I am recommending we roll the short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads. SMH Jan 2023 (1/20/23) 250/Jan Monthly (1/21) 310 Call Spread Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time. Current Stock Price: $288.30 Cost Basis: $69.90 Action:…
I am recommending we roll our Best Buy (BBY), Crocs (CROX), First Solar (FSLR) and Yeti Holdings (YETI) calls to generate more income and reduce our cost basis on the positions. BBY Jan Monthly (1/21) 102 Call Current Stock Price: $98.88 Cost Basis: $108.93 Action: Buy to close the BBY Jan Monthly (1/21) 102 Call…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open The Trade Desk (TTD) Jan Monthly (1/21) 66 Put…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Jan Monthly (1/21) 132…
I am recommending we roll our Pfizer (PFE) and Taiwan Semiconductor Manufacturing (TSM) puts. With PFE, we are avoiding assignment and buying time for shares…
SPDR S&P Biotech ETF (XBI) is falling as the risk-off trade persists. Our XBI Jan Week Two (1/14) 105 Call is on track to expire worthless. We will simply watch it do so and sell another call soon to reduce our cost basis on the position. Current Stock Price: $96.84 Cost Basis: $109.58 Action: Watch…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Jan Week Two (1/14)…
Taiwan Semiconductor Manufacturing (TSM) reported blowout earnings and the entire chip sector is feeling the love. I am recommending we book a profit on our Applied Materials (AMAT) spread. And let’s roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to a higher strike to capture more potential appreciation. AMAT…
Let’s book fast profits on our General Motors (GM) and Micron Technology (MU) puts, freeing up capital for new trades. GM Jan Week Two (1/14)…
Let’s book profits on Taiwan Semiconductor Manufacturing (TSM) ahead of tomorrow’s earnings report. Current Stock Price: $131.97 Cash in Hand: $3.14 Action: Buy to close the TSM Jan Week Two (1/14) 130 Put for around $2.37, but adjust as needed to close today Profit: $0.77, or $77 per contract
