I am recommending we roll our Best Buy (BBY), Crocs (CROX), First Solar (FSLR) and Yeti Holdings (YETI) calls to generate more income and reduce our cost basis on the positions. BBY Jan Monthly (1/21) 102 Call Current Stock Price: $98.88 Cost Basis: $108.93 Action: Buy to close the BBY Jan Monthly (1/21) 102 Call…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Jan Monthly (1/21) 66 Put for around $0.56. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $71.84) 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” price recommended below. Work your limit orders but exercise patience and…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Jan Monthly (1/21) 132 Put for around $2.25. You can go as low as $2.08, but please don’t start there and always use limit orders. (Current stock price: $135.84) TRADE TWO*: Sell to open…
I am recommending we roll our Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) puts. With PFE, we are avoiding assignment and buying time for shares to move higher while also generating additional income Out TSM put is on track to expire worthless. However, I anticipate more money rotating into chip stocks, and we can pick…
SPDR S&P Biotech ETF (XBI) is falling as the risk-off trade persists. Our XBI Jan Week Two (1/14) 105 Call is on track to expire worthless. We will simply watch it do so and sell another call soon to reduce our cost basis on the position. Current Stock Price: $96.84 Cost Basis: $109.58 Action: Watch…
We allowed our shares of Citigroup (C) to be called away last week, incurring a net debit on the position. The goal was to avoid this week’s earnings announcement and, therefore, any unnecessary risk. The bank reported better-than-expected earnings this morning, yet shares are down about 2%. We can capitalize on the post-earnings volatility by…
Pfizer (PFE) managed to poke its head above $57 this week but has since traded back down to the $55 level. Rather than accept shares, I am recommending we roll our put out two weeks to buy some more time for the stock to move higher. If you are not currently in the PFE position…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Jan Week Two (1/14) 138 Put for around $0.43. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $141.86) TRADE TWO: Sell to…
General Motors (GM) is up nearly 3% today. Let’s book fast profits on our put position. Current Stock Price: $62.83 Cash in Hand: $0.43 Action: Buy to close the GM Jan Week Two (1/14) 59 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close…
Taiwan Semiconductor Manufacturing (TSM) reported blowout earnings and the entire chip sector is feeling the love. I am recommending we book a profit on our Applied Materials (AMAT) spread. And let’s roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to a higher strike to capture more potential appreciation. AMAT…
Let’s book fast profits on our General Motors (GM) and Micron Technology (MU) puts, freeing up capital for new trades. GM Jan Week Two (1/14) 60 Put Current Stock Price: $62.35 Cash in Hand: $0.51 Action: Buy to close the GM Jan Week Two (1/14) 60 Put for around $0.08, but adjust as needed to…
Marvell Technology (MRVL) is pulling back a bit after a nice run-up earlier this week, but we’re still sitting on a great profit. Given MRVL’s trading action and the fact that rival Taiwan Semiconductor Manufacturing (TSM) is scheduled to report earnings tomorrow, it makes sense to lock it in now. Current Stock Price: $85.21 Cash…
Let’s book profits on Taiwan Semiconductor Manufacturing (TSM) ahead of tomorrow’s earnings report. Current Stock Price: $131.97 Cash in Hand: $3.14 Action: Buy to close the TSM Jan Week Two (1/14) 130 Put for around $2.37, but adjust as needed to close today Profit: $0.77, or $77 per contract
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Micron Technology (MU) Jan Week Two (1/14) 93 Put for around $0.52. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $94.88) TRADE TWO: Sell to open…
I am recommending a call to sell against our uncovered SPDR S&P Biotech ETF (XBI) shares. The income we generate will reduce our cost basis on the position. Current Stock Price: $102.52 Cost Basis: $110.28 Action: Sell to open the XBI Jan Week Two (1/14) 105 Call for around $0.70, but adjust as needed to…
Let’s book profits on Ford (F). Current Stock Price: $24.52 Cash in Hand: $0.57 Action: Buy to close the F Jan Week Two (1/14) 23.50 Put for around $0.08, but adjust as needed to close today Profit: $0.49, or $49 per contract
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” price recommended below. Work your limit orders but exercise patience and…
Let’s book profits on our Kroger Co. (KR) position. Current Stock Price: $49.15 Cash in Hand: $0.47 Action: Buy to close the KR Jan Week Two (1/14) 45 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today Profit: $0.42, or $42 per contract…
We have positions in JPMorgan Chase (JPM), Nike (NKE) and SPDR S&P Biotech ETF (XBI) expiring today. I am recommending we allow our JPM shares to be called away given that the company is scheduled to report earnings next week. We will sell a put after the announcement to reduce our net debit on the…
We have positions in Citigroup (C) and Marvell Technology (MRVL) expiring today. I am recommending we allow our Citigroup shares to be called away given that the company is scheduled to report earnings next week. We will sell a put after the announcement to reduce our net debit on the position. And let’s close MRVL…
I am recommending we close our Micron Technology (MU) put. This was a recovery trade where our patience truly paid off, allowing us to walk away with a small profit rather than book a large loss. It’s further proof that we should never abandon a successful company just because its stock takes a hit. Current…
Below is the trade from today’s Income Masters Live Trading Session. TRADE: Sell to open Ford (F) Jan Week Two (1/14) 23.50 Put for around $0.57. You can go as low as $0.51, but please don’t start there and always use limit orders. (Current stock price: $23.78) Download Presentation Slides
Pfizer (PFE) sold off this week but appears to have found a bottom at $55. I am recommending we roll our put out one week to generate more cash. This income should get us to breakeven. Current Stock Price: $55.35 Net Debit: $0.33 Action: Buy to close the PFE Jan Week One (1/7) 58…
I am recommending we roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to generate more income and reduce our cost basis on the position. I also want to roll our Taiwan Semiconductor Manufacturing (TSM) put out one week to generate income and buy ourselves some time. However, note that…
Download Presentation Slides See the Income Masters Bullpen list here.
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open D.R. Horton (DHI) Jan Monthly (1/21) 105 Put for around $1.55. You can go as low as $1.41, but please don’t start there and always use limit orders. (Current stock price: $107.24) TRADE TWO*: Sell to open the Danaher…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR), Target (TGT) and Yeti Holdings (YETI) calls out two weeks to capture more income and/or appreciation. BBY Jan Week One (1/7) 100 Call Current Stock Price: $105.58 Cost Basis: $108.03 Action: Buy to close the BBY Jan Week One (1/7) 100 Call for…
I am recommending we close our Applied Materials (AMAT) put, booking a fast profit and freeing up some capital. Note: No action is needed on the AMAT Jan Monthly (1/21) 145/140 Put Spread at this time. Current Stock Price: $158.37 Cash in Hand: $1.03 Action: Buy to close the AMAT Jan Week One (1/7) 152.50…
Let’s book an excellent profit on our Figs (FIGS) covered call position. Current Stock Price: $26 Cost Basis: $24.17 Action: Buy to close the FIGS Jan Monthly (1/21) 30 Call for around $0.40, but adjust as needed to close today Sell shares at market Profit: $1.43, or $143 per 100 shares
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE*: Sell to open Applied Materials (AMAT) Jan Week One (1/7) 152.50 Put for around $1.03. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $155.33) Or… Sell to open the AMAT…
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” price recommended below. Work your limit orders but exercise patience and…
General Motors’ (GM) recent run-up is allowing us to book a profit on our shares. Let’s exit the position now, and we will start fresh by selling a put on this core stock soon. I am also recommending we roll our Micron Technology (MU) put to a higher strike while keeping the expiration date the…
Let’s kick off the new year by pocketing some terrific profits in Advanced Micro Devices (AMD), Nike (NKE), Taiwan Semiconductor Manufacturing (TSM) and The Trade Desk (TTD). AMD Jan Week One (1/7) 145 Put Current Stock Price: $149.38 Cash in Hand: $10.44 Action: Buy to close the AMD Jan Week One (1/7) 145 Put for…
Crocs (CROX) announced the purchase of Hey Dude, a privately held casual footwear company, for $2.5 billion on Thursday, and shares dropped 11.6% in one day. Since all but $450 million is to be paid in cash, the deal is not terribly dilutive to existing shareholders. And while some may feel Crocs overpaid, the company…
General Motors (GM) sold off with the stalling of the Build Back Better spending plan, which was expected to boost sales of electric vehicles. Since EVs will contribute little to GM’s top line and nothing to the bottom line for several years, the market is overreacting. Our put is deep in the money, so…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open SPDR S&P Biotech ETF (XBI) Jan Week One (1/7) 112 Put for around $1.72. You can go as low as $1.60, but please don’t start there and always use limit orders. (Current stock price: $116.38) TRADE TWO: Sell to…
Citigroup’s (C) recent sell-off is a bit surprising in light of the Federal Reserve’s comments about raising interest rates and tapering bond purchases. But this is a core stock that we will continue to trade with great frequency, as premiums are excellent. The cash we generate from today’s roll will reduce our cost basis…
I am recommending we roll our Micron Technology (MU) put out two weeks to generate more income and reduce our net debit on the position. Current Stock Price: $89.78 Net Debit: $2.23 Action: Buy to close the MU Dec Week Four (12/23) 87 Put for around $0.13 Sell to open the MU Jan Week One…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR), Target (TGT) and Yeti Holdings (YETI) calls out two weeks to generate more income and reduce our cost basis on the positions. BBY Dec Week Four (12/23) 102 Call Current Stock Price: $97.43 Cost Basis: $109.41 Action: Buy to close the BBY Dec…
I am recommending we roll our Advanced Micro Devices (AMD) put out two weeks to collect a huge amount of premium. And let’s book profits on CVS Health (CVS). AMD Dec Week Four (12/23) 145 Put Current Stock Price: $141.64 Cash in Hand: $6.59 Action: Buy to close the AMD Dec Week Four (12/23) 145…
Let’s book profits on our Apple (AAPL), Applied Materials (AMAT) and SPDR S&P Regional Banking ETF (KRE) positions. AAPL Dec Week Four (12/23) 170 Put Current Stock Price: $173.38 Cash in Hand: $3.15 Action: Buy to close the AAPL Dec Week Four (12/23) 170 Put for around $0.45, but adjust as needed to close today…
Below are the trades from today’s Income Masters Live Trading Session. Note that we do not recommend doubling up on a stock. Choose the strategy that best suits your trading goals and risk tolerance. TRADE ONE: Sell to open Nike (NKE) Jan Week One (1/7) 160 Put for around $1.45. You can go as low…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. We currently have ongoing positions in both of today’s trades. The income we generate will reduce our net debits on the positions. However, you can enter today’s trades even if you were not in the previous ones. Just be…
I am recommending calls to sell against our uncovered shares of Crocs (CROX) and JPMorgan Chase (JPM) and our VanEck Vectors Semiconductor ETF (SMH) LEAP. CROX is oversold and we can capture an enormous premium for selling a call that is considerably out of the money. JPM’s sell-off is a bit surprising in light of…
I am recommending we roll our Advanced Micro Devices (AMD) put out one week to generate the largest premium I have seen from this kind of roll. Our Crocs (CROX) and JPMorgan Chase (JPM) puts are deep in the money after the stocks sold off sharply this week. I am recommending we accept shares. We…
Let’s book profits on our SPDR S&P Retail ETF (XRT) put. Current Stock Price: $88.09 Cash in Hand: $0.64 Action: Buy to close the XRT Dec Monthly (12/17) 87 Put Current Option Price: $0.23-$0.25 Recommended Limit: Set your initial limit order at $0.24, but adjust as needed to close today Profit: $0.40, or $40 per…
Sunrun (RUN) and Squarespace (SQSP) sold off sharply this week. Solar stocks took a hit due to supply chain concerns. Furthermore, the Senate approved a measure to ban imports from China’s Xinjiang region unless they can prove they were not made with forced labor. It’s possible Sunrun uses materials mined and processed with forced labor.…
I am recommending we close our Marvell Technology (MRVL) and Micron Technology (MU) puts. We’re sitting on a tidy profit in MRVL and I’d rather not risk holding through this afternoon’s expiration. Micron is scheduled to report earnings on Monday. I do not want to hold shares through the announcement. We will re-enter the position…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Dec Week Four (12/23) 101 Put for around $0.88. You can go as low as $0.80, but please don’t start there and always use limit orders. (Current stock price: $101.93) TRADE TWO: Sell to open Taiwan…
I am recommending we roll our Apple (AAPL), Applied Materials (AMAT) and SPDR S&P Regional Banking ETF (KRE) put positions. AAPL Dec Monthly (12/17) 170 Put Current Stock Price: $174.83 Cash in Hand: $1.67 Action: Buy to close the AAPL Dec Monthly (12/17) 170 Put for around $0.45 Sell to open the AAPL Dec Week…
Let’s book profits on Bank of America (BAC), Ford (F) and The Trade Desk (TTD). BAC Dec Monthly (12/17) 44 Put Current Stock Price: $44.82 Cash in Hand: $0.89 Action: Buy to close the BAC Dec Monthly (12/17) 44 Put for around $0.11, but adjust as needed to close today Profit: $0.78 or $78 per…
As I’ve been saying, the plan is to move on from Twitter (TWTR) soon given the changes in top management and the company’s business model. I am recommending a call to sell against our uncovered shares to generate a bit of income in the hope that our shares are called away. Even if they are…
I am recommending we roll our Citigroup (C) call out one week and to a lower strike price. I think the Federal Reserve’s interest rate decision has put a floor underneath this core stock. Let’s also roll our General Motors (GM) put. The stock took a hit with the indices but is bouncing back today.…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Ford (F) Dec Week Four (12/23) 19 Put for around $0.32. You can go as low as $0.28, but please don’t start there and always use limit orders. (Current stock price: $19.66) TRADE TWO: Sell to open The Trade…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR), Target (TGT) and Yeti Holdings (YETI) call positions. BBY Dec Monthly (12/17) 108 Call Current Stock Price: $100.62 Cost Basis: $110.85 Action: Buy to close the BBY Dec Monthly (12/17) 108 Call for around $0.07 Sell to open the BBY Dec Week Four…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Dec Monthly (12/17) 170 Put for around $1.67. You can go as low as $1.57, but please don’t start there and always use limit orders. (Current stock price: $173) TRADE TWO: Buy 100 shares of Figs (FIGS)…
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” price recommended below. Work your limit orders but exercise patience and…
Ford (F) is selling off today after Friday’s pop. Let’s book profits now. We’ll likely trade the automaker again soon. Current Stock Price: $20.83 Cash in Hand: $0.25 Action: Buy to close the F Dec Monthly (12/17) 19 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as…
Our Apple (AAPL) put is on track to expire worthless, allowing us to book the maximum profit. Our VanEck Vectors Semiconductor ETF (SMH)) calls is also on track to expire worthless. I will recommend a new call to sell against our LEAP soon. AAPL Dec Week Two (12/10) 172.50 Put Current Stock Price: $176.32 Cash…
I am recommending we roll our Advanced Micro Devices (AMD), Bank of America (BAC) and First Solar (FSLR) positions out one week to generate more income. AMD Dec Week Two (12/10) 145 Put Current Stock Price: $142.20 Cash in Hand: $2.09 Action: Buy to close the AMD Dec Week Two (12/10) 145 Put for around…
It is time to sell calls on our uncovered shares of Best Buy (BBY) and Yeti Holdings (YETI). BBY Uncovered Shares Current Stock Price: $105.11 Cost Basis: $111.66 Action: Sell to open the BBY Dec Monthly (12/17) 108 Call for around $0.81, but adjust as needed to sell a call today New Cost Basis: $110.85…
Let’s book profits on The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) rather than risk holding through tomorrow’s jobs report. TTD Dec Week Two (12/10) 90 Put Current Stock Price: $97.51 Cash in Hand: $0.60 Action: Buy to close the TTD Dec Week Two (12/10) 90 Put for around $0.20, but adjust…
Let’s book fast profits on core stock Marvell Technology (MRVL). I am also recommending we roll our Micron Technology (MU) put. This is a recovery position, and the income we generate from rolling will turn our net debit into cash in hand. MRVL Dec Week Two (12/10) 85 Put Current Stock Price: $91.52 Cash in…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open SPDR S&P Regional Banking ETF (KRE) Dec Monthly (12/17) 70 Put for around $0.95. You can go as low as $0.86, but please don’t start there and always use limit orders. (Current stock price: $71.01) TRADE TWO: Sell to…
I typically like to let our bull put spreads go to expiration. But given recent market volatility, I am recommending we take profits on our Salesforce.com (CRM) and Microsoft (MSFT) spreads now. CRM Dec Week Two (12/10) 250/245 Put Spread Current Stock Price: $266.99 Cash in Hand: $0.64 Action: Buy to close the CRM Dec…
We currently own shares of Apple (AAPL) and First Solar (FSLR) uncovered. I am recommending we sell our AAPL shares at a profit. And let’s sell a call against our FSLR shares to reduce our cost basis. AAPL Uncovered Shares Current Stock Price: $171.04 Cost Basis: $166.43 Action: Sell shares at market Profit: $4.67, or…
Let’s book profits on our CVS Health (CVS) position. Current Stock Price: $93 Cash in Hand: $0.90 Action: Buy to close CVS Dec Week Two (12/10) 87 Put for around $0.11, but adjust as needed to close today Profit: $0.79, or $79 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Dec Week Two (12/10) 90 Put for around $0.60. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $96.23) TRADE TWO: Sell to open…
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” price recommended below. Work your limit orders but exercise patience and…
I am recommending we book profits on our Figs (FIGS), Intel (INTC) and Walgreens Boots Alliance (WBA) positions, freeing up capital for new trades. Remember, today’s Live Trading Session will be held at 10 a.m. Eastern. You can register here if you have not already done so. FIGS Dec Monthly (12/17) 30 Put Current Stock…
Apple (AAPL), Best Buy (BBY), First Solar (FSLR) and Yeti Holdings (YETI) have all been hit hard this past week. I am recommending we accept shares rather than attempt to roll. We will sell calls against our shares soon to reduce our cost basis on the positions. On a brighter note, our D.R. Horton (DHI)…
Squarespace (SQSP) appears to be stabilizing so it’s time to sell a call against our uncovered shares. The income we generate will reduce our cost basis. Note that the spread between the bid and ask is wide, so you may need to work the trade to get in. Also, note that this trade is only…
Ford (F) is falling today, so I am recommending we book profits now. Twitter (TWTR) sold off sharply following news of CEO Jack Dorsey’s resignation, pushing shares well below the strike price of the put we sold. I am recommending we accept shares. The plan is to sell calls for a week or two…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Bank of America (BAC) Dec Week Two (12/10) 44 Put for around $0.50. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $45.28) TRADE TWO*: Sell to open…
I am recommending we roll our Citigroup (C) call to a lower strike to generate more income and reduce our cost basis on the position. I am also recommending we roll our General Motors (GM) put to buy time for shares to recover while adding to our cash in hand. C Dec Week One (12/3)…
I am recommending we roll our JPMorgan Chase (JPM) put to buy time for shares to recover. However, I think it’s best to close our JPM bull put spread rather than roll it. JPM Dec Week One (12/3) 165 Put Current Stock Price: $161.01 Cash in Hand: $1.58 Action: Buy to close the JPM Dec…
The market turbulence since the Omicron coronavirus variant spooked investors has hit some of our stocks hard. I am recommending we roll our Advanced Micro Devices (AMD) put to a lower strike to buy time for the stock to recover and reduce our risk. I am also recommending we roll the short leg of our…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Dec Week One (12/3) 167.50 Put for around $1.07. You can go as low as $1, but please don’t start there and always use limit orders. (Current stock price: $169.58) TRADE TWO: Sell to open SPDR S&P…
It is time to book profits on The Trade Desk (TTD). Current Stock Price: $103.74 Cash in Hand: $1.40 Action: Buy to close the TTD Dec Week One (12/3) 92.50 Put for around $0.20, but adjust as needed to close today Profit: $1.20, or $120 per contract
Micron Technology (MU) continues to power higher, so I am once again recommending we roll our put to a higher strike to collect more income. The premium we generate will reduce our net debit on the position as we work our way toward breakeven. Current Stock Price: $88.51 Net Debit: $1.47 Action: Buy to close…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Advanced Micro Devices (AMD) Dec Week One (12/3) 150 Put for around $1.54. You can go as low as $1.35, but please don’t start there and always use limit orders. (Current stock price: $156.56) TRADE TWO: Sell to open…
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” price recommended below. Work your limit orders but exercise patience and…
I am recommending we buy back our Pfizer (PFE) put. The stock is rallying today on fears about the Omicron coronavirus variant. However, Moderna’s (MRNA) CEO is warning that COVID-19 vaccines are unlikely to be as effective against the new variant, prompting a sell-off in MRNA. Pfizer and Moderna use very similar technologies for their…
We have net debits on Best Buy (BBY), Crocs (CROX) and D.R. Horton (DHI). I am recommending new puts to sell on these stocks today. The income we generate will flip our net debits to cash in hand. BBY is selling off sharply today following the company’s earnings report, in which quarterly earnings beat estimates…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Dec Week One (12/3) 92.50 Put for around $1.40. You can go as low as $1.15, but please don’t start there and always use limit orders. (Current stock price: $100.14) TRADE TWO*: Sell to open…
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” price recommended below. Work your limit orders but exercise patience and…
I am recommending we roll our General Motors (GM) and Micron Technology (MU) puts to higher strikes while keeping the expiration date the same. The income we generate will reduce our net debit on these positions. With GM, we will flip our net debit to cash in hand. If you are not currently in a…
We have put positions in Best Buy (BBY), Crocs (CROX) and Target (TGT) expiring today. Our BBY and CROX puts are on track to expire worthless. I will recommend new puts to sell on these names to reduce our net debits on the positions after the Thanksgiving holiday. I anticipate light trading next week and…
CVS Health (CVS) is selling off today. Let’s book a small profit now rather than roll. Current Stock Price: $93.05 Cash in Hand: $0.47 Action: Buy to close the CVS Nov Monthly (11/19) 93 Put for around $0.32, but adjust as needed to close today. Profit: $0.15, or $15 per contract
I am recommending we roll our Citigroup (C) call out two weeks to generate more income and reduce our cost basis on the position. Our Squarespace (SQSP) put is deep in the money following a two-day sell-off in the stock. Let’s accept shares and we will sell a call against them soon. Finally, I am…
I am recommending we exit our KB Home (KBH) position by buying back our call and selling our shares. Our recovery strategy has allowed us to significantly reduce our potential loss, and I want to put this capital to better use elsewhere. I am also recommending we roll our Western Digital (WDC) call out two…
We have a net debit on Yeti (YETI). I am recommending a new put to sell to reduce that net debit. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be tracking and managing it based on the ongoing position. Current Stock Price: $101.86…
Almost immediately after we initiated our First Solar (FSLR) trade yesterday, news hit that the U.S. Court of International Trade ruled to reduce tariff rates on solar panels, which means lower tariffs on some of First Solar’s competitors’ products. The stock sold off sharply on the news but is recovering some of those losses today. I…
I am recommending we roll our General Motors (GM), Micron Technology (MU) and Pfizer (PFE) puts out two weeks, as trading will be light next week due to the Thanksgiving holiday. The income we generate will reduce our net debits on these recovery positions. Note that we are rolling the PFE put to a significantly…
Let’s book hefty profits on our Marvell Technology (MRVL) and Sunrun (RUN) positions. MRVL Nov Monthly (11/19) 71 Put Current Stock Price: $73.42 Cash in Hand: $0.91 Action: Buy to close the MRVL Nov Monthly (11/19) 71 Put Current Option Price: $0.14-$0.19 Recommended Limit: Set your initial limit order at $0.17, but adjust as needed…
While I am not holding Live Trading Sessions this week, I am recommending new trades in CVS Health (CVS) and First Solar (FSLR). TRADE ONE: Sell to open CVS Nov Monthly (11/19) 93 Put for around $0.47. You can go as low as $0.41, but please don’t start there and always use limit orders. (Current…
While I am not holding a Live Trading Session today, I am recommending three new trades. First, I am recommending a longer-term position on health care apparel maker Figs (FIGS). The stock sold off after a strong earnings report but appears to have stabilized. I am recommending we sell a December put. Next, I want…
Our Sonos (SONO) call expired worthless on Friday leaving us with uncovered shares. The company is scheduled to report earnings on Wednesday, and I do not want to hold a position through the announcement. Thanks to today’s rally in the stock, we can exit with a small profit. Current Stock Price: $35.32 Cost Basis: $35.19…
Our Sonos (SONO) Nov Week Two (11/12) 35 Call is on track to expire worthless. We will simply watch it do so. The company is scheduled to report earnings on Nov. 17. I plan to recommend selling shares prior to the announcement and re-entering the position once the earnings dust settles. Current Stock Price: $34.12…
The short leg our Target (TGT) LEAP call spread is in the money following a run-up in the stock. I am recommending we roll out one month and to a higher strike. We will be spending some cash to do so but capturing an additional $10 in potential appreciation. With the company scheduled to announce…
Williams-Sonoma’s (WSM) earnings are around the corner. I want to play it safe by booking profits on our standalone put and spread positions. WSM Nov Monthly (11/19) 185 Put Current Stock Price: $208.08 Cash in Hand: $7.10 Action: Buy to close the WSM Nov Monthly (11/19) 185 Put for around $2.50, but adjust as needed…
We have a net debit on Best Buy (BBY). I am recommending a put to sell today. The income we generate will reduce that net debit. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be tracking and managing it as an ongoing position.…
I am recommending we roll our Marvell Technology (MRVL) put out one week simply to generate more cash. If you do not currently have a position in this core stock, you can enter one today by selling the Nov. 19 put. Just be aware that we will be managing and tracking based on the ongoing…
I am recommending we roll our General Motors (GM) and Micron Technology (MU) puts out one week and to higher strikes. The income we generate will reduce our net debits on these positions as we work our way toward breakeven. GM Nov Week Two (11/12) 56 Put Current Stock Price: $61.36 Net Debit: $1.06 Action:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Citigroup (C) sold off after the Federal Reserve announcement last week, prompting us to accept shares. Today, I am recommending we sell a call to reduce our cost basis on this core stock. Note that this trade is only for people who already own shares of C uncovered from a previous position. Current Stock Price:…
Corning (GLW) is breaking out. It is time for us to close our very successful rolled position. Current Stock Price: $38.80 Cash in Hand: $1.22 Action: Buy to close the GLW Nov Monthly (11/19) 37 Put Current Option Price: $0.17-$0.25 Recommended Limit: Set your initial limit order at $0.22, but adjust as needed to close…
Home solar system provider Sunrun (RUN) reported excellent earnings yesterday. Revenue more than doubled from last year, due in part to the acquisition of Vivint. And management said its customer count was above 600,000. Let’s take advantage of the post-earnings sell-off to initiate a new position on this core stock. Current Stock Price: $56.20 Action:…
Our Yeti Holdings (YETI) Nov Week One (11/5) 91 Call is in the money and our shares are on track to be called away. The company is scheduled to report earnings next week. We will hold off on selling a put to reduce our net debit on the position until after the announcement. Current Stock…
Our Citigroup (C) put is deep in the money. I am recommending we accept shares, as rolling will generate little, if any, cash. I will recommend a call to sell against them soon. Our Marvell Technology (MRVL) put is on track to expire worthless, allowing us to book the maximum profit. C Nov Week One…
I am recommending we roll our General Motors (GM), Micron Technology (MU) and Pfizer (PFE) puts. The income we generate will reduce our net debits on these recovery positions as we work our way toward breakeven. I am also recommending we roll our Sonos (SONO) call out another week. However, with earnings scheduled to be…
Crocs (CROX) and Williams-Sonoma (WSM) have run up. I am recommending we roll our puts up to higher strikes, while keeping the expiration date the same, to generate more income. If you are not in the current positions and want to enter these trades, you can sell the higher-strike puts. Just be aware that we…
The Trade Desk (TTD) is selling off today. Let’s book profits while we can rather than risk having to roll out past next week’s earnings date. Current Stock Price: $74.11 Cash in Hand: $0.65 Action: Buy to close the TTD Nov Week One (11/5) 70 Put for around $0.35, but adjust as needed to close…
Walgreens Boots Alliance (WBA) is rallying today following an excellent earnings report from competitor CVS Health (CVS). Let’s book profits. Current Stock Price: $49.13 Cash in Hand: $0.51 Action: Buy to close the WBA Nov Week One (11/5) 48 Put Current Option Price: $0.11-$0.13 Recommended Limit: Set your initial limit order at $0.12, but adjust…
Figs (FIGS) is up more than 15% on no real news. With the company expected to announce earnings next week, it makes sense to book a large profit now. Current Stock Price: $39.56 Cash in Hand: $2.15 Action: Buy to close the FIGS Nov Monthly (11/19) 35 Put for around $1.28, but adjust as needed…
I am recommending we close our JPMorgan Chase (JPM) bull put spread ahead of today’s Federal Reserve post-meeting briefing. Current Stock Price: $170.20 Cash in Hand: $0.29 Action: Buy to close the JPM Nov Week One (11/5) 165 Put for around $0.22 Sell to close the JPM Nov Week One (11/5) 162.50 Put for around…
I am recommending we sell a call on our uncovered Western Digital (WDC) shares. The income we generate will reduce our cost basis as we continue with this recovery position. Current Stock Price: $54.89 Cost Basis: $57.17 Action: Sell to open the WDC Nov Week One (11/5) 55 Call for around $0.69, but adjust as…
I am recommending we sell a call on our uncovered Sonos (SONO) shares. The income we generate will reduce our cost basis on the position as we work our way toward breakeven. Note that this trade is only for those who already own shares on SONO uncovered from a previous position. Current Stock Price: $34.46…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we close our Advanced Micro Devices (AMD) put with a very tidy profit. And let’s roll our Crocs (CROX) put up to a higher strike price to generate more income and reduce our net debit on the position. AMD Nov Week One (11/5) 117 Put Current Stock Price: $126.13 Cash in Hand:…
Our Best Buy (BBY) and D.R. Horton (DHI) calls are deep in the money. Therefore, I am recommending we allow our shares to be called away. We will sell puts on the stocks soon to reduce our net debits on the positions. Speaking of earnings, Western Digital (WDC) announced after the close yesterday. Revenue and…
Let’s close our Peloton Interactive (PTON) put rather than roll, booking a small profit. The company is scheduled to report earnings next week. And as I mentioned when we entered the trade, I do not want to hold a position through the announcement. Current Stock Price: $90.15 Cash in Hand: $0.70 Action: Buy to close…
Our Pfizer (PFE) call is slightly in the money. We will simply watch it expire. If our shares are called away, we will sell a put after the company reports earnings next week. If, however, the stock closes below $43, our call will expire worthless. Our Sonos (SONO) call is on track to expire worthless.…
Our Moderna (MRNA) and Roku (ROKU) bull put spreads are on track to expire worthless. We will continue selling spreads on MRNA to reduce our net debit on the position. And we will book the maximum profit on ROKU. MRNA Oct Week Five (10/29) 300/290 Put Spread Current Stock Price: $340.22 Net Debit: $5.49 Action:…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Nov Week One (11/5) 70 Put for around $0.65. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $74.49) TRADE TWO*: Sell to open…
Let’s book profits on our Applied Materials (AMAT), First Solar (FSLR) and SPDR S&P Biotech ETF (XBI) positions. AMAT Nov Week One (11/5) 130 Put Current Stock Price: $135.79 Cash in Hand: $1.77 Action: Buy to close the AMAT Nov Week One (11/5) 130 Put for around $0.74, but adjust as needed to close today…
I am recommending we roll our Corning (GLW) put to buy ourselves some more time and generate additional income. I also want to roll our General Motors (GM) and Micron Technology (MU) puts. These are recovery positions, and the income we generate from rolling will reduce our net debits as we work our way toward…
I am recommending we roll our Yeti Holdings (YETI) call out one week and to a higher strike. While we will be spending some cash to do so, we are also capturing another $1 in potential appreciation. Current Stock Price: $94.58 Cost Basis: $93.80 Action: Buy to close the YETI Oct Week Five (10/29) 90…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open First Solar (FSLR) Oct Week Five (10/29) 109 Put for around $0.74. You can go as low as $0.62, but please don’t start there and always use limit orders. (Current stock price: $111.36) TRADE TWO: Sell to open Advanced…
General Motors (GM) blew through analysts’ earnings estimates for the third quarter this morning. It also reported a 10% year-over-year revenue increase for the first nine months of the year thanks to higher vehicle prices. However, the stock is selling off after CEO Mary Barra said she expects the semiconductor shortage to extend through the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE*: Sell to open Williams-Sonoma (WSM) Nov Monthly (11/19) 175 Put for around $5.55. You can go as low as $5.20, but please don’t start there and always use limit orders. (Current stock price: $181.23) Or… Sell to open the WSM Nov Monthly…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Advanced Micro Devices (AMD) put is on track to expire worthless, allowing us to book the maximum profit.Crocs (CROX) has exploded higher following a terrific earnings report. I am recommending we sell a November put to collect a giant premium. The cash we generate will significantly reduce our net debit on the position. However,…
I am recommending we roll our Citigroup (C) put out two weeks to avoid assignment and more than double our cash in hand. Current Stock Price: $71.57 Cash in Hand: $0.71 Action: Buy to close the C Oct Week Four (10/22) 72 Put for around $0.53 Sell to open the C Nov Week One (11/5)…
Below are the trades from today’s Income Masters Live Trading Session. Action on Existing Position I am recommending we roll our SPDR S&P Biotech ETF (XBI) put out one week. You can sell the Oct. 29 put even if you were not in the previous position. Just be aware that we will be managing and…
I am recommending we roll our Pfizer (PFE) and Sonos (SONO) calls out one week and to higher strikes. This will allow us to capture more potential appreciation. PFE Oct Week Four (10/22) 42.50 Call Current Stock Price: $42.54 Cost Basis: $46.70 Action: Buy to close the PFE Oct Week Four (10/22) 42.50 Call for…
Let’s close our General Motors (GM) put. The company is scheduled to report earnings next week and I do not want to hold a position through the announcement. I will recommend a new put to sell to reduce our net debit once we see how the Street reacts to earnings. I am also recommending we…
I am recommending a new bull put spread on Moderna (MRNA). The income we generate will reduce our net debit on the position. However, you can enter today’s spread even if you were not in the previous position. Just be aware that we will be tracking and managing it based on the ongoing position. And…
I am recommending we roll our Western Digital (WDC) and Yeti Holdings (YETI) calls out one week and to higher strikes. This will allow us to capture more potential appreciation. Note that Western Digital is expected to report earnings on Oct. 28. We will close the trade prior to that and reopen after the announcement…
Starbucks (SBUX) has run up this week. Let’s book a hefty profit now. Current Stock Price: $114.54 Cash in Hand: $2.32 Action: Buy to close the SBUX Oct Week Four (10/22) 114 Put for around $0.52, but adjust as needed to close today Profit: $1.80, or $180 per contract
Target (TGT) has spiked, so I am recommending we roll our short call to a higher strike to avoid being called out and to capture more potential appreciation. Note that no action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time. Current Stock Price: $252.70 Cost Basis: $55.17 Action: Buy to…
While I am not holding a Live Trading Session today, I am recommending new trades on two stocks we trade frequently in Options Income Blueprint. Both companies delivered excellent earnings reports last week. And I am recommending we sell in-the-money puts to collect extremely large premiums. This will give us flexibility to roll or close…
While I am not holding a Live Trading Session today, I am recommending two new trades TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Oct Week Four (10/22) 114 Put for around $1.05. You can go as low as $0.89, but please don’t start there and always use limit orders. (Current stock price:…
We are currently on track to have our Corning (GLW) shares called away at a loss. I am recommending we do so and move on. The stock has been difficult to trade lately, and the company is scheduled to report earnings this month. I am also recommending we roll our KB Home (KBH) call to…
I am recommending we close our Gilead Sciences (GILD) put with a tidy profit. And let’s roll our Micron Technology (MU) put out two weeks. I anticipate the stock bouncing back toward our strike price. GILD Oct Monthly (10/15) 67.50 Put Current Stock Price: $68.25 Cash in Hand: $0.44 Action: Buy to close the GILD…
Our Apple (AAPL), Moderna (MRNA), Peloton Interactive (PTON) and Williams-Sonoma (WSM) bull put spreads are on track to expire worthless. We will continue selling spreads on PTON and MRNA to reduce our net debits on the positions. And we will book the maximum profit on AAPL and WSM. AAPL Oct Monthly (10/15) 135/130 Put Spread…
I am recommending we roll our expiring calls in Best Buy (BBY), D.R. Horton (DHI), Western Digital (WDC) and Yeti Holdings (YETI). BBY Oct Monthly (10/15) 110 Call Current Stock Price: $112.54 Cost Basis: $114.61 Action: Buy to close the BBY Oct Monthly (10/15) 110 Call for around $2.68 Sell to open the BBY Oct…
We are sitting on an excellent profit in our Applied Materials (AMAT) put. Let’s book it now. Current Stock Price: $131.38 Cash in Hand: $3.57 Action: Buy to close the AMAT Oct Monthly (10/15) 130 Put for around $0.52, but adjust as needed to close today Profit: $3.05, or $305 per contract
I am recommending we roll our Starbucks (SBUX) put to buy more time and generate additional income. Let’s also spend some cash to roll our expiring Target (TGT) call up to a higher price to capture more potential appreciation. SBUX Oct Monthly (10/15) 114 Put Current Stock Price: $112.42 Cash in Hand: $1.88 Action: Buy…
I am recommending we roll our General Motors (GM) put, as well as our Pfizer (PFE) and Sonos (SONO) calls. The income we generate will reduce our net debit/cost basis on the positions as we work our way toward breakeven. GM Oct Monthly (10/15) 54 Put Current Stock Price: $58.06 Net Debit: $2.81 Action: Buy…
Let’s book profits on our Twitter (TWTR) put rather than risk holding through expiration for a few more cents of premium. Current Stock Price: $63.30 Cash In Hand: $0.43 Action: Buy to close the TWTR Oct Monthly (10/15) 60 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
It is time to sell a call on our D.R. Horton (DHI) shares to reduce our cost basis on the position. Current Stock Price: $83.41 Cost Basis: $86.59 Action: Sell to open the DHI Oct Monthly (10/15) 84 Call for around $0.66, but adjust as needed to sell a call today New Cost Basis: $85.93
I am recommending we close our Figs (FIGS), Sunrun (RUN) and Walgreens Boots Alliance (WBA) puts. FIGS and RUN have seen some big swings in recent days. I want to book profits on these monthly puts now to avoid the risk of potentially having to roll them into November. I also want to take profits…
Let’s book profits on our expiring Citigroup (C) put rather than risk holding through expiration. Current Stock Price: $72.45 Cash in Hand: $0.51 Action: Buy to close the C Oct Week Two (10/8) 72 Put Current Option Price: $0.09-$0.11 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today…
We were assigned shares of Yeti Holdings (YETI) last week. I am recommending a call to sell against them to reduce our cost basis. Current Stock Price: $85.15 Cost Basis: $94.95 Action: Sell to open the YETI Oct Monthly (10/15) 88 Call for around $0.70, but adjust as needed to sell a call today New…
I am recommending we roll our Applied Materials (AMAT) and Starbucks (SBUX) puts out one week to buy time. Let’s accept shares of D.R. Horton (DHI). I will recommend a call to sell against them soon. Finally, I want to close our SPDR S&P Biotech ETF (XBI) put at a small profit. AMAT Oct Week…
Download Presentation Slides See the Income Masters Bullpen list here.
I am recommending we roll our expiring call positions in Best Buy (BBY), Target (TGT) and Western Digital (WDC) to reduce our cost basis on the positions. BBY Oct Week Two (10/8) 109 Call Current Stock Price: $109.09 Cost Basis: $115.08 Action: Buy to close the BBY Oct Week Two (10/8) 109 Call for around…
We accepted shares of Sonos (SONO) last week. I was waiting for a bounce to recommend a call to sell, and we are getting one today. Note that this recommendation is only for people who already own shares of SONO uncovered from a previous position. Current Stock Price: $32.13 Cost Basis: $36.90 Action: Sell to…
I am recommending we roll our General Motors (GM) and Micron Technology (MU) puts. The income we generate from rolling will reduce our net debits as we work our way toward breakeven. I am also recommending we roll our Pfizer (PFE) call to reduce our cost basis. GM Oct Week Two (10/8) 52 Put Current…
I am recommending we book profits on our Advanced Micro Devices (AMD) bull put spread. We will earn a 10.6% return in just eight days, or 484% annualized. Current Stock Price: $101.68 Cash in Hand: $0.64 Action: Buy to close the AMD Oct Week Two (10/8) 95 Put for around $0.15 Sell to close the…
Bank of America (BAC) is running up today. Let’s pounce on this opportunity to close our put. Our patience and active recovery strategy once again paid off, as we will be exiting the position with a profit. Current Stock Price: $44.45 Cash in Hand: $0.45 Action: Buy to close BAC Oct Week Two (10/8) 42.50…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we roll out D.R. Horton (DHI) put to buy time for the stock to recover. I am also recommending we roll our Corning (GLW) and SPDR S&P Regional Banking ETF (KRE) calls out two weeks. Finally, our Yeti Holdings (YETI) put is deep in the money. Let’s accept shares and we will…
We have positions in Citigroup (C) and Sonos (SONO) expiring today. I am recommending we close our C put rather than risk holding through expiration, as I am a little uncomfortable with how the banks are trading. Our SONO put is deep in the money. Therefore, I am recommending we accept shares. We…
I am recommending we close our Lululemon Athletica (LULU) and Roku (ROKU) bull put spreads rather than risk holding through expiration. We will be exiting the LULU position with a loss, as I do not like the way the stock is trading. With ROKU, we will be accepting a smaller profit, but we’re still earning…
Moderna (MRNA) is down sharply this morning following a report that “human error” was to blame for the metal contaminants in COVID-19 vaccine doses that led Japan to suspend the use of 1.63 million doses. No matter that the recall was announced in August nor that we’re talking about 1.63 million out of the 1…
I am recommending we roll our Bank of America (BAC) put to generate more income. Let’s also book fast profits on our Marvell Technology (MRVL) put. BAC Oct Week One (10/1) 42.50 Put Current Stock Price: $42.54 Cash in Hand: $0.05 Action: Buy to close the BAC Oct Week One (10/1) 42.50 Put for around…
Let’s book profits on our Advanced Micro Devices (AMD) and The Trade Desk (TTD) put positions. AMD Oct Week Two (10/8) 95 Put Note: No action is needed on the AMD Oct Week Two (10/8) 95/90 Put Spread at this time. Current Stock Price: $103.46 Cash in Hand: $1.05 Action: Buy to close the AMD…
Below are the trades from today’s Income Masters Live Trading Session. Action on Existing Position I am recommending we roll our Starbucks (SBUX) put out one week. Note that this trade is only for people who are already in the position. Current Stock Price: $110.71 Cash in Hand: $1.12 Action: Buy to close the SBUX…
I am recommending we roll our positions in General Motors (GM) and Pfizer (PFE) out one week to generate more income. While these are recovery positions, GM and PFE are also two of our core Options Income Blueprint stocks. This means we will be trading them with great frequency, as they continue to throw off…
I am recommending we roll our expiring call positions in Best Buy (BBY), Target (TGT) and Western Digital (WDC). BBY Oct Week One (10/1) 110 Call Current Stock Price: $106.44 Cost Basis: $116.04 Action: Buy to close the BBY Oct Week One (10/1) 110 Call for around $0.13 Sell to open the BBY Oct Week…
Our Micron Technology (MU) put expired worthless on Friday. I said at the time that I would hold off on selling another put to reduce our net debit on the position until after the company announced earnings this week. Micron reported revenue increased 37% year over year to $8.27 billion for its fiscal fourth quarter,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Oct Week One (10/1) 67 Put for around $0.60. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $68.98) TRADE TWO: Sell to open…
I am recommending we roll our Bank of America (BAC) put to a higher strike price for this week, taking advantage of expectations of higher interest rates and greater bank profits. The income we generate will turn our net debit into cash in hand. If the new put expires worthless, we will book a small…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Applied Materials (AMAT) Oct Week Two (10/8) 130 Put for around $2.52. You can go as low as $2.30, but please don’t start there and always use limit orders. (Current stock price: $133.12) TRADE TWO: Sell to open…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our CVS Health (CVS) call expired worthless on Friday, meaning we currently have an uncovered share position. Rather than sell another call, I am recommending we exit the position by selling our shares. We have a nice profit on a position that was underwater a little over a month ago. Current Stock Price: $86.11 Cost…
I am recommending that we book profits on our Figs (FIGS) put. While we’re giving back so cash to do so, we’re booking a 1.9% return in four days, or 169% annualized. Current Stock Price: $39.45 Cash in Hand: $1.50 Action: Buy to close the FIGS Oct Monthly (10/15) 35 Put for around $0.85 Profit:…
CVS Health (CVS) is hovering just below the strike price of our expiring call. I am recommending that we simply watch it expire. If we are called out, we will earn a profit of $1.76, or $176 per 100 shares. If, however, the stock closes below our strike at $85, our call will expire worthless,…
Our Micron Technology (MU) put is on track to expire worthless. We will simply watch it do so. I plan to continue with this recovery trade by selling a put to reduce our net debit. However, the company is expected to report earnings on Tuesday. So, we will wait until after the announcement to enter…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Starbucks (SBUX) Oct Week One (10/1) 114 Put for around $1.12. You can go as low as $1.01, but please don’t start there and always use limit orders. (Current stock price: $114.29) TRADE TWO: Sell to open the…
I am recommending we roll our expiring Corning (GLW), Target (TGT) and Western Digital (WDC) calls to generate more income. GLW Sep Week Four (9/24) 38 Call Current Stock Price: $37.84 Cost Basis: $38.61 Action: Buy to close the GLW Sep Week Four (9/24) 38 Call for around $0.16 Sell to open the GLW Oct…
I am recommending we roll our Bank of America (BAC) and General Motors (GM) puts. These are recovery positions, and the income we generate from rolling will reduce our net debits as we work our way toward breakeven. BAC Sep Week Four (9/24) 41 Put Current Stock Price: $41.43 Net Debit: $0.37 Action: Buy to…
Crocs (CROX) is running higher, and we are looking at a terrific profit after being in the trade for just three days. Let’s close it now. Current Stock Price: $159.92 Cash in Hand: $3.85 Action: Buy to close the CROX Oct Monthly (10/15) 145 Put for around $2.05 Profit: $1.80, or $180 per contract
We are not day traders, but the profits we’re sitting on in Citigroup (C) and Marvell Technology (MRVL) are simply too good to pass up. Let’s book them now. C Sep Week Four (9/24) 65 Put Current Stock Price: $68.74 Cash in Hand: $0.47 Action: Buy to close the C Sep Week Four (9/24) 65…
While there is no Income Masters Live Trading Session being held today, we are going to put on a new trade in my favorite homebuilder, D.R. Horton (DHI). Data released this morning showed mortgage applications rose 2% last week, hitting their highest level since April. This is a good sign for September home sales and…
We have a net debit on Peloton Interactive (PTON) from an ongoing spread position. I am recommending we initiate a new spread today, which will reduce our net debit You can enter today’s spread even if you were not in the previous trade. Just be aware that we will be tracking it as an ongoing…
We accepted shares of Best Buy (BBY) last week. I am recommending a call to sell against them today to reduce our cost basis. If you were not in the previous position and want to sell a call today, be sure to buy 100 shares of the stock first for every call you plan to…
We have a net debit on Lululemon Athletica (LULU) from an ongoing spread position. I am recommending we initiate a new spread today, which will turn our net debit into cash in hand. You can enter today’s spread even if you were not in the previous trade. Just be aware that we will be tracking…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Crocs (CROX) Oct Monthly (10/15) 145 Put for around $3.85. You can go as low as $3.65, but please don’t start there and always use limit orders. (Current stock price: $153.02) TRADE TWO: Sell to open the Figs…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
We have positions in Best Buy (BBY), CVS Health (CVS) and Peloton Interactive (PTON) expiring today. Our BBY put is deep in the money, so I am recommending we accept shares. We will sell a call against them soon to lower our cost basis on the position. Next, I am recommending we roll our CVS…
I am recommending we roll our Pfizer (PFE) call out two weeks. Pfizer is one of our core Options Income Blueprint stocks, which means it is a name I want to trade with great frequency. We are underwater on the position, but I plan to continue to recommend calls to generate income and reduce our…
Let’s book profits on our expiring Marvell Technology (MRVL) and Walgreens Boots Alliance (WBA) puts rather than risk holding through expiration. MRVL Sep Monthly (9/17) 61.50 Put Current Stock Price: $61.88 Cash in Hand: $0.46 Action: Buy to close the MRVL Sep Monthly (9/17) 61.50 Put Current Option Price: $0.17-$0.25 Recommended Limit: Set your initial…
I am recommending we roll our Bank of America (BAC), General Motors (GM) and Micron Technology (MU) puts. These are recovery positions, and the income we generate from rolling will reduce our net debits as we work our way toward breakeven. BAC Sep Monthly (9/17) 40.50 Put Current Stock Price: $40.15 Net Debit: $0.98 Action:…
I am recommending we roll our Sunrun (RUN) and Sonos (SONO) puts. RUN has seen some big swings in recent days. We are rolling out to avoid potential assignment and bring in more income. Since RUN only has monthly options, we are going out to the October monthly expiration. SONO, on the other hand, has…
I am recommending we roll our Corning (GLW), KB Home (KBH), SPDR S&P Regional Banking ETF (KRE), Target (TGT) and Western Digital (WDC) calls. The income we generate will reduce our cost basis on the positions. GLW Sep Monthly (9/17) 39 Call Current Stock Price: $38.47 Cost Basis: $39.33 Action: Buy to close the GLW…
YETI Holdings (YETI) has popped back above our put’s strike. I am recommending we give back some cash to lock in a profit on this volatile stock. Current Stock Price: $100.37 Cash in Hand: $2.65 Action: Buy to close the YETI Sep Monthly (9/17) 100 Put for around $1.10 Profit: $1.55, or $155 per contract
Crox (CROX) is up more than 10% today. Let’s book a fabulous profit now. Current Stock Price: $152.48 Cash in Hand: $3.05 Action: Buy to close the CROX Sep Monthly (9/17) 135 Put for around $0.60 Profit: $2.45, or $245 per contract
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
We were assigned shares of Pfizer (PFE) last week, so I am recommending a call to sell against those shares today. Pfizer is one of our core Options Income Blueprint stocks, which means it is a name I want to trade with great frequency. We are underwater on the position, but I plan to continue…
We were assigned shares of Corning (GLW) last week. I am recommending a call to sell against them to reduce out cost basis. Note that this trade is ONLY for those people who own GLW shares from a previous Income Masters position. Current Stock Price: $38.93 Cost Basis: $39.68 Action: Sell to open the GLW…
Our Pfizer (PFE) Sep Week Two (9/10) 51 Put is too deep in the money to roll. Let’s accept shares, and I will recommend a call to sell soon. Current Stock Price: $46.27 Cash in Hand: $2.37 Action: Accept shares Cost Basis: $48.63
We have positions in Corning (GLW) and Starbucks (SBUX) expiring today. I am recommending we accept shares of GLW. I will recommend a call to sell soon. Our SBUX shares are on track to be called away at a nice profit. GLW Sep Week Two (9/10) 41 Put Current Stock Price: $38.76 Cash in Hand:…
I am recommending we roll our Sonos (SONO) put out one week and to a lower strike to buy time and generate more income. Current Stock Price: $37.91 Cash in Hand: $0.40 Action: Buy to close the SONO Sep Week Two (9/10) 38.50 Put for around $0.78 Sell to open the SONO Sep Monthly (9/17) 38…
I am recommending we roll our expiring calls in CVS Health (CVS), SPDR S&P Regional Banking ETF (KRE), Target (TGT) and Western Digital (WDC). CVS Sep Week Two (9/10) 85 Call Current Stock Price: $85.68 Cost Basis: $84.34 Action: Buy to close the CVS Sep Week Two (9/10) 85 Call for around $0.89 Sell to…
Kroger Co. (KR) is expected to announce earnings tomorrow. I am recommending we book profits now. Current Stock Price: $46.41 Cash in Hand: $1.84 Action: Buy to close the KR Sep Week Two (9/10) 46 Put for around $0.75 Profit: $1.09, or $109 per contract
I am recommending we roll our General Motors (GM) and Micron Technology (MU) puts out one week to generate more income and reduce our net debits on the positions. GM Sep Week Two (9/10) 49 Put Current Stock Price: $48.84 Net Debit: $5.65 Action: Buy to close the GM Sep Week Two (9/10) 49 Put…
Our Bank of America (BAC) shares were called away at a loss at the end of August. However, as I said then, I want to continue the position to work our way back toward breakeven. Therefore, I am recommending a put to sell today. The income we generate will reduce our net debit on the…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread to a lower strike to generate more income. Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time. Current Stock Price: $244.16 Cost Basis: $57.93 Action: Buy to close the TGT Sep Week Two…
While there was no Options Income Blueprint Live Trading Session this week, we are putting on two new positions. The first is on home solar system provider Sunrun (RUN), which is one of our core stocks. We’ve successfully traded it four times since late June, booking $292 in income. Note that the stock only has…
Peloton Interactive (PTON) is down more than 8% today after the company reported a larger-than-expected loss. I expect the sell-off to be short-lived and $100 to hold as support. We have a net debit on PTON from an ongoing spread position. I am recommending we initiate a new silly spread today to reduce that net…
I am recommending we roll our expiring calls in SPDR S&P Regional Banking ETF (KRE), Target (TGT) and Western Digital (WDC). KRE Aug Week Four (8/27) 64 Call Current Stock Price: $66.15 Cost Basis: $65.99 Action: Buy to close the KRE Aug Week Four (8/27) 64 Call for around $2.17 Sell to open the KRE…
I am recommending we roll our Corning (GLW) and Kroger Co. (KR) puts out two weeks to generate more income. Our Lululemon Athletica (LULU) bull put spread is on track to expire worthless. I will be recommending a new spread after Labor Day to reduce our net debit on this position as we approach breakeven.…
Our Bank of America (BAC) Aug Week Four (8/27) 40 Call is in the money. Rather than continue to roll the call, I am recommending we allow our shares to be called away. We will carry over our net debit on the position, and I will recommend a put to sell to reduce that net…
I am recommending we roll our General Motors (GM), Micron Technology (MU) and Pfizer (PFE) puts out two weeks to buy ourselves some more time and generate additional income. GM Aug Week Four (8/27) 49 Put Current Stock Price: $48.83 Net Debit: $6.44 Action: Buy to close the GM Aug Week Four (8/27) 49 Put…
Below are the trades from today’s Income Masters Live Trading Session. Action on Existing Positions I am recommending we roll our CVS Health (CVS) and Starbucks (SBUX) calls. CVS Aug Week Four (8/27) 86 Call Current Stock Price: $82.95 Cost Basis: $84.84 Action: Buy to close the CVS Aug Week Four (8/27) 86 Call for…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Best Buy (BBY) Sep Monthly (9/17) 120 Put for around $3.10. You can go as low as $2.90, but please don’t start there and always use limit orders. (Current stock price: $120.89) TRADE TWO: Sell to open the…
We are not day traders, but the profits we are sitting on in Citigroup (C) and Sonos (SONO) are simply too good to pass up. Let’s close them now with triple-digit annualized returns. C Aug Week Four (8/27) 71.50 Put Current Stock Price: $73.79 Cash in Hand: $0.52 Action: Buy to close the C Aug…
I am recommending we close our LEAP call spread positions in Apple (AAPL), Moderna (MRNA) and Microsoft (MSFT). We are not day traders. But the profit we are sitting on in the MRNA spread we put on yesterday is simply too good to pass up. By closing now, we will earn a 7.7% absolute return…
I am recommending we book profits on Advanced Micro Devices (AMD) and D.R. Horton (DHI). AMD Aug Week Four (8/27) 110 Put Current Stock Price: $109.19 Cash in Hand: $5.16 Action: Buy to close the AMD Aug Week Four (8/27) 110 Put for around $2.02 Profit: $3.14, or $314 per contract DHI Aug Week Four…
Chewy (CHWY) is running up today. Let’s book profits on this rolled position. Current Stock Price: $91.07 Cash in Hand: $1.27 Action: Buy to close the CHWY Aug Week Four (8/27) 85 Put Current Option Price: $0.19-$0.21 Recommended Limit: Set your initial limit order for $0.20, but adjust as needed to close today Profit: $1.07,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Crox (CROX) Sep Monthly (9/17) 135 Put for around $3.05. You can go as low as $2.85, but please don’t start there and always use limit orders. (Current stock price: $145.25) TRADE TWO: Sell to open the Corning…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we close our PulteGroup (PHM) and Sunrun (RUN) puts, taking profits off the table and freeing up capital for new trades. PHM Aug Week Four (8/27) 52 Put Current Stock Price: $53.20 Cash in Hand: $0.87 Action: Buy to close the PHM Aug Week Four (8/27) 52 Put Current Option Price: $0.20-$0.35…
I am recommending we book profits on First Solar (FSLR), Kroger Co. (KR), Taiwan Semiconductor Manufacturing (TSM), SPDR S&P Biotech ETF (XBI) and YETI Holdings (YETI). FSLR Sep Monthly (9/17) 92.50 Put Current Stock Price: $96.40 Cash in Hand: $3.75 Action: Buy to close the FSLR Sep Monthly (9/17) 92.50 Put for around $1.85 Profit:…
I am recommending a call to sell against the Apple (AAPL) LEAP call we own. If you were not in the previous AAPL position but wish to enter a LEAP call spread today, you can do so. Just be sure to purchase the LEAP first and note that we will be managing and tracking it…
I am recommending we sell calls against our uncovered shares in CVS Health (CVS), KB Homes (KBH), Starbucks (SBUX) and Western Digital (WDC). CVS Uncovered Shares Current Stock Price: $85.26 Cost Basis: $85.35 Action: Sell to open the CVS Aug Week Four (8/27) 86 Call for around $0.51 New Cost Basis: $84.84 KBH Uncovered Shares…
Our Apple (AAPL) and KB Home (KBH) calls are on track to expire worthless. And I am recommending we accept shares of CVS Health (CVS). We will sell calls against our AAPL LEAP and KBH and CVS shares soon. AAPL Sept 2022 Call (9/16/22) 120/Aug Monthly (8/20) 150 Call Spread Current Stock Price: $147.87 Cost…
We have positions in Chewy (CHWY), General Motors (GM) and Micron Technology (MU) expiring today I am recommending we roll our CHWY put out one week to avoid potential assignment and collect another big chunk of cash. With our GM and MU calls, I am recommending we again roll to lower strike prices while keeping…
We have three bull put spreads expiring today. Our Lululemon Athletica (LULU) and Roku (ROKU) spreads are on track to expire worthless. The top leg of our Peloton Interactive (PTON) spread is in the money, so I am recommending we spend some cash to close it. With LULU and PTON, we will sell new spreads…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Kroger Co. (KR) Aug Week Four (8/27) 45 Put for around $0.43. You can go as low as $0.36, but please don’t start there and always use limit orders. (Current stock price: $45.73) TRADE TWO: Sell to open…
Stocks sold off late Wednesday following the release of the minutes from the Federal Reserve’s July meeting, which showed that officials mostly agree they will start tapering bond purchases this year. Pfizer (PFE) and PulteGroup (PHM) have dipped below the respective strike prices of the puts we sold. Therefore, I am recommending we roll out…
I am recommending we roll our Advanced Micro Devices (AMD), D.R. Horton (DHI) and SPDR S&P Regional Banking ETF (KRE) positions. AMD Aug Monthly (8/20) 110 Put Current Stock Price: $104.77 Cash in Hand: $4.26 Action: Buy to close the AMD Aug Monthly (8/20) 110 Put for around $5.45 Sell to open the AMD Aug…
Let’s book profits on Corning (GLW). And I am recommending we roll our YETI Holdings (YETI) put simply to generate more cash. GLW Aug Monthly (8/20) 40.50 Put Current Stock Price: $40.75 Cash in Hand: $0.45 Action: Buy to close the GLW Aug Monthly (8/20) 40.50 Put for around $0.20 Profit: $0.25, or $25 per…
Let’s book profits on our McDonald’s (MCD) and Moderna (MRNA) bull put spreads, earning stellar rates of return. MCD Aug Monthly (8/20) 230/225 Put Spread Current Stock Price: $237.98 Cash in Hand: $0.46 Action: Buy to close the MCD Aug Monthly (8/20) 230 Put for around $0.10 Sell to close the MCD Aug Monthly (8/20)…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the CVS Health (CVS) Aug Monthly (8/20) 86 Put for around $0.65. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $85.89) TRADE TWO: Sell to open the…
I am recommending we roll our Bank of America (BAC), General Motors (GM) and Micron Technology (MU) calls. With BAC, I am recommending we spend a little cash to capture another $0.50 in potential appreciation. With GM and MU, we are taking a different approach. I am recommending we roll to significantly lower strike prices…
I am again recommending we roll our Pfizer (PFE) put to a higher strike price to generate more income and increase our potential rate of return. Note that we are keeping the expiration date the same. With the White House expected to recommend booster doses of COVID-19 vaccines to most Americans and FDA permanent authorization…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the YETI Holdings (YETI) Aug Monthly (8/20) 95 Put for around $0.80. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $97.17) TRADE TWO: Sell to open the…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we take profits off the table in Crocs (CROX), Sonos (SONO) and Williams-Sonoma (WSM). CROX Aug Monthly (8/20) 140 Put Current Stock Price: $144.19 Cash in Hand: $2.10 Action: Buy to close the CROX Aug Monthly (8/20) 140 Put for around $0.95 Profit: $1.15, or $115 per contract SONO Aug Monthly (8/20)…
I am recommending we roll our Pfizer (PFE) put to a higher strike price to generate more income. Note that we are keeping the expiration date the same. The federal government reportedly plans to recommend booster doses of COVID-19 vaccines to most Americans. I do not think this has been fully priced into PFE shares.…
Our First Solar (FSLR) Aug Week Two (8/13) 90 Call is in the money, and we are on track to be called out of our shares at a profit. This was a great example of a recovery trade in action. FSLR sold off shortly after we sold a put on the stock. But we were…
I am recommending we book profits on Chewy (CHWY) and SPDR S&P Biotech ETF (XBI). Our Starbucks (SBUX) and Western Digital (WDC) puts are in the money. Rather than roll, I am recommending we accept shares. We will sell calls against them soon. CHWY Aug Week Two (8/13) 90 Put Current Stock Price: $96.71 Cash…
Citigroup (C) has moved up since we put on our position earlier this week and we are sitting on a great profit. Let’s book it now since you never know what a Friday can bring, especially when trading is light. Current Stock Price: $73.92 Cash in Hand: $0.46 Action: Buy to close the C Aug…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Sonos (SONO) Aug Monthly (8/20) 35.50 Put for around $0.70. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $36.73) TRADE TWO: Sell to open the Crocs…
I am recommending we roll our Advanced Micro Devices (AMD) put and the short leg of our Microsoft (MSFT) LEAP call spread. AMD Aug Week Two (8/13) 110 Put Current Stock Price: $106.59 Cash in Hand: $2.76 Action: Buy to close the AMD Aug Week Two (8/13) 110 Put for around $3.75 Sell to open…
I am recommending we roll our General Motors (GM) call and Pfizer (PFE) put out one week to generate more income. GM Aug Week Two (8/13) 55 Call Current Stock Price: $54.51 Cost Basis: $56.64 Action: Buy to close the GM Aug Week Two (8/13) 55 Call for around $0.21 Sell to open the GM…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Chewy (CHWY) Aug Week Two (8/13) 90 Put for around $0.75. You can go as low as $0.64, but please don’t start there and always use limit orders. (Current stock price: $91.45) TRADE TWO: Sell to open the…
We accepted shares of CVS Health (CVS) last week, expecting to sell calls against them. However, the runup in the stock this week has us sitting on a profit. Trading in COVID-19 vaccine-related stocks has been uneven today — with Moderna (MRNA) and Pfizer (PFE) getting hit, while CVS is up. For that reason, I…
I am recommending we sell an in-the-money call against our uncovered General Motors (GM) shares. If we are called out, this will be the last trade for this service. Current Stock Price: $53.54 Action: Sell to open the GM Aug Week Two (8/13) 53 Call Current Option Price: $0.81-$0.87 Recommended Limit: Set your initial limit…
Let’s book profits on our Chewy (CHWY) and YETI Holdings (YETI) puts. CHWY Aug Week Two (8/13) 87.50 Put Current Stock Price: $91.16 Cash in Hand: $1.27 Action: Buy to close the CHWY Aug Week Two (8/13) 87.50 Put for around $0.45 Profit: $0.82, or $82 per contract YETI Aug Monthly (8/20) 97.50 Put Current…
I am recommending we sell a call against our uncovered Microsoft (MSFT) LEAP. MSFT Sept 2022 (9/16/22) 250 Call Note: If you were not in the previous MSFT LEAP call spread trade and want to enter one today, you must first buy the MSFT Sept 2022 (9/16/22) 250 Call before selling today’s call. However, please…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Moderna (MRNA) is up more than 15% today on relatively unimportant news — the provisional authorization of the company’s COVID-19 vaccine in Australia. This indicates today’s trading is a massive short squeeze. Let’s cash in by closing our spread and avoid being called out. We will likely enter another MRNA spread position soon. Current Stock…
As we alerted you recently, we have officially closed the Perpetual Income Portfolio Club. However, we still have an ongoing trade in General Motors (GM). The stock has bounced back some after getting slammed Wednesday following the release of the company’s second-quarter earnings report. Earnings fell short of analyst expectations due in part to warranty…
Let’s book fast profits on our monthly Crocs (CROX) put. I am also recommending we accept shares of CVS Health (CVS). We will sell calls against them. Finally, the short leg of our Microsoft (MSFT) LEAP call spread is on track to expire worthless. We will simply watch it do so and sell another call…
The S&P 500 rose to a record intraday high this morning following the release of stronger-than-expected employment data. I want to grab profits while we can by closing our Citigroup (C), Pfizer (PFE) and Walgreens Boots Alliance (WBA) puts. C Aug Week Two (8/13) 67 Put Current Stock Price: $70.86 Cash in Hand: $0.73 Action:…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Chewy (CHWY) Aug Week Two (8/13) 87.50 Put for around $1.27. You can go as low as $1.15, but please don’t start there and always use limit orders. (Current stock price: $90.80) TRADE TWO: Sell to open the…
The banking sector appears to have put in a bottom and is gaining upward momentum. I am recommending we roll our Bank of America (BAC) call out two weeks to generate more cash and reduce our cost basis on the position. We are also moving up the strike to capture more potential appreciation. General…
I am recommending we roll our Advanced Micro Devices (AMD) put out one week and to a higher strike to generate more cash. Current Stock Price: $113.94 Cash in Hand: $0.99 Action: Buy to close the AMD Aug Week One (8/6) 109 Put for around $0.54 Sell to open the AMD Aug Week Two (8/13)…
I am recommending we roll our expiring Apple (AAPL) and SPDR S&P Regional Banking ETF (KRE) calls out two weeks. AAPL Sept 2022 Call (9/16/22) 120/Aug Week One (8/6) 149 Call Spread Note: No action is needed on the AAPL Sept 2022 Call (9/16/22) 120 Call at this time. Current Stock Price: $147.10 Cost Basis:…
I am recommending we roll our First Solar (FSLR) and Micron Technology (MU) calls. With FSLR, we will be rolling strike to strike to generate income to reduce our cost basis. With MU, we are rolling out two weeks and to a higher strike to capture more potential appreciation. Currently, you can roll for a…
It’s time to close our Marvell Technology Group (MRVL) position with a tiny profit. This may not feel like a win, but it is. It took us more than five and a half months, but we have finally gotten to breakeven on a trade that was deep under water. The MRVL trade is proof that…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the CVS Health (CVS) Aug Week One (8/6) 83 Put for around $0.76. You can go as low as $0.68, but please don’t start there and always use limit orders. (Current stock price: $83.13) TRADE TWO: Sell to open…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week One (8/6) 109 Put for around $0.99. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $111.70) TRADE TWO: Sell to…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Pfizer (PFE) is moving higher this week on vaccine-related news following last week’s pop on strong earnings results. It is becoming increasingly clear that people are going to require booster shots as coronavirus cases rise due to the Delta variant. That means more doses of Pfizer’s COVID-19 vaccine will be needed. The Food and Drug…
As we alerted you recently, we are closing the Perpetual Income Portfolio Club, effective tomorrow. However, all trades will be managed to their proper conclusion, and I’ll continue to send alerts as needed until all positions are closed. Our customer care team will be reaching out to all of you with membership choices and any…
We were assigned shares of First Solar (FSLR) last week, but I held off on recommending a call to see how investors would respond to this week’s earnings report. That turned out to be the right move as the stock is up big today following the announcement. The company easily beat analysts’ earnings estimates, with…
Starbucks (SBUX) is running up with the broader market. Let’s keep the profits rolling in by closing it now. Current Stock Price: $123.13 Cash in Hand: $0.70 Action: Buy to close the SBUX Jul Week Five (7/30) 122 Put for around $0.14 Profit: $0.56, or $56 per contract
Citigroup (C) is up around 2% today. Let’s book fast profits now, earning an excellent annualized rate of return. Current Stock Price: $69.44 Cash in Hand: $0.51 Action: Buy to close the C Jul Week Five (7/30) 67 Put Current Option Price: $0.06-$0.07 Recommended Limit: Set your initial limit order at $0.07, but adjust as…
I am recommending we close the protective put we purchased on Apple (AAPL) and roll the short leg of the LEAP call spread to a lower strike. I am also recommending a call to sell against our uncovered SPDR S&P Regional Banking ETF (KRE) shares. AAPL Sept 2022 Call (9/16/22) 120/Aug Week One (8/6) 152.50…
I am recommending we book fast profits on our Advanced Micro Devices (AMD) and Crocs (CROX) puts. There’s simply too much cash on the table to pass up, and what’s left in premium does not justify the capital that it would tie up. AMD Aug Week One (8/6) 95 Put Current Stock Price: $102.52 Cash…
I am recommending we roll our Marvell Technology Group (MRVL) put out one week and to a higher strike. This will allow us to turn our net debit into cash in hand. And let’s close Twitter (TWTR) early. We have a terrific profit after just three days in the position. MRVL Jul Week Five (7/30)…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week One (8/6) 95 Put for around $1.63. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $96.66) TRADE TWO: Sell to…
We were assigned shares of General Motors (GM) last week. The company is scheduled to report earnings next week, and I have decided we should hold a position through the announcement. Therefore, I am recommending a call to sell against our uncovered shares to generate income and reduce our cost basis. Note that this trade…
As I mentioned in this week’s Live Trading Session, I was hoping to put on a post-earnings trade in Pfizer (PFE). The stock is up more than 2% today following the release of the company’s report, with revenue and earnings exceeding analyst expectations. Management said its COVID-19 vaccine helped to almost double overall sales in…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Chewy (CHWY) put expired worthless last week, so I am recommending another one today. Apple (AAPL) is scheduled to report earnings today after the close. I will recommend a put to sell once we see how traders react. I am waiting for a bounce in General Motors (GM) before selling a call on our…
Pfizer (PFE) is continuing its move higher today. With the company set to report earnings on Wednesday, I am recommending we book profits on the position. We may trade PFE again following the announcement. Current Stock Price: $41.82 Cash in Hand: $0.97 Action: Buy to close the PFE Jul Week Five (7/30) 39.50 Put Current…
Twitter (TWTR) is running up following the release of better-than-expected second-quarter earnings. Revenue grew at the fastest pace since 2014 at 74% year over year. It’s true that last year’s second quarter was depressed because of the pandemic, but this year’s results still easily beat Wall Street’s estimates. We sat this week out to avoid…
Our SPDR S&P Regional Banking ETF (KRE) trade has not worked out well, to say the least. After we accepted shares in mid-June, the fund continued to sell off. Our KRE Jul Week Four (7/23) 64.50 Call is on track to expire worthless, and we will simply watch it do so. I plan to initiate…
Our First Solar (FSLR) and General Motors (GM) puts are deep in the money. The premiums for rolling are not attractive. Therefore, I am recommending we accept shares and will sell calls against them. FSLR is expected to report earnings on July 29. We may exit the position prior to that and re-enter following the…
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I am recommending we roll the short leg of our Apple (AAPL) LEAP call spread. However, with the company set to announce earnings next week, I am also recommending we buy a protective put. This will create a collar, and the income from the roll will help cover the cost of the put. If you…
We have a net debit on Lululemon Athletica (LULU) from ongoing spread positions. I am recommending we initiate a new spread today to generate income and reduce that net debit. You can enter today’s spread even if you were not in the previous trade. Just be aware that we will be tracking it as an…
I am recommending we roll our Bank of America (BAC) and Micron Technology (MU) calls down and out two weeks. This will allow us to generate income and reduce our cost basis on the positions. BAC Jul Week Four (7/23) 39.50 Call Current Stock Price: $37.95 Cost Basis: $41.90 Action: Buy to close the BAC…
I am recommending we roll our Pfizer (PFE) put out one week and down one strike to generate more income. As I said in this week’s OIB Market Update, I intend to trade PFE for weeks or even months. Today’s roll puts our expiration after the company’s expected earnings date of July 28. If you…
Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trade by accepting less premium than the “go as low as” price recommended below. Work…
Chewy (CHWY) and General Motors (GM) were hit hard this week, pushing our puts into the money. I believe the sell-off in these stocks will be short-lived and a rebound will ensue. Therefore, I am recommending we roll our puts to avoid assignment and buy ourselves some time. Our Twitter (TWTR) put is also in…
I am recommending we roll our First Solar (FSLR) and General Motors (GM) puts to avoid assignment and buy ourselves some time for the stocks to move higher. Clean energy stocks were hit hard this week, but I believe the sell-off will be short-lived and a rebound will ensue. Both FSLR and GM have…
We have Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads expiring today. Our LULU spread is on track to expire worthless. We will sell a new spread soon to continue to work down our net debit on the position. PTON, on the other hand, needs to be rolled to avoid assignment. LULU Jul Week…
I believe the sell-off in Walgreens Boots Alliance (WBA) will be short-lived. Therefore, I am recommending we roll our put out one week and up one strike to take advantage of elevated option premiums. Current Stock Price: $46.40 Cash in Hand: $0.87 Action: Buy to close the WBA Jul Monthly (7/16) 47.50 Put for around…
Semiconductor stocks sold off this week despite strong demand for chips used to power smartphones, laptops and cars. I believe this will be a short-term decline. I am recommending we roll our Marvell Technology Group (MRVL) put and Micron Technology (MU) call as we continue to work our way toward breakeven on these positions. MRVL…
Bank of America (BAC) sold off despite reporting $21.6 billion in revenue and earnings per share of $1.03 for the second quarter, along with the release of $2.2 billion in loan loss reserves. However, management said net interest income fell 6% compared to the same quarter last year due to the low interest-rate environment. I…
I am recommending we roll our KB Home (KBH), SPDR S&P Regional Banking ETF (KRE) and Williams-Sonoma (WSM) call positions. KBH Jul Monthly (7/16) 46 Call Current Stock Price: $38.92 Cost Basis: $46.28 Action: Buy to close the KBH Jul Monthly (7/16) 46 Call for around $0.05 Sell to open the KBH Aug Monthly (8/20)…
I am recommending we close our QuantumScape (QS) and Target (TGT) positions. As I said last week, QS has sold off sharply since we initiated the position in early April, and I do not expect a recovery in this speculative stock in the foreseeable future. Therefore, I am recommending we sell our shares at a…
Let’s book profits on Sunrun (RUN). Current Stock Price: $54.81 Cash in Hand: $2.35 Action: Buy to close the RUN Jul Monthly (7/16) 55 Put Current Option Price: $1.55-$1.60 Recommended Limit: Set your initial limit order at $1.60, but adjust as needed to close today Profit: $0.75, or $75 per contract Rate of Return: 1.4%…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Let’s book profits on Crocs (CROX) and Sonos (SONO). CROX Jul Monthly (7/16) 110 Put Current Stock Price: $115.99 Cash in Hand: $1.90 Action: Buy to close the CROX Jul Monthly (7/16) 110 Put for around $0.35 Profit: $1.55, or $155 per contract SONO Jul Monthly (7/16) 35 Put Current Stock Price: $35.17 Cash in…
Apple (AAPL) has run away from us, and we find ourselves with a deep-in-the-money call. I want to continue with the position. Therefore, I am recommending we close the existing spread with a small net debit and put on a new spread. Current Stock Price: $146.26 Cost Basis: $31.97 Action: Buy to close the…
Our Chewy (CHWY) put and Roku (ROKU) bull put spread are on track to expire worthless. I consider the CHWY trade to be a great success. By exercising patience with our recovery trade, we were able to turn a big paper loss into a small profit. With ROKU, we will earn a 5% return on…
General Motors (GM) sold off early this week, stabilized and then got hit again when the broader market fell sharply on Thursday. It is bouncing back today due to a bullish analyst recommendation that said the company should be valued as an electric vehicle stock rather than a traditional automaker. I am recommending we roll…
General Motors (GM) sold off early this week, stabilized and then got hit again when the broader market fell sharply on Thursday. It is bouncing back today due to a bullish analyst recommendation that said the company should be valued as an electric vehicle stock rather than a traditional automaker. I am recommending we roll…
I am recommending we close our First Solar (FSLR) and Western Digital (WDC) puts at a profit. Our QuantumScape (QS) call is on track to expire worthless. The stock has sold off sharply since we initiated the position in early April. As I said then, QuantumScape is a speculative company, as well as a speculative…
D.R. Horton (DHI) is running up today. Let’s book fast profits. Current Stock Price: $93.41 Cash in Hand: $1.73 Action: Buy to close the DHI Jul Monthly (7/16) 90 Put Current Option Price: $0.52-$0.56 Recommended Limit: Set your initial limit order at $0.54, but adjust as needed to close today Profit: $1.19, or $119 per…
Below are the trades from today’s Income Masters Live Trading Session. Note: We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. The spreads I recommended today will reduce those net debits. However, you can enter today’s spreads even if you were not in the previous trades. Just be…
Our Apple (AAPL), Chewy (CHWY) and Twitter (TWTR) puts expired worthless last week. The holiday-shortened week got off to a rough start following last week’s record highs. With trading volume likely to remain light this week, I am recommending we sell monthly puts on these three names today. Note that no action is needed on…
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Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session, where I also discussed Calculating Rates of Return, on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by…
General Motors (GM) has struggled to stay above the $60 price point, despite being ahead of Ford (F) in procuring chips (at least for now) and in its electric vehicle plans. Therefore, we will spend a little cash and roll our put down to a lower strike price. Current Stock Price: $59.30 Action: Buy to…
With the stock market closed on Monday for Independence Day, tomorrow promises to be a light trading day. I am recommending we take profits now on our D.R. Horton (DHI) and Western Digital (WDC) puts. Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless tomorrow. We will sell…
I am recommending we sell a call against our uncovered SPDR S&P Regional Banking ETF (KRE) shares. I also want to roll our Chewy (CHWY) put and QuantumScape (QS) call. Finally, our Invesco Solar ETF (TAN) call is deep in the money. I believe the ETF is overbought, but I am recommending we take a…
We have positions in Bank of America (BAC), General Motors (GM), Marvell Technology Group (MRVL), Micron Technology (MU) and Twitter (TWTR) expiring this week. I am disappointed BAC did not move higher this week after the bank said it will increase its quarterly dividend. I am recommending we accept shares tomorrow and will sell a call…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Western Digital (WDC) Jul Week One (7/2) 70 Put for around $0.77. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $70.83) TRADE TWO: Sell to open…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work your…
Our SPDR S&P Regional Banking ETF (KRE) Jun Week Four (6/25) 70 Call is on track to expire worthless. We will sell another call against our shares once we see how far financial stocks run up on the positive results from the Federal Reserve’s latest stress test. Current Stock Price: $67.39 Cost Basis: $69.70 Action:…
We have positions in Bank of America (BAC) and iShares Global Clean Energy ETF (ICLN) expiring today. I am recommending we roll our BAC put out one week and to a higher strike. I believe we will see bank stocks continue to move up following the positive results from the Federal Reserve’s latest stress test.…
We are sitting on a terrific profit with our Target (TGT) LEAP call spread. Let’s close it now. Current Stock Price: $241.05 Cost Basis: $39.28 Action: Buy to close the TGT Jul Week One (7/2) 242.50 Call for around $1.55 Sell to close the TGT Mar 2022 (3/18/22) 200 Call for around $46.15 Profit: $5.32,…
I am recommending we book profits on Sunrun (RUN) and YETI Holdings (YETI). RUN Jul Monthly (7/16) 45 Put Current Stock Price: $55.22 Cash in Hand: $1.30 Action: Buy to close the RUN Jul Monthly (7/16) 45 Put Current Option Price: $0.55-$0.65 Recommended Limit: Set your initial limit order at $0.60, but adjust as needed…
I am recommending we roll our Chewy (CHWY) put and QuantumScape (QS) call. CHWY Jun Week Four (6/25) 76 Put Current Stock Price: $80.13 Net Debit: $2.05 Action: Buy to close the CHWY Jun Week Four (6/25) 76 Put for around $0.12 Sell to open the CHWY Jul Week One (7/2) 80 Put for around…
I am recommending we roll our Marvell Technology Group (MRVL) put out one week and to a higher strike to generate more income. Let’s also roll our Micron Technology (MU) call. With the company expected to announce earnings next week, we are going with a strike that is well out of the money and…
Our S&P 500 (SPX) hedges are on track to expire worthless. Remember that this was the goal for these purely defensive positions. However, we did manage to reduce the cost of our standalone put hedge when the market sold off last week following the Federal Reserve announcement. I will recommend new hedges the next time…
Corning (GLW) is having trouble breaking above $41. Let’s book a modest profit now rather than rolling. We may trade this stock again soon. Current Stock Price: $40.93 Cash in Hand: $0.54 Action: Buy to close the GLW Jun Week Four (6/25) 41 Put Current Option Price: $0.25-$0.37 Recommended Limit: Set your initial limit order…
Our Apple (AAPL) and Chewy (CHWY) puts expired worthless on Friday. I held off on putting on new positions on Monday and Tuesday to see if this rebound had legs. It appears it does, and I am recommending new puts to sell today that expire next week. I am also recommending we roll our General…
Let’s book fast profits on our Twitter (TWTR) put. Current Stock Price: $64.76 Cash in Hand: $0.26 Action: Buy to close the TWTR Jun Week Four (6/25) 61 Put Current Option Price: $0.08-$0.09 Recommended Limit: Set your initial limit order at $0.09, but adjust as needed to close today Profit: $0.17, or $17 per contract…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending calls to sell against our uncovered KB Home (KBH) and Williams-Sonoma (WSM) shares, as well as our Target (TGT) LEAP. KBH Uncovered Shares Current Stock Price: $42.68 Cost Basis: $47.03 Action: Sell to open the KBH Jul Monthly (7/16) 46 Call for around $0.75 New Cost Basis: $46.28 TGT Mar 2022 (3/18/22)…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Jun Monthly (6/18) 128 Put Apple (AAPL) remains stuck, but if it stays above $130 for another few days, we can assume it has entered a new trading range with a higher floor. Our put is on track to…
We have calls in KB Home (KBH) and Target (TGT) expiring today, as well as a Williams-Sonoma (WSM) put. Our KBH and TGT calls are on track to expire worthless. We will sell new calls soon. Our WSM put is deep in the money. I am recommending we accept shares and will sell a call…
Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless. We will sell new spreads soon to continue to work down our net debits on the positions. LULU Jun Monthly (6/18) 315/305 Put Spread Current Stock Price: $345.64 Net Debit: $3.08 Action: Watch spread expire worthless PTON Jun Monthly…
I am recommending we roll our put positions in General Motors (GM) and Twitter (TWTR) out one week to avoid assignment. We are buying time in anticipation of a rebound, and picking up some cash in the process. GM Jun Monthly (6/18) 61.50 Put Current Stock Price: $60.31 Action: Buy to close the GM Jun…
The market sell-off following the Federal Reserve announcement has pushed our Bank of America (BAC), Corning (GLW) and YETI Holdings (YETI) puts into the money. I am recommending we roll them out one week in anticipation of a rebound. BAC Jun Monthly (6/18) 43 Put Current Stock Price: $40.14 Cash in Hand: $0.55 Action: Buy…
I am recommending we roll our Marvell Technology Group (MRVL) put and Micron Technology (MU) call. MRVL Jun Monthly (6/18) 53 Put Current Stock Price: $55.15 Net Debit: $4.45 Action: Buy to close the MRVL Jun Monthly (6/18) 53 Put for around $0.10 Sell to open the MRVL Jun Week Four (6/25) 54 Put for…
Sonos (SONO) is struggling to climb above $35 — the strike price of our put. Given there are only monthlies in the option chains, I want to close now with a small profit rather than roll the position. Current Stock Price: $34.39 Cash in Hand: $0.82 Action: Buy to close the SONO Jun Monthly (6/18)…
I am recommending we roll our expiring positions in Apple (AAPL), Chewy (CHWY), QuantumScape (QS) and Invesco Solar ETF (TAN). AAPL Jan Monthly (1/21/22) 100/Jun Monthly (6/18) 127 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $131.78 Cost Basis: $31.22 Action: Buy…
Stocks are dropping sharply following the Federal Reserve’s June monetary policy decision. While it held rates near zero, Fed officials projected two possible rate hikes by the end of 2023. Our S&P 500 (SPX) put is profitable, so I am recommending we roll it to a lower strike. This will reduce the cost of our…
Our Square (SQ) spread has worked out exactly as we’d hope. Let’s book profits now. Current Stock Price: $226.42 Cost Basis: $77.15 Action: Buy to close the SQ Jun Monthly (6/18) 230 Call for around $2.10 Sell to close the SQ Jun 2022 (6/17/22) 150 Call for around $85.50 Set initial credit limit at $83.40…
Crocs (CROX) is exactly where we want it to be. Let’s book profits now. Current Stock Price: $110.04 Cost Basis: $104.49 Action: Buy to close the CROX Jun Monthly (6/18) 110 Call for around $1.73 Sell shares at market Profit: $3.82, or $382 per 100 shares
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Marvell Technology Group (MRVL) shares were called away on Friday, resulting in a net debit. As I said last week, Marvell Technology is a fabulous company. So, we will continue to manage this position by selling puts to reduce our net debit and work our way toward breakeven. You can enter today’s trade even…
I am taking a more selective approach to index hedging in an effort to reduce the cost and increase the effectiveness. Rather than remaining hedged at all times, I plan to put on hedges in anticipation of events that may disrupt the market. I am recommending new hedges today — a S&P 500 (SPX) put…
We have a net debit on Chewy (CHWY), so I am recommending a new put to sell now that the stock appears to be stabilizing following the company’s earnings report. I am also recommending a call to sell against our uncovered SPDR S&P Regional Banking ETF (KRE) shares to reduce our cost basis. Note that…
Our Apple (AAPL) and Twitter (TWTR) puts expired worthless on Friday, so I am recommending new puts to sell today. I am also recommending a new put to sell on Chewy (CHWY) now that the stock appears to be stabilizing following the company’s earnings report. Note that no action is needed on our General Motors…
I am recommending we roll our General Motors (GM) put out one week and to a lower strike rather than accept shares. We can pick up a good deal of cash for this roll. If you are not currently in a GM position, you can enter one now by selling the monthly put. Current Stock…
Our Apple (AAPL) and Marvell Technology Group (MRVL) calls are in the money and our shares are on track to be called away. With Apple, we will be exiting with a small profit, but a profit, nonetheless. This is a win for us, as we were deep underwater on the position at one point. While…
Let’s book profits on our Etsy (ETSY) and Western Digital (WDC) puts. And I am recommending we accept shares of SPDR S&P Regional Banking ETF (KRE). We will sell a call to reduce our cost basis soon. ETSY Jun Week Two (6/11) 165 Put Current Stock Price: $166.55 Cash in Hand: $1.21 Action: Buy to…
I am recommending we roll our expiring positions in Apple (AAPL) and QuantumScape (QS). And let’s book profits on our Advanced Micro Devices (AMD) put and General Motors (GM) call spread. AAPL Jan Monthly (1/21/22) 100/ Jun Week Two (6/11) 127 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100…
I am recommending we roll our Bank of America (BAC) put to buy ourselves more time and bring in additional income. Let’s also roll our iShares Global Clean Energy ETF (ICLN) and Micron Technology (MU) calls to reduce our cost basis on the positions as we continue to work our way toward breakeven. BAC Jun…
Let’s book fast profits on our YETI Holdings (YETI) put. Current Stock Price: $94.77 Cash in Hand: $0.80 Action: Buy to close the YETI Jun Week Two (6/11) 90.50 Put Current Option Price: $0.05-$0.15 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit: $0.70, or $70 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Etsy (ETSY) Jun Week Two (6/11) 165 Put for around $1.21. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $168.57) TRADE TWO: Sell to open the…
We’re not day traders, but the profits in Brinker International (EAT) are simply too good to pass up. Let’s close it now. Current Stock Price: $64.13 Cash in Hand: $1.10 Action: Buy to close the EAT Jun Monthly (6/18) 60 Put Current Option Price: $0.50-$0.60 Recommended Limit: Set your initial limit order at $0.55, but…
Brinker International (EAT) is trading almost $10 above our put’s strike price. Let’s book excellent profits now and free up capital for future trades. Current Stock Price: $64.02 Cash in Hand: $1 Action: Buy to close the EAT Jun Monthly (6/18) 55 Put for around $0.20 Profit: $0.80, or $80 per contract
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Apple (AAPL), Chewy (CHWY) and Twitter (TWTR) shares were called away on Friday, and our General Motors (GM) put expired worthless. I am recommending new puts to sell on AAPL, GM and TWTR. CHWY is expected to report earnings on Thursday, so I am holding off on putting on a new position until after…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Jun Week Two (6/11) 125 Call Apple (AAPL) appears to have a new ceiling in play at the $125 level, and it may take a rally in the broader tech sector for the stock to break through it. AAPL…
Our Chewy (CHWY) shares are on track to be called away, which will result in a net debit on the position. I will recommend a put to sell after the company announces earnings next week. I am recommending we roll our SPDR S&P Regional Banking ETF (KRE) put out one week. And let’s book profits…
I am recommending we spend a few cents to close the top leg of our Microsoft (MSFT) spread to avoid the risk of shares reversing. The bottom leg is on track to expire worthless. Our Peloton Interactive (PTON) spread is set to expire worthless. We will sell a new spread soon to continue to work…
As I’ve been saying, I’m looking to exit our Apple (AAPL) position. However, I have no intention of doing so at a loss of more than a few pennies. Therefore, rather than sell our shares outright, I am recommending we sell another call to reduce our cost basis on the position. If our shares are…
Walgreens Boots Alliance (WBA) is giving us the opportunity to take profits. Let’s not pass it up. Current Stock Price: $54.88 Cash in Hand: $1.07 Action: Buy to close the WBA Jun Week One (6/4) 55.50 Put Current Option Price: $0.61-$0.79 Recommended Limit: Set your initial limit order at $0.70, but adjust as needed to…
Our most recent S&P 500 (SPX) hedges are on track to expire worthless. I will recommend new defensive positions soon. Current Index Price: 4,219.97 SPX Jun Week One (6/4) 3850 Put Net Debit: $32.80 Action: Watch put expire worthless SPX Jun Week One (6/4) 3850/3800 Put Spread Cash in Hand: $0.45 Action: Watch spread expire…
I am recommending we book profits on First Solar (FSLR) and Charles Schwab (SCHW) rather than holding through expiration and risk having to roll. There’s simply too much cash on the table to pass up the opportunity. FSLR Jun Week One (6/4) 74 Put Current Stock Price: $76.77 Cash in Hand: $0.54 Action: Buy to…
I am recommending we roll our expiring calls in QuantumScape (QS) and Invesco Solar ETF (TAN). QS May Week Four (5/28) 30 Call Current Stock Price: $29.41 Cost Basis: $38.19 Action: Buy to close the QS Jun Week One (6/4) 28 Call for around $1.60 Sell to open the QS Jun Week Two (6/11) 29…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Jun Week One (6/4) 71 Put for around $0.39. You can go as low as $0.33, but please don’t start there and always use limit orders. (Current stock price: $71.15) TRADE TWO:…
I am recommending we roll the short leg of our Apple (AAPL) LEAP call spread out one week and to a lower strike to generate more income. Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $123.61 Cost Basis: $32.61 Action: Buy to close the…
Etsy (ETSY) popped on news it is acquiring a U.K. fashion reseller for $1.6 billion. Let’s book profits now. Current Stock Price: $175.53 Cash in Hand: $1.59 Action: Buy to close the ETSY Jun Week One (6/4) 160 Put for around $0.28 Profit: $1.31, or $131 per contract
Our Apple (AAPL) call expired worthless on Friday and our General Motors (GM) shares were called away. I am recommending a new call to sell on our uncovered AAPL shares and a put position on GM. If you are not currently in these positions, you can enter them today. Just be aware that with the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Williams-Sonoma (WSM) Jun Monthly (6/18) 165 Put for around $2.77. You can go as low as $2.50, but please don’t start there and always use limit orders. (Current stock price: $171.37) TRADE TWO: Sell to open the Brinker…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
With the market running up today, we have the opportunity to book excellent profits on our SPDR S&P Regional Banking ETF (KRE) position. Current Stock Price: $71.53 Cash in Hand: $0.98 Action: Buy to close the KRE Jun Week One (6/4) 69 Put for around $0.13 Profit: $0.85, or $85 per contract
With the market running up today, we have the opportunity to book excellent profits on our Bank of America (BAC) and YETI Holdings (YETI) positions. BAC Jun Week One (6/4) 42.50 Put Current Stock Price: $43.02 Cash in Hand: $0.76 Action: Buy to close the BAC Jun Week One (6/4) 42.50 Put Current Option Price:…
Chewy (CHWY) finally broke above $70 and appears to be establishing a new, higher trading range. Rather than allow our shares to be called away, I am recommending we roll our call out one week and to a higher strike to pick up cash and more potential appreciation. Note that the company is expected to…
We have three positions expiring today. Our Apple (AAPL) call is on track to expire worthless and we will simply watch it do so. My plan is to exit shares early next week and move on from this position. I think we can find better opportunities for our capital. I am recommending we roll our…
Our Lululemon Athletica (LULU) May Week Four (5/28) 310/300 Put Spread is on track to expire worthless. We will sell a new spread soon to continue to work down our net debit on the position. Current Stock Price: $328.90 Net Debit: $3.55 Action: Watch spread expire worthless
I am recommending we roll our expiring calls in Apple (AAPL), General Motors (GM) and QuantumScape (QS). I am also recommending a call to sell against our uncovered Chewy (CHWY) shares. If you are not currently in the position, you can enter it now. Just be sure to buy 100 shares of the underlying stock…
Our iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) calls are all in the money. I am recommending we roll these positions out two weeks and to higher strikes. We will be spending a bit of cash to do so, but that will be more than offset by the…
Let’s book profits on our Corning (GLW) position. Current Stock Price: $43.91 Cash in Hand: $0.98 Action: Buy to close the GLW May Week Four (5/28) 44 Put Current Option Price: $0.28-$0.37 Recommended Limit: Set your initial limit order at $0.33, but adjust as needed to close the position today Profit: $0.65, or $65 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Jun Week One (6/4) 69 Put for around $0.98. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $62.27) TRADE TWO:…
Download Presentation Slides View the full Trade Alert here.
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session, where I also covered Why We Roll and Thoughts on Capital Allocation, here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting…
Our KB Home (KBH) call expired worthless last week. I am recommending a new call to sell against our uncovered shares to reduce our cost basis on the position. If you do not currently own shares of KBH and want to enter this position, you must first buy 100 shares for every call you plan…
Our Apple (AAPL), Chewy (CHWY) and General Motors (GM) calls expired worthless on Friday, so I am recommending new call positions today. If you are not currently in these positions, you can enter them now. Just be aware that you must first buy 100 shares of the underlying stock for every call you plan to…
Twitter (TWTR) has begun to move back up. The stock is undervalued but may not stay that way for long. I believe investors will come in as they see evidence of the company’s new business model and product initiatives taking hold. I am recommending we roll our call out two weeks and to a higher…
Our most recent S&P 500 (SPX) hedges — the SPX May Monthly (5/21) 3650 Put and the SPX May Monthly (5/21) 3650/3600 Put Spread — are on track to expire worthless, so I am recommending new defensive positions today. The new hedges are two weeks out as opposed to June monthly positions. Given current market…
Our Chewy (CHWY) put is deep in the money. I am recommending we accept shares. We will sell a call against them soon. Our Etsy (ETSY) put is on track to expire worthless, allowing us to book the maximum profit. Our KB Home (KBH) call is also on track to expire worthless. We will sell…
Let’s roll our Corning (GLW) put out one week to buy ourselves some more time and bring in more income. Current Stock Price: $43.72 Cash in Hand: $0.50 Action: Buy to close the GLW May Monthly (5/21) 44 Put for around $0.36 Sell to open the GLW May Week Four (5/28) 44 Put for around…
Our Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads are on track to expire worthless. We will sell new spreads soon to continue to work down our net debits on the positions. LULU May Monthly (5/21) 300/290 Put Spread Current Stock Price: $318.13 Net Debit: $4.40 Action: Watch spread expire worthless PTON May Monthly…
I am recommending a call to sell for those of you who own uncovered shares of iShares Global Clean Energy ETF (ICLN) from a previous recommendation. The income we generate will reduce our cost basis on the position. Let’s also roll our Walgreens Boots Alliance (WBA) put to avoid assignment and generate more income. ICLN…
I am recommending we roll our expiring calls in Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN). AAPL Jan Monthly (1/21/22) 100/May Monthly (5/21) 130 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $127.23 Cost Basis: $33.88 Action:…
I am recommending we roll our Apple (AAPL), Marvell Technology Group (MRVL) and Micron Technology (MU) calls out one week. With AAPL, we will be rolling strike to strike and generating more cash to reduce our cost basis. For MU and MRVL, we will be moving our calls to a higher strike in an attempt…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Let’s book profits on our Bank of America (BAC) and Charles Schwab (SCHW) positions, earning excellent rates of return and freeing up capital for new trades. BAC May Monthly (5/21) 41 Put Current Stock Price: $42.79 Cash in Hand: $0.57 Action: Buy to close the BAC May Monthly (5/21) 41 Put Current Option Price: $0.06-$0.07…
Following Friday’s expiration, we have uncovered shares in all four of our Perpetual Income Portfolio Club stocks. That means we have four call positions to put on. While volatility remains elevated, I do not expect to see abrupt moves in that market that disrupt our positions like we have witnessed lately. If you are not…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL May Week Two (5/14) 128 Call Apple (AAPL) rebounded late in the week along with the boarder market following a sharp three-day sell-off. Shares appear to have found short-term support in the mid-$120s. Our call is currently on track…
We have three positions expiring today. Our iShares Global Clean Energy ETF (ICLN) call is on track to expire worthless. We will sell another call against our shares soon to reduce our cost basis. Our SPDR S&P Regional Banking ETF (KRE) put is also on track to expire worthless, allowing us to book the maximum…
The market has not been kind to tech stocks, including Apple (AAPL), Marvell Technology Group (MRVL) and Micron Technology (MU). But with them running up today, I am recommending we roll our call positions on these stocks out one week to generate more cash. AAPL May Week Two (51/4) 128 Call Current Stock Price: $125.52…
I am recommending we roll our General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls out one week to generate cash. GM Jan Monthly (1/21/22) 50/May Week Two (5/14) 58 Call Spread Note: No action is needed on our GM Jan Monthly (1/21/22) 50 Call at this time. Current Stock Price: $55.32 Cost…
I am recommending we roll our Chewy (CHWY) and Twitter (TWTR) calls down to take advantage of market volatility and bring in additional income. Note that we are keeping the expiration dates the same. If you are not currently in a CHWY and/or TWTR position, you can enter one today. Just be aware that you…
We have net debits on Etsy (ETSY) and Peloton Interactive (PTON). I am recommending we initiate a new put position on ETSY and a new spread on PTON to reduce those net debits. You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be…
I am recommending we roll our QuantumScape (QS) and Invesco Solar ETF (TAN) calls down to reduce our cost basis on the positions. Note that we are keeping the expiration dates the same. QS May Week Two (5/14) 40 Call Current Stock Price: $28 Cost Basis: $40.90 Action: Buy to close the QS May Week…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) calls down to reduce our cost basis on the positions. Note that we are keeping the expiration dates the same. MRVL May Week Two (5/14) 47 Call Current Stock Price: $43.05 Cost Basis: $51.20 Action: Buy to close the MRVL…
I am recommending a call to sell for those who have Pfizer (PFE) shares uncovered from a previous position to reduce our cost basis. Current Stock Price: $40 Cost Basis: $39.63 Action: Sell to open the PFE May Week Two (5/14) 40 Call Current Option Price: $0.36-$0.37 Recommended Limit: Set your initial limit order at…
I am recommending we close the top leg of our Microsoft (MSFT) spread and watch the bottom leg expire worthless. We are booking an excellent profit while taking away the risk of a further tech sell-off. Current Stock Price: $253.50 Cash in Hand: $0.53 Action: Buy to close the MSFT May Week One (5/7) 245…
Our Pfizer (PFE) call is on track to expire worthless. We will sell another call next week. Current Stock Price: $39.20 Cost Basis: $39.63 Action: Watch PFE May Week One (5/7) 40 Call expire worthless
Let’s roll our Apple (AAPL) call out one week to generate more income. If you are not currently in an AAPL position, please sit this trade out. I will alert you when it is time to put new money to work. General Motors (GM) is rallying after delivering a strong earnings report and guidance despite…
Let’s book profits on our Herman Miller (MLHR) put. While we have more than two weeks until expiration, there is simply too much cash on the table to pass up. Current Stock Price: $43.08 Cash in Hand: $0.85 Action: Buy to close the MLHR May Monthly (5/21) 40 Put Current Option Price: $0.35-$0.45 Recommended Limit:…
I am recommending we roll our Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls today. I also want to roll our Chewy (CHWY) put to bring in more income. AAPL Jan Monthly (1/21/22) 100/May Week One (5/7) 128 Call Spread Note: No action is needed on the AAPL Jan Monthly…
Let’s not look a gift horse in the mouth. We have the chance to book excellent profits on our Crocs (CROX) and First Solar (FSLR) put positions in just over 24 hours, and we’re going to take it. CROX May Monthly (5/21) 100 Put Current Stock Price: $106.34 Cash in Hand: $3.50 Action: Buy to…
We accepted shares of iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) last week. I am recommending calls to sell against them to reduce our cost basis on the positions. Note that these recommendations are only for people who own shares of these stocks uncovered from previous recommendations. ICLN…
I am recommending we roll our Apple (AAPL) call out one week to bring in additional income. If we are called out next week, we will book a small profit. Current Stock Price: $129.78 Cost Basis: $128.13 Action: Buy to close the AAPL May Week One (5/7) 128 Call for around $2.22 Sell to open…
CVS Health (CVS) is running up today, allowing us to book exceptional short-term profits. Current Stock Price: $82.12 Cash in Hand: $0.95 Action: Buy to close the CVS May Week One (5/7) 80 Put Current Option Price: $0.09-$0.11 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit:…
We were assigned shares of Chewy (CHWY) on Friday, so I am recommending a call to sell today. If you do not currently have a CHWY position, you can enter one now. Just be aware that you will need to buy 100 shares of the stock first for every call you plan to sell to…
While there are no Income Masters Live Trading Sessions this week, we are putting on two new positions today. First Solar (FSLR) has been selling off since last week’s earnings report even though the company beat revenue and profit expectations. Guidance was lighter than the Street hoped, creating a great short-term put-selling opportunity for us.…
While there is no Options Income Blueprint Live Trading Session today, we are putting on two new positions. We’re starting with an old favorite: CVS Health (CVS), which we’ve already successfully traded four times this year. The company announced better-than-expected first-quarter earnings and revenue before the bell, due in part to COVID-19 vaccinations and tests…
We are doing things a little differently today. First, I am recommending we close our General Motors (GM) put. The stock is circling our strike, and with earnings expected next week, I don’t want to risk being assigned and holding shares through the announcement. Therefore, let’s spend a little cash to buy back the put…
iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) are all trading below the strike price of the puts we sold. I am recommending we accept shares. We will sell calls against them soon to reduce our cost basis on the positions. I have great confidence in the chip sector…
The market is falling today despite some stellar earnings reports from big tech companies. This leads me to believe this growth must have been priced in already and that Wall Street is more concerned with too much growth (i.e., inflation) and its effect on the bond market. In light of this, I am recommending we…
Let’s roll our Chewy (CHWY) put and Invesco Solar ETF (TAN) call. CHWY Apr Week Five (4/30) 83 Put Current Stock Price: $80.90 Net Debit: $0.27 Action: Buy to close the CHWY Apr Week Five (4/30) 83 Put for around $2.50 Sell to open the CHWY May Week One (5/7) 83 Put for around $3.35…
I am recommending we roll our expiring General Motors (GM) and QuantumScape (QS) calls. GM Jan Monthly (1/21/22) 50/Apr Week Five (4/30) 58 Call Spread Note: No action is needed on the GM Jan Monthly (1/21/22) 50 Call at this time. Current Stock Price: $56.03 Cost Basis: $11.33 Action: Buy to close the GM Apr…
Let’s book excellent short-term profits on our Bank of America (BAC) put. Current Stock Price: $40.82 Cash in Hand: $0.55 Action: Buy to close the BAC Apr Week Five (4/30) 40 Put Current Option Price: $0.05-$0.06 Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.49, or…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Apr Week Five (4/30) 83 Put for around $0.76. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $84.54) TRADE TWO: Sell to…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low…
Our Chewy (CHWY) put expired worthless last week and our General Motors (GM) shares were called away. Therefore, I am recommending new puts to sell today. Our Twitter (TWTR) put also expired worthless last week, but I am holding off on a new recommendation. The company is expected to report earnings on Thursday, and I…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL May Week One (5/7) 128 Call Apple (AAPL) announced new products at an event this week, including a redesigned iMac, the next iPad Pro and location-tracking AirTags. Company execs also fielded questions at a Senate antitrust hearing on app…
I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) puts out one week to buy ourselves some time. The semiconductor sector has been hit by irrational concerns about chip shortages hurting revenue growth. Last time I checked, tight inventory meant higher selling prices and operating margins. So, I expect the…
Let’s book profits on our SPDR S&P Biotech ETF (XBI) put. Current Stock Price: $135.28 Cash in Hand: $3.30 Action: Buy to close the XBI Apr Week Four (4/23) 135 Put for around $0.80 Profit: $2.50, or $250 per contract
We have a Peloton Interactive (PTON) standalone put and spread position expiring today, along with a Taiwan Semiconductor Manufacturing (TSM) spread. I am recommending we spend a bit of cash to close the PTON put to avoid potential assignment. The PTON spread, however, is on track to expire worthless. For the TSM spread, I am…
I am recommending we roll our Chewy (CHWY) put and expiring General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls. CHWY Apr Week Four (4/23) 83 Put Current Stock Price: $82.04 Net Debit: $1.57 Action: Buy to close the CHWY Apr Week Four (4/23) 83 Put for around $1.61 Sell to open the…
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Let’s book excellent profits on CVS Health (CVS), First Solar (FSLR) and Invesco Solar ETF (TAN). CVS Apr Week Four (4/23) 76 Put Current Stock Price: $76.70 Cash in Hand: $1.10 Action: Buy to close the CVS Apr Week Four (4/23) 76 Put Current Option Price: $0.42-$0.44 Recommended Limit: Set your initial limit order at…
Apple (AAPL) is trading well above the strike price of our call. I am recommending we spend some cash to roll out two weeks and to a higher strike to capture another $2 in potential appreciation. Note that the company is expected to report earnings on April 28, and we will likely be holding this…
I am recommending we roll the short legs of our Apple (AAPL) and General Motors (GM) LEAP call spreads. Note that we are lowering the GM strike but keeping the expiration the same. AAPL Jan Monthly (1/21/22) 100/Apr Week Four (4/23) 126 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22)…
Apple (AAPL) is trading well above the strike price of our call. I am recommending we roll out two weeks and to a higher strike to capture another $2 in potential appreciation. Note that the company is expected to report earnings on April 28, and we will likely be holding this position through the announcement.…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Chewy (CHWY) and Twitter (TWTR) puts expired worthless last week, so I am recommending new puts to sell today. And we accepted shares of General Motors (GM), so I am recommending a call to sell. If you are new to the GM position, you must first buy 100 shares of the stock for every…
We were assigned shares of QuantumScape (QS) and Invesco Solar ETF (TAN) last week. I am recommending calls to sell against those uncovered shares to reduce our cost basis on the positions. QS Uncovered Shares Current Stock Price: $32.08 Cost Basis: $43.25 Action: Sell to open the QS Apr Week Four (4/23) 37 Call for…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Apr Week Four (4/23) 126 Call Apple (AAPL) continued to grind its way up this week, possibly helped by reports the company is working on new smart-home products. Our call does not expire for another week, but we may…
Let’s book profits on our CVS Health (CVS), Chewy (CHWY) and Intel (INTC) puts now rather than sweating it out through the close today. Each will yield an excellent rate of return even after we give back some cash. And our patience with Twitter (TWTR) has paid off, as our shares are on track to…
We have a Peloton Interactive (PTON) standalone put and spread position expiring today, along with a Taiwan Semiconductor Manufacturing (TSM) spread. I am recommending we spend a bit of cash to close the PTON put to avoid potential assignment. The PTON spread, however, is on track to expire worthless. For the TSM spread, I am…
Our most recent S&P 500 (SPX) hedges — the SPX Apr Monthly (4/16) 3350 Put and the SPX Apr Monthly (4/16) 3350/3250 Put Spread — are on track to expire worthless, so I am recommending new defensive positions today. We will continue to track them as ongoing positions, but you can initiate one of these…
Our Advanced Micro Devices (AMD) shares are on track to be called away at a small profit. If the stock happens to close below $81, our call with expire worthless and we will sell another one soon. Our Danaher (DHR) shares are also on track to be called away, albeit at a much larger profit.…
