhaps too great) interest to Wall Street. The historical relationship between banks stocks and interest rates — i.e., banks stocks go up when interest rates do — has not played out this time around. Our Bank of America (BAC) and…
I am recommending we temporarily close our Goldman Sachs (GS), SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) bull put spreads rather than roll them. We will carry over net debits and I will recommend new spreads on these names soon. GS Apr Week Five (4/29) 315/310 Put Spread Current Stock Price: $315.06…
I am recommending we book profits on our Blackstone (BX) put. We are on track to be assigned shares of Mosaic Company (MOS). The company is scheduled to announce earnings on May 2, after the closing bell. I will be recommending that we sell our shares on Monday. We will re-enter the position after earnings…
I am recommending we roll our Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls out two weeks to generate more income and, in the case of BBY and XBI, capture more potential appreciation. BBY Apr Week Five (4/29) 94 Call Current Stock Price: $93.22 Cost Basis: $97.85 Action: Buy to…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Southwest Airlines (LUV) May Week One (5/6) 43.50 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: $46.68) Download Presentation Slides
I am recommending we roll our Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls out two weeks and to higher strike prices to capture more potential appreciation. We will also generate income to reduce our cost basis on the positions. TSM Apr Week Five (4/29) 93 Call Current Stock Price: $92.69 Cost Basis:…
Advanced Micro Devices (AMD) is scheduled to report earnings next week. I am recommending we buy back our call and sell our shares, as I do not want to hold a position through the announcement. We will re-enter the position by selling a put once the earnings dust settles. Current Stock Price: $86.64 Cost Basis:…
The Trade Desk (TTD) has sold off since we entered the trade. I am recommending we roll out one week and to a lower strike. This will buy us some time for the stock to recover and reduce our risk. My hope is to roll it again soon to generate income. Current Stock Price: $57.46…
This is the kind of market where you take fast profits where you can. Let’s close our Applied Materials (AMAT) and CVS Health (CVS) puts. AMAT Apr Week Five (4/29) 104 Put Current Stock Price: $110.54 Cash in Hand: $0.51 Action: Buy to close the AMAT Apr Week Five (4/29) 104 Put for around $0.25,…
We closed our position in core stock General Motors (GM) ahead of the company’s earnings announcement. The automaker beat first-quarter earnings estimates and maintained its 2022 guidance despite a number of issues, including supply chain snags. Management also said it continues to ramp up electric vehicle production. While the stock is roughly flat since the…
First Solar (FSLR) is scheduled to announce earnings tomorrow. The stock got a boost today from a positive earnings report from competitor Enphase Energy (ENPH). I am recommending you sell your shares now and we will re-enter the position after First Solar reports. Current Stock Price: $72.30 Cost Basis: $89.45 Action: Sell shares at market…
This is the kind of market where you take fast profits. Let’s close our Delta Air Lines (DAL) put now with a triple-digit annualized rate of return. Current Stock Price: $43.10 Cash in Hand: $0.32 Action: Buy to close the DAL Apr Week Five (4/29) 40 Put Current Option Price: $0.09-0.10 Recommended Limit: Set your…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Applied Materials (AMAT) Apr Week Five (4/29) 104 Put for around $0.51. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $109.53) Download Presentation Slides
I am recommending we roll our Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls to lower strikes while keeping the expiration date the same. This will allow us to generate more income and reduce our cost basis on the positions. BBY Apr Week Five (4/29) 96 Call Current Stock Price:…
Microsoft (MSFT) is up nearly 6% today after the company reported better-than-expected fiscal third-quarter revenue and earnings on strong cloud computing business. Revenue guidance for the current quarter was in line with analyst estimates. I am recommending a new bull put spread to reduce our net debit on the position. You can enter today’s trade…
We were assigned shares of Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) last week, and our Walgreens Boots Alliance (WBA) call expired worthless. This leaves us with uncovered shares in each of these stocks. I am recommending calls to sell to reduce our cost basis on the positions. Note that with PFE we are selling…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open CVS Health (CVS) Apr Week Five (4/29) 100 Put for around $0.81. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $102.16) Download Presentation Slides
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. 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” prices recommended below. Work your limit orders but exercise patience and…
Our General Motors (GM) call expired worthless last week. The company is scheduled to report earnings after the close today and I do not want to risk holding shares through the announcement. I am recommending you sell your shares now and we will re-enter the position by selling a put once the earnings dust settles.…
We have positions in Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) expiring today. PFE sold off this week despite the fact that the World Health Organization endorsed the use of the company’s oral Covid-19 antiviral treatment in high-risk patients after data confirmed it drastically cut hospitalization risk. The stock seems to…
We have positions in General Motors (GM) and Pfizer (PFE) expiring today. Our GM call is on track to expire worthless. The company is scheduled to report earnings on April 26. We will exit the position before then and re-enter following the announcement. PFE sold off this week despite the fact that the World Health…
After a March rally, First Solar (FSLR) is falling again as the risk-on trade once again switched off this month. Our call is on track to expire worthless. The company is scheduled to report earnings on April 28. We will exit the position before then and re-enter following the announcement. Mosaic Company (MOS) has sold…
Our Microsoft (MSFT) spread is on track to expire worthless. However, given today’s market sell-off, let’s play it safe by closing the top leg now rather than risk holding through expiration for a few more pennies in premium. The bottom leg should expire worthless. We will carry over a net debit and I will recommend…
I don’t like the way JPMorgan Chase (JPM) is trading. Therefore, rather than roll our in-the-money put and hold a position over the weekend, I am recommending we buy back the put now. We will carry over a net debit on the position. I will recommend a new put to sell once we see if…
Our Charles Schwab (SCHW) put is in the money after the stock sold off late this week on no discernable news. I am recommending we roll our put out one week to buy time for the stock to recover. Plus, we’ll pick up some more income in the process. Current Stock Price: $71.34 Cash in…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Blackstone (BX) Apr Week Five (4/29) 107 Put for around $0.95. You can go as low as $0.81, but please don’t start there and always use limit orders. (Current stock price: $114.73) TRADE TWO*: Sell to open the NVIDIA…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Apr Week Four (4/22) 265 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $246.40 Cost Basis: $58.45…
I am recommending we roll our Moderna (MRNA) put out one week and to a lower strike to generate more cash and reduce our net debit on the position. If you are an Income Masters member, note that we continue to track the ongoing net debit we have in MRNA in that program as well.…
I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) puts to buy ourselves some time and generate more income. DIS Apr Week Four (4/22) 129 Put Current Stock Price: $124.92 Cash in Hand: $1.05 Action: Buy to close the DIS Apr Week Four (4/22) 129 Put for around $4.15 Sell to…
I am recommending we roll our Best Buy (BBY) call to generate more income, capture more potential appreciation and reduce our cost basis on the position. Current Stock Price: $95.20 Cost Basis: $99.11 Action: Buy to close the BBY Apr Week Four (4/22) 95 Call for around $1 Sell to open the BBY Apr Week…
I am recommending we roll our Lyft (LYFT) and Marvell Technology (MRVL) puts to avoid potential assignment and generate more income. LYFT Apr Week Four (4/22) 36.50 Put Current Stock Price: $36.03 Cash in Hand: $0.81 Action: Buy to close the LYFT Apr Week Four (4/22) 36.50 Put for around $0.77 Sell to open the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Nike (NKE) Apr Week Five (4/29) 132 Put for around $1.02. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $136.55) TRADE TWO: Sell to open The Trade…
JPMorgan Chase (JPM) continues to move higher. Let’s roll our put up again while keeping the expiration date the same to turn our net debit into cash in hand. I am also recommending we roll our Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce…
