Advance Auto Parts (AAP) is up more than 2% today, and the premium on the put we sold has fallen below our target exit price. Let’s book profits now and free up more cash for Income Madness. Current Stock Price: $72.81 Cash in Hand: $0.65 Action: Buy to close the AAP 18 Aug 68 Put…
Walt Disney (DIS) is up today following the release of the company’s fiscal third-quarter results. While revenues missed estimates and Disney+ subscribers fell for the second quarter in a row, streaming losses are shrinking. The company announced it will be hiking prices for Disney+ and cracking down on password sharing. While these moves should lead…
Our Marvell Technology (MRVL) put is well in the money. With the company scheduled to report earnings on Aug. 24, let’s roll our put out four weeks and to a lower strike. Current Stock Price: $60.43 Net Debit: $9.14 Action: Buy to close the MRVL 11 Aug 64 Put Sell to open the MRVL 8…
Well, that was quick! ProShares Ultra Bloomberg Natural Gas (BOIL), the 2x leveraged fund that tracks the return of a futures-based natural gas index on a daily basis, is up more than 10% this morning. This has caused the premium on the put we sold to fall below our target exit price. Let’s close it…
The premium on the long-term Cheniere Energy (LNG) put we sold has fallen to our target exit price. Let’s close it now, booking more than 70% of the max profit and freeing up capital for Income Madness, which starts tomorrow. The liquefied natural gas exporter recently reported better-than-expected second-quarter earnings and raised its full-year profit…
Below are the trades we recommended in today’s Options Income Weekly Live Trading Session. Note that option prices may have moved since the Live Trading…
While the premium on the Alphabet (GOOGL) put we sold is above our target closeout price of $0.20, we can currently book 50% of our max profit on the trade. Let’s do so and free up capital for Income Madness, which kicks off on Thursday. Current Stock Price: $131.34 Cash in Hand: $0.80 Action: Buy…
ProShares Ultra Bloomberg Natural Gas (BOIL), the 2x leveraged fund that tracks the return of a futures-based natural gas index on a daily basis, is up sharply this morning. This caused the premium on the put we sold to drop below our target exit price. Let’s book profits now. Current Stock Price: $64.39 Cash in…
Let’s book fast profits on our Exxon Mobil (XOM) put, earning a 0.3% return in one day, or 124% annualized. Current Stock Price: $108.95 Cash in Hand: $0.72 Action: Buy to close the XOM 18 Aug 103 Put for around $0.37, but adjust as needed to close today Profit: $0.35, or $35 per contract
