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Income Masters
Income Masters Trade Alert: BAC, DHI, QS, XBI
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…
Income Masters Trade Alert: LULU, PTON
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…
Income Masters Trade Alert: SPX
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…
Income Masters Trading Session: GLW, SBUX, XBI
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…
Income Masters Trade Alert: AAPL, AMD, CVS
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…
Income Masters Trading Session: QS, CROX, DHR
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Week Four (2/26) 50 Put for around $1.10. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $56.35) TRADE TWO: Sell to open the…
Income Masters Trade Alert: MRNA, SBUX, SQ, ZM
Our QuantumScape (QS) and Starbucks (SBUX) puts are on track to expire worthless. After more than a year of managing the SBUX position, we are finally able to walk away with a small profit. Considering how deep underwater we were, this is a victory. It’s also proof that our rolling strategy and a good deal…
Income Masters Trade Alert: SPX
Our most recent S&P 500 (SPX) hedges — the SPX Feb Monthly (2/19) 3025 Put and the SPX Feb Monthly (2/19) 3025/2975 Put Spread — are on track to expire worthless tomorrow, so I am recommending new defensive positions today. We will continue to track them as ongoing positions, but you can initiate one of…
Income Masters Trading Session: QS, BAC, CVS
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Monthly (2/19) 58 Put for around $0.65. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $64.69) TRADE TWO: Sell to open the Bank…