I am recommending we close our remaining positions — the Advanced Micro Devices (AMD) put and the Lululemon Athletica (LULU) spread — and shut the books on another wildly successful round of Income Madness. We closed 20 winners in a row. Traders who sold just one contract of each could have earned $1,203 in income.…
I am recommending we roll our Advanced Micro Devices (AMD) put out one week and to a lower strike. By doing so, we will avoid assignment and reduce our risk on the position. Crocs (CROX) is flirting with the strike price of our put, so I am recommending we close it now at a modest…
Let’s book profits on our Chewy (CHWY), First Solar (FSLR) and General Motors (GM) positions. CHWY Jan Monthly (1/15) 107 Put Current Stock Price: $112.99 Cash in Hand: $0.63 Action: Buy to close the CHWY Jan Monthly (1/15) 107 Put for around $0.20 Profit: $0.43, or $43 per contract FSLR Jan Monthly (1/15) 100 Put…
Let’s book profits on Micron Technology (MU). Current Stock Price: $80.34 Cash in Hand: $0.97 Action: Buy to close the MU Jan Monthly (1/15) 77.50 Put for around $0.19 Profit: $0.78, or $78 per contract
With the market looking for direction today, I am recommending we take profits off the table in D.R. Horton (DHI), Teladoc Health (TDOC), Twitter (TWTR) and Zoom Video Communications (ZM). DHI Jan Monthly (1/15) 66.50 Put Current Stock Price: $68.90 Cash in Hand: $0.60 Action: Buy to close the DHI Jan Monthly (1/15) 66.50 Put…
Bank of America (BAC) is moving higher today. Let’s book profits now rather than hold through big banks’ earnings announcements at the end of the week. Current Stock Price: $32.97 Cash in Hand: $0.41 Action: Buy to close the BAC Jan Monthly (1/15) 32 Put for around $0.16 Profit: $0.25, or $25 per contract
Let’s book fast profits on Apple (AAPL) rather than risk a reversal before today’s close. Current Stock Price: $131.51 Cash in Hand: $1.05 Action: Buy to close the AAPL Jan Week Two (1/8) 130 Put for around $0.30 Profit: $0.75, or $75 per contract
