Starbucks (SBUX) has run up this week. Let’s book a hefty profit now. Current Stock Price: $114.54 Cash in Hand: $2.32 Action: Buy to close the SBUX Oct Week Four (10/22) 114 Put for around $0.52, but adjust as needed to close today Profit: $1.80, or $180 per contract
Target (TGT) has spiked, so I am recommending we roll our short call to a higher strike to avoid being called out and to capture more potential appreciation. Note that no action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time. Current Stock Price: $252.70 Cost Basis: $55.17 Action: Buy to…
With the steady gains in the market this week, we can book profits on our Bank of America (BAC), JPMorgan Chase (JPM) and Roku (ROKU)…
While I am not holding a Live Trading Session today, I am recommending new trades on two stocks we trade frequently in Options Income Blueprint. Both companies delivered excellent earnings reports last week. And I am recommending we sell in-the-money puts to collect extremely large premiums. This will give us flexibility to roll or close…
While I am not holding a Live Trading Session today, I am recommending two new trades TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Oct Week Four (10/22) 114 Put for around $1.05. You can go as low as $0.89, but please don’t start there and always use limit orders. (Current stock price:…
Our Danaher (DHR), Microsoft (MSFT) and Square (SQ) bull put spreads are on track to expire worthless, allowing us to book the maximum profit on each.…
We are doing something we’ve never done before in Income Madness. We are putting on new positions after we have concluded our live sessions. The…
We are currently on track to have our Corning (GLW) shares called away at a loss. I am recommending we do so and move on. The stock has been difficult to trade lately, and the company is scheduled to report earnings this month. I am also recommending we roll our KB Home (KBH) call to…
I am recommending we close our Gilead Sciences (GILD) put with a tidy profit. And let’s roll our Micron Technology (MU) put out two weeks. I anticipate the stock bouncing back toward our strike price. GILD Oct Monthly (10/15) 67.50 Put Current Stock Price: $68.25 Cash in Hand: $0.44 Action: Buy to close the GILD…
Our Apple (AAPL), Moderna (MRNA), Peloton Interactive (PTON) and Williams-Sonoma (WSM) bull put spreads are on track to expire worthless. We will continue selling spreads on PTON and MRNA to reduce our net debits on the positions. And we will book the maximum profit on AAPL and WSM. AAPL Oct Monthly (10/15) 135/130 Put Spread…
