Let’s roll our S&P 500 (SPX) put to a lower strike to pocket some cash while keeping our hedge in place. No action is needed on the SPX Mar Monthly (3/19) 3300/3250 Put Spread at this time. If you are not currently in a hedged position and want to initiate one today, you can buy…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Mar Week One (3/5) 37.50 Put for around $0.62. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $37.86) TRADE TWO: Sell to open the…
I am recommending we roll our expiring Apple (AAPL), Advanced Micro Devices (AMD) and CVS Health (CVS) calls. AAPL Jan Monthly (1/21/22) 100/Feb Week Four (2/26) 134 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $123.93 Cost Basis: $39.39 Action: Buy to…
Both QuantumScape (QS) and Twitter (TWTR) are sharply higher today. I am recommending we roll our QS put to a higher strike to bring in more cash. And we are rolling our TWTR call up and out one week to generate more income and capture more potential appreciation. QS Mar Week One (3/5) 45 Put…
Our Blackstone Group (BX) call expired worthless last week, so I am recommending a new call to sell today. Note that this recommendation is only for people who already own shares of the stock uncovered from a previous position. I am also recommending we roll the short leg of our CVS Health (CVS) call spread.…
We were assigned shares of Gilead Sciences (GILD) last week, so I am recommending a call to sell today. Note that this recommendation is only for people who already own shares of the stock from a previous position. I am also recommending we book profits on our General Motors (GM) put. While we will be…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Week Four (2/26) 50 Put for around $1.10. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $56.35) TRADE TWO: Sell to open the…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
We were assigned shares of Apple (AAPL) and Starbucks (SBUX) last week, so I am recommending calls to sell against them. If you are not currently in these positions, you can enter them today. Just be sure to purchase 100 shares of the underlying stock first for every call you plan to sell. Never sell…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Feb Monthly (2/19) 133 Put Apple (AAPL) has hit a bit of a rough patch. The stock continued to sell off this week, dropping around 5%. This was due in part to news that Warren Buffett cut his stake…
Our Blackstone Group (BX) call is on track to expire worthless. I will recommend a new call to sell against the shares soon. Marvell Technology Group (MRVL) is currently trading above our call’s strike. If our shares are called away, we will book a profit. However, if the stock closes below $51, our call will…
Our QuantumScape (QS) and Starbucks (SBUX) puts are on track to expire worthless. After more than a year of managing the SBUX position, we are finally able to walk away with a small profit. Considering how deep underwater we were, this is a victory. It’s also proof that our rolling strategy and a good deal…
Our Gilead Sciences (GILD) Feb Monthly (2/19) 67 Put is in the money. I am recommending we accept shares. We will sell a call against them soon to reduce our cost basis. Current Stock Price: $65.01 Cash in Hand: $0.92 Action: Accept shares Cost Basis: $66.08
Our most recent S&P 500 (SPX) hedges — the SPX Feb Monthly (2/19) 3025 Put and the SPX Feb Monthly (2/19) 3025/2975 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions today. We will continue to track them as ongoing positions, but you can initiate one of…
I am recommending we roll our Apple (AAPL), General Motors (GM) and Marvell Technology Group (MRVL) puts to buy time and generate more income. AAPL Feb Monthly (2/19) 136 Put Current Stock Price: $128.75 Cash in Hand: $2.16 Action: Buy to close the AAPL Feb Monthly (2/19) 136 Put for around $7.25 Sell to open…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Chewy (CHWY) put position. Current Stock Price: $108.84 Cash in Hand: $2.09 Action: Buy to close the CHWY Feb Monthly (2/19) 105 Put for around $0.40 Profit: $1.69, or $169 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Monthly (2/19) 58 Put for around $0.65. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $64.69) TRADE TWO: Sell to open the Bank…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), D.R. Horton (DHI) and Williams-Sonoma (WSM). AAPL Jan Monthly (1/21/22) 100/Feb Monthly (2/19) 140 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $128.07 Cost Basis: $39.95 Action:…
Let’s book profits on our Chewy (CHWY) and Micron Technology (MU) positions. CHWY Feb Monthly (2/19) 100 Put Current Stock Price: $110.31 Cash in Hand: $1.19 Action: Buy to close the CHWY Feb Monthly (2/19) 100 Put for around $0.12 Profit: $1.07, or $107 per contract CHWY Feb Monthly (2/19) 100/90 Put Spread Cash in…
Let’s book profits on our CVS Health (CVS) put. Current Stock Price: $72.61 Cash in Hand: $0.56 Action: Buy to close the CVS Feb Monthly (2/19) 70 Put Current Option Price: $0.05-$0.07 Recommended Limit Price: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.50, or $50 per contract…
First Solar (FSLR) is falling today. Let’s get out now rather than risk having to roll out past next week’s earnings announcement. The spread between the bid and the ask are wide. Work your limit as needed to exit quickly. Current Stock Price: $95.14 Cash in Hand: $3.45 Action: Buy to close the FSLR Feb…
Our Apple (AAPL) and Chewy (CHWY) shares were called away last week, so I am recommending puts to sell. Note that no action is needed on our Corning (GLW) Feb Monthly (2/19) 37 Put or Starbucks (SBUX) Feb Monthly (2/19) 107 Put at this time. AAPL Current Stock Price: $133.55 Action: Sell to open the…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Buy to open the CVS Health (CVS) Jan Monthly (1/21/22) 52.50 Call for around $19.20 and sell to open the CVS Feb Week Four (2/26) 73.50 Call for around $0.54. Set initial debit limit at $18.66. (Current stock price:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Feb Week Two (2/12) 135 Call Apple (AAPL) is trading right around our call strike. If it closes below $135, our call will expire worthless and we will sell another one next week. If AAPL closes above that level,…
Our Microsoft (MSFT) Feb Week Two (2/12) 217.50/207.50 Put Spread is on track to expire worthless, allowing us to collect the maximum profit and earn an excellent rate of return. Current Stock Price: $243.29 Cash in Hand: $0.60 Action: Watch spread expire worthless Profit: $0.60, or $60 per spread
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
I am recommending we roll our Advanced Micro Devices (AMD) call and book profits on our Crocs (CROX) position. AMD Feb Week Two (2/12) 90 Call Current Stock Price: $92.65 Cost Basis: $86.82 Action: Buy to close the AMD Feb Week Two (2/12) 90 Call for around $2.83 Sell to open the AMD Feb Monthly…
I was hoping for a bounce in Pfizer (PFE) that did not happen. Let’s sell a call on our uncovered shares to reduce our cost basis. Current Stock Price: $34.41 Cost Basis: $37.96 Action: Sell to open the PFE Feb Week Four (2/26) 35 Call for around $0.39 New Cost Basis: $37.57
Let’s roll our Chewy (CHWY) put position out one week to generate more cash. I am also recommending we roll our Marvell Technology Group (MRVL) call to a lower strike, further reducing our cost basis. CHWY Feb Week Two (2/12) 105 Put Current Stock Price: $110.67 Cash in Hand: $0.79 Action: Buy to close the…
I am recommending we roll our positions in Apple (AAPL), Gilead Sciences (GILD) and General Motors (GM) out one week. AAPL Feb Week Two (2/12) 136 Put Current Stock Price: $135.20 Cash in Hand: $1.06 Action: Buy to close the AAPL Feb Week Two (2/12) 136 Put for around $1.36 Sell to open the AAPL…
Let’s book profits on our Bank of America (BAC) position. Current Stock Price: $33.10 Cash in Hand: $0.70 Action: Buy to close the BAC Feb Week Two (2/12) 32.50 Put Current Option Price: $0.06-$0.07 Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.64, or $64 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the D.R. Horton (DHI) Feb Monthly (2/19) 80 Put for around $1.02. You can go as low as $0.93, but please don’t start there and always use limit orders. (Current stock price: $82.03) TRADE TWO: Sell to open the…
I said in this week’s Live Trading Session that I was interested in potentially opening new trades in General Motors (GM) and Twitter (TWTR) following the companies’ earnings announcements. TWTR was up as much as 15% today following an earnings and revenue beat, despite failing to hit analysts’ user growth expectations. I want to wait…
Our Corning (GLW) and Starbucks (SBUX) shares were called away on Friday, so I am recommending selling puts on the stocks today. Note that no action is needed on our Apple (AAPL) Feb Week Two (2/12) 135 Call or Chewy (CHWY) Feb Week Two (2/12) 112 Call at this time. GLW Current Stock Price: $36.77…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Crocs (CROX) and D.R. Horton (DHI) positions and sell a call on our uncovered Marvell Technology Group (MRVL) shares. CROX Feb Monthly (2/19) 75 Call Current Stock Price: $79.68 Cost Basis:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we book profits on our Moderna (MRNA) put position. Over the weekend, South Africa suspended the use of AstraZeneca’s (AZN) COVID-19 vaccine after a new study showed it was less effective against a variant of the virus found in the country. The Moderna vaccine has also been shown to be less effective…
I am recommending we roll our Apple (AAPL) and Chewy (CHWY) calls today. If you are not currently in the AAPL position, please do not enter one at this time. I will alert you when it is time to put new money to work. However, if you are not in the CHWY position, you can…
Our Chewy (CHWY) put is on track to expire worthless, meaning we will collect the maximum profit. We are also on track to have our JPMorgan Chase (JPM) shares called away, resulting in a great return. Finally, our Netflix (NFLX) spread is set to expire worthless. We’ll look to trade the stock again soon. CHWY…
Our Pfizer (PFE) Feb Week One (2/5) 38 Call is on track to expire worthless. I will recommend a new call to sell against shares next week. Current Stock Price: $34.95 Cost Basis: $37.96 Action: Watch call expire worthless
Our Marvell Technology Group (MRVL) Feb Week One (2/5) 53 Call is on track to expire worthless. I will recommend a new call to sell against shares next week. Current Stock Price: $49.88 Cost Basis: $51.60 Action: Watch call expire worthless
I am recommending we book profits on our Corning (GLW) covered call position rather than hold through expiration. By doing so, we earn a 0.9% return in three days, or 110% annualized. Current Stock Price: $37.32 Cost Basis: $36.09 Action: Buy to close the GLW Feb Week One (2/5) 36.50 Call for around $0.90 Sell…
I am recommending we roll our Advanced Micro Devices (AMD), Micron Technology (MU) and Starbucks (SBUX) positions. AMD Feb Week One (2/5) 92.50 Call Current Stock Price: $87.32 Cost Basis: $87.84 Action: Buy to close the AMD Feb Week One (2/5) 92.50 Call for around $0.05 Sell to open the AMD Feb Week Two (2/12)…
Let’s book profits on our General Motors (GM) and Herman Miller (MLHR) positions. GM Feb Week One (2/5) 54 Put Current Stock Price: $54.48 Cash in Hand: $1.66 Action: Buy to close the GM Feb Week One (2/5) 54 Put for around $0.45 Profit: $1.21, or $121 per contract MLHR Feb Monthly (2/19) 35 Put…
I am recommending we book profits on our General Motors (GM), Pfizer (PFE), QuantumScape (QS) and Twitter (TWTR) positions. Given the recent bouts of unexpected volatility, this is the smart move. And since we are freeing up a lot of capital with these closeouts, it’s possible I will open new positions via alert. So, keep…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Chewy (CHWY) Feb Week One (2/5) 100 Put for around $1.34. You can go as low as $1.12, but please don’t start there and always use limit orders. (Current stock price: $102.20) TRADE TWO: Sell to open the…
I am recommending we ladder up our General Motors (GM) put by rolling to a higher strike. This will bring in more income and boost our potential rate of return. Current Stock Price: $54.41 Cash in Hand: $0.99 Action: Buy to close the GM Feb Week One (2/5) 50 Put for around $0.03 Sell to…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Buy 100 shares of Marvell Technology Group (MRVL) at market ($52.19) and sell to open the MRVL Feb Week One (2/5) 53 Call for around $0.59. (Cost basis: $51.60) TRADE TWO: Buy 100 shares of Corning (GLW) at market…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we book profits on our Micron Technology (MU) and Twitter (TWTR) positions, earning excellent returns. This will also free up capital for new positions that we will put on in today’s Live Trading Session at 1 p.m. Eastern. MU Feb Week One (2/5) 80 Put Current Stock Price: $81.03 Cash in Hand:…
We have four new call positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session. You can watch a recording of the session here. If you are not currently in these positions, you can enter them today. Just be sure to purchase 100 shares of the underlying stock first for…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Feb. 1, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. The market…
With the market continuing to drop, I am recommending we roll our S&P 500 (SPX) put down again. And this time around, I am recommending we roll the spread lower as well. If you are not currently in a hedged position, you can initiate one now by purchasing the lower-strike put or put spread. Just…
Pfizer (PFE) was unable to break through $37.50 this week and turned lower. The company is expected to announce earnings next week. I am recommending a call to sell on our uncovered shares in the hope that we will get called out around breakeven. Current Stock Price: $36.35 Cost Basis: $38.26 Action: Sell to open…
Chewy (CHWY) is holding above $100, but I do not want to risk being assigned shares given current market conditions. Let’s book a large profit now. Current Stock Price: $102.51 Cash in Hand: $2.22 Action: Buy to close the CHWY Jan Week Five (1/29) 100 Put Current Option Price: $0.41-$0.53 Recommended Limit: Set your initial…
I am recommending we roll our standalone S&P 500 (SPX) put to a lower strike to collect profits while remaining hedged. If you are not currently in a hedged position, you can initiate one now by purchasing the lower-strike put. Just be aware that we will be tracking this as an ongoing position. Also, note…
Peloton Interactive (PTON) is still trading above our short strike, but given current market volatility and the fact that earnings are scheduled to be released next week, I want to close the position now. I will recommend another spread after earnings come out to continue to work away at our net debit. Current Stock Price:…
I am recommending we close on our Johnson & Johnson (JNJ) and Microsoft (MSFT) positions, pocketing excellent one-day profits. While we will be giving back a bit more cash than we typically would on JNJ, I don’t want to risk having to roll the position when the company is expected to announce vaccine data next…
Let’s book profits on Twitter (TWTR). We may trade the stock again after earnings come out. Current Stock Price: $51.20 Cash in Hand: $0.46 Action: Buy to close the TWTR Jan Week Five (1/29) 49 Put Current Option Price: $0.09-$0.10 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
The market is bouncing back today, giving us a chance to book an excellent profit on our Marvell Technology Group (MRVL) position. Current Stock Price: $52.50 Cost Basis: $49.11 Action: Buy to close the MRVL Jan Week Five (1/29) 52 Call for around $0.93 Sell shares at market Profit: $2.08, or $208 per 100 shares…
Williams-Sonoma (WSM) is bucking the market trend and exploding higher today. Let’s book profits now. Current Stock Price: $144.31 Cost Basis: $126.60 Action: Buy to close the WSM Feb Monthly (2/19) 135 Call for around $12.85 Sell shares at market Profit: $4.86, or $486 per 100 shares
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Microsoft (MSFT) Jan Week Five (1/29) 232.50 Put for around $1.61. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $234.87) Or… Bull Put Spread*: Sell to…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Sell to open the Micron Technology (MU) Jan Week Five (1/29) 80 Put for around $1.14. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $80.58) TRADE TWO:…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our D.R. Horton (DHI) put is on track to expire worthless, allowing us to collect the maximum profit. We will likely be trading the stock again soon. And then we have Intel (INTC). We are on track to be called out of shares after fighting our way out of this position, which we entered in…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Week Four (1/22) 3450 Put and the SPX Jan Week Four (1/22) 3450/3400 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Week Four (1/22) 3450 Put and the SPX Jan Week Four (1/22) 3450/3400 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
Our Pfizer (PFE) Jan Week Four (1/22) 37.50 Call is on track to expire worthless. I will recommend another call to sell soon to continue to reduce our net debit. Current Stock Price: $36.36 Cost Basis: $38.26 Action: Watch call expire worthless
Our Pfizer (PFE) Jan Week Four (1/22) 37.50 Call is on track to expire worthless. I will recommend another call to sell soon to continue to reduce our net debit. Current Stock Price: $36.36 Cost Basis: $38.26 Action: Watch call expire worthless
I am recommending we accept shares of JPMorgan Chase (JPM) and will sell a call against them next week. Our Micron Technology (MU) put is on track to expire worthless, but I am recommending we roll it simply to generate more income. JPM Jan Week Four (1/22) 135 Put Current Stock Price: $133.84 Cash in…
I am recommending we close our remaining positions — the Advanced Micro Devices (AMD) put and the Lululemon Athletica (LULU) spread — and shut the books on another wildly successful round of Income Madness. We closed 20 winners in a row. Traders who sold just one contract of each could have earned $1,203 in income.…
I am recommending we book profits on our Taiwan Semiconductor Manufacturing (TSM) put rather than risk holding the position through Intel’s (INTC) earnings announcement. Current Stock Price: $133.20 Cash in Hand: $1.57 Action: Buy to close the TSM Jan Week Four (1/22) 130 Put for around $0.40 Profit: $1.17, or $117 per contract
I am recommending we book profits on our Taiwan Semiconductor Manufacturing (TSM) put rather than risk holding the position through Intel’s (INTC) earnings announcement. Current Stock Price: $133.20 Cash in Hand: $1.57 Action: Buy to close the TSM Jan Week Four (1/22) 130 Put for around $0.40 Profit: $1.17, or $117 per contract
I am recommending we roll all three of our Perpetual Income Portfolio Club positions that expire tomorrow. Note that Apple (AAPL), Corning (GLW) and Starbucks (SBUX) are scheduled to report earnings next week. While we sometimes sit earnings out, we are going to hold positions through the announcements. I believe Wall Street is going to…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the JPMorgan Chase (JPM) Jan Week Four (1/22) 135 Put for around $1. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $134.70) TRADE TWO: Sell to open…
I am recommending we roll our Bank of America (BAC) put out one week to avoid assignment and bring in more income. Our Chewy (CHWY) put is on track to expire worthless, but I want to roll out one week to bring in a big chunk of cash. BAC Jan Week Four (1/22) 32.50 Put…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Jan Week Four (1/22) 130 Put for around $1.57. You can go as low as $1.45, but please don’t start there and always use limit orders. (Current stock price: $131.65) TRADE TWO: Sell to…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
We were assigned shares of Apple (AAPL) and Starbucks (SBUX) last week, so I am recommending calls to sell against them today. If you are not currently in an AAPL and/or SBUX position, you will need to buy 100 shares of the stock first for every call you plan to sell to make sure your…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Jan Monthly (1/15) 130 Put Apple (AAPL) traded slightly lower this week. We did get positive news that Taiwan Semiconductor Manufacturing (TSM) posted record fourth-quarter earnings, which management said was due in part to the launch of the iPhone…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Monthly (1/15) 3150 Put and the SPX Jan Monthly (1/15) 3250/3200 Put Spread — are on track to expire worthless, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these hedges…
Our most recent S&P 500 (SPX) hedges — the SPX Jan Monthly (1/15) 3150 Put and the SPX Jan Monthly (1/15) 3250/3200 Put Spread — are on track to expire worthless, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these hedges…
I am recommending we roll our Starbucks (SBUX) put out two weeks to bring in more income and reduce our net debit. Our Williams-Sonoma (WSM) shares are on track to be called away after a sharp move higher. Of course, this came after a sharp drop that prompted us to roll our call strike down…
While we could close the Marvell Technology Group (MRVL) covered call position now at a profit, I’d rather keep the trade going by rolling out two weeks and to a higher strike. This will bring in more income and give us the opportunity to capture more potential appreciation. Current Stock Price: $50.70 Cost Basis: $49.99…
I am recommending we roll our Advanced Micro Devices (AMD) put out one week and to a lower strike. By doing so, we will avoid assignment and reduce our risk on the position. Crocs (CROX) is flirting with the strike price of our put, so I am recommending we close it now at a modest…
Our Chewy (CHWY) call is deep in the money after the run up in the stock over the past two days. Rather than allow our shares to be called away, I am recommending we roll our call out two weeks and to a higher strike. This will bring in more income and give us the…
Let’s pocket profits on our Chewy (CHWY), D.R. Horton (DHI) and General Motors (GM) positions, earning excellent rates of return. CHWY Jan Monthly (1/15) 105 Put Current Stock Price: $112.57 Cash in Hand: $1.09 Action: Buy to close the CHWY Jan Monthly (1/15) 105 Put Current Option Price: $0.07-$0.13 Recommended Limit: Set your initial limit…
Let’s book profits on our Chewy (CHWY), First Solar (FSLR) and General Motors (GM) positions. CHWY Jan Monthly (1/15) 107 Put Current Stock Price: $112.99 Cash in Hand: $0.63 Action: Buy to close the CHWY Jan Monthly (1/15) 107 Put for around $0.20 Profit: $0.43, or $43 per contract FSLR Jan Monthly (1/15) 100 Put…
Let’s book profits on Micron Technology (MU). Current Stock Price: $80.34 Cash in Hand: $0.97 Action: Buy to close the MU Jan Monthly (1/15) 77.50 Put for around $0.19 Profit: $0.78, or $78 per contract
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending we close our Peloton Interactive (PTON) spread. Current Stock Price: $167.53 Cash in Hand: $0.59 Action: Buy to close the PTON Jan Week Four (1/22) 130 Put for around $0.29 Sell to close the PTON Jan Week…
Timing in everything, as they say, in life and in trading. Both Chewy (CHWY) and General Motors (GM) are up big since we sold puts on them yesterday. Therefore, I am recommending we ladder the positions up, moving to higher strikes but keeping the expiration date the same. This will increase our cash in hand…
Pfizer (PFE) was unable to punch through $37.50 this week. I am recommending we sell a call at that level to bring in income and reduce our cost basis on the position. Current Stock Price: $36.80 Cost Basis: $38.65 Action: Sell to open the PFE Jan Week Four (1/22) 37.50 Call for around $0.39 New…
With the market looking for direction today, I am recommending we take profits off the table in D.R. Horton (DHI), Teladoc Health (TDOC), Twitter (TWTR) and Zoom Video Communications (ZM). DHI Jan Monthly (1/15) 66.50 Put Current Stock Price: $68.90 Cash in Hand: $0.60 Action: Buy to close the DHI Jan Monthly (1/15) 66.50 Put…
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Positions I am recommending we close our Corning (GLW) and Chewy (CHWY) puts. GLW Jan Monthly (1/15) 37 Put Current Stock Price: $37.50 Cash in Hand: $0.53 Action: Buy to close the GLW Jan Monthly (1/15) 37 Put for around $0.22,…
While I didn’t host a Live Trading Session today, I am introducing three new trades — two new puts and a buy-write. Each of the stocks we are trading today should be familiar to members, as we have successfully traded them in the past. First, is a put trade on one of my favorite income…
I am introducing two new stocks to the Perpetual Income Portfolio Club today. We are moving on from Applied Materials (AMAT) and Target (TGT) and replacing them with Corning (GLW) and Starbucks (SBUX). While AMAT and TGT are both great companies, I believe our new additions offer much better income generation potential. I recorded a…
Bank of America (BAC) is moving higher today. Let’s book profits now rather than hold through big banks’ earnings announcements at the end of the week. Current Stock Price: $32.97 Cash in Hand: $0.41 Action: Buy to close the BAC Jan Monthly (1/15) 32 Put for around $0.16 Profit: $0.25, or $25 per contract
TRADE ONE: Sell to open the Twitter (TWTR) Jan Monthly (1/15) 46 Put for around $0.57. You can go as low as $0.50, but please don’t start there and always use limit orders. (Current stock price: $48.77) Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending…
The start of a new year is always a good time to take a breath and assess your portfolio. After considering ours, I have decided to move on from two of our current names and replace them with new stocks next week. There’s nothing wrong with these companies — their stories have not changed. But…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Micron Technology (MU) Jan Monthly (1/15) 77.50 Put for around $0.97. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $79.60) TRADE TWO: Sell to open the…
I am recommending we roll our Intel (INTC) call out two weeks and to a higher strike. If we are called away, we will have a breakeven trade after digging ourselves out of a big hole. Current Stock Price: $51.74 Cost Basis: $52.90 Action: Buy to close the INTC Jan Week Two (1/8) 50.50 Call…
Our Lululemon Athletica (LULU), Peloton Interactive (PTON) and Square (SQ) spreads are on track to expire worthless. We will book a profit on SQ. And I will recommend another LULU and PTON spread in the near future as we continue to work down our net debits on the positions. Our Starbucks (SBUX) position continues to…
Let’s book fast profits on Apple (AAPL) rather than risk a reversal before today’s close. Current Stock Price: $131.51 Cash in Hand: $1.05 Action: Buy to close the AAPL Jan Week Two (1/8) 130 Put for around $0.30 Profit: $0.75, or $75 per contract
Our Pfizer (PFE) Jan Week Two (1/8) 40 Put is deep in the money, so I am recommending we accept shares. We will sell a call against them next week to reduce our cost basis. Current Stock Price: $37.33 Cash in Hand: $1.35 Action: Accept shares Cost Basis: $38.65
Download Presentation Slides See the Income Masters Bullpen list here.
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Positions I am recommending we close our Marvell Technology Group (MRVL), Toll Brothers (TOL) and Chewy (CHWY) puts. MRVL Jan Week Two (1/8) 47 Put Current Stock Price: $48.13 Cash in Hand: $0.54 Action: Buy to close the MRVL Jan Week…
I am recommending we roll our Apple (AAPL) put out one week to generate more income. If you are not currently in an AAPL position, you can enter one now be selling the Jan. 15 put. No action is needed on our Applied Materials (AMAT) Dec Week Four (12/24) 87 Call, Chewy (CHWY) Jan Week…
As expected, Corning (GLW) found support and is climbing back up. If ever a position demonstrated there is nothing wrong with selling an in-the-money-put, this is it! Let’s book profits now. Current Stock Price: $37.41 Cash in Hand: $1.54 Action: Buy to close the GLW Jan Monthly (1/15) 37 Put Current Option Price: $0.46-$0.48 Recommended…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Marvell Technology Group (MRVL) Jan Week Two (1/8) 47 Put for around $0.54. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $47.26) TRADE TWO: Sell to…
Let’s continue booking profits today by closing our Crocs (CROX) and Herman Miller (MLHR) positions. CROX Jan Monthly (1/15) 70 Call Current Stock Price: $66.61 Cost Basis: $62 Action: Buy to close the CROX Jan Monthly (1/15) 70 Call for around $1.28 Sell shares at market Profit: $3.33, or $333 per 100 shares Rate of…
Today’s market runup gives us the opportunity to book excellent short-term profits on Bank of America (BAC) and General Motors (GM). We will likely trade these names again soon. BAC Jan Week Two (1/8) 30 Put Current Stock Price: $32.36 Cash in Hand: $0.42 Action: Buy to close the BAC Jan Week Two (1/8) 30…
Williams-Sonoma (WSM) is struggling but appears to have found support. I am recommending we roll our call down 10 points to generate more income. This will lower our cost basis and result in a profit if shares are called away. Current Stock Price: $106.26 Cost Basis: $105.95 Action: Buy to close the WSM Jan Monthly…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Micron Technology (MU) is set to announce earnings this week. I am recommending we book profits on our position now and start the new year off on the right foot with an excellent rate of return. Current Stock Price: $74.43 Cash in Hand: $2.80 Action: Buy to close the MU Jan Week Two (1/8) 70…
We have positions in Intel (INTC), Morgan Stanley (MS) and Micron Technology (MU) expiring tomorrow. With our INTC call deep in the money, I am recommending we accept shares and will sell a call against them in the new year. Let’s book fast profits on the MS position, earning an excellent rate of return. And…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Welcome to the Six-Figure Portfolio Coaching Program! Here is your Six-Figure Portfolio Coaching class schedule. On the day of each event, you’ll receive an email invitation to join me from our webinar platform, Zoom. https://us02web.zoom.us/webinar/register/WN_h4IBM5olTcKf357UgvhjEg Live Boot Camp: All Sessions @ 7 p.m. EST January 18-20 Live Coaching: All Sessions @ 7 p.m. EST Monday,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE*: Sell to open the Williams-Sonoma (WSM) Jan Monthly (1/15) 115 Call for around $2.05. (New cost basis: $105.95) *We own shares of WSM uncovered from a previous trade. If you are new to the position, be sure to buy 100 shares of…
I am recommending we roll our S&P 500 (SPX) standalone put down to pocket some cash. If you are not currently hedged and want to be, you can buy the SPX Jan Monthly (1/15) 3150 Put. Just be aware that we will continue to track this as an ongoing position. And if you are new…
Our Apple (AAPL) and Chewy (CHWY) puts expired worthless on Friday. I am recommending new puts to sell today. We were assigned shares of Applied Materials (AMAT) last week and our Target (TGT) call expired worthless. Therefore, we are selling calls on these stocks today. If you are not currently in an AMAT and/or TGT…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Dec Monthly (12/18) 121 Put Apple (AAPL) jumped Tuesday after it was reported the company plans to produce up to 96 million iPhones in the first half of 2021. That would be an almost 30% increase over the first…
We have positions in D.R. Horton (DHI), Peloton Interactive (PTON), Starbucks (SBUX) and Williams-Sonoma (WSM) expiring today. We are currently on track to be called out of our DHI shares. If we are, we will book a small profit of $0.26, or $26 per contract. If, however, shares close below our strike, our call will…
Crocs (CROX) is currently trading below the strike price of our put. As I said when we initiated the trade, I am willing to accept shares and sell calls. If we are assigned, we will have a cost basis of $63.95. However, if shares close above $65, our put will expire worthless. In this case,…
I am recommending we roll our Intel (INTC) and Micron Technology (MU) puts. INTC Dec Monthly (12/18) 50 Put Current Stock Price: $49.52 Net Debit: $3.76 Action: Buy to close the INTC Dec Monthly (12/18) 50 Put for around $0.54 Sell to open the INTC Dec Week Four (12/24) 50 Put for around $0.94 Set…
Our most recent S&P 500 (SPX) hedges — the SPX Dec Monthly (12/18) 3000 Put and the Dec Monthly (12/18) 3000/2975 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these hedges…
Let’s book profits on D.R. Horton (DHI). The spread between the bid and the ask is wide, so work your limit orders as needed. Current Stock Price: $73.82 Cash in Hand: $2.26 Action: Buy to close the DHI Dec Monthly (12/18) 72.50 Put Current Option Price: $0.30-$0.53 Recommended Limit: Set your initial limit order at…
Herman Miller (MLHR) is expected to announce earnings tomorrow, so I am recommending we close our put position now at a profit. Current Stock Price: $39.90 Cash in Hand: $1 Action: Buy to close the MLHR Dec Monthly (12/18) 35 Put Current Option Price: $0.55-$0.60 Recommended Limit: Set your initial limit order at $0.60, but…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Apple (AAPL) and Applied Materials (AMAT) puts expired worthless on Friday, so I am recommending new ones today. And we were assigned shares of Target (TGT), so I am recommending a call to sell. If you are not currently in a TGT position, you will need to buy 100 shares of the stock first…
Let’s book profits on Marvell Technology Group (MRVL). Current Stock Price: $44.01 Cash in Hand: $1.33 Action: Buy to close the MRVL Dec Monthly (12/18) 43 Put Current Option Price: $0.38-$0.39 Recommended Limit: Set your initial limit order at $0.39, but adjust as needed to close today Profit: $0.94, or $94 per contract Rate of…
Chewy (CHWY) delivered excellent quarterly results this week, beating on both the top and bottom line. Revenue for its fiscal third quarter surged 45% year over year to $1.78 billion, while the per-share loss of $0.08 was narrower than expected. The company said it had 17.8 million active customers, up nearly 40% from a year…
Our Zoom Video Communications (ZM) Dec Week Two (12/11) 350/340 Put Spread is on track to expire worthless for a maximum profit. We will look to sell another spread on this pandemic favorite soon. Current Stock Price: $395.67 Cash in Hand: $0.85 Action: Watch spread expire worthless Profit: $0.85, or $85 per contract
We have positions in CVS Health (CVS), Marvell Technology Group (MRVL) and Peloton Interactive (PTON) expiring today. Our CVS put is on track to expire worthless with a small profit. We will simply watch it do so. I want to take a pause after successfully digging ourselves out of a big hole, but we may…
I am recommending we ladder up our Intel (INTC) put to bring in more income and reduce our net debit on the position. Current Stock Price: $50.58 Net Debit: $4.30 Action: Buy to close the INTC Dec Week Two (12/11) 49.50 Put for around $0.07 Sell to open the INTC Dec Monthly (12/18) 50 Put…
I am recommending we open a new spread on Peloton Interactive (PTON) to reduce our net debit on the position. However, you can enter today’s spread even if you were not in the previous one. Just be aware that we will be managing and tracking it as an ongoing position. If you are new to…
I was hoping for a bounce in D.R. Horton (DHI) before selling calls on our uncovered shares, but it has not materialized. I am recommending an out-of-the-money call to reduce our cost basis on the position. If you are not currently in a DHI position, you can sell today’s call. Just be sure to buy…
General Motors (GM) is up around 1% today, giving us a chance to book profits on our rolled position. Current Stock Price: $44.26 Cash in Hand: $0.95 Action: Buy to close the GM Dec Week Two (12/11) 44 Put Current Option Price: $0.43-$0.44 Recommended Limit: Set your initial limit order at $0.44, but adjust as…
Let’s take profits off the table on our Apple (AAPL), Corning (GLW), Peloton Interactive (PTON) and Taiwan Semiconductor Manufacturing (TSM) positions. In addition to booking excellent profits, we’ll free up capital for Income Madness, which kicks off today at noon Eastern. AAPL Dec Monthly (12/18) 120 Put Current Stock Price: $125.14 Cash in Hand: $1.82…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session on the member website this afternoon. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low…
We have three new positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session, including the addition of our newest stock, Apple (AAPL). You can watch a recording of the session here. What can I say about Apple? How about that it’s the most profitable company in the world? Or…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Dec. 7, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Below I…
Our Microsoft (MSFT), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on MSFT, ROKU and SQ. And I will recommend another PTON spread in the near future as we continue to work down our net debit on the position. MSFT Dec Week One…
We have put positions in Advanced Micro Devices (AMD), Chewy (CHWY), D.R. Horton (DHI) and Peloton Interactive (PTON) expiring today. I am recommending we book profits on AMD and allow our CHWY put to expire worthless. Note that Chewy is expected to announce earnings on Dec. 8. Be mindful of that if you are trading…
We have put positions in Advanced Micro Devices (AMD), Chewy (CHWY), D.R. Horton (DHI) and Peloton Interactive (PTON) expiring today. I am recommending we book profits on AMD and allow our CHWY put to expire worthless. Note that Chewy is expected to announce earnings on Dec. 8. Be mindful of that if you are trading…
Let’s pocket fast profits on our Crocs (CROX) covered call position rather than leave them on the table and at the mercy of headlines. I’m very happy with the way our first buy-write trade in some time worked out. I am also recommending we roll our General Motors (GM) put one week to avoid potential…
Let’s pocket fast profits on our Crocs (CROX) covered call position rather than leave them on the table and at the mercy of headlines. I’m very happy with the way our first buy-write trade in some time worked out. I am also recommending we roll our General Motors (GM) put one week to avoid potential…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Dec Monthly (12/18) 100 Put for around $3.05. You can go as low as $2.85, but please don’t start there and always use limit orders. (Current stock price: $100.26) TRADE TWO: Sell to open…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Dec Monthly (12/18) 100 Put for around $3.05. You can go as low as $2.85, but please don’t start there and always use limit orders. (Current stock price: $100.26) TRADE TWO: Sell to open…
Let’s book excellent profits on our Micron Technology (MU) and Peloton Interactive (PTON) puts. MU Dec Week One (12/4) 66.50 Put Current Stock Price: $70.65 Cash in Hand: $1.04 Action: Buy to close the MU Dec Week One (12/4) 66.50 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but…
Let’s book excellent profits on our Micron Technology (MU) and Peloton Interactive (PTON) puts. MU Dec Week One (12/4) 66.50 Put Current Stock Price: $70.65 Cash in Hand: $1.04 Action: Buy to close the MU Dec Week One (12/4) 66.50 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but…
I am recommending we ladder up our CVS Health (CVS) and Intel (INTC) puts to bring in more income. CVS Dec Week One (12/4) 66 Put Current Stock Price: $70.91 Net Debit: $0.33 Action: Buy to close the CVS Dec Week One (12/4) 66 Put for around $0.04 Sell to open the CVS Dec Week…
I am recommending we ladder up our CVS Health (CVS) and Intel (INTC) puts to bring in more income. CVS Dec Week One (12/4) 66 Put Current Stock Price: $70.91 Net Debit: $0.33 Action: Buy to close the CVS Dec Week One (12/4) 66 Put for around $0.04 Sell to open the CVS Dec Week…
I am recommending we roll our Corning (GLW) and Starbucks (SBUX) positions. GLW Dec Week One (12/4) 37.50 Put Current Stock Price: $37.15 Cash in Hand: $0.72 Action: Buy to close the GLW Dec Week One (12/4) 37.50 Put for around $0.50 Sell to open the GLW Dec Week Two (12/11) 37.50 Put for around…
I am recommending we roll our Corning (GLW) and Starbucks (SBUX) positions. GLW Dec Week One (12/4) 37.50 Put Current Stock Price: $37.15 Cash in Hand: $0.72 Action: Buy to close the GLW Dec Week One (12/4) 37.50 Put for around $0.50 Sell to open the GLW Dec Week Two (12/11) 37.50 Put for around…
We have the opportunity to ladder up our Chewy (CHWY) put to generate more income. We will be rolling to higher strike prices but keeping the expiration dates the same. Current Stock Price: $73.15 Cash in Hand: $2.34 Action: Buy to close the CHWY Dec Week One (12/4) 67.50 Put for around $0.16 Sell to…
We have the opportunity to ladder up our Chewy (CHWY) put to generate more income. We will be rolling to higher strike prices but keeping the expiration dates the same. Current Stock Price: $73.15 Cash in Hand: $2.34 Action: Buy to close the CHWY Dec Week One (12/4) 67.50 Put for around $0.16 Sell to…
We have the opportunity to ladder up our Applied Materials (AMAT) and Chewy (CHWY) puts to generate more income. We will be rolling to higher strike prices but keeping the expiration dates the same. If you are not currently in an AMAT and/or CHWY position, you can enter one today by selling the put with…
We have the opportunity to ladder up our Micron Technology (MU) and Peloton Interactive (PTON) puts to generate more income. We will be rolling to higher strike prices but keeping the expiration dates the same. MU Dec Week One (12/4) 61 Put Current Stock Price: $68.03 Cash in Hand: $0.61 Action: Buy to close the…
We have the opportunity to ladder up our Micron Technology (MU) and Peloton Interactive (PTON) puts to generate more income. We will be rolling to higher strike prices but keeping the expiration dates the same. MU Dec Week One (12/4) 61 Put Current Stock Price: $68.03 Cash in Hand: $0.61 Action: Buy to close the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Dec Week One (12/4) 91 Put for around $0.87. You can go as low as $0.82, but please don’t start there and always use limit orders. (Current stock price: $93.45) TRADE TWO: Buy 100…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Dec Week One (12/4) 91 Put for around $0.87. You can go as low as $0.82, but please don’t start there and always use limit orders. (Current stock price: $93.45) TRADE TWO: Buy 100…
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…
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 Intel (INTC) put to bring in more income as we continue to work down our net debit on the position. Current Stock Price: $46.63 New Debit: $5.32 Action: Buy to close the INTC Nov Week Four (11/27) 46 Put for around $0.07 Sell to open the INTC Dec Week…
I am recommending we roll our Intel (INTC) put to bring in more income as we continue to work down our net debit on the position. Current Stock Price: $46.63 New Debit: $5.32 Action: Buy to close the INTC Nov Week Four (11/27) 46 Put for around $0.07 Sell to open the INTC Dec Week…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Dec Week One (12/4) 37.50 Put for around $0.72. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $37.35) TRADE TWO: Sell to open the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Dec Week One (12/4) 37.50 Put for around $0.72. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $37.35) TRADE TWO: Sell to open the…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
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 net debits on Lululemon Athletica (LULU) and Square (SQ) 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. If…
We have net debits on Lululemon Athletica (LULU) and Square (SQ) 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. If…
Our CVS Health (CVS) shares were called away last week. Today, I am recommending we sell a put to bring in income to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking based…
Our CVS Health (CVS) shares were called away last week. Today, I am recommending we sell a put to bring in income to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking based…
Our Applied Materials (AMAT), Chewy (CHWY) and Target (TGT) puts expired worthless last week. I am recommending new positions on each. Since this is going to be a very light trading week, we are going out to the Dec. 4 expiration, which will allow us to generate more cash. Note that I will not be…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AMAT Nov Monthly (11/20) 70 Put Applied Materials (AMAT) has finally broken out, with the stock gaining 7% this week. My guess is that the prospect of the end to the trade war with China is making traders much more…
CVS Health (CVS) sold off this week but remains well above the strike price of our CVS Nov Monthly (11/20) 60 Call. I am recommending we allow our shares to be called away. We will incur a net debit and will continue the position by selling puts to bring in income. Current Stock Price: $66.13…
CVS Health (CVS) sold off this week but remains well above the strike price of our CVS Nov Monthly (11/20) 60 Call. I am recommending we allow our shares to be called away. We will incur a net debit and will continue the position by selling puts to bring in income. Current Stock Price: $66.13…
We are on track to be called out of our D.R. Horton (DHI) shares at a profit. And let’s roll our Starbucks (SBUX) put to avoid assignment and bring in more income. DHI Nov Monthly (11/20) 72.50 Call Current Stock Price: $74.64 Cost Basis: $71.80 Action: Allow shares to be called away Profit: $0.70, or…
We are on track to be called out of our D.R. Horton (DHI) shares at a profit. And let’s roll our Starbucks (SBUX) put to avoid assignment and bring in more income. DHI Nov Monthly (11/20) 72.50 Call Current Stock Price: $74.64 Cost Basis: $71.80 Action: Allow shares to be called away Profit: $0.70, or…
Our Lululemon Athletica (LULU), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on ROKU, and I will recommend another LULU and SQ spread in the near future as we continue to work down our net debit on those positions. LULU Nov Monthly (11/20) 310/300 Put Spread…
Our Lululemon Athletica (LULU), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on ROKU, and I will recommend another LULU and SQ spread in the near future as we continue to work down our net debit on those positions. LULU Nov Monthly (11/20) 310/300 Put Spread…
Our most recent S&P 500 (SPX) hedges — the SPX Nov Monthly (11/20) 2700 Put and the SPX Nov Monthly (11/20) 2700/2650 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these…
Our most recent S&P 500 (SPX) hedges — the SPX Nov Monthly (11/20) 2700 Put and the SPX Nov Monthly (11/20) 2700/2650 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of these…
Let’s book fast profits on General Motors (GM), Marvell Technology Group (MRVL) and Peloton Interactive (PTON). The market is choppy and there’s no sense leaving profits like this on the table. GM Nov Week Four (11/27) 40 Put Current Stock Price: $42.54 Cash in Hand: $0.49 Action: Buy to close the GM Nov Week Four…
Let’s book fast profits on General Motors (GM), Marvell Technology Group (MRVL) and Peloton Interactive (PTON). The market is choppy and there’s no sense leaving profits like this on the table. GM Nov Week Four (11/27) 40 Put Current Stock Price: $42.54 Cash in Hand: $0.49 Action: Buy to close the GM Nov Week Four…
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I am recommending we ladder up our Applied Materials (AMAT) and Target (TGT) puts — i.e., roll to higher strikes for more cash. Note that the expiration date on the positions will remain the same. Both stocks have run up this week, with TGT more than 5% higher today following the release of the company’s…
I am recommending we roll our Peloton Interactive (PTON) positions to avoid assignment and ladder up our Starbucks (SBUX) put for more cash. PTON Nov Monthly (11/20) 115 Put Current Stock Price: $101.43 Cash in Hand: $0.77 Action: Buy to close the PTON Nov Monthly (11/20) 115 Put for around $13.60 Sell to open the…
I am recommending we roll our Peloton Interactive (PTON) positions to avoid assignment and ladder up our Starbucks (SBUX) put for more cash. PTON Nov Monthly (11/20) 115 Put Current Stock Price: $101.43 Cash in Hand: $0.77 Action: Buy to close the PTON Nov Monthly (11/20) 115 Put for around $13.60 Sell to open the…
Download Presentation Slides View the full Trade Alert here.
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy Session, where I also discussed Buy-Writes. You can watch a recording 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”…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy Session, where I also discussed Buy-Writes. You can watch a recording 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”…
Corning (GLW) is moving lower today following a big jump on Friday and Monday. Let’s book profits now and free up capital for new trades. This is our 10th successful trade on the glassmaker so far this year. Current Stock Price: $36.30 Cash in Hand: $0.50 Action: Buy to close the GLW Nov Monthly (11/20)…
Corning (GLW) is moving lower today following a big jump on Friday and Monday. Let’s book profits now and free up capital for new trades. This is our 10th successful trade on the glassmaker so far this year. Current Stock Price: $36.30 Cash in Hand: $0.50 Action: Buy to close the GLW Nov Monthly (11/20)…
I am recommending we roll all four of our Perpetual Income Portfolio Club positions today to capture more premium. If you are not currently in the Applied Materials (AMAT), Chewy (CHWY) and Target (TGT) positions, you can enter them today by selling the monthly puts. Note that Target is expected to report earnings on Wednesday,…
Let’s ladder up our Starbucks (SBUX) put to continue to chip away at our net debit. Current Stock Price: $93.89 Net Debit: $10.65 Action: Buy to close the SBUX Nov Week Two (11/13) 87.50 Put for around $0.02 Sell to open the SBUX Nov Monthly (11/20) 92.50 Put for around $0.85 Set initial credit limit…
Let’s ladder up our Starbucks (SBUX) put to continue to chip away at our net debit. Current Stock Price: $93.89 Net Debit: $10.65 Action: Buy to close the SBUX Nov Week Two (11/13) 87.50 Put for around $0.02 Sell to open the SBUX Nov Monthly (11/20) 92.50 Put for around $0.85 Set initial credit limit…
The market is tired, so let’s book profits on D.R. Horton (DHI) and Peloton Interactive (PTON). Note that I marked the cash in hand for PTON at the recommended go as low as price, since the premium dropped shortly after I recommended the position and never hit the stated midpoint. I am also recommending we…
The market is tired, so let’s book profits on D.R. Horton (DHI) and Peloton Interactive (PTON). Note that I marked the cash in hand for PTON at the recommended go as low as price, since the premium dropped shortly after I recommended the position and never hit the stated midpoint. I am also recommending we…
Peloton Interactive (PTON) sold off sharply this week with other pandemic stocks on promising news about a potential coronavirus vaccine. I think this is an absurd overreaction and expect at least a modest bounce. I am recommending we roll our put to buy time for shares to recover. The PTON spread has another week and…
Peloton Interactive (PTON) sold off sharply this week with other pandemic stocks on promising news about a potential coronavirus vaccine. I think this is an absurd overreaction and expect at least a modest bounce. I am recommending we roll our put to buy time for shares to recover. The PTON spread has another week and…
Download Presentation Slides View the full Trade Alert here.
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy Session, where I also discussed Managing Net Debits. 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…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy Session, where I also discussed Managing Net Debits. 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…
Let’s book profits on our salesforce (CRM) spread while the market is up on promising news about a potential coronavirus vaccine. Current Stock Price: $266.94 Cash in Hand: $1.13 Action: Buy to close the CRM Nov Monthly (11/20) 220 Put for around $0.18 Sell to close the CRM Nov Monthly (11/20) 210 Put for around…
Let’s book profits on our salesforce (CRM) spread while the market is up on promising news about a potential coronavirus vaccine. Current Stock Price: $266.94 Cash in Hand: $1.13 Action: Buy to close the CRM Nov Monthly (11/20) 220 Put for around $0.18 Sell to close the CRM Nov Monthly (11/20) 210 Put for around…
We have four new positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session. You can watch a recording of the session here. Our Applied Materials (AMAT) and Chewy (CHWY) puts expired worthless on Friday, so we are selling new puts on these names today. Our Gilead Sciences (GILD) call…
Let’s book profits on Bank of America (BAC) while the market is up on promising news about a potential coronavirus vaccine. Current Stock Price: $27.03 Cash in Hand: $0.40 Action: Buy to close the BAC Nov Week Two (11/13) 23.50 Put Current Option Price: $0.01-$0.02 Recommended Limit: Set your initial limit order at $0.02, but…
Let’s book profits on Bank of America (BAC) while the market is up on promising news about a potential coronavirus vaccine. Current Stock Price: $27.03 Cash in Hand: $0.40 Action: Buy to close the BAC Nov Week Two (11/13) 23.50 Put Current Option Price: $0.01-$0.02 Recommended Limit: Set your initial limit order at $0.02, but…
We closed our Peloton Interactive (PTON) put position earlier this week, incurring a net debit. The goal was to avoid earnings risk in this volatile stock and re-enter the position after the announcement. An earlier alert incorrectly cited a net debit for a PTON spread position, but that was meant to be a new standalone…
We closed our Peloton Interactive (PTON) put position earlier this week, incurring a net debit. The goal was to avoid earnings risk in this volatile stock and re-enter the position after the announcement. An earlier alert incorrectly cited a net debit for a PTON spread position, but that was meant to be a new standalone…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Nov. 9, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Here’s where…
With earnings behind us, it is time to open new spreads on Lululemon Athletica (LULU), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ). Note that we are carrying over net debits on the LULU, ROKU and SQ positions. However, you can enter today’s trades even if you were not in the previous ones. Just be aware…
With earnings behind us, it is time to open new spreads on Lululemon Athletica (LULU), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ). Note that we are carrying over net debits on the LULU, ROKU and SQ positions. However, you can enter today’s trades even if you were not in the previous ones. Just be aware…
We have positions in Chewy (CHWY) and Micron Technology (MU) expiring today. Our CHWY put is on track to expire worthless, resulting in a max profit. Our MU shares are on track to be called away following one of the longest rolls in Options Income Blueprint history. We entered the position back in mid-February when…
We have positions in Chewy (CHWY) and Micron Technology (MU) expiring today. Our CHWY put is on track to expire worthless, resulting in a max profit. Our MU shares are on track to be called away following one of the longest rolls in Options Income Blueprint history. We entered the position back in mid-February when…
Let’s book profits on our Crocs (CROX), Marvell Technology Group (MRVL) and Target (TGT) puts. I am also recommending we roll our Starbucks (SBUX) position. CROX Nov Monthly (11/20) 50 Put Current Stock Price: $57.06 Cash in Hand: $1.75 Action: Buy to close the CROX Nov Monthly (11/20) 50 Put for around $0.48 Profit: $1.27,…
Let’s book profits on our Crocs (CROX), Marvell Technology Group (MRVL) and Target (TGT) puts. I am also recommending we roll our Starbucks (SBUX) position. CROX Nov Monthly (11/20) 50 Put Current Stock Price: $57.06 Cash in Hand: $1.75 Action: Buy to close the CROX Nov Monthly (11/20) 50 Put for around $0.48 Profit: $1.27,…
Let’s book profits on our Advanced Micro Devices (AMD) put and roll our CVS Health (CVS) and Intel (INTC) positions for more cash. AMD Nov Week One (11/6) 75 Put Current Stock Price: $83.05 Cash in Hand: $1.76 Action: Buy to close the AMD Nov Week One (11/6) 75 Put Current Option Price: $0.02-$0.03 Recommended…
Let’s book profits on our Advanced Micro Devices (AMD) put and roll our CVS Health (CVS) and Intel (INTC) positions for more cash. AMD Nov Week One (11/6) 75 Put Current Stock Price: $83.05 Cash in Hand: $1.76 Action: Buy to close the AMD Nov Week One (11/6) 75 Put Current Option Price: $0.02-$0.03 Recommended…
We skipped live trading this week, as I was concerned about a sell-off on an undecided election. Once again, I was wrong about how the market would behave following an election. Stocks are running up today in spite of what could be a prolonged vote tally. We are putting on new positions in two old…
We skipped live trading this week, as I was concerned about a sell-off on an undecided election. Once again, I was wrong about how the market would behave following an election. Stocks are running up today in spite of what could be a prolonged vote tally. We are putting on new positions in two old…
Peloton Interactive (PTON) is expected to announce earnings tomorrow, so I am recommending we buy back our put now. We will continue the position after the announcement, carrying over a net debit. On a personal note, an asymptomatic family member recently got a false positive on a COVID-19 rapid test called the Sofia, made by…
Peloton Interactive (PTON) is expected to announce earnings tomorrow, so I am recommending we buy back our put now. We will continue the position after the announcement, carrying over a net debit. On a personal note, an asymptomatic family member recently got a false positive on a COVID-19 rapid test called the Sofia, made by…
Let’s book profits on Bank of America (BAC). We will look to trade it again soon. Current Stock Price: $24.84 Cash in Hand: $0.72 Action: Buy to close the BAC Nov Week One (11/6) 24 Put Current Option Price: $0.25-$0.27 Recommended Limit: Set your initial limit order for $0.26, but adjust as needed to close…
Let’s book profits on Bank of America (BAC). We will look to trade it again soon. Current Stock Price: $24.84 Cash in Hand: $0.72 Action: Buy to close the BAC Nov Week One (11/6) 24 Put Current Option Price: $0.25-$0.27 Recommended Limit: Set your initial limit order for $0.26, but adjust as needed to close…
Let’s book profits on Corning (GLW). We will look to trade it again soon. Current Stock Price: $33.42 Cash in Hand: $0.38 Action: Buy to close the GLW Nov Week One (11/6) 30 Put for around $0.07 Profit: $0.31, or $31 per contract
Let’s book profits on Corning (GLW). We will look to trade it again soon. Current Stock Price: $33.42 Cash in Hand: $0.38 Action: Buy to close the GLW Nov Week One (11/6) 30 Put for around $0.07 Profit: $0.31, or $31 per contract
We bought back our Starbucks (SBUX) put last week to avoid the company’s earnings announcement. Starbucks reported better-than-expected fiscal fourth quarter earnings and revenue, saying sales in the United States and China are bouncing back from the pandemic faster than anticipated. Management’s forecast for the year ahead also exceeded analyst forecasts. The stock initially traded…
We bought back our Starbucks (SBUX) put last week to avoid the company’s earnings announcement. Starbucks reported better-than-expected fiscal fourth quarter earnings and revenue, saying sales in the United States and China are bouncing back from the pandemic faster than anticipated. Management’s forecast for the year ahead also exceeded analyst forecasts. The stock initially traded…
I am recommending we roll our Applied Materials (AMAT) and Target (TGT) positions and sell a call on our uncovered Gilead Sciences (GILD) shares. AMAT hit the $60 level but then turned lower with the broader market sell-off. I am recommending we roll out one week to generate cash and buy some time for the…
Our Lululemon Athletica (LULU), Roku (ROKU) and Zoom Video Communications (ZM) spread expire today. With all three stocks selling off sharply, I am recommending we close them now. If they were put positions, I would roll to buy more time. But they are not. They are highly leveraged spread so closing now is the right…
Our Lululemon Athletica (LULU), Roku (ROKU) and Zoom Video Communications (ZM) spread expire today. With all three stocks selling off sharply, I am recommending we close them now. If they were put positions, I would roll to buy more time. But they are not. They are highly leveraged spread so closing now is the right…
Square (SQ) is down sharply today, so I am recommending we close the spread now to avoid potential assignment. We will continue the position by selling a new spread soon, carrying over our net debit. Current Stock Price: $153.89 Cash in Hand: $0.50 Action: Buy to close the SQ Oct Week Five (10/30) 155 Put…
Square (SQ) is down sharply today, so I am recommending we close the spread now to avoid potential assignment. We will continue the position by selling a new spread soon, carrying over our net debit. Current Stock Price: $153.89 Cash in Hand: $0.50 Action: Buy to close the SQ Oct Week Five (10/30) 155 Put…
I am recommending we roll our Marvell Technology Group (MRVL), Peloton Interactive (PTON) and Target (TGT) puts. MRVL is selling off today after the company announced it is acquiring data center component chipmaker Inphi (IPHI) for $10 billion. We are rolling out one week to generate some cash and buy time for the stock to…
I am recommending we roll our Marvell Technology Group (MRVL), Peloton Interactive (PTON) and Target (TGT) puts. MRVL is selling off today after the company announced it is acquiring data center component chipmaker Inphi (IPHI) for $10 billion. We are rolling out one week to generate some cash and buy time for the stock to…
I am recommending we close our Microsoft (MSFT) and Starbucks (SBUX) positions. There is too much cash on the table with MSFT in a trade open less than 24 hours to pass up this opportunity to book profits. SBUX is expected to report earnings after the close and I do not want to be exposed.…
I am recommending we close our Microsoft (MSFT) and Starbucks (SBUX) positions. There is too much cash on the table with MSFT in a trade open less than 24 hours to pass up this opportunity to book profits. SBUX is expected to report earnings after the close and I do not want to be exposed.…
I am recommending we roll our CVS Health (CVS) and Micron Technology (MU) calls out one week. CVS is expected to announce earnings before the market open next Friday, the day the new option will expire. I plan to hold the position through earnings, which is why we are rolling up to a higher-strike call…
I am recommending we roll our CVS Health (CVS) and Micron Technology (MU) calls out one week. CVS is expected to announce earnings before the market open next Friday, the day the new option will expire. I plan to hold the position through earnings, which is why we are rolling up to a higher-strike call…
I am recommending we roll our Advanced Micro Devices (AMD), Bank of America (BAC) and Intel (INTC) puts. The goal with each is to avoid potential assignment while also bringing in additional income. AMD Oct Week Five (10/30) 77 Put Current Stock Price: $78.09 Cash in Hand: $0.79 Action: Buy to close the AMD Oct…
I am recommending we roll our Advanced Micro Devices (AMD), Bank of America (BAC) and Intel (INTC) puts. The goal with each is to avoid potential assignment while also bringing in additional income. AMD Oct Week Five (10/30) 77 Put Current Stock Price: $78.09 Cash in Hand: $0.79 Action: Buy to close the AMD Oct…
Our S&P 500 (SPX) hedges are profitable with two days to go until expiration. I am recommending we close the current positions and put on new hedges expiring next month. Note that I am recommending you buy the more liquid November monthly options as opposed to the November week three series, which also expire on…
Our S&P 500 (SPX) hedges are profitable with two days to go until expiration. I am recommending we close the current positions and put on new hedges expiring next month. Note that I am recommending you buy the more liquid November monthly options as opposed to the November week three series, which also expire on…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Nov Week One (11/6) 30 Put for around $0.38. You can go as low as $0.32, but please don’t start there and always use limit orders. (Current stock price: $32.06) TRADE TWO: Sell to open the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Nov Week One (11/6) 30 Put for around $0.38. You can go as low as $0.32, but please don’t start there and always use limit orders. (Current stock price: $32.06) TRADE TWO: Sell to open the…
I am recommending we sell a call on our uncovered D.R. Horton (DHI) shares. We will be tracking and managing this as an ongoing position. However, you can enter today’s trade even if you were not in the previous position. Just be sure to buy 100 shares of the stock first for every call you…
I am recommending we sell a call on our uncovered D.R. Horton (DHI) shares. We will be tracking and managing this as an ongoing position. However, you can enter today’s trade even if you were not in the previous position. Just be sure to buy 100 shares of the stock first for every call you…
Download Presentation Slides View the full Trade Alert here.
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy Session, where I also covered Why (and How) We Roll Calls. 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…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy Session, where I also covered Why (and How) We Roll Calls. 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…
We accepted shares of Target (TGT) on Friday, so I am recommending a call to sell against them today. TGT continues to pull back this week, but the company is flourishing. I expect the runup in the stock to continue following a brief pause. If you are not currently in a TGT position, you can…
I am recommending we roll our Applied Materials (AMAT) and Chewy (CHWY) positions today. AMAT was on track to expire worthless before today’s sell-off on the heels of Intel’s (INTC) earnings announcement. The industry bellwether reported better-than-expected earnings but saw an unexpected drop in its server segment. We are going to roll our AMAT put…
We have two positions expiring today. I am recommending we accept shares of D.R. Horton (DHI). We will sell a call against them soon. I am also recommending we roll our Target (TGT) put. DHI Oct Week Four (10/23) 75 Put Current Stock Price: $72.21 Cash in Hand: $0.63 Action: Accept shares Cost Basis: $74.37…
We have two positions expiring today. I am recommending we accept shares of D.R. Horton (DHI). We will sell a call against them soon. I am also recommending we roll our Target (TGT) put. DHI Oct Week Four (10/23) 75 Put Current Stock Price: $72.21 Cash in Hand: $0.63 Action: Accept shares Cost Basis: $74.37…
Advanced Micro Devices (AMD) is rallying today following the release of Intel’s (INTC) earnings, giving us a chance to profitably close a position that was underwater a day ago. Speaking of Intel, sitting out earnings was the right call, as the stock is down more than 10% today despite the company reporting better-than-expected earnings. We…
Advanced Micro Devices (AMD) is rallying today following the release of Intel’s (INTC) earnings, giving us a chance to profitably close a position that was underwater a day ago. Speaking of Intel, sitting out earnings was the right call, as the stock is down more than 10% today despite the company reporting better-than-expected earnings. We…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Target (TGT) Oct Week Four (10/23) 160 Put for around $1.19. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $159.88) TRADE TWO: Sell to open the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Target (TGT) Oct Week Four (10/23) 160 Put for around $1.19. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $159.88) TRADE TWO: Sell to open the…
I am recommending we book profits on our JPMorgan Chase (JPM) and Taiwan Semiconductor Manufacturing (TSM) positions. And let’s roll our Peloton Interactive (PTON) put. JPM Oct Week Four (10/23) 100 Put Current Stock Price: $101.89 Cash in Hand: $0.85 Action: Buy to close the JPM Oct Week Four (10/23) 100 Put for around $0.19…
I am recommending we book profits on our JPMorgan Chase (JPM) and Taiwan Semiconductor Manufacturing (TSM) positions. And let’s roll our Peloton Interactive (PTON) put. JPM Oct Week Four (10/23) 100 Put Current Stock Price: $101.89 Cash in Hand: $0.85 Action: Buy to close the JPM Oct Week Four (10/23) 100 Put for around $0.19…
I am recommending we close our Apple (AAPL) and Corning (GLW) positions with modest profits. Both companies are scheduled to report earnings next week, so I do not want to roll out. AAPL Oct Week Four (10/23) 115 Put Current Stock Price: $115.63 Cash in Hand: $1.25 Action: Buy to close the AAPL Oct Week…
I am recommending we close our Apple (AAPL) and Corning (GLW) positions with modest profits. Both companies are scheduled to report earnings next week, so I do not want to roll out. AAPL Oct Week Four (10/23) 115 Put Current Stock Price: $115.63 Cash in Hand: $1.25 Action: Buy to close the AAPL Oct Week…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Peloton Interactive (PTON) Oct Week Four (10/23) 125 Put for around $0.84. You can go as low as $0.74, but please don’t start there and always use limit orders. (Current stock price: $133.25) TRADE TWO: Sell to open…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Peloton Interactive (PTON) Oct Week Four (10/23) 125 Put for around $0.84. You can go as low as $0.74, but please don’t start there and always use limit orders. (Current stock price: $133.25) 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…
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…
Below are this week’s Perpetual Income Portfolio Club trades. Our Applied Materials (AMAT) put expired worthless on Friday as the stock closed right at our strike. We are selling a new put this week. We allowed our Chewy (CHWY) shares to be called away, so we are entering a new put position today. Next, our…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AMAT Oct Monthly (10/16) 63 Put Applied Materials (AMAT) is trading lower today and down around 1% for the week. My guess is this is simple sector rotation following a big move up in semiconductor stocks this year. The company…
We have a number of positions expiring today. I am recommending we book profits on our Apple (AAPL) put rather than sweat it out through the close. Our Lululemon Athletica (LULU) and Roku (ROKU) spreads are on track to expire worthless. We will continue both positions by selling new spreads soon to reduce our net…
We have a number of positions expiring today. I am recommending we book profits on our Apple (AAPL) put rather than sweat it out through the close. Our Lululemon Athletica (LULU) and Roku (ROKU) spreads are on track to expire worthless. We will continue both positions by selling new spreads soon to reduce our net…
I am recommending we roll our CVS Health (CVS) and Micron Technology (MU) calls up to higher strikes. While we will have to spend a little cash to do so, we will be capturing more potential appreciation. Our Intel (INTC) call is deep in the money. I am recommending we allow our shares to be…
I am recommending we roll our CVS Health (CVS) and Micron Technology (MU) calls up to higher strikes. While we will have to spend a little cash to do so, we will be capturing more potential appreciation. Our Intel (INTC) call is deep in the money. I am recommending we allow our shares to be…
Today’s rally is giving us a chance to book fast profits on Chewy (CHWY) and Corning (GLW). CHWY Oct Week Four (10/23) 62 Put Current Stock Price: $67.90 Cash in Hand: $1.27 Action: Buy to close the CHWY Oct Week Four (10/23) 62 Put Current Option Price: $0.33- $0.37 Recommended Limit: Set your initial limit…
Today’s rally is giving us a chance to book fast profits on Chewy (CHWY) and Corning (GLW). CHWY Oct Week Four (10/23) 62 Put Current Stock Price: $67.90 Cash in Hand: $1.27 Action: Buy to close the CHWY Oct Week Four (10/23) 62 Put Current Option Price: $0.33- $0.37 Recommended Limit: Set your initial limit…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the D.R. Horton (DHI) Oct Week Four (10/23) 75 Put for around $0.63. You can go as low as $0.57, but please don’t start there and always use limit orders. (Current stock price: $78.02) TRADE TWO: Sell to open…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the D.R. Horton (DHI) Oct Week Four (10/23) 75 Put for around $0.63. You can go as low as $0.57, but please don’t start there and always use limit orders. (Current stock price: $78.02) TRADE TWO: Sell to open…
I am recommending we roll our Chewy (CHWY) and Corning (GLW) puts. And let’s book profits on our JPMorgan Chase (JPM) position. CHWY Oct Monthly (10/16) 63 Put Current Stock Price: $63.72 Cash in Hand: $0.48 Action: Buy to close the CHWY Oct Monthly (10/16) 63 Put for around $0.69 Sell to open the CHWY…
I am recommending we roll our Chewy (CHWY) and Corning (GLW) puts. And let’s book profits on our JPMorgan Chase (JPM) position. CHWY Oct Monthly (10/16) 63 Put Current Stock Price: $63.72 Cash in Hand: $0.48 Action: Buy to close the CHWY Oct Monthly (10/16) 63 Put for around $0.69 Sell to open the CHWY…
The market is selling off on worse-than-expected jobless claims, rising coronavirus infections and the lack of a stimulus package. We have great profits in Advanced Micro Devices (AMD) and Herman Miller (MLHR). Let’s book them now. AMD Oct Monthly (10/16) 80 Put Current Stock Price: $82.77 Cash in Hand: $0.92 Action: Buy to close the…
The market is selling off on worse-than-expected jobless claims, rising coronavirus infections and the lack of a stimulus package. We have great profits in Advanced Micro Devices (AMD) and Herman Miller (MLHR). Let’s book them now. AMD Oct Monthly (10/16) 80 Put Current Stock Price: $82.77 Cash in Hand: $0.92 Action: Buy to close the…
My apologies for the last-minute schedule change that moved today’s Income Masters Live Trading Session to tomorrow, Oct. 15, at noon Eastern. I am, however, recommending two new positions that you can enter now. TRADE ONE: Sell to open the Apple (AAPL) Oct Monthly (10/16) 121 Put for around $1.28. You can go as low…
My apologies for the last-minute schedule change that moved today’s Income Masters Live Trading Session to tomorrow, Oct. 15, at noon Eastern. I am, however, recommending two new positions that you can enter now. TRADE ONE: Sell to open the Apple (AAPL) Oct Monthly (10/16) 121 Put for around $1.28. You can go as low…
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…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
I am recommending we book profits on our Apple (AAPL), Microsoft (MSFT) and PayPal (PYPL) spreads, earning excellent rates of return. AAPL Oct Monthly (10/16) 105/100 Put Spread Current Stock Price: $123.29 Cash in Hand: $0.81 Action: Buy to close the AAPL Oct Monthly (10/16) 105 Put for around $0.03 Watch the AAPL Oct Monthly…
I am recommending we book profits on our Apple (AAPL), Microsoft (MSFT) and PayPal (PYPL) spreads, earning excellent rates of return. AAPL Oct Monthly (10/16) 105/100 Put Spread Current Stock Price: $123.29 Cash in Hand: $0.81 Action: Buy to close the AAPL Oct Monthly (10/16) 105 Put for around $0.03 Watch the AAPL Oct Monthly…
Our Applied Materials (AMAT) and Target (TGT) puts and Gilead Sciences (GILD) call expired worthless on Friday. We are selling new options on these positions today. AMAT continues to run higher and could get a boost from a positive announcement by Taiwan Semiconductor Manufacturing (TSM), which is expected to report earnings this week. GILD is…
Crocs (CROX) is running up today with the broader market. Let’s book profits now. Current Stock Price: $47.97 Cash in Hand: $0.85 Action: Buy to close the CROX Oct Monthly (10/16) 45 Put Current Option Price: $0.15-$0.30 Recommended Limit: Set your initial limit order at $0.25, but adjust as needed to close today Profit: $0.60,…
Crocs (CROX) is running up today with the broader market. Let’s book profits now. Current Stock Price: $47.97 Cash in Hand: $0.85 Action: Buy to close the CROX Oct Monthly (10/16) 45 Put Current Option Price: $0.15-$0.30 Recommended Limit: Set your initial limit order at $0.25, but adjust as needed to close today Profit: $0.60,…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AMAT Oct Week Two (10/9) 59 Put Applied Materials (AMAT) continues to run up, adding another 9.5% so far this week. I see the chip sector continuing to heat up, with an increasing number of mergers and acquisitions and the…
Let’s roll our Microsoft (MSFT) and Starbucks (SBUX) positions. Premiums are in our favor. MSFT Oct Week Two (10/9) 210 Call Current Stock Price: $213.16 Cost Basis: $208.58 Action: Buy to close the MSFT Oct Week Two (10/9) 210 Call for around $3.25 Sell to open the MSFT Oct Monthly (10/16) 210 Call for around…
Let’s roll our Microsoft (MSFT) and Starbucks (SBUX) positions. Premiums are in our favor. MSFT Oct Week Two (10/9) 210 Call Current Stock Price: $213.16 Cost Basis: $208.58 Action: Buy to close the MSFT Oct Week Two (10/9) 210 Call for around $3.25 Sell to open the MSFT Oct Monthly (10/16) 210 Call for around…
Our most recent S&P 500 (SPX) hedges — the SPX Oct Week Two (10/9) 2850 Put and the SPX Oct Week Two (10/9) 2850/2800 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
Our most recent S&P 500 (SPX) hedges — the SPX Oct Week Two (10/9) 2850 Put and the SPX Oct Week Two (10/9) 2850/2800 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
Corning (GLW) has been running up over the past few days but there’s no way to know whether this move will hold. Let’s book profits on our position now. We will look to trade the stock again soon. Current Stock Price: $35.58 Cash in Hand: $0.72 Action: Buy to close the GLW Oct Monthly (10/16)…
Corning (GLW) has been running up over the past few days but there’s no way to know whether this move will hold. Let’s book profits on our position now. We will look to trade the stock again soon. Current Stock Price: $35.58 Cash in Hand: $0.72 Action: Buy to close the GLW Oct Monthly (10/16)…
Download Presentation Slides See the Income Masters Bullpen list here.
With Corning (GLW) running higher this week, I am recommending we ladder up our put to generate more income. Current Stock Price: $34.59 Cash in Hand: $0.49 Action: Buy to close the GLW Oct Week Two (10/9) 32.50 Put for around $0.07 Sell to open the GLW Oct Monthly (10/16) 33.50 Put for around $0.30 Set…
With Corning (GLW) running higher this week, I am recommending we ladder up our put to generate more income. Current Stock Price: $34.59 Cash in Hand: $0.49 Action: Buy to close the GLW Oct Week Two (10/9) 32.50 Put for around $0.07 Sell to open the GLW Oct Monthly (10/16) 33.50 Put for around $0.30 Set…
Module 1, Lesson 1: Mastering Covered Call Options Module 1, Lesson 2: Becoming the House; Selling vs. Buying Options Module 1, Lesson 3: Selling Covered Call Options Module 1, Lesson 4: The Advantages of Selling Call Options Downloads Module 1 Strategy Guide
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…
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…
Weekly Paycheck Training Video The Weekly Paycheck Q/A Downloads Weekly Paycheck Training Guide Weekly Paycheck Training Guide Training Slides Weekly Paycheck Training Cheat Sheet Enter a Weekly Option Trade Cheat Sheet Rolling and Recovery Cheat Sheet Understanding Your Options Trading Screen
Module 2, Lesson 1: Getting Started Selling Covered Call Options Module 2, Lesson 2: Covered Call Option Pricing Module 2, Lesson 3: Time Value and Intrinsic Value Downloads Module 2 Strategy Guide
We have three new positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session. You can watch a recording of the session here. Our Applied Materials (AMAT) and Target (TGT) puts expired worthless on Friday, so we are selling new puts on these names today. Our Gilead Sciences (GILD) call…
Module 3, Lesson 1: The Best Covered Call To Sell Module 3, Lesson 2: Entering Your Covered Call Trade Downloads Module 3 Strategy Guide
Module 4, Lesson 1: Monitoring Your Covered Call Position Module 4, Lesson 2: Managing a Call Position That Goes Against You Module 4, Lesson 3: Rolling Your Call Forward Module 4, Lesson 4: Rolling Your Covered Call Down Downloads Module 4 Strategy Guide
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Oct. 5, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. I am…
I am recommending we roll our CVS Health (CVS), Intel (INTC) and Micron Technology (MU) calls. CVS Oct Week One (10/2) 57 Call Current Stock Price: $57.54 Cost Basis: $62.02 (Note that the cost basis was incorrectly listed as $61.93 in the previous alert.) Action: Buy to close the CVS Oct Week One (10/2) 57…
I am recommending we roll our CVS Health (CVS), Intel (INTC) and Micron Technology (MU) calls. CVS Oct Week One (10/2) 57 Call Current Stock Price: $57.54 Cost Basis: $62.02 (Note that the cost basis was incorrectly listed as $61.93 in the previous alert.) Action: Buy to close the CVS Oct Week One (10/2) 57…
I am recommending we roll our Starbucks (SBUX) put to generate more income. Current Stock Price: $87.04 Net Debit: $13.86 Action: Buy to close the SBUX Oct Week One (10/2) 83 Put for around $0.06 Sell to open the SBUX Oct Week Two (10/9) 85 Put for around $0.66 Set initial credit limit at $0.60…
I am recommending we roll our Starbucks (SBUX) put to generate more income. Current Stock Price: $87.04 Net Debit: $13.86 Action: Buy to close the SBUX Oct Week One (10/2) 83 Put for around $0.06 Sell to open the SBUX Oct Week Two (10/9) 85 Put for around $0.66 Set initial credit limit at $0.60…
Let’s book fast profits on our Advanced Micro Devices (AMD) and Peloton Interactive (PTON) positions. AMD Oct Week One (10/2) 77.50 Put Current Stock Price: $83.74 Cash in Hand: $0.57 Action: Buy to close the AMD Oct Week One (10/2) 77.50 Put Current Option Price: $0.05-$0.06 Recommended Limit: Set your initial limit order at $0.06,…
Let’s book fast profits on our Advanced Micro Devices (AMD) and Peloton Interactive (PTON) positions. AMD Oct Week One (10/2) 77.50 Put Current Stock Price: $83.74 Cash in Hand: $0.57 Action: Buy to close the AMD Oct Week One (10/2) 77.50 Put Current Option Price: $0.05-$0.06 Recommended Limit: Set your initial limit order at $0.06,…
Let’s close our Advanced Micro Devices (AMD) position. Our strategy of selling an in-the-money put paid off big time and we are booking a large profit. I am also recommending we sell a call on our uncovered Microsoft (MSFT) shares. This will lower our cost basis to the point that we will book a profit…
Editor’s note: Michael is hosting a Perpetual Income Portfolio Club Live Trading Session on Monday, Oct. 5, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. Our Applied…
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 Beyond Meat (BYND) and Square (SQ) positions. We spent a long time digging our way out of the underwater SQ position and are finally moving on with a profit. It’s a small one, but it’s much better than the huge loss we were facing. SQ throws off excellent premiums, so…
I am recommending we book profits on Apple (AAPL) after rolling the position last week to generate more income. Current Stock Price: $114.17 Cash in Hand: $3.45 Action: Buy to close the AAPL Oct Week One (10/2) 110 Put Current Option Price: $0.57-$0.58 Recommended Limit: Set your initial limit order at $0.58, but adjust as…
Editor’s note: We are moving the Perpetual Income Portfolio Club Live Trading Session to Monday, Oct. 5, at 11 a.m. Eastern. If you have not already done so, register here. Once you have registered, you will receive email reminders from our webinar provider, Zoom, prior to the session with a link to join. I am…
I am recommending we book profits on our D.R. Horton (DHI) and Chewy (CHWY) puts. Our Microsoft (MSFT) call is on track to expire worthless. We will watch it do so and sell another one soon. Finally, our Zoom Video Communications (ZM) bull put spread is on track to expire worthless, allowing us to book…
I am recommending a call to sell against our uncovered CVS Health (CVS) shares. Note that this position is only for people who already own shares from a previous trade. Peloton Interactive (PTON) is roaring back today after a sharp sell-off earlier this week. Let’s book a profit on this volatile stock now rather than…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the D.R. Horton (DHI) Sep Week Four (9/25) 71 Put for around $0.44. You can go as low as $0.34, but please don’t start there and always use limit orders. (Current stock price: $72.36) TRADE TWO: Sell to open…
I am recommending we roll our Apple (AAPL) bull put spread and Advanced Micro Devices (AMD) and Starbucks (SBUX) puts. AAPL Sep Week Four (9/25) 110/105 Put Spread Current Stock Price: $107.88 Cash in Hand: $1.23 Action: Buy to close the AAPL Sep Week Four (9/25) 110 Put for around $2.90 Sell to close the…
Let’s book fast profits on our First Solar (FSLR) and Peloton Interactive (PTON) positions. There’s no sense looking a gift horse in the mouth in a market as bumpy as this one. FSLR Sep Week Four (9/25) 60 Put Current Stock Price: $61.63 Cash in Hand: $0.63 Action: Buy to close the FSLR Sep Week…
I am recommending we roll our Apple (AAPL) and Corning (GLW) puts to avoid assignment and buy more time (actually, we get paid for it!) for shares to move higher. And let’s book fast profits on our Marvell Technology Group (MRVL) position. There’s no sense looking a gift horse in the mouth in a market…
Our Gilead Sciences (GILD) call expired worthless on Friday, so I am recommending another one today. The goal is to continue generating short-term cash while we await the longer-term catalyst of more clinical trial results for Gilead’s coronavirus treatment remdesivir. If you are not currently in a GILD position, you can enter one today. Just…
I am recommending we sell a call on our uncovered Microsoft (MSFT) shares to lower our cost basis. If you do not currently own MSFT shares from a previous position, please sit this trade out. Let’s also sell a put on Starbucks (SBUX) to chip away at our sizeable net debit on the position. You…
Peloton Interactive (POTN) is up almost 9% since we sold a put on the stock less than 24 hours ago. News that Amazon (AMZN) would be offering a so-called Prime Bike from Echelon Fitness for $500 that would compete with Peloton’s $1,900 bike caused a temporary dip in PTON shares yesterday. But today, Amazon came…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Peloton Interactive (PTON) Sep Week Four (9/25) 84 Put for around $0.46. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $93.07) 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…
Chewy (CHWY) has meandered since announcing earnings last week but premiums remain sky high. I believe the stock will continue to trade in a narrow range unless there is a major move in the market. I am recommending we roll the position out one week to generate more income. If you are not currently in…
We have two positions in Microsoft (MSFT) expiring today. We are rolling the bull put spread. And for those who sold the standalone put, I am recommending we accept shares and we will sell a call against them soon. Our Netflix (NFLX) and Roku (ROKU) spreads are on track to expire worthless. We will book…
Our expiring CVS Health (CVS) put is deep in the money, so I am recommending we accept shares and will sell a call next week. I am also recommending we roll our Intel (INTC) call to generate more income and our Micron Technology (MU) call to capture more potential appreciation. CVS Sep Monthly (9/18) 64…
Our lone open position for the Six-Figure Portfolio Coaching program is set to expire today. I am recommending we roll the 1Life Healthcare (ONEM) call out to an October monthly position. This is the last alert I will issue on the position. If you are called out on Oct. 16, it will be for a…
Our most recent S&P 500 (SPX) hedges — the SPX Sep Monthly (9/18) 2950 Put and the SPX Sep Monthly (9/18) 3050/3000 Bear Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one of…
I am recommending we roll our Lululemon Athletica (LULU) spread and Square (SQ) put position down. LULU Sep Monthly (9/18) 320/310 Put Spread Current Stock Price: $304.12 Net Debit: $1.85 Action: Buy to close the LULU Sep Monthly (9/18) 320 Put for around $16.35 Sell to close the LULU Sep Monthly (9/18) 310 Put for…
Trading has been very ragged, so I want to close our profitable positions in Bank of America (BAC) and D.R. Horton (DHI). BAC Sep Monthly (9/18) 25 Put Current Stock Price: $25.39 Cash in Hand: $0.39 Action: Buy to close the BAC Sep Monthly (9/18) 25 Put for around $0.09 Profit: $0.30, or $30 profit…
I did not hold an Income Masters Live Trading Session this week due to the Investor’s Blueprint Live event, so I am recommending two new positions now. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Sep Week Four (9/25) 80 Put for around $3.55. You can go as low as $3.25, but please…
I did not hold a Live Trading and Strategy Session this week due to the Investor’s Blueprint Live event, but that doesn’t mean we cannot trade. Today, I have two recommendations for you on familiar names — Corning (GLW) and Apple (AAPL). I was a fan of glassmaker Corning long before the coronavirus pandemic, but…
I am recommending we sell calls on our uncovered shares of Applied Materials (AMAT) and Gilead Sciences (GILD). AMAT bounced back this week after last week’s sell-off, putting in a potential bottom near $55. GILD announced the $21 billion purchase of biotech Immunomedics (IMMU). This will deepen its presence in the oncology market, as Immunomedics…
I am recommending we roll our Target (TGT) put today. The stock held up well in the recent market sell-off but has not been able to retake the $150 level. We are rolling out two weeks to generate more cash and give shares time to move higher. If you are not currently in the TGT…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Bank of America (BAC) Sep Monthly (9/18) 25 Put for around $0.39. You can go as low as $0.34, but please don’t start there and always use limit orders. (Current stock price: $25.40) TRADE TWO: Sell to open…
I am recommending we roll our CVS Health (CVS), Intel (INTC) and Micron Technology (MU) positions. If CVS remains below $60 for the next week or two, we will likely accept shares and sell calls. CVS Sep Week Two (9/11) 64 Put Current Stock Price: $59.31 Cash in Hand: $1.02 Action: Buy to close…
I am recommending we roll our Microsoft (MSFT) and Square (SQ) puts. MSFT Sep Week Two (9/11) 220 Put Note: No action is needed on the MSFT Sep Monthly (9/18) 200/195 Put Spread at this time. Current Stock Price: $210.71 Cash in Hand: $4.70 Action: Buy to close the MSFT Sep Week Two (9/11) 220…
I don’t trust this market. Let’s book profits on our Apple (AAPL), Advanced Micro Devices (AMD), Corning (GLW) and JPMorgan Chase (JPM) positions. AAPL Sep Monthly (9/18) 115 Put Current Stock Price: $117.10 Cash in Hand: $4.80 Action: Buy to close the AAPL Sep Monthly (9/18) 115 Put for around $3.28 Profit: $1.52, or $1.52…
I don’t trust this market, specifically highly valued tech outfits. With Apple (AAPL) up around 1% since we put on the position Tuesday, we have a great profit on the table. Let’s book it now. We may trade the stock again if another opportunity presents itself. Current Stock Price: $117.93 Cash in Hand: $4.40 Action:…
The market is rebounding after a few ugly days, providing us with a great opportunity to book profits on our Chewy (CHWY) and Corning (GLW) puts. In addition to the uncertainty in the broader market, CHWY is expected to report earnings tomorrow, making closing now a no-brainer. And while we just opened the GLW position…
Peloton Interactive (PTON) is expected to report earnings this week. Let’s play it safe and book profits on this volatile stock before the announcement. Current Stock Price: $90.15 Cash in Hand: $3.20 Action: Buy to close the PTON Sep Week Two (9/11) 65 Put for around $0.45 Profit: $2.75, or $275 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Apple (AAPL) Sep Monthly (9/18) 115 Put for around $4.80. You can go as low as $4.25, but please don’t start there and always use limit orders. (Current stock price: $116.29) TRADE TWO: Sell to open the Advanced…
Download Presentation Slides View the full Trade Alert here.
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy 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…
We have a chance to roll our S&P 500 (SPX) put for some serious profits following this week’s sell-off. Note that no action is needed on the SPX Sep Monthly (9/18) 3050/3000 Put Spread at this time. If you are not currently in a hedge, you can enter one now by buying the lower strike…
Today, we are rolling all of our Perpetual Income Portfolio Club positions out to the Sept. 11 and Sept. 18 expirations. While I will be monitoring our positions, I will not be sending any alerts or updates until after the Labor Day holiday. Applied Materials’ (AMAT) advance has stalled along with the rest of the…
Editor’s note: This is a reminder that there will be no Market Update or Live Trading Session next week. We will resume after the Labor Day holiday. Michael will be monitoring open positions and send alerts if needed. We have positions in Bank of America (BAC) and Blackstone Group (BX) expiring today. Our BAC shares…
Editor’s note: This is a reminder that there will be no Market Update or Live Trading Sessions next week. We will resume after the Labor Day holiday. Michael will be monitoring open positions and send alerts if needed. I am recommending we roll our Starbucks (SBUX) and Square (SQ) positions as we continue to work…
I am recommending we roll our CVS Health (CVS) put to a lower strike to avoid assignment and collect more cash. Let’s also roll our Intel (INTC) call to generate more income and lower out cost basis on the position. CVS Aug Week Four (8/28) 64.50 Put Current Stock Price: 63.21 Cash in Hand: $0.64…
Our most recent S&P 500 (SPX) hedges — the SPX Aug Week Four (8/28) 3000 Put and the SPX Aug Week Four (8/28) 3000/2950 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions. We will continue to track them as ongoing positions, but you can initiate one…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Peloton Interactive (PTON) Sep Week Two (9/11) 65 Put for around $3.20. You can go as low as $2.80, but please don’t start there and always use limit orders. (Current stock price: $70.36) TRADE TWO: Sell to open…
With Micron Technology (MU) moving higher over the past few trading days, I have been waiting for a pause before recommending a call to sell on our uncovered shares. We got that pause today. Current Stock Price: $44.19 Cost Basis: $53.16 Action: Sell to open the MU Sep Week Two (9/11) 47 Call Current Option…
Let’s book profits on our Advanced Micro Devices (AMD) and PayPal (PYPL) positions. There is simply too much cash on the table after just one day to keep them open. I also want to ladder up our Square (SQ) put to generate more income. AMD Aug Week Four (8/28) 81 Put Current Stock Price: $85.52…
I am recommending we book profits on our Corning (GLW) and First Solar (FSLR) puts. With both positions, there is simply too much cash on the table to keep them open. FSLR Aug Week Four (8/28) 74 Put Current Stock Price: $77.22 Cash in Hand: $0.54 Action: Buy to close the FSLR Aug Week Four…
Below are this week’s Perpetual Income Portfolio Club trades. I am recommending calls to sell on our uncovered Applied Materials (AMAT) and Gilead Sciences (GILD) shares. If you are not currently in an AMAT and/or GILD position, you can enter one today. Just be aware that you will need to buy 100 shares of the…
We have net debits on Lululemon Athletica (LULU) and Roku (ROKU) 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. If…
Download Presentation Slides View the full Trade Alert here.
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy 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 are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week Four (8/28) 81 Put for around $0.81. You can go as low as $0.73, but please don’t start there and always use limit orders. (Current stock price: $82.77) TRADE TWO: Sell to…
We have an opportunity to close our JPMorgan Chase (JPM) and Microsoft (MSFT) positions for excellent profits. With our JPM put, we will earn 1.1% in seven days, or 57% annualized. And by closing our MSFT spread early, we will earn an absolute return of 11.9% in one week. JPM Aug Week Four (8/28) 97.50…
With Chewy (CHWY) trading well above the strike price of our call, I am once again recommending we roll to a higher strike to capture more appreciation. Note that the spreads between the bid and the ask on CHWY’s options are wide, so work your limits as needed. If you are not currently in a…
Our Apple (AAPL), Dollar General (DG), Lululemon Athletica (LULU) and Roku (ROKU) puts are on track to expire worthless. We will book a max win on the DG spread and a small profit on AAPL after successfully rolling the position. We may trade both names in the future, although we will wait on AAPL until…
Chewy (CHWY) is trading lower today, so we’re going to play it safe and close the position rather than sweat it out through expiration. This is our fifth successful trade in a row on the online pet supply retailer this year, and I plan to continue trading the stock for the foreseeable future. Current Stock…
I am recommending we roll our Bank of America (BAC) and Intel (INTC) calls, as well as our Corning (GLW) put. Micron Technology (MU) has been falling since the company lowered its guidance for its fiscal fourth-quarter results last week, with management warning that the demand outlook for memory chips is worsening. With the stock…
I am recommending we roll our JPMorgan Chase (JPM) and Starbucks (SBUX) positions. JPM Aug Monthly (8/21) 97.50 Put Current Stock Price: $97.49 Cash in Hand: $0.77 Action: Buy to close the JPM Aug Monthly (8/21) 97.50 Put for around $0.68 Sell to open the JPM Aug Week Four (8/28) 97.50 Put for around $1.71…
I am recommending we sell another put on Square (SQ) to continue to reduce our net debit on the position. You can make this trade even if you were not in the previous position. Just be aware that we will be managing and tracking it as an ongoing position. Current Stock Price: $150.01 Net Debit:…
I am recommending we roll our 1Life Healthcare (ONEM) call out to September. The question is whether to target a small loss or to try to make a profit on the position. I am inclined to go the latter route and sell an out-of-the-money call that will generate a profit if our shares are called…
Since our next Live Trading Session is not until Tuesday, Aug. 25, I am putting on two new positions via alert. TRADE ONE: Sell to open the JPMorgan Chase (JPM) Aug Monthly (8/21) 97.50 Put for around $0.77. You can go as low as $0.68, but please don’t start there and always use limit orders.…
Download Presentation Slides View the full Trade Alert here.
