There was no Options Income Blueprint Live Trading Session this week, as I did not want to take on any undue risk by putting on new positions ahead of the Federal Reserve meeting. This was decidedly the right move. Although the Fed raised rates 0.75 basis points as expected, stocks have sold off sharply. Clearly,…
I am recommending we close The Trade Desk (TTD) put with a small profit. While the put is currently out of the money, I think it’s best to play it safe rather than risk having to roll the position out a week and contend with next week’s Federal Reserve meeting. Current Stock Price: $62.98 Cash…
I am recommending we roll our Bank of America (BAC) put to generate more income and reduce our net debit on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based…
I am recommending we roll our Citigroup (C) call to a higher strike price to capture more potential appreciation, as well as generate more income to reduce our cost basis on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts out two weeks to generate more income and reduce our net debits on the positions. The net debits are sizeable, but these are core stocks that we are in for the long haul. I want to continue trading them every week…
I am recommending we roll our Pfizer (PFE) call to generate more income and reduce our cost basis on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on the…
I am recommending we roll our Charles Schwab (SCHW) put to generate more income and reduce our net debit on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on…
This is definitely the kind of market where you want to take the money and run, so let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $72.17 Cash in Hand: $0.53 Action: Buy to close the DVN Sep Monthly (9/16) 67 Put Current Option Price: $0.12-$0.14 Recommended Limit: Set your initial…
I am recommending we sell a put on The Trade Desk (TTD), a stock we have traded successfully a number of times already this year. The company specializes in real-time programmatic marketing automation technologies, products and services that are designed to personalize digital content delivery to users, similar to DoubleClick by Google and Facebook Ads.…
I am recommending we close our Delta Air Lines (DAL) put with a small loss. As I said when we put on the position, I want to trade airline stocks anecdotally rather than for the long term. This is due to my belief that the stocks in this sector are fairly to overvalued based on…
