OIB Trade Alerts

OIB Trade Alert: CVS, GILD, TWTR

The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell is expected to reassure markets of the central bank’s commitment to its bond-buying program during his appearance at a Wall Street Journal webinar today.…

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OIB Trade Alert: BAC

I am recommending we close our Bank of America (BAC) put. Current Stock Price: $36.24 Cash in Hand: $0.40 Action: Buy to close the BAC Mar Week One (3/5) 35.50 Put Current Option Price: $0.11-$0.12 Recommended Limit: Set your initial limit order at $0.12, but adjust as needed to close today Profit: $0.28, or $28…

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OIB Trade Alert: BAC, GM, MLHR

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…

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OIB Trade Alert: MU, QS

I am recommending we close our Micron Technology (MU) and QuantumScape (QS) positions, booking excellent profits and freeing up capital for new trades. MU Mar Week One (3/5) 85 Put Current Stock Price: $94.29 Cash in Hand: $1.75 Action: Buy to close the MU Mar Week One (3/5) 85 Put Current Option Price: $0.15-$0.20 Recommended…

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OIB Trade Alert: AAPL, MRVL

We were assigned shares of Apple (AAPL) and Marvell Technology Group (MRVL) on Friday. I am recommending calls to sell against those shares today, which will lower our cost basis on the positions. Currently, I am targeting breakeven for these positions, but that may change especially with AAPL. Note that these trades are only for…

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OIB Trade Alert: AAPL, MRVL

The tech sell-off clobbered our Apple (AAPL) and Marvell Technology Group (MRVL) positions. I am recommending we accept shares rather than attempt to roll the puts. Next week, I will recommend calls to sell against the shares to reduce our cost basis on the positions. While I am currently targeting breakeven, that could change if…

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OIB Trade Alert: MU, QS, CVS

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…

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