Our Nike (NKE) put is deep in the money, and I am recommending we accept shares. The math of selling calls makes more sense and should get us back to breakeven faster. The company is scheduled to report earnings on Monday after the close. We will likely put a protective in place ahead of the…
Let’s keep the cash rolling in by booking fast profits on our Blackstone (BX), NVIDIA (NVDA) and Zoom Video Communications (ZM) bull put spreads. BX Jul Monthly (7/15) 70/65 Put Spread Current Stock Price: $97.52 Cash in Hand: $0.36 Action: Buy to close the BX Jul Monthly (7/15) 70 Put for around $0.20 Sell to…
Our Best Buy (BBY), First Solar (FSLR), Micron Technology (MU), The Trade Desk (TTD) and SPDR S&P Biotech ETF (XBI) protective puts are on track to expire worthless. We will simply watch them do so. BBY Jun Week Four (6/24) 64 Put Note: No action is needed on the BBY Jul Week One (7/1) 72.50…
Let’s book profits on our SPDR S&P Regional Banking ETF (KRE) and Roku (ROKU) puts. KRE Jul Week One (7/1) 55 Put Current Stock Price: $59.13 Cash in Hand: $0.42 Action: Buy to close the KRE Jul Week One (7/1) 55 Put for around $0.17, but adjust as needed to close today Profit: $0.25, or…
Mosaic Company (MOS) continues to sell off this week and our protective put is in the money. I am recommending we roll it out one week and to a lower strike. This will allow us to pocket some income, reducing our cost basis on the position, while keeping our hedge in place. Note: No action…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) call out two weeks and to a higher strike price. This will allow us to generate more income and reduce our cost basis on the position, as well as capture more potential appreciation. Our protective put remains in place for another day. Note: No…
I am recommending a call to sell against our long AAPL Jun 2023 (6/16/23) 100 Call to reduce our cost basis on the position. Current Stock Price: $136.97 Cost Basis: $44.78 Action: Sell to open the AAPL Jul Week Two (7/8) 140 Call for around $2.40, but adjust as needed to sell a call today…
I am recommending calls to sell against our uncovered Mosaic Company (MOS), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) shares. The income we generate will reduce our cost basis on the positions. And our protective puts remain in place to protect against sharp moves down in the stocks. Note that these trades are…
Best Buy (BBY) has been hammered this year along with other discretionary retailers, hit by fears of recession and supply chain issues. But the company has an extensive track record of riding out softness in the economy. First Solar (FSLR) is one of my two favorite solar stocks. Sunrun (RUN) is the other. Real-world fundamentals,…
I am recommending a put to sell on ZIM Integrated Shipping Services (ZIM) to reduce our cost basis on the position. However, you can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. Current Stock Price:…
