I am recommending we sell an in-the-money call against our uncovered General Motors (GM) shares. If we are called out, this will be the last trade for this service. Current Stock Price: $53.54 Action: Sell to open the GM Aug Week Two (8/13) 53 Call Current Option Price: $0.81-$0.87 Recommended Limit: Set your initial limit…
As we alerted you recently, we have officially closed the Perpetual Income Portfolio Club. However, we still have an ongoing trade in General Motors (GM). The stock has bounced back some after getting slammed Wednesday following the release of the company’s second-quarter earnings report. Earnings fell short of analyst expectations due in part to warranty…
As we alerted you recently, we are closing the Perpetual Income Portfolio Club, effective tomorrow. However, all trades will be managed to their proper conclusion, and I’ll continue to send alerts as needed until all positions are closed. Our customer care team will be reaching out to all of you with membership choices and any…
Our Chewy (CHWY) put expired worthless last week, so I am recommending another one today. Apple (AAPL) is scheduled to report earnings today after the close. I will recommend a put to sell once we see how traders react. I am waiting for a bounce in General Motors (GM) before selling a call on our…
Twitter (TWTR) is running up following the release of better-than-expected second-quarter earnings. Revenue grew at the fastest pace since 2014 at 74% year over year. It’s true that last year’s second quarter was depressed because of the pandemic, but this year’s results still easily beat Wall Street’s estimates. We sat this week out to avoid…
Chewy (CHWY) and General Motors (GM) were hit hard this week, pushing our puts into the money. I believe the sell-off in these stocks will be short-lived and a rebound will ensue. Therefore, I am recommending we roll our puts to avoid assignment and buy ourselves some time. Our Twitter (TWTR) put is also in…
General Motors (GM) sold off early this week, stabilized and then got hit again when the broader market fell sharply on Thursday. It is bouncing back today due to a bullish analyst recommendation that said the company should be valued as an electric vehicle stock rather than a traditional automaker. I am recommending we roll…
Our Apple (AAPL), Chewy (CHWY) and Twitter (TWTR) puts expired worthless last week. The holiday-shortened week got off to a rough start following last week’s record highs. With trading volume likely to remain light this week, I am recommending we sell monthly puts on these three names today. Note that no action is needed on…
General Motors (GM) has struggled to stay above the $60 price point, despite being ahead of Ford (F) in procuring chips (at least for now) and in its electric vehicle plans. Therefore, we will spend a little cash and roll our put down to a lower strike price. Current Stock Price: $59.30 Action: Buy to…
Our Apple (AAPL) and Chewy (CHWY) puts expired worthless on Friday. I held off on putting on new positions on Monday and Tuesday to see if this rebound had legs. It appears it does, and I am recommending new puts to sell today that expire next week. I am also recommending we roll our General…
