I am recommending we roll our Apple (AAPL) and Moderna (MRNA) calls out two weeks and to lower strike prices to generate more income and reduce our cost basis on the positions. AAPL Sep Week Five (9/30) 160 Call Current Stock Price: $148.76 Cost Basis: $160.06 Action: Buy to close the AAPL Sep Week Five…
I am recommending we roll our First Solar (FSLR) and Mosaic (MOS) puts out two weeks to buy ourselves some time for the underlying stocks to move higher and to generate more income. Note that with today’s roll, we are flipping our net debit in FSLR to cash in hand. We will look to exit…
I am recommending we roll our Walt Disney (DIS) and Kroger Co. (KR) calls out one week and to lower strike prices to generate more income and reduce our cost basis on the positions. DIS Sep Week Five (9/30) 115 Call Current Stock Price: $98.84 Cost Basis: $131.72 Action: Buy to close the DIS Sep…
Walgreens Boots Alliance (WBA) has continued to sell off with the broader market as investors attempt to determine the impact of higher interest rates. I am recommending a call to sell on our uncovered shares to reduce our cost basis on the position. Current Stock Price: $32.95 Cost Basis: $43.88 Action: Sell to open the…
I am recommending we roll our Citigroup (C) call out two weeks and to a lower strike price to generate more income and reduce our cost basis on the position. Note that the bank is scheduled to report earnings on Oct. 14, which is the new call’s expiration date. Depending on how the market is…
I am recommending we roll our Pfizer (PFE) call out two weeks and to a lower strike price to generate more income and reduce our cost basis on the position. Current Stock Price: $44.70 Current Cost Basis: $50.19 Action: Buy to close the PFE Sep Week Five (9/30) 47 Call for around $0.02 Sell to…
I am recommending we roll our Pfizer (PFE) call out two weeks and to a lower strike price to generate more income and reduce our cost basis on the position. Current Stock Price: $44.70 Current Cost Basis: $55.49 Action: Buy to close the PFE Sep Week Five (9/30) 47 Call for around $0.02 Sell to…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Block (SQ) Sep Week Five (9/30) 53 Put for…
I am recommending we roll our Marvell Technology (MRVL) and Charles Schwab (SCHW) puts out two weeks to buy ourselves some time for the underlying stocks to move higher and to generate more income. With core stock MRVL, you can enter the second leg of today’s trade even if you were not in the previous…
Let’s keep the profits rolling in by closing our Microsoft (MSFT) spread and Starbucks (SBUX) put. We’ll put the capital to good use in today’s Income Madness Live Trading Session at noon Eastern. MSFT Sep Week Five (9/30) 220/215 Put Spread Current Stock Price: $238.22 Cash in Hand: $0.30 Action: Buy to close the MSFT…
