Our Marvell Technology (MRVL) put is well in the money. With the company scheduled to report earnings on Aug. 24, let’s roll our put out four weeks and to a lower strike. Current Stock Price: $60.43 Net Debit: $9.14 Action: Buy to close the MRVL 11 Aug 64 Put Sell to open the MRVL 8…
Well, that was quick! ProShares Ultra Bloomberg Natural Gas (BOIL), the 2x leveraged fund that tracks the return of a futures-based natural gas index on a daily basis, is up more than 10% this morning. This has caused the premium on the put we sold to fall below our target exit price. Let’s close it…
ProShares Ultra Bloomberg Natural Gas (BOIL), the 2x leveraged fund that tracks the return of a futures-based natural gas index on a daily basis, is up sharply this morning. This caused the premium on the put we sold to drop below our target exit price. Let’s book profits now. Current Stock Price: $64.39 Cash in…
Let’s make it three for three with Advanced Micro Devices (AMD) closeouts this week! The premium on the put we sold yesterday has fallen to our target exit price in less than 24 hours. Current Stock Price: $115.87 Cash in Hand: $0.90 Action: Buy to close the AMD 18 Aug 104 Put Recommended Limit: Set…
DraftKings (DKNG) is up 10% this morning after the company reported an earnings surprise and raised its sales forecast. Let’s book fast profits on our put. Current Stock Price: $32.99 Cash in Hand: $0.24 Action: Buy to close the DKNG 18 Aug 24 Put Recommended Limit: Set your initial limit order at $0.03, but adjust…
We’ve closed back-to-back winners on Advanced Micro Devices (AMD) already this week, and we’re going back to it with another trade on the semiconductor maker. Volatility remains elevated following the release of the company’s second-quarter results. While revenue was down 18% from a year earlier to $5.36 billion, it was better than expected. And earnings…
Advanced Micro Devices (AMD) is bouncing back today following yesterday’s post-earnings sell-off, and the premium on the put we sold just over 24 hours ago has fallen by more than half to our target exit price. Let’s book fast profits now, closing back-to-back winners on the semiconductor maker. Current Stock Price: $114.28 Cash in Hand:…
United Airlines (UAL) reported record quarterly earnings on strong international travel demand and raised its full-year profit outlook. However, since hitting a 52-week high on July 21, shares have struggled and the put we sold has gone into the money. Let’s roll our put out two weeks to buy ourselves some time and generate more…
Advanced Micro Devices (AMD) is rallying today ahead of the company’s scheduled earnings announcement after the close. The premium on the longer-term put we sold has dropped below our target exit price. Let’s close it now, earning more than 60% of our max profit and an excellent rate of return. Current Stock Price: $116.83 Cash…
The premium on our Chewy (CHWY) put has dropped to our target exit price. Let’s book profits now. Current Stock Price: $34.24 Cash in Hand: $0.37 Action: Buy to close the CHWY 11 Aug 31 Put Recommended Limit: Set your initial limit order at $0.15, but adjust as needed to close today Profit: $0.22, or…
