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…
Both QuantumScape (QS) and Twitter (TWTR) are sharply higher today. I am recommending we roll our QS put to a higher strike to bring in more cash. And we are rolling our TWTR call up and out one week to generate more income and capture more potential appreciation. QS Mar Week One (3/5) 45 Put…
We were assigned shares of Gilead Sciences (GILD) last week, so I am recommending a call to sell today. Note that this recommendation is only for people who already own shares of the stock from a previous position. I am also recommending we book profits on our General Motors (GM) put. While we will be…
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…
Our Gilead Sciences (GILD) Feb Monthly (2/19) 67 Put is in the money. I am recommending we accept shares. We will sell a call against them soon to reduce our cost basis. Current Stock Price: $65.01 Cash in Hand: $0.92 Action: Accept shares Cost Basis: $66.08
I am recommending we roll our Apple (AAPL), General Motors (GM) and Marvell Technology Group (MRVL) puts to buy time and generate more income. AAPL Feb Monthly (2/19) 136 Put Current Stock Price: $128.75 Cash in Hand: $2.16 Action: Buy to close the AAPL Feb Monthly (2/19) 136 Put for around $7.25 Sell to open…
Let’s book profits on our CVS Health (CVS) put. Current Stock Price: $72.61 Cash in Hand: $0.56 Action: Buy to close the CVS Feb Monthly (2/19) 70 Put Current Option Price: $0.05-$0.07 Recommended Limit Price: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.50, or $50 per contract…
First Solar (FSLR) is falling today. Let’s get out now rather than risk having to roll out past next week’s earnings announcement. The spread between the bid and the ask are wide. Work your limit as needed to exit quickly. Current Stock Price: $95.14 Cash in Hand: $3.45 Action: Buy to close the FSLR Feb…
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…
I am recommending we roll our positions in Apple (AAPL), Gilead Sciences (GILD) and General Motors (GM) out one week. AAPL Feb Week Two (2/12) 136 Put Current Stock Price: $135.20 Cash in Hand: $1.06 Action: Buy to close the AAPL Feb Week Two (2/12) 136 Put for around $1.36 Sell to open the AAPL…
