We have one position expiring today – a MSFT spread. We are also managing ETSY and PTON net debits. We will put on new positions on these stocks next week. Let’s buy to close the top leg of the MSFT spread and create another position next week. ETSY Net Debit Current Stock Price: $63.95…
I am recommending we roll our Apple (AAPL), General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls today. I also want to roll our Chewy (CHWY) put to bring in more income. AAPL Jan Monthly (1/21/22) 100/May Week One (5/7) 128 Call Spread Note: No action is needed on the AAPL Jan Monthly…
Let’s not look a gift horse in the mouth. We have the chance to book excellent profits on our Crocs (CROX) and First Solar (FSLR) put positions in just over 24 hours, and we’re going to take it. CROX May Monthly (5/21) 100 Put Current Stock Price: $106.34 Cash in Hand: $3.50 Action: Buy to…
While there are no Income Masters Live Trading Sessions this week, we are putting on two new positions today. First Solar (FSLR) has been selling off since last week’s earnings report even though the company beat revenue and profit expectations. Guidance was lighter than the Street hoped, creating a great short-term put-selling opportunity for us.…
The market is falling today despite some stellar earnings reports from big tech companies. This leads me to believe this growth must have been priced in already and that Wall Street is more concerned with too much growth (i.e., inflation) and its effect on the bond market. In light of this, I am recommending we…
Let’s roll our Chewy (CHWY) put and Invesco Solar ETF (TAN) call. CHWY Apr Week Five (4/30) 83 Put Current Stock Price: $80.90 Net Debit: $0.27 Action: Buy to close the CHWY Apr Week Five (4/30) 83 Put for around $2.50 Sell to open the CHWY May Week One (5/7) 83 Put for around $3.35…
I am recommending we roll our expiring General Motors (GM) and QuantumScape (QS) calls. GM Jan Monthly (1/21/22) 50/Apr Week Five (4/30) 58 Call Spread Note: No action is needed on the GM Jan Monthly (1/21/22) 50 Call at this time. Current Stock Price: $56.03 Cost Basis: $11.33 Action: Buy to close the GM Apr…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Apr Week Five (4/30) 83 Put for around $0.76. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $84.54) TRADE TWO: Sell to…
Let’s book profits on our SPDR S&P Biotech ETF (XBI) put. Current Stock Price: $135.28 Cash in Hand: $3.30 Action: Buy to close the XBI Apr Week Four (4/23) 135 Put for around $0.80 Profit: $2.50, or $250 per contract
I am recommending we roll our Chewy (CHWY) put and expiring General Motors (GM), QuantumScape (QS) and Invesco Solar ETF (TAN) calls. CHWY Apr Week Four (4/23) 83 Put Current Stock Price: $82.04 Net Debit: $1.57 Action: Buy to close the CHWY Apr Week Four (4/23) 83 Put for around $1.61 Sell to open the…
