Our Microsoft (MSFT) bull put spread is well out of the money and on track to expire worthless. However, we’re going to play it safe and spend a penny to close the top leg. We were deep underwater on the positions at one point. But by using an active rolling strategy, we are managing to…
Our Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) protective puts are on track to expire worthless. We will simply watch them do so. AMD Jun Week Four (6/24) 75 Put Note: No action is needed on the AMD Jul Week One (7/1) 88 Call at this time. Current Stock…
Moderna (MRNA) has run up over the past week and our protective put is on track to expire worthless. We continue to track the ongoing net debit we have in MRNA in the Income Masters program as well. Note: No action is needed on the MRNA Jul Week One (7/1) 125 Put at this time.…
Our Nike (NKE) put is deep in the money, and I am recommending we accept shares. The math of selling calls makes more sense and should get us back to breakeven faster. The company is scheduled to report earnings on Monday after the close. We will likely put a protective in place ahead of the…
Let’s keep the cash rolling in by booking fast profits on our Blackstone (BX), NVIDIA (NVDA) and Zoom Video Communications (ZM) bull put spreads. BX Jul Monthly (7/15) 70/65 Put Spread Current Stock Price: $97.52 Cash in Hand: $0.36 Action: Buy to close the BX Jul Monthly (7/15) 70 Put for around $0.20 Sell to…
Our Best Buy (BBY), First Solar (FSLR), Micron Technology (MU), The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) protective puts are on track to expire worthless. We will simply watch them do so. BBY Jun Week Four (6/24) 64 Put Note: No action is needed on the BBY Jul Week One (7/1) 72.50…
Let’s book profits on our SPDR S&P Regional Banking ETF (KRE) and Roku (ROKU) puts. KRE Jul Week One (7/1) 55 Put Current Stock Price: $59.13 Cash in Hand: $0.42 Action: Buy to close the KRE Jul Week One (7/1) 55 Put for around $0.17, but adjust as needed to close today Profit: $0.25, or…
Teladoc Health (TDOC) continues to run up. I am once again recommending we roll our put to a higher strike while keeping the expiration date the same. This will flip our net debit to cash in hand. You can enter today’s trade even if you were not in the previous one by selling the second…
Delta Air Lines (DAL) is up 5% this morning. Let’s book profits now, freeing up capital for new trades. Current Stock Price: $31.12 Cash in Hand: $0.43 Action: Buy to close the DAL Jul Week One (7/1) 28 Put Current Option Price: $0.15-$0.18 Recommended Limit: Set your initial limit order at $0.17, but adjust as…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open SPDR S&P Regional Banking ETF (KRE) Jul Week One (7/1) 55 Put for around $0.42. You can go as low as $0.38, but please don’t start there and always use limit orders. (Current stock price: $57.36) TRADE TWO*: Sell…
Mosaic Company (MOS) continues to sell off this week and our protective put is in the money. I am recommending we roll it out one week and to a lower strike. This will allow us to pocket some income, reducing our cost basis on the position, while keeping our hedge in place. Note: No action…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) call out two weeks and to a higher strike price. This will allow us to generate more income and reduce our cost basis on the position, as well as capture more potential appreciation. Our protective put remains in place for another day. Note: No…
I am recommending a call to sell against our long AAPL Jun 2023 (6/16/23) 100 Call to reduce our cost basis on the position. Current Stock Price: $136.97 Cost Basis: $44.78 Action: Sell to open the AAPL Jul Week Two (7/8) 140 Call for around $2.40, but adjust as needed to sell a call today…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) calls out two weeks and to lower strikes to generate more income and reduce our cost basis on the positions. GM Jun Week Four (6/24) 34 Call Current Stock Price: $33.02 Cost Basis: $47.12 Action: Buy to close the GM Jun Week…
I am recommending calls to sell against our uncovered Mosaic Company (MOS), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) shares. The income we generate will reduce our cost basis on the positions. And our protective puts remain in place to protect against sharp moves down in the stocks. Note that these trades are…
Best Buy (BBY) has been hammered this year along with other discretionary retailers, hit by fears of recession and supply chain issues. But the company has an extensive track record of riding out softness in the economy. First Solar (FSLR) is one of my two favorite solar stocks. Sunrun (RUN) is the other. Real-world fundamentals,…
We accepted shares in a number of positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers. The goal will…
We accepted shares in a number of positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers. The goal will…
We accepted shares in a number of positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers. The goal will…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
I am recommending we roll our Teladoc Health (TDOC) put to a higher strike while keeping the expiration date the same to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one by selling the second leg. Just be aware that we will be…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
I am recommending a put to sell on ZIM Integrated Shipping Services (ZIM) to reduce our cost basis on the position. However, you can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. Current Stock Price:…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Valero (VLO) Jul Week One (7/1) 105 Put for around $1.17. You can go as low as $1, but please don’t start there and always use limit orders. (Current stock price: $115) TRADE TWO*: Sell to open the Zoom…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
We are on track to be assigned shares of Walt Disney (DIS) and our protective put is on track to expire worthless. As you’ve seen me say in other alerts today, the math of selling calls simply makes more sense in the current market environment than continuing to roll the put. Not only will we…
Our Advanced Micro Devices (AMD) and Pfizer (PFE) puts are deep underwater. I am recommending we accept shares, as the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when…
Our short Apple (AAPL), Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless today. I will recommend new calls soon to reduce our cost basis on the positions, and we are leaving our protective puts in place on all but Apple. AAPL Jun 2023 (6/16/23)…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. Our First Solar (FSLR), Mosaic Company (MOS) and Micron Technology (MU) are deep underwater. I am recommending we accept shares, as the math of…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
I am recommending we roll our Moderna (MRNA) put out two weeks to generate more income while leaving our protective put in place. The spreads are wide, so work your orders. We continue to track the ongoing net debit we have in MRNA in the Income Masters program as well. Note: No action is needed…
I am recommending we roll our Roku (ROKU) and The Trade Desk (TTD) puts out two weeks and to lower strikes. ROKU has been holding up better than some other volatile stocks recently and is bucking the broader market decline today due to the announcement of an exclusive e-commerce deal with Walmart (WMT). We can…
I am recommending we roll our Citigroup (C) put out two weeks to buy some time and generate a little income that will reduce our net debit on the position. Current Share Price: $46.26 Net Debit: $15.14 Action: Buy to close the C Jun Monthly (6/17) 50 Put for around $3.75 Sell to open the…
Our Expedia (EXPE) bull put spread is deep in the money. Let’s roll it now to avoid assignment. We will be lowering the strikes significantly. Current Stock Price: $98.61 Net Debit: $1.28 Action: Buy to close the EXPE Jun Monthly (6/17) 115 Put for around $16.85 Sell to close the EXPE Jun Monthly (6/17) 110…
The protective put I recommended on First Solar (FSLR) is below the price we paid for it following the market’s pop and drop. I want to keep our hedge in place. Therefore, I am recommending you roll the purchased put out one week and to a lower strike for a debit. Doing so could pay…
We have a nice profit on our Micron Technology (MU) protective put. However, I want to keep a hedge in place. Therefore, I am recommending we roll it out one week and to a lower strike. The profit we do pocket will reduce your net debit or cost basis on the position depending on whether…
We closed our Teladoc Health (TDOC) put ahead of the Federal Reserve meeting, which turned out to be the right move. I am recommending a new put to sell today. The income we generate will reduce our net debit on the position. However, you can enter today’s trade even if you were not in the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) Jul Week One (7/1) 55 Put for around $0.77. You can go as low as $0.69, but please don’t start there and always use limit orders. (Current stock price: $64.01) TRADE TWO*: Sell to open the…
I am recommending we roll our protective puts on Mosaic Company (MOS) and The Trade Desk (TTD) out one week and to lower strikes to keep our hedges on these volatile stocks in place. MOS Jun Monthly (6/17) 52 Put Note: No action is needed on the MOS Jun Monthly (6/17) 59 Put at this…
I am recommending we roll our protective puts on Best Buy (BBY), VanEck Vectors Semiconductor ETF (SMH), Target (TGT) and SPDR S&P Biotech ETF (XBI) out one week and to lower strikes to keep our hedges in place. BBY Jun Monthly (6/17) 67.50 Put Note: No action is needed on the BBY Jun Monthly (6/17)…
We have a modest profit on our Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) protective puts. I am recommending we roll them out one week and to lower strikes. This will allow us to pocket some cash while keeping our hedge in place, which could pay off handsomely if…
The protective put I recommended on Moderna (MRNA) is below the price we paid for it following the market’s pop and drop. I want to continue to keep our hedge in place. Therefore, I am recommending you roll the purchased put out one week and to a lower strike for a small debit. Doing so…
I said in yesterday’s Income Masters Live Trading Session that I would be putting on a S&P 500 (SPX) hedge ahead of today’s Federal Reserve announcement. But I have decided against it due to the high cost. Instead, I have chosen to hedge most of our individual positions. Given that we tend to trade high-beta…
Given the possibility of a sell-off following the conclusion of the Federal Reserve meeting this afternoon, I am recommending we buy protective puts on Walt Disney (DIS) and Kroger Co. (KR). Note that these puts are being purchased as hedges. Ideally, the market will go up and they will expire worthless. However, in the event…
Given the possibility of a sell-off following the conclusion of the Federal Reserve meeting this afternoon, I am recommending we buy protective puts on Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA). Note that these puts are being purchased as hedges. Ideally, the market will go up and they will…
If you are in the Micron Technology (MU) put or covered call position, I am recommending you buy a protective put to hedge against a possible market sell-off following today’s Federal Reserve announcement. Note that this put is being purchased as a hedge. Ideally, the market will go up and it will expire worthless.…
I want to continue hedging some of our positions with protective puts. This time I am recommending buying puts on our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI), as well as our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread. Note that these puts are being purchased as hedges. Ideally, the market will…
Given the high likelihood of a sell-off following the conclusion of the Federal Reserve meeting tomorrow, I am recommending we buy a protective put on Moderna (MRNA), effectively turning the position into a spread. Note that this put is being purchased as a hedge. Ideally, the market will go up and it will expire worthless.…
Given the high likelihood of a sell-off following the conclusion of the Federal Reserve meeting tomorrow, I am recommending we buy protective puts on some of our most volatile names. This will effectively turn the First Solar (FSLR), Mosaic Company (MOS), Roku (ROKU) and The Trade Desk (TTD) positions into spreads. Note that these puts…
Teladoc Health (TDOC) is running up today. I am recommending we close our put now rather than risk holding this volatile stock through this week’s Federal Reserve meeting. We will carry over a net debit and I will recommend another put to sell soon. Current Stock Price: $29.18 Cash in Hand: $0.42 Action: Buy to…
Note that there were no trades in today’s session. Please look for new trades via alert following this week’s Federal Reserve meeting. Download Presentation Slides
I am recommending we close our ZIM Integrated Shipping Services (ZIM) put now rather than risk holding through this week’s Federal Reserve meeting. We will carry over a net debit and I will recommend another put to sell soon. Current Stock Price: $50.90 Cash in Hand: $1.05 Action: Buy to close the ZIM Jun Monthly…
Download Slides Note that there were no trades in today’s session. Please look for new trades via alert following this week’s Federal Reserve meeting.
I am recommending we once more roll the protective put of our Apple (AAPL) LEAP call spread down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on the AAPL Jun 2023 (6/16/23) 100/Jun Monthly (6/17) 150…
The sharp market sell-off has caused the protective put on our Apple (AAPL) LEAP call spread to spike in price. I am recommending we roll it down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on…
Roku (ROKU) is down nearly 10% since we entered the trade, and our silly put is now in the money. I am recommending we roll out one week and to a lower strike to buy time, reduce our risk and generate some more income. Current Stock Price: $86.62 Cash in Hand: $0.54 Action: Buy to…
CVS Health (CVS) has struggled since we put on our trade two weeks ago. I am recommending we exit the position now with a small loss rather than roll, freeing up capital for new trades. Current Stock Price: $94.31 Cash in Hand: $0.92 Action: Buy to close the CVS Jun Week Two (6/10) 95 Put…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jun Week Two (6/10) 89 Put for around $0.54. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $95.78) TRADE TWO: Sell to open ZIM Integrated…
Our Microsoft (MSFT) bull put spread is well out of the money. Since we have a net debit on the position, I am recommending we close the current spread for a few cents and open a new spread. We are going a bit wider with this one – from 5 points to 7.5 points –…
I am recommending a new put to sell on Nike (NKE) to reduce our net debit on the position. We are deep underwater, but Nike is fundamentally sound. The company is scheduled to announce earnings on June 27. Depending on the report and how the market reacts, we will either continue to sell puts or…
Sonos (SONO) is up 2.5% since we entered our trade and the put premium has fallen sharply. Let’s book fast profits with a triple-digit annualized rate of return and free up capital for new trades. Current Stock Price: $22.50 Cash in Hand: $0.29 Action: Buy to close the SONO Jun Monthly (6/17) 20 Put Current…
I am recommending we roll our Advanced Micro Devices (AMD) put out one week to generate more income and reduce our net debit on the position. Current Stock Price: $102.02 Net Debit: $19.40 Action: Buy to close the AMD Jun Week Two (6/10) 100 Put for around $1.61 Sell to open the AMD Jun Monthly…
I am recommending we roll our Pfizer (PFE) put out one week to generate more income and reduce our net debit on the position. Current Stock Price: $53.60 Net Debit: $2.20 Action: Buy to close the PFE Jun Week Two (6/10) 52 Put for around $0.09 Sell to open the PFE Jun Monthly (6/17) 53…
I am recommending we roll our Walt Disney (DIS) put out one week to buy ourselves some time and generate more income. Current Stock Price: $107.28 Net Debit: $14.20 Action: Buy to close the DIS Jun Week Two (6/10) 107 Put for around $1.10 Sell to open the DIS Jun Monthly (6/17) 107 Put for…
Apple (AAPL) has found short-term support above $140. I am recommending a LEAP call spread with a protective put. The primary goal of this trade is to capture appreciation, while generating cash is secondary. And the purchased put will be used to protect us against a downturn in the stock. If you enter this position,…
I want to close our Goldman Sachs (GS) bull put spread around breakeven rather than risk holding through the upcoming Federal Reserve meeting. Current Stock Price: $314.77 Cash in Hand: $0.14 Action: Buy to close the GS Jun Monthly (6/17) 275 Put for around $0.39 Sell to close the GS Jun Monthly (6/17) 270 Put…
I am recommending we roll our Best Buy (BBY), Micron Technology (MU), VanEck Vectors Semiconductor ETF (SMH) and SPDR S&P Biotech ETF (XBI) calls that expire this week. BBY Jun Week Two (6/10) 81 Call Current Stock Price: $77.97 Cost Basis: $95.72 Action: Buy to close the BBY Jun Week Two (6/10) 81 Call for…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Micron Technology (MU) and The Trade Desk (TTD) puts. FSLR Jun Week Two (6/10) 70 Put Current Stock Price: $71.61 Net Debit: $13.68 Action: Buy to close the FSLR Jun Week Two (6/10) 70 Put for around $0.53 Sell to open the FSLR…
I am recommending we book profits on our Williams-Sonoma (WSM) bull put spread, earning a 2.6% return on our capital. Current Stock Price: $128.69 Cash in Hand: $0.42 Action: Buy to close the WSM Jun Monthly (6/17) 105 Put for around $0.28 Sell to close the WSM Jun Monthly (6/17) 95 Put for around $0.12…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts out one week and to higher strike prices to generate more income and reduce our net debits on the positions. Note that these trades are only for members already in the positions. GM Jun Week Two (6/10) 37 Put Current Stock…
I am recommending a new Expedia (EXPE) bull put spread to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to spread trading,…
I am recommending we roll our Moderna (MRNA) put out one week to generate more cash and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on…
Let’s keep the profits rolling in with another fast closeout, this time on our Gilead Sciences (GILD) put. Current Stock Price: $62.52 Cash in Hand: $0.63 Action: Buy to close the GILD Jun Monthly (6/17) 60 Put for around $0.31, but adjust as needed to close today Profit: $0.32, or $32 per contract
As I said last week, the plan is to lock in profits wherever we can ahead of next week’s Federal Reserve meeting. With that in mind, let’s close our Roku (ROKU) put now. Current Stock Price: $100.56 Cash in Hand: $1.47 Action: Buy to close the ROKU Jun Monthly (6/17) 80 Put for around $0.76,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jun Monthly (6/17) 80 Put for around $1.47. You can go as low as $1.30, but please don’t start there and always use limit orders. (Current stock price: $91.97) TRADE TWO: Sell to open Gilead Sciences (GILD)…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
Let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $77.67 Cash in Hand: $0.67 Action: Buy to close the DVN Jun Week Two (6/10) 71 Put for around $0.19, but adjust as needed to close today Profit: $0.48, or $48 per contract
As I discussed in this week’s Options Income Weekly LIVE, booking profits is never a mistake, especially if you’ve hit your target rate of return. With that in mind, let’s close our ZIM Integrated Shipping Services (ZIM) put. Current Stock Price: $68.31 Cash in Hand: $0.55 Action: Buy to close the ZIM Jun Week Two…
Oil prices continue to rise despite news that OPEC will increase output. I am recommending a put to sell on Devon Energy (DVN) — a U.S. fracker we traded successfully last month – that is roughly 7% out of the money. I hope to roll the put up to a higher strike price for the…
Our Expedia (EXPE) spread is on track to expire worthless. I will recommend a new spread soon to reduce our net debit on the position. Our Nike (NKE) call is deep in the money after shares rebounded sharply over the past week and a half. Rather than attempt to chase the stock higher by rolling…
We have traded ZIM Integrated Shipping Services (ZIM) very successfully in the past. The volatile stock sports sky-high premiums, and we can capture an excellent potential return by selling a put that is around 8% out of the money. Current Stock Price: $66.38 Action: Sell to open the ZIM Jun Week Two (6/10) 61 Put…
I don’t trust this rally and want to lock in profits wherever we can ahead of this month’s Federal Reserve meeting. Therefore, I am recommending we close our Starbucks (SBUX) put now. While we are giving back more cash than usual to close, we will exceed our annualized rate of return goal of 26%. Current…
I don’t trust this rally and want to lock in profits wherever we can ahead of this month’s Federal Reserve meeting. Therefore, I am recommending we close our Capri Holdings (CPRI) and Roku (ROKU) puts now. While we are giving back more cash than usual to close, both trades will exceed our 26% annualized rate…
United Airlines (UAL) fell shortly after we entered the trade this week, and I don’t trust the current market rally. Therefore, I am recommending we close our put with a small profit rather than roll out a week. Current Stock Price: $45.87 Cash in Hand: $0.35 Action: Buy to close the UAL Jun Week One…
Salesforce (CRM) is up more than 6% today thanks to the tech rally. Let’s book profits on our spread now, earnings a 4.8% absolute return. I also want to close out our SPDR S&P Regional Banking ETF (KRE) put. While we will only be booking a small profit, our patience paid off and we avoided…
First Solar (FSLR) is rallying today. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing and…
I am recommending we roll our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce our cost basis on the positions. BBY Jun Week One (6/3) 80 Call Current Stock Price: $80.02 Cost Basis: $96.36 Action: Buy to close the BBY Jun Week One (6/3)…
Lyft (LYFT) continues to bounce around but premiums remain high. I am recommending we roll our put out two weeks to avoid assignment and reduce our net debit on the position. Charles Schwab (SCHW) has run up over the past week and our call is in the money. Rather than allow our shares to be…
I am recommending we roll our General Motors (GM) and Pfizer (PFE) puts to generate more income and reduce our net debits on the positions. GM has run up over the past week, so we are going to capture more premium by rolling to a higher strike. You can enter the second leg of today’s…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out two weeks to generate more income and reduce our net debits on the positions. Note that these rolls will take us out past the June Federal Reserve meeting, which could lead to volatility in the financial services sector. You can…
I am recommending we roll our Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls out two weeks to generate income and reduce our cost basis on the positions. TSM Jun Week One (6/3) 92.50 Call Current Stock Price: $94.43 Cost Basis: $124.73 Action: Buy to close the TSM Jun Week One (6/3) 92.50…
I am recommending we roll our Advanced Micro Devices (AMD) and Pfizer (PFE) puts out one week to generate more income and reduce our net debits on the positions. AMD Jun Week One (6/3) 102 Put Current Stock Price: $100.66 Net Debit: $20.34 Action: Buy to close the AMD Jun Week One (6/3) 102 Put…
I am recommending we roll our SPDR S&P Regional Banking ETF (KRE) put to a higher strike while keeping the expiration date the same. This will turn our net debit into cash in hand. Current Stock Price: $62.92 Net Debit: $0.14 Action: Buy to close the KRE Jun Week One (6/3) 60 Put for around…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Capri Holdings (CPRI) Jun Week Two (6/10) 45 Put for around $0.57. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $49.01) TRADE TWO*: Sell to open the…
I am recommending a new Microsoft (MSFT) bull put spread to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to spread trading,…
Walt Disney (DIS) has run up over the past week. I am recommending we roll our put out one week and to a higher strike to generate more income and reduce our net debit on the position. I am also recommending we roll our Kroger Co. (KR) call out two weeks to generate income and…
Our Moderna (MRNA) put is well out of the money. Let’s roll it out one week and to a higher strike to generate more cash and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that…
Micron Technology (MU) has run up over the past week. For those in the put position, I am recommending we roll out one week and to a higher strike. The income we generate will turn our net debit into cash in hand. And for those in the covered call position, I am recommending we roll…
Let’s book profits on our NVIDIA (NVDA) bull put spread. The premium has dropped to around a dime with a week and a half to expiration, and we can earn a more than 6% return by closing now. Current Stock Price: $186.90 Cash in Hand: $0.44 Action: Buy to close the NVDA Jun Week Two…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Jun Week Two (6/10) 80 Put for around $0.83. You can go as low as $0.75, but please don’t start there and always use limit orders. (Current stock price: $97.04) TRADE TWO*: Sell to open the Williams-Sonoma…
We temporarily exited our Marvell Technology (MRVL) position last week to avoid earnings risk. Shares ran up after the company delivered revenue, earnings and a forecast that were slightly ahead of expectations. I am recommending a put to sell to reduce our net debit on the position. You can enter today’s trade even if you…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
We have positions in Best Buy (BBY), Micron Technology (MU) and Target (TGT) expiring today. Our BBY protective put is on track to expire worthless. Since this was a hedge against a covered call position, this was the desired outcome. Plus, the call we sold covered the cost of the hedge. I am recommending…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Jun Week Two (6/10) 95 Put for around $0.92. You can go as low as $0.85, but please don’t start there and always use limit orders. (Current stock price: $98.37) TRADE TWO*: Sell to open the…
Our Advanced Micro Devices (AMD) put is deep in the money, but given the terrific premiums, I am recommending we roll our put out one week. The income we generate will help reduce the sizeable net debit we have on the position. I am also recommending we roll our Taiwan Semiconductor Manufacturing (TSM) and Walgreens…
Let’s keep the profits rolling in by closing our Apple (AAPL) spread. Current Stock Price: $141.64 Cash in Hand: $0.30 Action: Buy to close the AAPL May Week Four (5/27) 130 Put for around $0.05 Sell to close the AAPL May Week Four (5/27) 125 Put for around $0.01 Set initial debit limit at $0.04,…
Our Roku (ROKU) bull put spread is trading well out of the money, but this is not the kind of market where you want to take anything for granted. Let’s book an excellent short-term profit and free up capital for new trades. Current Stock Price: $86.77 Cash in Hand: $0.31 Action: Buy to close the…
Our Microsoft (MSFT) bull put spread is trading well out of the money, but this is not the kind of market where you want to take anything for granted. Therefore, I am recommending we buy back the top leg of the spread for a few cents and leave the bottom leg in place to (very…
Dick’s Sporting Goods (DKS) and Devon Energy (DVN) are running up today. Let’s book fast profits on our puts. DKS May Week Four (5/27) 69 Put Current Stock Price: $81.13 Cash in Hand: $0.55 Action: Buy to close the DKS May Week Four (5/27) 69 Put for around $0.08, but adjust as needed to close…
I am recommending we roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread out two weeks to generate more income and reduce our cost basis on the position. Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $225.79 Current Cost…
I am recommending we spend a little cash to roll our General Motors (GM) put out one week and to a lower strike price to reduce our risk and buy time for the stock to move higher. Note that this trade is only for members already in the position. Current Stock Price: $35.62 Net Debit:…
I am recommending we roll our Mosaic Company (MOS) and The Trade Desk (TTD) puts out two weeks to generate more income and buy ourselves some time for shares to recover. TTD got whacked yesterday thanks to a weak forecast from Snap (SNAP), but shares are rebounding today. MOS May Week Four (5/27) 60 Put…
I am recommending we roll our Walt Disney (DIS) put out one week and to a lower strike price to reduce our risk and buy time for the stock to move higher. Current Stock Price: $102.03 Net Debit: $15.73 Action: Buy to close the DIS May Week Four (5/27) 103 Put for around $1.90 Sell…
I am recommending we roll our Pfizer (PFE) put out one week and to a higher strike to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will be managing…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Dick’s Sporting Goods (DKS) May Week Four (5/27) 69 Put for around $0.55. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $79.25) TRADE TWO: Sell to open…
I am recommending we roll our Micron Technology (MU), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls out one week and to lower strikes to generate more income and reduce our cost basis on the positions. MU May Week Four (5/27) 71 Call Note: No action is needed on our MU May Week Four…
Let’s book fast profits on our JPMorgan Chase (JPM) put and free up capital for new trades. Current Stock Price: $126.04 Cash in Hand: $0.74 Action: Buy to close the JPM May Week Four (5/27) 121 Put for around $0.27, but adjust as needed to close today Profit: $0.47, or $47 per contract
Let’s book fast profits on our Delta Air Lines (DAL) and Western Digital (WDC) puts. DAL May Week Four (5/27) 35 Put Current Stock Price: $38.42 Cash in Hand: $0.29 Action: Buy to close the DAL May Week Four (5/27) 35 Put Current Option Price: $0.08-$0.09 Recommended Limit: Set your initial limit order at $0.09,…
I am recommending we roll our Moderna (MRNA) put out one week and to a lower strike price to reduce our risk and generate cash, which will lower our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware…
Valero (VLO) is up around 3.5% today. Let’s book profits on our put. Current Stock Price: $128.63 Cash in Hand: $1.16 Action: Buy to close the VLO May Week Four (5/27) 120 Put for around $0.28, but adjust as needed to close today Profit: $0.88, or $88 per contract
I am recommending we roll our Citigroup (C) and Pfizer (PFE) puts out one week and to higher strikes to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open JPMorgan Chase (JPM) May Week Four (5/27) 121 Put for around $0.74. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $124.99) TRADE TWO*: Sell to open the…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
I am recommending a new bull put spread on Goldman Sachs (GS) to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to…
Best Buy (BBY) is scheduled to announce earnings tomorrow. Rather than exit our shares, I am recommending we sell a call to generate income and then use that income to buy a protective put to hedge our downside risk. Note that this trade is only for members who already own shares of BBY from a…
I am recommending puts to sell on SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU). The income we generate will reduce our net debits on the positions. You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be tracking and managing them based…
Kroger Co. (KR) is rallying today along with the broader market. Our call expired worthless last week, so I am recommending a new call to sell against the stock to reduce our cost basis on the position. Note that this trade is only for members who already own shares of KR uncovered from a previous…
Marvell Technology (MRVL) is scheduled to report earnings on Thursday, and I do not want to risk holding a position through the announcement. Let’s sell our shares, incurring a net debit. I will recommend a put to sell once the earnings dust settles to reduce that net debit. I am also recommending a call to…
Let’s keep the profits rolling in by closing our Blackstone (BX) put and freeing up capital for new trades. Current Stock Price: $106.67 Cash in Hand: $0.53 Action: Buy to close the BX May Week Four (5/27) 90 Put for around $0.14, but adjust a needed to close today Profit: $0.39, or $39 per contract
Let’s keep the profits rolling in by closing our CVS Health (CVS) put and freeing up capital for new trades. Current Stock Price: $95.64 Cash in Hand: $0.82 Action: Buy to close the CVS May Week Four (5/27) 90 Put for around $0.25, but adjust a needed to close today Profit: $0.57, or $57 per…
Applied Materials (AMAT) is rebounding this morning following its post-earnings sell-off. Let’s use this opportunity to book fast profits on our put position. Current Stock Price: $109.03 Cash in Hand: $0.70 Action: Buy to close the AMAT May Week Four (5/27) 97 Put for around $0.30, but adjust a needed to close today Profit: $0.40,…
ZIM Integrated Shipping Services (ZIM) is up around 5% today. Let’s use this opportunity to book fast profits on our put position. Current Stock Price: $68.16 Cash in Hand: $0.65 Action: Buy to close the ZIM May Week Four (5/27) 55 Put Current Option Price: $0.15-$0.25 Recommended Limit: Set your initial limit order at $0.20,…
Sunrun (RUN) has taken a major hit but looks to have found a bottom in the $20 to $22 range. I am recommending we stick with our put position by rolling it out one month. I expect shares to move higher, in which case we will roll our put up to a higher strike to…
Applied Materials (AMAT) reported earnings after the bell on Thursday. They came in below expectations, as did the company’s revenue forecast for the current quarter, with management citing supply chain issues. I view this as a short-term problem. Longer-term, AMAT is the leading supplier of chip-making equipment. “We have the orders booked, a full build…
We have calls on Marvell Technology (MRVL) and Charles Schwab (SCHW) expiring today. If MRVL closes above $55, our shares will be called away. If, however, it closes below that level, our call will expire worthless. The semiconductor maker is expected to announce earnings next week. So, if our call expires worthless, we will sell…
I am recommending we close our United Airlines (UAL) put. While we will be giving back a good deal of cash, I’d rather play it safe than sorry. We will return to the airline sector in the coming weeks with a new trade. Current Stock Price: $44.53 Cash in Hand: $0.42 Action: Buy to close…
Kroger (KR) has sold off sharply since hitting an all-time high in early March after the company posted better-than-expected fourth-quarter results and offered solid guidance despite supply chain issues and rising prices. Rampant inflation and economic uncertainty are weighing on retailers. Just look at the latest earnings reports from Target (TGT) and Walmart (WMT), which…
Retailers are struggling right now, and that includes Best Buy (BBY). However, outside of macroeconomic factors, there is nothing fundamentally wrong with the company. Best Buy is expected to announce earnings on May 24. If something changes with the fundamental story, we will reconsider our position. But, for now, we’re sticking with it. Our BBY…
Our Goldman Sachs (GS) bull put spread is on track to expire worthless. We will simply watch it do so. The top legs of our SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) spreads are too close to the money for comfort in this kind of market. Let’s spend a few cents to…
Our Roku (ROKU) put is well out of the money, but I want to play it safe and book profits. This is not the kind of market where it pays to hold on for a few more pennies of premium. Current Stock Price: $98.20 Cash in Hand: $0.78 Action: Buy to close the ROKU May…
Expedia (EXPE) is rallying today after selling off earlier in the week. However, the stock price remains between the strike prices of our bull put spread. Therefore, I am recommending we close the current position and open a new spread with lower strike prices that expires on June 3. Note that this trade is only…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Blackstone (BX) May Week Four (5/27) 90 Put for around $0.53. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $103.87) Download Presentation Slides
ZIM Integrated Shipping Services (ZIM) reported record income and better-than-expected revenue for the first quarter. Management also increased its full-year guidance. This shows the company can pass on the increased cost of fuel and labor. It also shows it can raise prices as customers are willing to pay premium prices due to the global supply…
Our Moderna (MRNA) put is well out of the money, but I want to roll it out one week to generate more cash and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that we will…
Our Advanced Micro Devices (AMD) put is in the money, but premiums are huge. Therefore, I am recommending we roll the put rather than accept shares. Note that this trade is only for those already in the AMD position. Current Stock Price: $99.95 Net Debit: $23.84 Action: Buy to close the AMD May Monthly (5/20)…
I am recommending we roll our General Motors (GM) and Lyft (LYFT) puts to avoid potential assignment and generate more income, which will reduce our net debits on the positions. Note that these trades are only for members who are already in the positions. GM May Monthly (5/20) 37 Put Current Stock Price: $35.96 Net…
The financial services sector has moved up this week. I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts to generate more income and reduce our net debits on the positions. Since the BAC put is in the money and we are rolling mainly to buy more time and reduce our…
Pfizer (PFE) has moved higher this month on renewed COVID-19 concerns. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that…
Pfizer (PFE) has moved higher this month on renewed COVID-19 concerns. I am recommending we roll our put out one week to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one. Just be aware that…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) May Week Four (5/27) 90 Put for around $0.82. You can go as low as $0.75, but please don’t start there and always use limit orders. (Current stock price: $94.46) TRADE TWO*: Sell to open the…
Advanced Micro Devices (AMD) has surged over the past week. I am recommending we roll our put up to a higher strike while keeping the expiration date the same to generate more income and reduce our net debit on the position. My goal is to be assigned shares and sell calls so we can take…
I am recommending we roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread out one week to generate more income. Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $237.05 Cost Basis: $53.93 (Note that the cost basis was incorrectly…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS) and The Trade Desk (TTD) puts to generate more income and reduce our net debit on the positions. FLSR May Monthly (5/20) 70 Put Current Stock Price: $66.08 Net Debit: $15.42 Action: Buy to close the FLSR May Monthly (5/20) 70 Put for…
Target (TGT) announced earnings today that were well below Wall Street’s expectations. Management also forecast single-digit revenue growth this year, as well as continued pressure on profits margins. Target noted that fuel and freight costs will be $1 billion more than it had expected this year and said it will try not to pass the…
Thor Industries (THO) has popped back above our put’s strike after a sharp sell-off. Let’s use this opportunity to exit the position at a small profit and free up capital for new trades. Current Stock Price: $78.94 Cash in Hand: $1.10 Action: Buy to close the THO May Monthly (5/20) 75 Put for around $1,…
Delta Air Lines (DAL) is running up following a positive forecast from competitor United Airlines (UAL), which we entered a trade on today. The news took DAL just above our $40 strike price. I’m not sure the rally in DAL will continue. Therefore, I want to use this opportunity to close the trade around breakeven.…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread out one week and to a lower strike to generate more income. Because the retailer is scheduled to announce earnings tomorrow, I am also recommending we spend some cash to purchase a protective put. Note: No action is needed on…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) May Monthly (5/20) 85 Put for around $0.78. You can go as low as $0.68, but please don’t start there and always use limit orders. (Current stock price: $95.28) TRADE TWO: Sell to open Valero (VLO) May…
I am recommending calls to sell against our uncovered shares of Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) to reduce our cost basis on the positions. Note that these trades are only for members who already own shares from previous positions. TSM Uncovered Shares Current Stock Price: $93.01 Cost Basis: $126.89 Action: Sell…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trade by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
Our Moderna (MRNA) put expired worthless on Friday. I am recommending a new put to sell. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are an Income Masters member, note that…
Our Advanced Micro Devices (AMD) put expired worthless last week. I am recommending a new put to generate income and reduce our sizeable net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on…
I am recommending calls to sell on our uncovered shares of Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) to reduce our cost basis on the positions. Note that these trades are only for members who already own shares from previous positions. BBY Uncovered Shares Current Stock Price: $82.81 Cost Basis: $97.20…
Our Pfizer (PFE) put expired worthless last week. I am recommending a new put to generate income and reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.…
Our Pfizer (PFE) put expired worthless last week. I am recommending a new put to generate income and reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.…
Let’s book profits on our JPMorgan Chase (JPM) and Skechers (SKX) puts. While the JPM profit is modest, the position is proof that patience and aggressively managing underwater positions pay off. JPM May Monthly (5/20) 120 Put Current Stock Price: $122.08 Cash in Hand: $1.40 Action: Buy to close the JPM May Monthly (5/20) 120…
Our Pfizer (PFE) May Week Two (5/13) 47.50 Put is on track to expire worthless. I will recommend a new trade in the near future to reduce our net debit on the position. Current Stock Price: $49.88 Net Debit: $9.78 Action: Watch put expire worthless
Our Advanced Micro Devices (AMD) and Pfizer (PFE) puts are on track to expire worthless. I will recommend new trades on these names in the near future to reduce our net debits on the positions. AMD May Week Two (5/13) 85 Put Current Stock Price: $95.60 Net Debit: $26.72 Action: Watch put expire worthless PFE…
Our Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls are on track to expire worthless. We will simply watch them do so and I will recommend new calls to sell against these names soon. TSM May Week Two (5/13) 95 Call Current Stock Price: $90.94 Cost Basis: $126.89 Action: Watch call expire worthless…
Moderna (MRNA) announced this week that it has made all required submissions to the Food & Drug Administration for emergency use authorization of its COVID-19 vaccine in adolescents and children. This, along with today’s broader market rally, has our MRNA May Week Two (5/13) 120 Put trading well out of the money. Let’s watch it…
Micron Technology (MU) is rallying today. I am recommending we roll our call out two weeks to avoid having our shares called away and to capture more potential appreciation. We will also be generating some income to reduce our cost basis on the shares. Note: No action is needed on the MU May Monthly (5/20)…
Our Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless. We will simply watch them do so and I will recommend new calls to sell against these names soon. BBY May Week Two (5/13) 98 Call Current Stock Price: $87.63 Cost Basis: $97.20 Action: Watch call…
We temporarily exited our Walt Disney (DIS) position to avoid earnings risk. The company reported quarterly results after the bell on Wednesday that fell short of analyst expectations. However, Disney’s parks, experience and consumer products business generated a better-than-expected operating profit of $1.76 billion as travel recovers. Perhaps most impressive, though, was the fact that…
I am recommending we roll our General Motors (GM) put out one week to generate more income and reduce our net debit on the position. There was an excellent article in The New York Times this week about CEO Mary Barra and the company’s initiatives and investments in batteries and electric vehicles. You can enter…
Starbucks (SBUX) is up more than 5% today. I am recommending we close our monthly put early with a very nice profit. Current Stock Price: $73.93 Cash in Hand: $0.59 Action: Buy to close the SBUX May Monthly (5/20) 67 Put Current Option Price: $0.16-$0.18 Recommended Limit: Set your initial limit order at $0.17, but…
Given how prone this market is to reversals, I want to play it safe and book profits on our ZIM Integrated Shipping Services (ZIM) put. Current Stock Price: $62.29 Cash in Hand: $0.55 Action: Buy to close the ZIM May Week Two (5/13) 55 Put for around $0.05, but adjust as needed to close today…
Skechers (SKX) is down around 5% over the past week, but that is less than the broader market and other footwear stocks. With shares rallying today in the face of a broader market sell-off, I am recommending a new trade on the stock. Given that I see short-term support at $35, I am going with…
Kroger Co. (KR) looks to have put in a short-term bottom. I am recommending a call to sell against our uncovered shares. The income we generate will reduce our cost basis on the position. Note that this trade is only for people who already own shares of KR uncovered from a previous position. I am…
We closed our put on The Trade Desk (TTD) to avoid earnings risk. The company reported better-than-expected quarterly revenue and earnings. The report reinforces the company’s clear leadership position in the advertising and marketing industry. After an initial sell-off, shares reversed higher. I am recommending we take advantage of post-earnings volatility by selling a silly…
Bank stocks took a hit this week. I am recommending we roll our JPMorgan Chase (JPM) put out one week to avoid potential assignment and generate more cash. Current Stock Price: $117.28 Cash in Hand: $0.10 Action: Buy to close the JPM May Week Two (5/13) 120 Put for around $3 Sell to open the…
Our Bank of America (BAC), Citigroup (C) and Delta Air Lines (DAL) puts are in the money after the stocks got hit in the broader market sell-off. I am recommending we roll our puts out one week to avoid potential assignment and generate more income. Note that these trades are only for members already in…
Let’s book fast profits on our Roku (ROKU) put. Current Stock Price: $83.52 Cash in Hand: $0.66 Action: Buy to close the ROKU May Week Two (5/13) 68 Put for around $0.19, but adjust as needed to close today Profit: $0.47, or $47 per contract
I am recommending we sell buy back our put in The Trade Desk (TTD) as earnings come out after the close today. We will re-enter the position after the announcement. Current Stock Price: $43.56 Cash in Hand: $.39 Action: Buy to close the TTD May Monthly (5/20) 45 Put for $5.85 New Net Debit: $5.46
I am recommending we sell our shares in The Walt Disney Company (DIS). Earnings come out tomorrow and I want to avoid the announcement. We will re-enter the position after the announcement. Current Stock Price: $108.60 Cost Basis: $125.81 Action: Sell DIS shares at market New Net Debit: $17.21
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) May Week Two (5/13) 68 Put for around $0.66 You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $80.85) TRADE TWO: Sell to open ZIM Integrated Shipping Services (ZIM) May Week…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trade by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and let the…
I am recommending a call to sell against our uncovered Marvell Technology (MRVL) shares to reduce our cost basis on the position. Note that this trade is only for members who already own MRVL shares uncovered from a previous position. Current Stock Price: $55.27 Cost Basis: $69.24 Action: Sell to open the MRVL May Monthly…
I am recommending we close our Microsoft (MSFT) spread rather than risk rolling through the weekend. I will recommend a new spread soon to reduce our net debit on the position. Current Stock Price: $274.46 Net Debit: $2.33 Action: Buy to close the MSFT May Week One (5/6) 265 Put for around $0.16 Sell to…
Our Marvell Technology (MRVL) May Week One (5/6) 71 Put is deep in the money, so I am recommending we accept shares. We will continue to trade this core stock by selling calls to generate income. Current Stock Price: $57.9 Cash in Hand: $1.76 Action: Accept shares Cost Basis: $69.24 Potential Rate of Return: I…
We have positions in Walt Disney (DIS) and Kroger Co. (KR) expiring today. Disney is scheduled to report earnings on May 11. The call is on track to expire worthless, let’s see what Monday or Tuesday bring us but we will sell our shares before earnings and re-enter the position after the announcement by selling…
Mosaic Company (MOS) announced first-quarter results Tuesday that fell short of analyst expectations. Yet, after opening lower, the stock closed up nearly 9% on the day. Perhaps this was due to the fact that the fertilizer producer reported a 71% year-over-year increase in revenue and a 159% jump in adjusted EBITDA. While it would have…
We temporarily exited our Moderna (MRNA) position to avoid earnings. Now that the report is behind us, let’s capitalize on still-elevated volatility levels by selling a put to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will…
I am recommending a call to sell against our uncovered Nike (NKE) shares to reduce our cost basis on the position. Note that this trade is only for people who already own shares of NKE uncovered from a previous position. Current Stock Price: $118.80 Cost Basis: $130.98 Action: Sell to open the NKE May Week…
We temporarily closed our bull put spreads in Goldman Sachs (GS), SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) instead of rolling them. With the Fed announcement behind us, I am recommending new spreads to reduce our net debits on the positions. You can enter today’s trades even if you were not in…
We purchased protective puts on our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads to hedge against the Federal Reserve announcement. We’re going to be selling the protective puts and rolling the SMH call. SMH Jan 2023 (1/20/23) 250/May Monthly (5/20) 260 Call Spread SMH May Week One (5/6) 220 Put Note:…
Advanced Micro Devices (AMD) announced first-quarter results after the bell on Tuesday, beating analyst estimates. The chipmaker reported a 71% year-over-year revenue increase to $5.89 billion, while adjusted earnings more than doubled to $1.13 per share. Guidance also came in above expectations with management saying it anticipates $6.5 billion in sales for the current quarter.…
We temporarily exited our positions in Bank of America (BAC) and Citigroup (C) to avoid risk associated with this week’s Federal Reserve decision on interest rates. Now that it is behind us, we can get back to trading these stocks for income. I am recommending puts to sell to reduce our net debits on the…
With the Federal Reserve announcement behind us, I am recommending a new JPMorgan Chase (JPM) put to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. Current…
I am recommending a call to sell against our uncovered Charles Schwab (SCHW) shares to reduce our cost basis on the position. Note that this trade is only for members who already own SCHW shares uncovered from a previous position. Current Stock Price: $69.02 Cost Basis: $73.99 Action: Sell to open the SCHW May Monthly…
Lyft (LYFT) got clobbered after management’s second-quarter revenue and adjusted EBITDA forecast fell short of estimates and the company reported a wider-than-expected loss. Revenue of $875.6 million, however, was ahead of estimates. A post-earnings sell-off like this is exactly why we exited our position prior to the announcement. Now that earnings are behind us, we…
Pfizer (PFE) announced better-than-expected revenue and earnings this week, generating $25.7 billion in first-quarter sales and an adjusted profit of $1.62 per share. Management forecast full-year revenue of $98 billion to $102 billion and earnings of $6.25-$6.45 per share. That means the stock is currently trading for less than 8 times the low end of…
Pfizer (PFE) announced better-than-expected revenue and earnings this week, generating $25.7 billion in first-quarter sales and an adjusted profit of $1.62 per share. Management forecast full-year revenue of $98 billion to $102 billion and earnings of $6.25-$6.45 per share. That means the stock is currently trading for less than 8 times the low end of…
Our NVIDIA (NVDA) spread is trading near breakeven. I am recommending we close it now at a small profit rather than risk holding through the Federal Reserve announcement. Current Stock Price: $196.86 Cash in Hand: $0.42 Action: Buy to close the NVDA May Week One (5/6) 175 Put for around $0.82 Sell to close the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Thor Industries (THO) May Monthly (5/20) 75 Put for around $1.10. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $84.50) TRADE TWO*: Sell to open the Expedia…
ZIM Integrated Shipping Services (ZIM) has spiked more than 8% today. Let’s book profits on our put. Current Stock Price: $62.17 Cash in Hand: $2.80 Action: Buy to close the ZIM May Monthly (5/20) 55 Put Current Option Price: $1.70-$1.90 Recommended Limit: Set your initial limit order at $1.80, but adjust as needed to close…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trade by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
I am recommending we roll our put on The Trade Desk (TTD) out two and a half weeks and to a lower strike to reduce our risk ahead of the Federal Reserve meeting and pick up more income. You can enter today’s trade even if you were not in the previous one by selling the…
The Federal Reserve is expected to announce its decision on interest rates tomorrow, which could trigger a sharp sell-off in stocks. I am recommending we buy protective puts on our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/May Monthly (5/20) 260 Call Spread Note: No action is…
I am recommending we book profits on our Southwest Airlines (LUV) put. While we are giving back more cash than usual, today is not the day to get greedy. Current Stock Price: $46.58 Cash in Hand: $0.37 Action: Buy to close the LUV May Week One (5/6) 43.50 Put for around $0.16, but adjust as…
We were assigned shares of Walt Disney (DIS) last week, and I am recommending a call to sell against them. The strike is comfortably out of the money in case we see a spike in the market following this week’s Federal Reserve meeting. The company is scheduled to report earnings on May 11. If we…
First Solar (FSLR) reported earnings late last week. While its first-quarter net loss of $0.41 per share was slightly above estimates, revenue fell short of expectations. However, Wall Street seemed satisfied with the report, as shares are up around 1.9% since the announcement. This was likely due to management reaffirming its guidance for 2022 and…
Mosaic Company (MOS) is scheduled to report earnings after the closing bell. Although the stock is running up into the announcement, I want to sell our shares to avoid earnings risk given how MOS has traded on past reports. We will re-enter the position after earnings come out by selling a put to reduce our…
Moderna (MRNA) is running up today after the company said it will have data supporting its coronavirus vaccine for children under the age of 6 to the Food & Drug Administration next month for review. That’s good news for us, as we were assigned shares last week. However, given that the company is scheduled to…
We have uncovered shares of Bank of America (BAC), Citigroup (C), Pfizer (PFE) and Lyft (LYFT) that we need to sell to temporarily exit the positions. We are selling BAC and C to avoid risk related to this week’s Federal Reserve meeting. And we are selling PFE and LYFT to avoid the companies’ respective earnings…
We are on track to be assigned shares of Lyft (LYFT). With the company scheduled to report earnings on May 3, I will be recommending that we sell our shares early next week. We will re-enter the position after earnings come out. Pfizer (PFE) is circling the strike price of the call we sold. The…
Our Pfizer (PFE) Apr Week Five (4/29) 49 Call is in the money and our shares are on track to be called away. That was the goal, as the company is scheduled to report earnings on May 3. We will re-enter the position by selling a put after the announcement to reduce our net debit…
Moderna (MRNA) is circling the strike price of our MRNA Apr Week Five (4/29) 145 Put. The company is scheduled to report earnings next week, and I do not want to hold a position through the announcement. If we are assigned shares, we will sell them before the announcement and re-enter the position after earnings…
Our Walt Disney (DIS) Apr Week Five (4/29) 128 Put is deep in the money after Netflix’s (NFLX) subscriber losses triggered a sell-off in DIS. Disney is increasingly seen as a streaming play, but unlike Netflix, it has a number of other profitable businesses. Travel is on the rebound, which should benefit Disney’s theme parks.…
The Federal Reserve is set to meet next week, and the outcome is of great (perhaps too great) interest to Wall Street. The historical relationship between banks stocks and interest rates — i.e., banks stocks go up when interest rates do — has not played out this time around. Our Bank of America (BAC) and…
I am recommending we temporarily close our Goldman Sachs (GS), SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) bull put spreads rather than roll them. We will carry over net debits and I will recommend new spreads on these names soon. GS Apr Week Five (4/29) 315/310 Put Spread Current Stock Price: $315.06…
I am recommending we book profits on our Blackstone (BX) put. We are on track to be assigned shares of Mosaic Company (MOS). The company is scheduled to announce earnings on May 2, after the closing bell. I will be recommending that we sell our shares on Monday. We will re-enter the position after earnings…
I am recommending we roll our Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls out two weeks to generate more income and, in the case of BBY and XBI, capture more potential appreciation. BBY Apr Week Five (4/29) 94 Call Current Stock Price: $93.22 Cost Basis: $97.85 Action: Buy to…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Southwest Airlines (LUV) May Week One (5/6) 43.50 Put for around $0.37. You can go as low as $0.31, but please don’t start there and always use limit orders. (Current stock price: $46.68) Download Presentation Slides
I am recommending we roll our Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls out two weeks and to higher strike prices to capture more potential appreciation. We will also generate income to reduce our cost basis on the positions. TSM Apr Week Five (4/29) 93 Call Current Stock Price: $92.69 Cost Basis:…
Advanced Micro Devices (AMD) is scheduled to report earnings next week. I am recommending we buy back our call and sell our shares, as I do not want to hold a position through the announcement. We will re-enter the position by selling a put once the earnings dust settles. Current Stock Price: $86.64 Cost Basis:…
The Trade Desk (TTD) has sold off since we entered the trade. I am recommending we roll out one week and to a lower strike. This will buy us some time for the stock to recover and reduce our risk. My hope is to roll it again soon to generate income. Current Stock Price: $57.46…
This is the kind of market where you take fast profits where you can. Let’s close our Applied Materials (AMAT) and CVS Health (CVS) puts. AMAT Apr Week Five (4/29) 104 Put Current Stock Price: $110.54 Cash in Hand: $0.51 Action: Buy to close the AMAT Apr Week Five (4/29) 104 Put for around $0.25,…
We closed our position in core stock General Motors (GM) ahead of the company’s earnings announcement. The automaker beat first-quarter earnings estimates and maintained its 2022 guidance despite a number of issues, including supply chain snags. Management also said it continues to ramp up electric vehicle production. While the stock is roughly flat since the…
First Solar (FSLR) is scheduled to announce earnings tomorrow. The stock got a boost today from a positive earnings report from competitor Enphase Energy (ENPH). I am recommending you sell your shares now and we will re-enter the position after First Solar reports. Current Stock Price: $72.30 Cost Basis: $89.45 Action: Sell shares at market…
This is the kind of market where you take fast profits. Let’s close our Delta Air Lines (DAL) put now with a triple-digit annualized rate of return. Current Stock Price: $43.10 Cash in Hand: $0.32 Action: Buy to close the DAL Apr Week Five (4/29) 40 Put Current Option Price: $0.09-0.10 Recommended Limit: Set your…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Applied Materials (AMAT) Apr Week Five (4/29) 104 Put for around $0.51. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $109.53) Download Presentation Slides
I am recommending we roll our Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls to lower strikes while keeping the expiration date the same. This will allow us to generate more income and reduce our cost basis on the positions. BBY Apr Week Five (4/29) 96 Call Current Stock Price:…
Microsoft (MSFT) is up nearly 6% today after the company reported better-than-expected fiscal third-quarter revenue and earnings on strong cloud computing business. Revenue guidance for the current quarter was in line with analyst estimates. I am recommending a new bull put spread to reduce our net debit on the position. You can enter today’s trade…
We were assigned shares of Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) last week, and our Walgreens Boots Alliance (WBA) call expired worthless. This leaves us with uncovered shares in each of these stocks. I am recommending calls to sell to reduce our cost basis on the positions. Note that with PFE we are selling…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open CVS Health (CVS) Apr Week Five (4/29) 100 Put for around $0.81. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $102.16) Download Presentation Slides
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trade by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
Our General Motors (GM) call expired worthless last week. The company is scheduled to report earnings after the close today and I do not want to risk holding shares through the announcement. I am recommending you sell your shares now and we will re-enter the position by selling a put once the earnings dust settles.…
We have positions in Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) expiring today. PFE sold off this week despite the fact that the World Health Organization endorsed the use of the company’s oral Covid-19 antiviral treatment in high-risk patients after data confirmed it drastically cut hospitalization risk. The stock seems to…
We have positions in General Motors (GM) and Pfizer (PFE) expiring today. Our GM call is on track to expire worthless. The company is scheduled to report earnings on April 26. We will exit the position before then and re-enter following the announcement. PFE sold off this week despite the fact that the World Health…
After a March rally, First Solar (FSLR) is falling again as the risk-on trade once again switched off this month. Our call is on track to expire worthless. The company is scheduled to report earnings on April 28. We will exit the position before then and re-enter following the announcement. Mosaic Company (MOS) has sold…
Our Microsoft (MSFT) spread is on track to expire worthless. However, given today’s market sell-off, let’s play it safe by closing the top leg now rather than risk holding through expiration for a few more pennies in premium. The bottom leg should expire worthless. We will carry over a net debit and I will recommend…
I don’t like the way JPMorgan Chase (JPM) is trading. Therefore, rather than roll our in-the-money put and hold a position over the weekend, I am recommending we buy back the put now. We will carry over a net debit on the position. I will recommend a new put to sell once we see if…
Our Charles Schwab (SCHW) put is in the money after the stock sold off late this week on no discernable news. I am recommending we roll our put out one week to buy time for the stock to recover. Plus, we’ll pick up some more income in the process. Current Stock Price: $71.34 Cash in…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Blackstone (BX) Apr Week Five (4/29) 107 Put for around $0.95. You can go as low as $0.81, but please don’t start there and always use limit orders. (Current stock price: $114.73) TRADE TWO*: Sell to open the NVIDIA…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Apr Week Four (4/22) 265 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $246.40 Cost Basis: $58.45…
I am recommending we roll our Moderna (MRNA) put out one week and to a lower strike to generate more cash and reduce our net debit on the position. If you are an Income Masters member, note that we continue to track the ongoing net debit we have in MRNA in that program as well.…
I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) puts to buy ourselves some time and generate more income. DIS Apr Week Four (4/22) 129 Put Current Stock Price: $124.92 Cash in Hand: $1.05 Action: Buy to close the DIS Apr Week Four (4/22) 129 Put for around $4.15 Sell to…
I am recommending we roll our Best Buy (BBY) call to generate more income, capture more potential appreciation and reduce our cost basis on the position. Current Stock Price: $95.20 Cost Basis: $99.11 Action: Buy to close the BBY Apr Week Four (4/22) 95 Call for around $1 Sell to open the BBY Apr Week…
I am recommending we roll our Lyft (LYFT) and Marvell Technology (MRVL) puts to avoid potential assignment and generate more income. LYFT Apr Week Four (4/22) 36.50 Put Current Stock Price: $36.03 Cash in Hand: $0.81 Action: Buy to close the LYFT Apr Week Four (4/22) 36.50 Put for around $0.77 Sell to open the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Nike (NKE) Apr Week Five (4/29) 132 Put for around $1.02. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $136.55) TRADE TWO: Sell to open The Trade…
JPMorgan Chase (JPM) continues to move higher. Let’s roll our put up again while keeping the expiration date the same to turn our net debit into cash in hand. I am also recommending we roll our Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce…
I am recommending we roll our Advanced Micro Devices (AMD) call out one week and to a lower strike to generate more income. The company is scheduled to report earnings on May 3. If we are not called out next week, we will exit the position temporarily by selling our shares and re-enter after the…
Let’s book fast profits on our Applied Materials (AMAT) put and free up capital for new trades. Current Stock Price: $119.99 Cash in Hand: $1.21 Action: Buy to close the AMAT Apr Week Five (4/29) 110 Put for around $0.57, but adjust as needed to close today Profit: $0.64, or $64 per contract
CVS Health (CVS) is rallying today. This trade is a great example of how you can use rolling to buy time for a position to recover. Let’s book a profit now. Current Stock Price: $106.54 Cash in Hand: $1.37 Action: Buy to close the CVS Apr Week Four (4/22) 104 Put for around $0.27, but…
The Trade Desk (TTD) is up sharply today. Let’s book profits now. Current Stock Price: $65.78 Cash in Hand: $0.68 Action: Buy to close the TTD Apr Week Four (4/22) 59 Put Current Option Price: $0.24-$0.26 Recommended Limit: Set your initial limit order at $0.25, but adjust as needed to close today Profit: $0.43, or…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Mosaic Company (MOS) Apr Week Four (4/22) 74 Put for around $0.62. You can go as low as $0.56, but please don’t start there and always use limit orders. (Current stock price: $77.27) TRADE TWO: Sell to open Applied…
I am recommending we roll our JPMorgan Chase (JPM) put to a higher strike while keeping the expiration date the same to reduce our net debit. And let’s book a profit on our JPM spread. JPM Apr Week Four (4/22) 120 Put Current Stock Price: $130.50 Net Debit: $0.50 Action: Buy to close the JPM…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
It’s time to re-enter our positions in Bank of America (BAC) and Citigroup (C). Both stocks are higher over the past week despite a mixed bag of earnings from the country’s biggest banks. For its part, Bank of America reported better-than-expected first-quarter revenue of $23.33 billion and earnings per share of $0.80. Meanwhile, management said…
Let’s close our ZIM Integrated Shipping Services (ZIM) put, booking a profit and freeing up capital for new trades. Current Stock Price: $56.31 Cash in Hand: $0.55 Action: Buy to close the ZIM Apr Week Four (4/22) 50 Put for around $0.15, but adjust as needed to close today Profit: $0.40, or $40 per contract
Let’s book profits on our Skechers (SKX) put. Current Stock Price: $39.38 Cash in Hand: $0.55 Action: Buy to close the SKX Apr Week Four (4/22) 35 Put Current Option Price: $0.05-$0.10 Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close today Profit: $0.47, or $47 per contract Rate…
Let’s book profits on our Delta Air Lines (DAL) and Gilead Sciences (GILD) puts. DAL Apr Week Four (4/22) 38.50 Put Current Stock Price: $42.91 Cash in Hand: $0.36 Action: Buy to close the DAL Apr Week Four (4/22) 38.50 Put for around $0.06, but adjust as needed to close today Profit: $0.30, or $30…
We rolled our Nike (NKE) put last week simply to pick up more cash. Let’s close it now with an excellent profit. Current Stock Price: $133.05 Cash in Hand: $1.43 Action: Buy to close the NKE Apr Week Four (4/22) 125 Put for around $0.20, but adjust as needed to close today Profit: $1.23, or…
Walgreens Boots Alliance (WBA) sold off following the release of its second-quarter results at the end of March despite beating on both the top and bottom lines. Management maintained its forecast for the full year, but some investors are worried that fading pandemic tail winds will negatively impact the company. Walgreens is also increasing its…
We’re going back to Walt Disney (DIS) for a new put trade. Data from the travel industry is very encouraging, especially for domestic travel. Disney should be a big beneficiary of people hitting the road this spring and summer. Please keep an eye out for new trade alerts as we target getting to our $1,000…
We have a large net debit on Sunrun (RUN), but I remain bullish on the solar sector and the company in particular. We will exit this position before earnings are reported on May 4 and re-enter after the announcement. Current Stock Price: $25.71 Net Debit: $16.48 Action: Buy to close the RUN Apr Monthly…
Kroger Co. (KR) sold off this week, but I expect shares to bounce back. I am recommending we roll our put out one week to buy ourselves some time and generate more income. Current Stock Price: $58.43 Cash in Hand: $0.35 Action: Buy to close the KR Apr Monthly (4/14) 60 Put for around $1.62…
I am recommending we take a loss on Squarespace (SQSP). While I like the company, my timing on this trade could not have been worse. We entered the position in mid-November, shortly after the company announced it had grown revenue 24% year over year in its third quarter. At the time, “growth” was not yet…
Bank of America (BAC) is selling off today with the sector following a mixed earnings report from JPMorgan Chase (JPM). BofA is scheduled to report Monday before the close, and I do not want to hold a position through the announcement. Therefore, I am recommending you close now by buying back the call and selling…
Let’s book a modest profit on Starbucks (SBUX) rather than risk holding through expiration. This will also free up capital for new trades, so keep an eye on your inbox this week. Current Stock Price: $81.28 Cash in Hand: $0.73 Action: Buy to close the SBUX Apr Monthly (4/14) 81 Put for around $0.47, but…
Taiwan Semiconductor Manufacturing (TSM) is scheduled to announce earnings tomorrow. The stock is running up today, but I want to avoid earnings risk by selling our shares. We will carry over a net debit and sell a put on the stock after the earnings dust settles. Current Stock Price: $101.71 Cost Basis: $131.51 Action: Sell…
JPMorgan Chase (JPM) is selling off today following a mixed earnings report, which is precisely why I didn’t want to hold through the announcement. Q1 revenue was down 5% year over year, while profits fell 42%. The main culprits were increased costs from bad loans and market volatility caused by Russia’s invasion of Ukraine. However,…
I want to get back to trading travel stocks by selling a put on Delta Air Lines (DAL) today. The stock is up more than 4% following the release of the company’s latest earnings results. Delta reported better-than-expected revenue, a lower-than-expected adjusted loss and said it expects to turn a profit this quarter. Management said…
I am recommending we roll our CVS Health (CVS) put to avoid potential assignment and generate more income. Our Nike (NKE) put is currently on track to expire worthless. But I want to roll it out a week to pick up more cash. CVS Apr Monthly (4/14) 105 Put Current Stock Price: $104.59 Cash in…
I am recommending we roll our Microsoft (MSFT) bull put spread out one week and to lower strikes to avoid assignment and give the stock a chance to recover. We are also widening the spread from 5 points to 10 points, which will require you to put up more capital. However, it will also allow…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce our cost basis on the positions. BBY Apr Monthly (4/14) 95 Call Current Stock Price: $94.19 Cost Basis: $100.11 Action: Buy to close the BBY Apr…
Let’s book profits on our Walt Disney (DIS) put. Current Stock Price: $131.64 Cash in Hand: $1.05 Action: Buy to close the DIS Apr Monthly (4/14) 130 Put for around $0.46, but adjust as needed to close today Profit: $0.59, or $59 per contract
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending we book profits on our Lululemon Athletica (LULU) spread. Current Stock Price: $384.15 Cash in Hand: $0.36 Action: Buy to close the LULU Apr Monthly (4/14) 340 Put for around $0.08 Sell to close the LULU Apr…
I am recommending we sell calls on our uncovered Micron Technology (MU) shares. Note that this trade is only for members who already own shares of MU uncovered from a previous trade. I am also recommending another bull put spread to reduce our net debit on the position. You can enter today’s trade even if…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
I am recommending a call to sell against our uncovered General Motors (GM) shares. We have a way to go to get to breakeven, but I still like the company and the cash we can generate from the stock. Current Stock Price: $40.29 Cost Basis: $51.77 Action: Sell to open the GM Apr Week Four…
I am recommending we sell our Citigroup (C) shares. The bank reports earnings on Thursday, and I do not want to hold a position through the announcement. We will carry over our net debit and I will recommend a put to sell once the earnings dust settles. Current Stock Price: $50.77 Cost Basis: $66.04 Action:…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread to avoid being called out and capture more potential appreciation. Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time. Current Stock Price: $234.16 Cost Basis: $49.67 Action: Buy to close the TGT Apr…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Apr Monthly (4/14) 105 Put for around $0.77. You can go as low as $0.68, but please don’t start there and always use limit orders. (Current stock price: $105.80) TRADE TWO: Sell to open the Kroger…
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending we book profits on our Nike (NKE) put. Current Stock Price: $129.40 Cash in Hand: $1.17 Action: Buy to close the NKE Apr Monthly (4/14) 125 Put for around $0.54, but adjust as needed to close today…
I am recommending we allow our Citigroup (C) and General Motors (GM) calls to expire worthless. Both stocks have been hit by concerns about slowing economic growth and perhaps jitters about the companies delivering revenue guidance that is below estimates when they report later this month. I plan to recommend selling our Citigroup shares next…
I am recommending we close our Ford (F) position. While I still like the company, I think it will take too long to get back to breakeven with this stock. Therefore, we will book the loss and turn our attention to making back the lost income through other positions during Income Madness Week and then…
Lyft (LYFT) and Marvell Technology (MRVL) sold off this week with the tech sector. Both stocks are significantly oversold and undervalued. I am recommending we roll our puts out two weeks to generate more income and buy ourselves some time for the stocks to rebound. LYFT Apr Week Two (4/8) 36.50 Put Current Stock Price:…
We have expiring positions in JPMorgan Chase (JPM) and Micron Technology (MU). I am recommending we close our JPM standalone put and bull put spread. The bank is scheduled to announce earnings next week. We will carry over our net debit and enter new positions after the announcement. Our MU put is in the money.…
I am recommending we close our Western Digital (WDC) put with a small profit rather than roll it out another week. Current Stock Price: $47.76 Cash in Hand: $0.28 Action: Buy to close the WDC Apr Week Two (4/8) 47.50 Put Current Option Price: $0.20-$0.24 Recommended Limit: Set your initial limit order at $0.22, but…
I am recommending we close our Morgan Stanley (MS) put at a small loss rather than roll, as earnings are scheduled to come out next week. Current Stock Price: $83.78 Cash in Hand: $0.48 Action: Buy to close the MS Apr Week Two (4/8) 84 Put for around $0.53, but adjust as needed to close…
I am recommending we book profits on our Apple (AAPL) spread and CVS Health (CVS) put now rather than risk holding through expiration. AAPL Apr Week Two (4/8) 167.50/162.50 Put Spread Current Stock Price: $170.14 Cash in Hand: $0.26 Action: Buy to close the AAPL Apr Week Two (4/8) 167.50 Put for around $0.12…
Let’s book profits on our Kroger Co. (KR) put. Current Stock Price: $62.20 Cash in Hand: $0.51 Action: Buy to close the KR Apr Monthly (4/14) 58 Put for around $0.11, but adjust as needed to close today Profit: $0.40, or $40 per contract
I am recommending we roll our Pfizer (PFE) put out two weeks and to a higher strike to generate more cash and reduce our net debit on the position. If you do not currently have a position in this core stock, you can enter one now by selling the second leg. Just be aware that…
I am recommending we roll our Advanced Micro Devices (AMD) call out two weeks and to a lower strike to generate more income and reduce our cost basis. And let’s roll our Pfizer (PFE) put out two weeks and to a higher strike to generate more income and reduce our net debit on the position.…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Nike (NKE) Apr Monthly (4/14) 125 Put for around $1.17. You can go as low as $1.07, but please don’t start there and always use limit orders. (Current stock price: $127.77) TRADE TWO: Sell to open the Kroger Co.…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads out two weeks. SMH Jan 2023 (1/20/23) 250/Apr Week Two (4/8) 265 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $250.78…
I am recommending we roll our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce our cost basis on the positions. BBY Apr Week Two (4/8) 95 Call Current Stock Price: $90.47 Cost Basis: $100.51 Action: Buy to close the BBY Apr Week Two (4/8)…
Below is the action from today’s Income Madness Live Trading Session. Note that there are no new trades due to market conditions. We may put on new trades via alert, so be sure to keep an eye on your email. Action on Existing Position I am recommending we book profits on our Kroger Co. (KR)…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Morgan Stanley (MS) Apr Week Two (4/8) 84 Put for around $0.48. You can go as low as $0.42, but please don’t start there and always use limit orders. Place a good ‘til canceled (GTC) order at $0.10. (Current…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
I am recommending we roll our Best Buy (BBY), CVS Health (CVS), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) positions out one week to generate more income and/or reduce our cost basis. BBY Apr Week One (4/1) 100 Call Current Stock Price: $90.33 Cost Basis: $100.90 Action: Buy to close the BBY Apr…
I am recommending we roll our expiring First Solar (FSLR) and Target (TGT) calls. FSLR Apr Week One (4/1) 80 Call Current Stock Price: $83.92 Cost Basis: $91.02 Action: Buy to close the FSLR Apr Week One (4/1) 80 Call for around $4.08 Sell to open the FSLR Apr Monthly (4/14) 82 Call for around…
Download Presentation Slides See the Income Masters Bullpen list here.
Below are the trades from today’s Income Masters Live Trading Session. Note that we do not recommend doubling up on a stock. Choose the strategy that best suits your trading goals and risk tolerance. If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade. TRADE ONE:…
I am recommending we roll our Advanced Micro Devices (AMD), Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) positions. AMD Apr Week One (4/1) 115 Call Current Stock Price: $113.87 Cost Basis: $119.24 Action: Buy to close the AMD Apr Week One (4/1) 115 Call for around $1.28 Sell to open the…
I am recommending we roll our Bank of America (BAC), General Motors (GM) and Marvell Technology (MRVL) positions. BAC Apr Week One (4/8) 41 Call Current Stock Price: $42.05 Cost Basis: $45.48 Action: Buy to close the BAC Apr Week Two (4/8) 41 Call for around $1.45 Sell to open the BAC Apr Monthly (4/14) 41.50…
Note that we do not recommend doubling up on a stock. Choose the strategy that best suits your trading goals and risk tolerance. If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade. TRADE ONE: Sell to open Micron Technology (MU) Apr Week One (4/1) 79…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Apr Week One (4/1) 103 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: $104.51) TRADE TWO: Sell to open the…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
Core stock Pfizer (PFE) is trading well above the strike price of the PFE Mar Week Four (3/25) 49 Call we sold. Let’s allow our shares to be called away. I will recommend a put to sell soon to reduce our net debit on the position. Current Stock Price: $53.20 Cost Basis: $55.39 Action: Allow…
I am recommending we spend some cash to roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to a higher strike with the goal of capturing more potential appreciation. Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $274.57 Cost…
Let’s book profits on Marvell Technology (MRVL) and The Trade Desk (TTD) now rather than risk a reversal for a few more cents in premium. MRVL Mar Week Four (3/25) 69 Put Current Stock Price: $72.86 Cash in Hand: $0.36 Action: Buy to close the MRVL Mar Week Four (3/25) 69 Put Current Option Price:…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) call to capture more potential appreciation, generate income and reduce our cost basis on the position. Current Stock Price: $91.29 Cost Basis: $101.78 Action: Buy to close the XBI Mar Week Four (3/25) 90 Call for around $1.81 Sell to open the XBI Apr…
I am recommending we roll our Best Buy (BBY) call to generate income and reduce our cost basis on the position. Current Stock Price: $96.16 Cost Basis: $101.52 Action: Buy to close the BBY Mar Week Four (3/25) 102 Call for around $0.02 Sell to open the BBY Apr Week One (4/1) 100 Call for…
I am recommending we roll our Ford (F) call out two weeks to reduce our cost basis on the shares. Let’s also sell a Pfizer (PFE) put to generate income and reduce our net debit on the position. F Mar Week Four (3/25) 17 Call Current Stock Price: $16.94 Cost Basis: $23.10 Action: Buy to…
We have a large net debit on Sunrun (RUN) after being called out of shares. However, I am not ready to throw in the towel yet. RUN appears to have put in a trading bottom at its late-February lows. While the stock is more speculative than the typical Options Income Blueprint stock and only…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) calls out two weeks to avoid being called out of shares and to generate more cash. BAC Mar Week Four (3/25) 41 Call Current Stock Price: $43.29 Cost Basis: $45.85 Action: Buy to close the BAC Mar Week Four (3/25) 41 Call…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” prices recommended below. Work your limit orders but exercise patience and…
We can close our Apple (AAPL), Applied Materials (AMAT), Kroger Co. (KR) and Zoom Video Communications (ZM) positions with terrific profits. So, let’s do it! AAPL Mar Week Four (3/25) 147/142 Put Spread Current Stock Price: $168.58 Cash in Hand: $0.33 Action: Buy to close the AAPL Mar Week Four (3/25) 147 Put for around…
I recommended rolling our Crocs (CROX), D.R. Horton (DHI) and Yeti Holdings (YETI) calls down yesterday while keeping the same expiration date. The goal was to generate one more slug of cash before being called out of our shares. We are on track to be called out, and I plan to initiate recovery positions in…
Our Pfizer (PFE) Mar Monthly (3/18) 49 Call is in the money and our shares are on track to be called away. I will recommend a put soon to reduce our net debit on the position. Current Stock Price: $53.93 Cost Basis: $51.48 Action: Allow shares to be called away Net Debit: $2.48
We have three positions expiring today. General Motors (GM) bounced back with the broader market this week. I am recommending we roll our call out two weeks to generate more cash and reduce our cost basis on the position. Sunrun’s (RUN) rebound over the past month has shares trading well above the strike price of…
I am recommending we close our Capital One Financial (COF) bull put spread at a loss. I do not like the way bank stocks are trading. Additionally, COF is vulnerable to concerns about consumer spending due to its large presence in the credit card market. Current Stock Price: $135.41 Cash in Hand: $0.52 Action: Buy…
Let’s book profits on our Teladoc Health (TDOC) put. Current Stock Price: $62.88 Cash in Hand: $1.21 Action: Buy to close the TDOC Mar Monthly (3/18) 60 Put for around $0.46, but adjust as needed to close today Profit: $0.75, or $75 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Kroger Co. (KR) Mar Week Four (3/25) 54 Put for around $0.52. You can go as low as $0.47, but please don’t start there and always use limit orders. (Current stock price: $55.65) TRADE TWO: Sell to open the…
I am recommending we roll our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) call positions out two weeks and up to higher strikes. This will allow us to generate more income and capture more potential appreciation. AMD Mar Monthly (3/18) 110 Call Current Stock Price: $110.85 Cost Basis: $120.16 Action: Buy to close…
We were called out of our Walgreens Boots Alliance (WBA) shares last week, incurring a net debit on the position. I am recommending a put to sell to reduce that net debit. Current Stock Price: $47.23 Net Debit: $4.59 Action: Sell to open the WBA Apr Week One (4/1) 47 Put for around $1.65, but…
I am recommending we roll our Crocs (CROX), D.R. Horton (DHI) and Yeti Holdings (YETI) calls down while keeping the same expiration date. The goal is to generate one more slug of cash before being called out of our shares. My plan is to initiate recovery positions on these names next week using LEAP call…
I am recommending we roll our expiring Best Buy (BBY), First Solar (FSLR) and Target (TGT) calls to generate more income. BBY Mar Monthly (3/18) 102 Call Current Stock Price: $98.92 Cost Basis: $102.27 Action: Buy to close the BBY Mar Monthly (3/18) 102 Call for around $0.20 Sell to open the BBY Mar Week…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Applied Materials (AMAT) Mar Week Four (3/25) 120 Put for around $1.11. You can go as low as $0.97, but please don’t start there and always use limit orders. (Current stock price: $130.09) TRADE TWO*: Sell to open the…
Let’s book profits on our Salesforce (CRM) and Lyft (LYFT) positions. CRM Mar Monthly (3/18) 180/175 Put Spread Current Stock Price: $204.20 Cash in Hand: $0.27 Action: Buy to close the CRM Mar Monthly (3/18) 180 Put for around $0.105 Sell to close the CRM Mar Monthly (3/18) 175 Put for around $0.0 Set initial…
Micron Technology (MU) is up more than 6% this morning, and the value of the put we sold has dropped to less than a nickel. Let’s close it now, booking an excellent profit in less than 24 hours. Current Stock Price: $78.01 Cash in Hand: $0.31 Action: Buy to close the MU Mar Monthly (3/18)…
Let’s book profits on our Lowe’s (LOW), Marriott International (MAR) and Nvidia (NVDA) positions. LOW Mar Monthly (3/18) 200/190 Put Spread Current Stock Price: $229.56 Cash in Hand: $0.38 Action: Buy to close the LOW Mar Monthly (3/18) 200 Put for around $0.08 Sell to close the LOW Mar Monthly (3/18) 190 Put for around…
While there is no Options Income Blueprint Live Trading Session today, I still want to put on a new position in a familiar stock that has been delivering a good deal of cash for us lately: Micron Technology (MU). Given market volatility, we are going silly put that is more than 10% out of the…
Our Kroger Co. (KR) put is on track to expire worthless, allowing us to book a small profit on the position. Our Walgreens Boots Alliance (WBA) shares are on track to be called away. I will recommend a put to sell soon to reduce our net debit on the position. KR Mar Week Two (3/11)…
I am recommending we close our Apple (AAPL) and Microsoft (MSFT) bull put spreads rather than risk holding through expiration. We’re closing AAPL at a loss and MSFT at a small profit. AAPL Mar Week Two (3/11) 155/150 Put Spread Current Stock Price: $157.16 Net Debit: $0.43 Action: Buy to close the AAPL Mar Week…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Lyft (LYFT) Mar Monthly (3/18) 33.50 Put for around $0.37. You can go as low as $0.32, but please don’t start there and always use limit orders. (Current stock price: $37.41) TRADE TWO*: Sell to open the Nvidia (NVDA)…
I am recommending we roll our Bank of America (BAC), Citigroup (C) and Pfizer (PFE) calls out two weeks to generate more income and reduce our cost basis on the positions. With PFE, we are moving to a higher strike price to capture more potential appreciation. BAC Mar Week Two (3/11) 41 Call Current Stock…
I am recommending we roll our VanEck Vectors Semiconductor ETF (SMH) and SPDR S&P Biotech ETF (XBI) calls out two weeks to generate cash and reduce our cost basis on the positions. SMH Jan 2023 (1/20/23) 250/Mar Week Two (3/11) 270 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250…
I am recommending we roll our Advanced Micro Devices (AMD), Ford (F), Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) calls to generate income and reduce our cost basis on the positions. AMD Mar Week Two (3/11) 110 Call Current Stock Price: $105.07 Cost Basis: $121.77 Action: Buy to close the AMD Mar Week Two (3/11)…
I am recommending we roll our General Motors (GM) call. The stock has been hit hard by general market weakness and concerns about nickel supply disruption impacting electric vehicle production. Let’s capture some of today’s bullish movement by rolling our call out one week and to a lower strike price. Current Stock Price: $42.34 Cost…
Let’s book fast profits on our NVIDIA (NVDA) bull put spread, earning 5% in two days, or 913% annualized. Current Stock Price: $230.71 Cash in Hand: $0.36 Action: Buy to close the NVDA Mar Monthly (3/18) 180 Put for around $0.37 Sell to open the NVDA Mar Monthly (3/18) 175 Put for around $0.26 Set…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Marriott International (MAR) Mar Monthly (3/18) 145 Put for around $1. You can go as low as $0.88, but please don’t start there and always use limit orders. (Current stock price: $160.99) TRADE TWO: Sell to open the Salesforce…
In this kind of market, you grab profits when you can. I am recommending we close our Marvell Technology (MRVL) and Micron Technology (MU) puts. MRVL shows the power of rolling in a difficult market, while MU has delivered an excellent profit in just over 24 hours. MRVL Mar Monthly (3/18) 67.50 Put Current Stock…
In this kind of market, you grab fast profits when you can. Let’s close our Lyft (LYFT) and Roku (ROKU) positions, taking money off the table and freeing up capital as we do so. LYFT Mar Monthly (3/18) 32.50 Put Current Stock Price: $39.21 Cash in Hand: $0.50 Action: Buy to close the LYFT Mar…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Roku (ROKU) Mar Week Two (3/11) 100 Put for around $0.50. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $115.27) TRADE TWO: Sell to open the NVIDIA…
Download Slides Below is the trade 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 trade by accepting less premium than the “go…
I am recommending calls to sell against our uncovered shares of Bank of America (BAC) and Citigroup (C) to reduce our cost basis on the positions. Note that these recommendations are only for people who already own shares of these stocks uncovered from previous positions. BAC Uncovered Shares Current Stock Price: $39.07 Cost Basis:…
I am recommending a call to sell against our uncovered Advanced Micro Devices (AMD) shares to reduce our cost basis on the position. Current Stock Price: $105.92 Cost Basis: $123.57 Action: Sell to open the AMD Mar Week Two (3/11) 110 Call for around $1.80, but adjust as needed to sell a call today New…
The protective put we purchased to hedge against a post-earnings sell-off in Best Buy (BBY) is on track to expire worthless. Shares popped following the announcement despite a revenue miss, but they are selling off today with the broader market. Note: No action is needed on the BBY Mar Monthly (3/18) 102 Call at this…
Bank stocks have been struggling, including Bank of America (BAC) and Citigroup (C). Let’s accept shares, and I will recommend calls to sell against them soon. BAC Mar Week One (3/4) 48 Put Current Stock Price: $40.71 Cash in Hand: $0.97 Action: Accept shares Cost Basis: $47.03 Potential Rate of Return: I am targeting breakeven…
Advanced Micro Devices (AMD) has bounced around for the past two weeks and our AMD Mar Week One (3/4) 132 Put remains deep in the money. I am recommending we accept shares rather than continue to roll it. We have a large amount of cash in hand, which will greatly reduce our cost basis on…
We closed our Kroger Co. (KR) put to avoid earnings risk. Shares rallied following an excellent report, so it’s time to re-enter the position by selling a put. Note that the spread between the bid and the ask is wide. Use a limit order and adjust it by a few cents as needed to enter…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Lyft (LYFT) Mar Monthly (3/18) 32.50 Put for around $0.50. You can go as low as $0.43, but please don’t start there and always use limit orders. (Current stock price: $37.32) TRADE TWO*: Sell to open the Microsoft (MSFT)…
I am recommending we roll our General Motors (GM) and Pfizer (PFE) calls out one week to generate more income and reduce our cost basis on the positions. GM Mar Week One (3/4) 50 Call Current Stock Price: $45.03 Cost Basis: $54.17 Action: Buy to close the GM Mar Week One (3/4) 50 Call for…
This is a take-the-money-and-run kind of market. We have a chance to exit our CVS Health (CVS), Starbucks (SBUX) and Zoom Video Communications (ZM) positions at a profit, and we’re going to do so. CVS Mar Week One (3/4) 105 Call Current Stock Price: $104.46 Cost Basis: $103.34 Action: Buy to close the CVS Mar…
I am recommending we roll our D.R. Horton (DHI), SPDR S&P Biotech ETF (XBI) and Yeti Holdings (YETI) calls. DHI Mar Week One (3/4) 85 Call Current Stock Price: $87.94 Cost Basis: $98.79 Action: Buy to close the DHI Mar Week One (3/4) 85 Call for around $3.35 Sell to open the DHI Mar Monthly…
Best Buy (BBY) is set to report earnings tomorrow. I am recommending we roll our call out two weeks and to a higher strike price to capture more potential appreciation. Let’s also spend some cash to buy a protective put in case shares sell off following the announcement. Current Stock Price: $100.61 Cost Basis: $100.53…
Marvell Technology (MRVL) is scheduled to report earnings tomorrow. I considered closing our put and re-entering after the announcement, but I have instead decided to roll out two weeks. We can pick up a good deal of cash, giving us flexibility in managing the position going forward. Current Stock Price: $67.73 Cash in Hand: $3.76…
I am recommending we roll our Ford (F), Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) calls out one week to generate more income and reduce our cost basis on the positions. F Mar Week One (3/4) 18 Call Current Stock Price: $17.85 Cost Basis: $23.67 Action: Buy to close the F…
Kroger Co. (KR) is expected to report earnings tomorrow, and I do not want to hold a position through the announcement. Therefore, I am recommending we buy back our put, incurring a net debit. I will recommend a put to sell once the earnings dust settles to reduce that net debit. Current Stock Price: $49.05…
Micron Technology (MU) is running up today. Let’s close our put now, booking an excellent short-term profit. If you entered a good ‘til canceled (GTC) order to close at $0.15, it should have triggered. If it has not, please exit now. Current Stock Price: $91.59 Cash in Hand: $0.70 Action: Buy to close the MU…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Teladoc Health (TDOC) Mar Monthly (3/18) 60 Put for around $1.21. You can go as low as $1, but please don’t start there and always use limit orders. (Current stock price: $72.24) TRADE TWO*: Sell to open the Lowe’s…
We exited our Apple (AAPL) spread to avoid potential assignment, although shares did end up closing above our short strike. I am recommending a new spread to reduce our net debit on the position. However, you can enter the trade even if you were not in the previous one. I am also recommending a call…
I am recommending we book profits on our Microsoft (MSFT) spread rather than risk holding through expiration. Current Stock Price: $294.59 Cash in Hand: $0.41 Action: Buy to close the MSFT Mar Week One (3/4) 265 Put for around $0.12 Sell to close the MSFT Mar Week One (3/4) 260 Put for around $0.06 Set…
First Solar (FSLR) sold off sharply following the company’s earnings report. Although earnings were well above expectations, revenue was a bit light and management’s forecast of $2.4 billion to $2.6 billion in revenue for 2022 was below analyst estimates for $2.76 billion. This outcome is precisely why we bought a protective put yesterday. That put…
First Solar (FSLR) is set to report earnings after the close. I am recommending we roll our call out two weeks and to a higher strike price to capture more potential appreciation. Let’s also spend some cash to buy a protective put in case shares sell off following the announcement. Current Stock Price: $76.02 Cost…
Download Slides Below is the trade 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 trade by accepting less premium than the “go…
Let’s book profits on The New York Times Company (NYT). Current Stock Price: $44.45 Cash in Hand: $0.90 Action: Buy to close the NYT Mar Monthly (3/18) 40 Put for around $0.25, but adjust as needed to close today Profit: $0.65, or $65 per contract
Target (TGT) delivered an excellent earnings report and strong outlook, causing shares to pop more than 10%. I am recommending we roll the short leg of our LEAP call spread to capture more potential appreciation. Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time. Current Stock Price: $222.50…
I am recommending we book profits on Lyft (LYFT) and roll our Starbucks (SBUX) put to avoid assignment and generate more income. The short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread is on track to expire worthless. I will recommend a new call soon. LYFT Feb Week Four (2/25) 37 Put…
Let’s book profits on our Kroger (KR) and The Trade Desk (TTD) puts rather than risk shares reversing. KR Feb Week Four (2/25) 45 Put Current Stock Price: $45.45 Cash in Hand: $0.50 Action: Buy to close the KR Feb Week Four (2/25) 45 Put Current Stock Price: $0.12-$0.14 Recommended Limit: Set your initial limit…
I am recommending we close our Apple (AAPL) bull put spread at a loss. However, track your net debit, as I will be recommending a new spread soon to continue the position. And let’s book a profit on our Walt Disney (DIS) spread rather than risk holding through expiration. AAPL Feb Week Four (2/25) 162.50/157.50…
I am recommending we sell calls against our uncovered shares of Crocs (CROX) and CVS Health (CVS) to reduce our cost basis on the positions. CROX Uncovered Shares Current Stock Price: $82.24 Cost Basis: $144.75 Action: Sell to open the CROX Mar Monthly (3/18) 90 Call for around $2.55, but adjust as needed to sell…
I am recommending we sell calls against our uncovered shares of Pfizer (PFE), Sunrun (RUN) and Squarespace (SQSP) to reduce our cost basis on the positions. For a deeper dive on RUN and SQSP, watch the latest Options Income Blueprint Weekly Income Report. PFE Uncovered Shares Current Stock Price: $47.32 Cost Basis: $56.93 Action: Sell…
I am recommending we sell calls against our uncovered shares of Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) to reduce our cost basis on the positions. PFE Uncovered Shares Current Stock Price: $47.29 Cost Basis: $52.67 Action: Sell to open the PFE Mar Week One (3/4) 49 Call for around $0.37,…
I am recommending we roll our Ford Motor (F) call out one week to generate more income and reduce our cost basis. Current Stock Price: $17.33 Cost Basis: $23.88 Action: Buy to close the F Feb Week Four (2/25) 18 Call for around $0.10 Sell to open the F Mar Week One (3/4) 18 Call…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The New York Times Company (NYT) Mar Monthly (3/18) 40 Put for around $0.90. You can go as low as $0.65, but please don’t start there and always use limit orders. (Current stock price: $41.24) TRADE TWO*: Sell to…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Lyft (LYFT) Feb Week Four (2/25) 37 Put for around $0.38. You can go as low as $0.31, but please don’t start there and always use limit orders. (Current stock price: $39.24) TRADE TWO*: Sell to open Microsoft (MSFT)…
Download Slides Below is the trade 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 trade by accepting less premium than the “go…
I am recommending we accept shares of Pfizer (PFE) rather than continuing to roll. I will recommend a call to sell soon to reduce our cost basis on the position. Our Sunrun (RUN) and Squarespace (SQSP) calls are on track to expire worthless. Both stocks sold off sharply this week, especially SQSP, which investors dumped…
I am recommending we roll our Ford (F) call out one week to generate more income and reduce our cost basis on the position. Current Stock Price: $18.13 Cost Basis: $24.21 Action: Buy to close the F Feb Monthly (2/18) 18 Call for around $0.28 Sell to open the F Feb Week Four (2/25) 18…
Our Crocs (CROX) and CVS Health (CVS) calls are on track to expire worthless. We will sell more calls against our shares soon. CROX Feb Monthly (2/18) 115 Call Current Stock Price: $79.55 Cost Basis: $144.75 Action: Watch call expire worthless CVS Feb Monthly (2/18) 107 Call Current Stock Price: $102.32 Cost Basis: $104.23 Action:…
I am recommending we accept shares of Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM) and Walgreens Boots Alliance (WBA) rather than continue to roll. I will recommend calls to sell soon to reduce our cost basis on the positions. PFE Feb Monthly (2/18) 55.50 Put Current Stock Price: $49.18 Cash in Hand: $2.83 Action: Accept shares…
I am recommending we roll our Bank of America (BAC) put out two weeks to buy time and generate more income. Current Stock Price: $46.20 Cash in Hand: $0.42 Action: Buy to close the BAC Feb Monthly (2/18) 48 Put for around $1.85 Sell to open the BAC Mar Week One (3/4) 48 Put for…
I am recommending we close our Microsoft (MSFT) bull put spread rather than risk having to roll it. Our Zoom Video Communications (ZM) spread is on track to expire worthless, allowing us to book the maximum profit. MSFT Feb Monthly (2/18) 285/280 Put Spread Current Stock Price: $290 Cash in Hand: $0.37 Action: Buy to…
I am recommending we roll our Citigroup (C), General Motors (GM) and Marvell Technology (MRVL) positions out two weeks. The market continues to bounce around, and rolling out to March 4 allows us to capture more premium in these core stocks. Note that Marvell is scheduled to report earnings on March 3. We will be…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) and Yeti Holdings (YETI) calls out two weeks to generate more income and reduce our cost basis on the positions. XBI Feb Monthly (2/18) 97 Call Current Stock Price: $92.23 Cost Basis: $106.98 Action: Buy to close the XBI Feb Monthly (2/18) 97 Call…
I am recommending we roll our Best Buy (BBY), D.R. Horton (DHI) and First Solar (FSLR) calls out two weeks to generate more income and reduce our cost basis on the positions. BBY Feb Monthly (2/18) 101 Call Current Stock Price: $99.59 Cost Basis: $105.26 Action: Buy to close the BBY Feb Monthly (2/18) 101…
I am recommending we roll our Advanced Micro Devices (AMD) and Kroger Co. (KR) puts out two weeks to buy time and generate more income. If you have been assigned shares on either of these positions and would like guidance on selling calls, please email me at [email protected], or at my private email address if…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread. Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time. Current Stock Price: $205.99 Cost Basis: $56.08 Action: Buy to close the TGT Feb Monthly (2/18) 220 Call for around $0.04 Sell to…
Let’s book profits on our Lyft (LYFT) and Sonos (SONO) positions. While the rates of return are smaller than we typically target, I want to remain nimble in this market environment, and that means taking profits off the table. LYFT Feb Monthly (2/18) 41 Put Current Stock Price: $43.75 Cash in Hand: $0.42 Action: Buy…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Starbucks (SBUX) Feb Week Four (2/25) 92 Put for around $0.82. You can go as low as $0.74, but please don’t start there and always use limit orders. (Current stock price: $94.28) TRADE TWO*: Sell to open Capital One…
I am recommending we close our SPDR S&P Retail ETF (XRT) put. Current Stock Price: $80.80 Cash in Hand: $0.69 Action: Buy to close the XRT Feb Monthly (2/18) 77 Put for around $0.29, but adjust as needed to close today Profit: $0.40, or $40 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Lyft (LYFT) Feb Monthly (2/18) 41 Put for around $0.42. You can go as low as $0.37, but please don’t start there and always use limit orders. (Current stock price: $42.58) TRADE TWO*: Sell to open Apple (AAPL) Feb…
Download Slides 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…
We were assigned shares of Ford (F) last week. Let’s sell a call to reduce our cost basis on the position. Current Stock Price: $17.85 Cost Basis: $24.46 Action: Sell to open the F Feb Monthly (2/18) 18 Call for around $0.25, but adjust as needed to sell a call today New Cost Basis: $24.21
I am recommending a call to sell against our uncovered shares of First Solar (FSLR) to reduce our cost basis on the position. Current Stock Price: $71 Cost Basis: $97.59 Action: Sell to open the FSLR Feb Monthly (2/18) 72.50 Call for around $0.91, but adjust as needed to sell a call today New Cost…
We were assigned shares of General Motors (GM) last week, and it’s time to sell a call to reduce our cost basis on the position. GM is a core stock that we will trade with great frequency. Therefore, if you were not in the previous trade but would like to enter one today, you can…
Let’s book profits on our Walt Disney (DIS) put. Note: No action is needed on the DIS Feb Week Four (2/25) 143/138 Put Spread at this time. Current Stock Price: $154.24 Cash in Hand: $1.24 Action: Buy to close the DIS Feb Monthly (2/18) 149 Put for around $0.48, but adjust as needed to close…
Our First Solar (FSLR) Feb Week Two (2/11) 78 Call is on track to expire worthless. We will sell another call soon to reduce our cost basis on the position. Current Stock Price: $71.57 Cost Basis: $97.59 Action: Watch call expire worthless
Our Ford (F) Feb Week Two (2/11) 25 Put is deep in the money and the math of rolling no longer makes sense. Therefore, I am recommending we accept shares and will sell calls against them to generate income. Current Stock Price: $18.27 Cash in Hand: $0.54 Action: Accept shares Cost Basis: $24.46
Our General Motors (GM) Feb Week Two (2/11) 57.50 Put is deep in the money and the math of rolling no longer makes sense. Therefore, I am recommending we accept shares and will sell calls against them to generate income. I remain bullish on this core stock and believe it will bounce back. In the…
Given the way the market is trading, I am recommending we close our Apple (AAPL) and Lyft (LYFT) puts now. I also want to book profits on our New York Times Company (NYT) position. AAPL Feb Week Two (2/11) 172.50 Put Current Stock Price: $172.96 Cash in Hand: $1.11 Action: Buy to close the AAPL…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Sonos (SONO) Feb Monthly (2/18) 27 Put for around $0.33. You can go as low as $0.24, but please don’t start there and always use limit orders. (Current stock price: $29.20) TRADE TWO*: Sell to open Walt Disney (DIS)…
I am recommending we roll our Best Buy (BBY), D.R. Horton (DHI), SPDR S&P Biotech ETF (XBI) and Yeti Holdings (YETI) calls. BBY Feb Week Two (2/11) 100 Call Current Stock Price: $101.51 Cost Basis: $105.61 Action: Buy to close the BBY Feb Week Two (2/11) 100 Call for around $2.06 Sell to open the…
I am recommending we roll our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) puts to buy time. If you have been assigned shares on any of these positions and would like guidance on selling calls, please email me at [email protected], or at my private email address if you are in the Income Masters…
I am recommending we roll our Kroger Co. (KR), Pfizer (PFE) and Walgreens Boots Alliance (WBA) puts out one week to buy time. If you have been assigned shares on any of these positions and would like guidance on selling calls, please email me at [email protected], or at my private email address if you are…
I am recommending we roll our Citigroup (C) put out one week to buy time and generate more income. If you are not currently in the trade and would like to enter today, you can sell the second leg. Just be aware that we will be tracking and managing it based on the ongoing position.…
Let’s book profits on Marvell Technology (MRVL), a very successful rolled position. Current Stock Price: $77.47 Cash in Hand: $2.65 Action: Buy to close the MRVL Feb Week Two (2/11) 76 Put Current Option Price: $0.64-$0.68 Recommended Limit: Set your initial limit order at $0.66, but adjust as needed to close today Profit: $1.99, or $199…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Buy 100 shares of CVS Health (CVS) at market ($105.14) and sell to open the CVS Feb Monthly (2/18) 107 Call for around $0.91. (Cost basis: $104.23) TRADE TWO: Sell to open Lyft (LYFT) Feb Week Two (2/11) 41 Put for around…
First Solar (FSLR) popped today. Let’s book fast profits on our put position, earning an excellent annualized rate of return. Current Stock Price: $73.84 Cash in Hand: $0.56 Action: Buy to close the FSLR Feb Week Two (2/11) 67 Put Current Option Price: $0.06-$0.07 Recommended Limit: Set your initial limit order at $0.07, but adjust…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Feb Week Two (2/11) 280 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $284.11 Cost Basis: $66.75…
I am recommending we book profits on our Apple (AAPL), JPMorgan Chase (JPM) and PayPal (PYPL) bull put spreads. This is not the kind of market where you want to look a gift horse in the mouth. AAPL Feb Monthly (2/18) 162.50/157.50 Put Spread Note: No action is needed on the AAPL Feb Week Two…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Feb Week Two (2/11) 172.50 Put for around $1.11. You can go as low as $1.03, but please don’t start there and always use limit orders. (Current stock price: $174.07) TRADE TWO: Sell to open SPDR S&P…
Download Slides 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…
My original plan was to hold our Micron Technology (MU) put into next week and potentially roll to a higher strike to generate more cash. However, given market volatility and today’s spike in the stock, due in part to the collapse of Nvidia’s (NVDA) deal to purchase Arm, I think it’s best to pocket profits…
I am recommending we roll our Advanced Micro Devices (AMD), Ford (F) and Taiwan Semiconductor Manufacturing (TSM) puts to buy time. Note that Ford is scheduled to announce earnings after the close today and we are holding through the announcement. If you have been assigned shares on any of these positions and would like guidance…
Let’s book profits on our Apple (AAPL), JPMorgan Chase (JPM) and Starbucks (SBUX) puts. The profit on SBUX is tiny, but given market conditions and how much capital we have at work, I want to close it now rather than risk having to roll the position. AAPL Feb Week One (2/4) 172.50 Put Note: No…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open The New York Times Company (NYT) Feb Monthly (2/18) 40 Put for around $0.70. You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $41.35) TRADE TWO*: Sell to…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Feb Week One (2/4) 275 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $278.56 Cost Basis: $66.90…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR) and SPDR S&P Biotech ETF (XBI) calls to generate more income and reduce our cost basis on the positions. BBY Feb Week One (2/4) 100 Call Current Stock Price: $98.97 Cost Basis: $106.80 Action: Buy to close the BBY Feb Week One (2/4)…
I am recommending we roll our Kroger Co. (KR), Pfizer (PFE) and Walgreens Boots Alliance (WBA) puts out one week to buy time and generate more income. Pfizer is expected to report earnings next week. Currently, the plan is to hold through the announcement. However, depending on market conditions, there’s a chance we will temporarily…
We have four put trades expiring this week on our core stocks: Citigroup (C), General Motors (GM), Marvell Technology (MRVL) and Pfizer (PFE). I am recommending we roll them again rather than accept shares. This will buy us more time as we continue to generate income. Pfizer is expected to report earnings next week. Currently,…
Our Kroger Co. (KR) trade has worked out exactly as hoped. Let’s book profits now. Current Stock Price: $44.08 Cash in Hand: $0.42 Action: Buy to close the KR Feb Week One (2/4) 43 Put Current Option Price: $0.12-$0.15 Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to close today…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Starbucks (SBUX) Feb Week One (2/4) 96 Put for around $0.64. You can go as low as $0.58, but please don’t start there and always use limit orders. (Current stock price: $98.02) TRADE TWO*: Sell to open the D.R.…
I am recommending we roll our calls on Crocs (CROX) and Yeti Holdings (YETI). With CROX, we are rolling to a much lower strike to generate income. And with YETI, we are rolling out one week and to a higher strike to capture more potential appreciation. Both companies are scheduled to report earnings later this…
Below are the trades from today’s Income Masters Live Trading Session. Note that we do not recommend doubling up on the same stock. Choose the strategy that best suits your goals and risk tolerance. And if you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering a spread trade.…
Download Slides 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…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Jan Week Four (1/28) 300 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $251.40 Cost Basis: $67.58…
Salesforce (CRM) has been hit hard. Given the uncertainty in the market, and the tech sector in particular, I am recommending we close the position at a loss rather than attempting to roll. Spreads are wide, so work your limit order to exit as soon as possible. Current Stock Price: $211.42 Cash in Hand: $0.37…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR), SPDR S&P Biotech ETF (XBI) and Yeti Holdings (YETI) calls to generate more income and reduce our cost basis on the positions. BBY Jan Week Four (1/28) 102 Call Current Stock Price: $96.26 Cost Basis: $108.08 Action: Buy to close the BBY Jan…
I am recommending we sell calls on our uncovered shares of Sunrun (RUN) and Squarespace (SQSP). I am choosing strikes that are considerably out of the money in case the market continues to reverse higher. Note that these trades are only for members who already own shares of RUN and/or SQSP uncovered from a previous…
The Federal Reserve has spoken. It plans to begin raising interest rates in March, which is also when it plans to wrap up its bond purchases. Stocks are rebounding today after turning sharply lower following the announcement, erasing Wednesday’s early gains. That’s not to say the market has put in a bottom. We still have…
The chip sector has been hit hard over the past two weeks, and our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) puts are deep in the money. Both companies are in great shape, and both stocks are oversold are undervalued. So, we will be sticking with them, aggressively selling options to work our…
The Federal Reserve has spoken. It plans to begin raising interest rates in March, which is also when it plans to wrap up its bond purchases. Stocks are rebounding today after turning sharply lower following the announcement, erasing Wednesday’s early gains. That’s not to say the market has put in a bottom. We still have…
The chip sector has been hit hard over the past two weeks, and our Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing (TSM) puts are deep in the money. Both companies are in great shape, and both stocks are oversold are undervalued. So, we will be sticking with them, aggressively selling options to work our…
Given recent market action, I am recommending we close our Bank of America (BAC) put. Current Stock Price: $46.53 Cash in Hand: $0.56 Action: Buy to close the BAC Jan Week Four (1/28) 46 Put for around $0.29, but adjust as needed to close today Profit: $0.27, or $27 per contract
Given recent market action, I am recommending we close our JPMorgan Chase (JPM) put. Currently, you can get out with a small profit, but adjust your limit order as needed to exit the position as soon as possible. Current Stock Price: $148.88 Cash in Hand: $0.72 Action: Buy to close the JPM Jan Week Four…
The market has been unkind to Sunrun (RUN) and Squarespace (SQSP) since we entered the positions in mid-November. Both are solid companies with unique business models, though admittedly more speculative than the typical Options Income Blueprint stock. Sunrun was caught up in a sector-wide sell-off caused by a number of factors. First was legislation in…
I am recommending we roll our Marvell Technology (MRVL) put out one week to buy some time and generate more income. The spreads between the bid and the ask are wide, so work your limit orders if necessary. Current Stock Price: $73.23 Cash in Hand: $0.61 Action: Buy to close the MRVL Jan Monthly (1/21)…
Our D.R. Horton (DHI) put and Danaher (DHR) bull put spread have not worked out, as both stocks sold off sharply over the past two weeks. With DHI, I am recommending we accept shares rather than attempt to roll the put. I expect we can get back to breakeven or profitability much faster by selling…
Our FedEx (FDX) and Zoom Video Communications (ZM) spreads are currently on track to expire worthless tomorrow. While we would typically sit back and watch them do so, the market has been anything but calm this past week. Let’s play it safe by booking profits now. FDX Jan Monthly (1/21) 245/240 Put Spread Current Stock…
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Positions I am recommending we close our SPDR S&P Regional Banking ETF (KRE) put and Microsoft (MSFT) bull put spread. KRE Jan Monthly (1/21) 76 Put Current Stock Price: $75.10 Cash in Hand: $0.46 Action: Buy to close the KRE Jan…
I am recommending we roll our Citigroup (C) and General Motors (GM) puts to generate more income from these core Options Income Blueprint stocks. The premiums are excellent right now, and the income we generate will reduce our net debit on the Citigroup position and push our potential annualized return for GM close to 70%…
Our Taiwan Semiconductor Manufacturing (TSM) put is deep in the money, but the stock is bouncing back a bit today. I am recommending we roll out one week rather than accept assignment. In addition to buying ourselves some time, we will pick up additional income. Current Stock Price: $132.47 Cash in Hand: $1.97 Action: Buy…
I am recommending we roll our Advanced Micro Devices (AMD), Ford (F) and Pfizer (PFE) puts out one week to avoid assignment. In addition to buying ourselves some time, we will be picking up additional income. AMD Jan Monthly (1/21) 132 Put Current Stock Price: $127.50 Cash in Hand: $2.25 Action: Buy to close the…
Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Position I am recommending we book a small profit on our The Trade Desk (TTD) put. Current Stock Price: $70.44 Cash in Hand: $0.56 Action: Buy to close the TTD Jan Monthly (1/21) 66 Put for around $0.49, but adjust as…
We have a net debit on JPMorgan Chase (JPM) after our shares were called away. I am recommending a put to sell. The income we generate will flip our net debit to cash in hand. You can enter today’s trade even if you were not in the previous one. Just be aware that we will…
I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Jan Monthly (1/21) 310 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $288.30 Cost Basis: $69.90 Action:…
I am recommending we roll our Best Buy (BBY), Crocs (CROX), First Solar (FSLR) and Yeti Holdings (YETI) calls to generate more income and reduce our cost basis on the positions. BBY Jan Monthly (1/21) 102 Call Current Stock Price: $98.88 Cost Basis: $108.93 Action: Buy to close the BBY Jan Monthly (1/21) 102 Call…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Jan Monthly (1/21) 66 Put for around $0.56. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $71.84) TRADE TWO: Sell to open the…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work your limit orders but exercise patience and…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Jan Monthly (1/21) 132 Put for around $2.25. You can go as low as $2.08, but please don’t start there and always use limit orders. (Current stock price: $135.84) TRADE TWO*: Sell to open…
I am recommending we roll our Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) puts. With PFE, we are avoiding assignment and buying time for shares to move higher while also generating additional income Out TSM put is on track to expire worthless. However, I anticipate more money rotating into chip stocks, and we can pick…
SPDR S&P Biotech ETF (XBI) is falling as the risk-off trade persists. Our XBI Jan Week Two (1/14) 105 Call is on track to expire worthless. We will simply watch it do so and sell another call soon to reduce our cost basis on the position. Current Stock Price: $96.84 Cost Basis: $109.58 Action: Watch…
We allowed our shares of Citigroup (C) to be called away last week, incurring a net debit on the position. The goal was to avoid this week’s earnings announcement and, therefore, any unnecessary risk. The bank reported better-than-expected earnings this morning, yet shares are down about 2%. We can capitalize on the post-earnings volatility by…
Pfizer (PFE) managed to poke its head above $57 this week but has since traded back down to the $55 level. Rather than accept shares, I am recommending we roll our put out two weeks to buy some more time for the stock to move higher. If you are not currently in the PFE position…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Jan Week Two (1/14) 138 Put for around $0.43. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $141.86) TRADE TWO: Sell to…
General Motors (GM) is up nearly 3% today. Let’s book fast profits on our put position. Current Stock Price: $62.83 Cash in Hand: $0.43 Action: Buy to close the GM Jan Week Two (1/14) 59 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close…
Taiwan Semiconductor Manufacturing (TSM) reported blowout earnings and the entire chip sector is feeling the love. I am recommending we book a profit on our Applied Materials (AMAT) spread. And let’s roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to a higher strike to capture more potential appreciation. AMAT…
Let’s book fast profits on our General Motors (GM) and Micron Technology (MU) puts, freeing up capital for new trades. GM Jan Week Two (1/14) 60 Put Current Stock Price: $62.35 Cash in Hand: $0.51 Action: Buy to close the GM Jan Week Two (1/14) 60 Put for around $0.08, but adjust as needed to…
Marvell Technology (MRVL) is pulling back a bit after a nice run-up earlier this week, but we’re still sitting on a great profit. Given MRVL’s trading action and the fact that rival Taiwan Semiconductor Manufacturing (TSM) is scheduled to report earnings tomorrow, it makes sense to lock it in now. Current Stock Price: $85.21 Cash…
Let’s book profits on Taiwan Semiconductor Manufacturing (TSM) ahead of tomorrow’s earnings report. Current Stock Price: $131.97 Cash in Hand: $3.14 Action: Buy to close the TSM Jan Week Two (1/14) 130 Put for around $2.37, but adjust as needed to close today Profit: $0.77, or $77 per contract
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Micron Technology (MU) Jan Week Two (1/14) 93 Put for around $0.52. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $94.88) TRADE TWO: Sell to open…
I am recommending a call to sell against our uncovered SPDR S&P Biotech ETF (XBI) shares. The income we generate will reduce our cost basis on the position. Current Stock Price: $102.52 Cost Basis: $110.28 Action: Sell to open the XBI Jan Week Two (1/14) 105 Call for around $0.70, but adjust as needed to…
Let’s book profits on Ford (F). Current Stock Price: $24.52 Cash in Hand: $0.57 Action: Buy to close the F Jan Week Two (1/14) 23.50 Put for around $0.08, but adjust as needed to close today Profit: $0.49, or $49 per contract
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work your limit orders but exercise patience and…
Let’s book profits on our Kroger Co. (KR) position. Current Stock Price: $49.15 Cash in Hand: $0.47 Action: Buy to close the KR Jan Week Two (1/14) 45 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today Profit: $0.42, or $42 per contract…
