Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Mar Week One (3/5) 130 Call Apple (AAPL) has been hit hard by the tech sell-off. Our call is well out of the money and we may roll it down next week if the sector does not rebound. Current…
Our Pfizer (PFE) Feb Week Four (2/26) 35 Call is on track to expire worthless. I will recommend a new call to sell against shares soon. The stock’s inability to move higher is frustrating, to say the least. But shares are grossly undervalued, and I plan to trade PFE for an extended period of time.…
We have positions in Bank of America (BAC), D.R. Horton (DHI), QuantumScape (QS) and SPDR S&P Biotech ETF (XBI) expiring today. Let’s close BAC now to book profits. I am recommending we roll our DHI and XBI puts out one week to buy time for the underlying securities to move higher. Finally, our QS put…
We have positions in Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM) and Twitter (TWTR) expiring today. I am recommending we close the MU buy-write to lock in profits. And our TWTR put is on track to expire worthless, allowing us to book the maximum profit. TSM has been hit hard in the past two weeks.…
Both Lululemon Athletica (LULU) and Peloton Interactive (PTON) have been hit hard in the past two weeks. I am recommending we roll our spreads down and out to the March monthly expiration. LULU Feb Week Four (2/26) 310/300 Put Spread Current Stock Price: $306.42 Net Debit: $4.54 Action: Buy to close the LULU Feb Week…
The tech sell-off clobbered our Apple (AAPL) and Marvell Technology Group (MRVL) positions. I am recommending we accept shares rather than attempt to roll the puts. Next week, I will recommend calls to sell against the shares to reduce our cost basis on the positions. While I am currently targeting breakeven, that could change if…
Let’s roll our S&P 500 (SPX) put to a lower strike to pocket some cash while keeping our hedge in place. No action is needed on the SPX Mar Monthly (3/19) 3300/3250 Put Spread at this time. If you are not currently in a hedged position and want to initiate one today, you can buy…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Mar Week One (3/5) 37.50 Put for around $0.62. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $37.86) TRADE TWO: Sell to open the…
I am recommending we roll our expiring Apple (AAPL), Advanced Micro Devices (AMD) and CVS Health (CVS) calls. AAPL Jan Monthly (1/21/22) 100/Feb Week Four (2/26) 134 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $123.93 Cost Basis: $39.39 Action: Buy to…
Both QuantumScape (QS) and Twitter (TWTR) are sharply higher today. I am recommending we roll our QS put to a higher strike to bring in more cash. And we are rolling our TWTR call up and out one week to generate more income and capture more potential appreciation. QS Mar Week One (3/5) 45 Put…
