Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week One (8/6) 95 Put for around $1.63. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $96.66) TRADE TWO: Sell to…
We were assigned shares of General Motors (GM) last week. The company is scheduled to report earnings next week, and I have decided we should hold a position through the announcement. Therefore, I am recommending a call to sell against our uncovered shares to generate income and reduce our cost basis. Note that this trade…
As I mentioned in this week’s Live Trading Session, I was hoping to put on a post-earnings trade in Pfizer (PFE). The stock is up more than 2% today following the release of the company’s report, with revenue and earnings exceeding analyst expectations. Management said its COVID-19 vaccine helped to almost double overall sales in…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Our Chewy (CHWY) put expired worthless last week, so I am recommending another one today. Apple (AAPL) is scheduled to report earnings today after the close. I will recommend a put to sell once we see how traders react. I am waiting for a bounce in General Motors (GM) before selling a call on our…
Pfizer (PFE) is continuing its move higher today. With the company set to report earnings on Wednesday, I am recommending we book profits on the position. We may trade PFE again following the announcement. Current Stock Price: $41.82 Cash in Hand: $0.97 Action: Buy to close the PFE Jul Week Five (7/30) 39.50 Put Current…
Let’s book profits on our Best Buy (BBY) put. Current Stock Price: $115.38 Cash in Hand: $1.78 Action: Buy to close the BBY Jul Week Five (7/30) 111 Put for around $0.30, but adjust as needed to close today Profit: $1.48, or $148 per contract
