We rolled our Airbnb (ABNB) put to buy time for shares to recover, and our strategy has worked well. Let’s close the position now with a small loss rather than risk a downside reversal before expiration. Current Stock Price: $123.47 Cash in Hand: $2.73 Action: Buy to close the ABNB Mar Week Four (3/24) 125…
United Airlines (UAL) sold off this week after the airline forecast a first-quarter loss, citing weaker demand and higher fuel costs. This obviously came as a surprise to me and the market, as the company’s earnings report is not expected for another month. Our put is deep in the money. Let’s roll it now to…
I am recommending we exit our SPDR S&P Regional Banking ETF (KRE) and Block (SQ) puts with modest profits rather than risk another market reversal before expiration. KRE Mar Monthly (3/17) 42 Put Current Stock Price: $45.46 Cash in Hand: $0.34 Action: Buy to close the KRE Mar Monthly (3/17) 42 Put for around $0.16,…
Airbnb (ABNB) is rallying today but our put remains in the money. I am recommending we roll it out a week to avoid assignment and buy time for the stock to recover. Current Stock Price: $117.72 Cash in Hand: $2.23 Action: Buy to close the ABNB Mar Monthly (3/17) 125 Put for around $7.70 Sell…
Let’s book profits on our VanEck Semiconductor ETF (SMH) bull put spread, earning a 3.2% return in three days, or 389% annualized. Current Stock Price: $246.57 Cash in Hand: $0.22 Action: Buy to close the SMH Mar Monthly (3/17) 232.50 Put for around $0.10 Sell to close the SMH Mar Monthly (3/17) 227.50 Put for…
I am recommending we close our Blackstone (BX) put at a loss. Given what has transpired in the banking sector in the past week since we put the trade on, things could have been much worse. Therefore, although the put is currently out of the money, I am playing it safe and closing the position.…
Let’s book profits on our Costco (COST) bull put spread rather than risk a market reversal before expiration. We’ll earn a 6.2% return in nine days, or 251% annualized. Current Stock Price: $485.51 Cash in Hand: $0.36 Action: Buy to close the COST Mar Monthly (3/17) 460 Put for around $0.15 Sell to close the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Mar Monthly…
Let’s book profits on our Applied Materials (AMAT) and Microsoft (MSFT) bull put spreads rather than risk a reversal later in the week to collect a few more cents in premium. AMAT Mar Monthly (3/17) 106/101 Put Current Stock Price: $119.45 Cash in Hand: $0.24 Action: Buy to close the AMAT Mar Monthly (3/17) 106…
Note: We did not put on any trades in today’s live session. Watch the replay to hear me discuss the turmoil in the banking sector…
