I am taking a more selective approach to index hedging in an effort to reduce the cost and increase the effectiveness. Rather than remaining hedged at all times, I plan to put on hedges in anticipation of events that may disrupt the market. I am recommending new hedges today — a S&P 500 (SPX) put…
We have a net debit on Chewy (CHWY), so I am recommending a new put to sell now that the stock appears to be stabilizing following the company’s earnings report. I am also recommending a call to sell against our uncovered SPDR S&P Regional Banking ETF (KRE) shares to reduce our cost basis. Note that…
Let’s book profits on our Etsy (ETSY) and Western Digital (WDC) puts. And I am recommending we accept shares of SPDR S&P Regional Banking ETF (KRE). We will sell a call to reduce our cost basis soon. ETSY Jun Week Two (6/11) 165 Put Current Stock Price: $166.55 Cash in Hand: $1.21 Action: Buy to…
I am recommending we roll our expiring positions in Apple (AAPL) and QuantumScape (QS). And let’s book profits on our Advanced Micro Devices (AMD) put and General Motors (GM) call spread. AAPL Jan Monthly (1/21/22) 100/ Jun Week Two (6/11) 127 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100…
Brinker International (EAT) is trading almost $10 above our put’s strike price. Let’s book excellent profits now and free up capital for future trades. Current Stock Price: $64.02 Cash in Hand: $1 Action: Buy to close the EAT Jun Monthly (6/18) 55 Put for around $0.20 Profit: $0.80, or $80 per contract
We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.…
Our Chewy (CHWY) shares are on track to be called away, which will result in a net debit on the position. I will recommend a put to sell after the company announces earnings next week. I am recommending we roll our SPDR S&P Regional Banking ETF (KRE) put out one week. And let’s book profits…
I am recommending we spend a few cents to close the top leg of our Microsoft (MSFT) spread to avoid the risk of shares reversing. The bottom leg is on track to expire worthless. Our Peloton Interactive (PTON) spread is set to expire worthless. We will sell a new spread soon to continue to work…
Our most recent S&P 500 (SPX) hedges are on track to expire worthless. I will recommend new defensive positions soon. Current Index Price: 4,219.97 SPX Jun Week One (6/4) 3850 Put Net Debit: $32.80 Action: Watch put expire worthless SPX Jun Week One (6/4) 3850/3800 Put Spread Cash in Hand: $0.45 Action: Watch spread expire…
I am recommending we roll our expiring calls in QuantumScape (QS) and Invesco Solar ETF (TAN). QS May Week Four (5/28) 30 Call Current Stock Price: $29.41 Cost Basis: $38.19 Action: Buy to close the QS Jun Week One (6/4) 28 Call for around $1.60 Sell to open the QS Jun Week Two (6/11) 29…
