OIB Trade Alerts

OIB Trade Alert: C

We allowed our shares of Citigroup (C) to be called away last week, incurring a net debit on the position. The goal was to avoid this week’s earnings announcement and, therefore, any unnecessary risk. The bank reported better-than-expected earnings this morning, yet shares are down about 2%. We can capitalize on the post-earnings volatility by…

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OIB Trade Alert: GM

General Motors (GM) is up nearly 3% today. Let’s book fast profits on our put position. Current Stock Price: $62.83 Cash in Hand: $0.43 Action: Buy to close the GM Jan Week Two (1/14) 59 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close…

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OIB Trade Alert: MRVL

Marvell Technology (MRVL) is pulling back a bit after a nice run-up earlier this week, but we’re still sitting on a great profit. Given MRVL’s trading action and the fact that rival Taiwan Semiconductor Manufacturing (TSM) is scheduled to report earnings tomorrow, it makes sense to lock it in now. Current Stock Price: $85.21 Cash…

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OIB Trade Alert: KR

Let’s book profits on our Kroger Co. (KR) position. Current Stock Price: $49.15 Cash in Hand: $0.47 Action: Buy to close the KR Jan Week Two (1/14) 45 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today Profit: $0.42, or $42 per contract…

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OIB Trade Alert: C, MRVL

We have positions in Citigroup (C) and Marvell Technology (MRVL) expiring today. I am recommending we allow our Citigroup shares to be called away given that the company is scheduled to report earnings next week. We will sell a put after the announcement to reduce our net debit on the position. And let’s close MRVL…

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OIB Trade Alert: MU

I am recommending we close our Micron Technology (MU) put. This was a recovery trade where our patience truly paid off, allowing us to walk away with a small profit rather than book a large loss. It’s further proof that we should never abandon a successful company just because its stock takes a hit. Current…

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OIB Trade Alert: PFE

Pfizer (PFE) sold off this week but appears to have found a bottom at $55. I am recommending we roll our put out one week to generate more cash. This income should get us to breakeven. Current Stock Price: $55.35 Net Debit: $0.33   Action: Buy to close the PFE Jan Week One (1/7) 58…

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