The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell is expected to reassure markets of the central bank’s commitment to its bond-buying program during his appearance at a Wall Street Journal webinar today.…
We have positions in Micron Technology (MU), Taiwan Semiconductor Manufacturing (TSM) and Twitter (TWTR) expiring today. I am recommending we close the MU buy-write to lock in profits. And our TWTR put is on track to expire worthless, allowing us to book the maximum profit. TSM has been hit hard in the past two weeks.…
Our Blackstone Group (BX) call expired worthless last week, so I am recommending a new call to sell today. Note that this recommendation is only for people who already own shares of the stock uncovered from a previous position. I am also recommending we roll the short leg of our CVS Health (CVS) call spread.…
Our Blackstone Group (BX) call is on track to expire worthless. I will recommend a new call to sell against the shares soon. Marvell Technology Group (MRVL) is currently trading above our call’s strike. If our shares are called away, we will book a profit. However, if the stock closes below $51, our call will…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Chewy (CHWY) put position. Current Stock Price: $108.84 Cash in Hand: $2.09 Action: Buy to close the CHWY Feb Monthly (2/19) 105 Put for around $0.40 Profit: $1.69, or $169 per…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Buy to open the CVS Health (CVS) Jan Monthly (1/21/22) 52.50 Call for around $19.20 and sell to open the CVS Feb Week Four (2/26) 73.50 Call for around $0.54. Set initial debit limit at $18.66. (Current stock price:…
Let’s roll our Chewy (CHWY) put position out one week to generate more cash. I am also recommending we roll our Marvell Technology Group (MRVL) call to a lower strike, further reducing our cost basis. CHWY Feb Week Two (2/12) 105 Put Current Stock Price: $110.67 Cash in Hand: $0.79 Action: Buy to close the…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Crocs (CROX) and D.R. Horton (DHI) positions and sell a call on our uncovered Marvell Technology Group (MRVL) shares. CROX Feb Monthly (2/19) 75 Call Current Stock Price: $79.68 Cost Basis:…
Our Marvell Technology Group (MRVL) Feb Week One (2/5) 53 Call is on track to expire worthless. I will recommend a new call to sell against shares next week. Current Stock Price: $49.88 Cost Basis: $51.60 Action: Watch call expire worthless
I am recommending we book profits on our Corning (GLW) covered call position rather than hold through expiration. By doing so, we earn a 0.9% return in three days, or 110% annualized. Current Stock Price: $37.32 Cost Basis: $36.09 Action: Buy to close the GLW Feb Week One (2/5) 36.50 Call for around $0.90 Sell…
