Pfizer (PFE) closed below $40 on Friday and our call expired worthless. Let’s sell another call right now at the same strike price. If you do not own PFE shares, do not enter this position at this time. Pfizer (PFE) Uncovered Shares Current Stock Price: $40.00 Cost Basis: $39.63 Action: Sell to open the…
We have one position expiring today – a Pfizer (PFE) call. It is on track to expire worthless and we will sell another call next week. If the stock pops this afternoon, that would be great, allow yourself to be called out. Pfizer (PFE) May Week One (5/7) 40 Call Current Stock Price: $39.20…
Let’s book profits on our Herman Miller (MLHR) put. While we have more than two weeks until expiration, there is simply too much cash on the table to pass up. Current Stock Price: $43.08 Cash in Hand: $0.85 Action: Buy to close the MLHR May Monthly (5/21) 40 Put Current Option Price: $0.35-$0.45 Recommended Limit:…
We accepted shares of iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) last week. I am recommending calls to sell against them to reduce our cost basis on the positions. Note that these recommendations are only for people who own shares of these stocks uncovered from previous recommendations. ICLN…
I am recommending we roll our Apple (AAPL) call out one week to bring in additional income. If we are called out next week, we will book a small profit. Current Stock Price: $129.78 Cost Basis: $128.13 Action: Buy to close the AAPL May Week One (5/7) 128 Call for around $2.22 Sell to open…
CVS Health (CVS) is running up today, allowing us to book exceptional short-term profits. Current Stock Price: $82.12 Cash in Hand: $0.95 Action: Buy to close the CVS May Week One (5/7) 80 Put Current Option Price: $0.09-$0.11 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today Profit:…
While there is no Options Income Blueprint Live Trading Session today, we are putting on two new positions. We’re starting with an old favorite: CVS Health (CVS), which we’ve already successfully traded four times this year. The company announced better-than-expected first-quarter earnings and revenue before the bell, due in part to COVID-19 vaccinations and tests…
iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) are all trading below the strike price of the puts we sold. I am recommending we accept shares. We will sell calls against them soon to reduce our cost basis on the positions. I have great confidence in the chip sector…
Let’s book excellent short-term profits on our Bank of America (BAC) put. Current Stock Price: $40.82 Cash in Hand: $0.55 Action: Buy to close the BAC Apr Week Five (4/30) 40 Put Current Option Price: $0.05-$0.06 Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.49, or…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session on the member website this afternoon. 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…
