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…
