Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Madness Trade Alert: PFE, WBA

Pfizer (PFE) and Walgreens Boots Alliance (WBA) are trading near our calls’ strikes.

If PFE closes above $51, our shares will be called away and we will have a net debit on the position. If, however, the stock closes below $51, our call will expire worthless. In this case, we will sell the shares before the company reports earnings on Thursday. In either case, we will re-enter the position by selling a put after the announcement.

If WBA closes above our $38 strike, our shares will be called away and we will sell a put next week to reduce our net debit on the position. If the stock closes below that level, our call will expire worthless, and I will recommend a new one soon to lower our cost basis.

PFE Jul Week Four (7/22) 51 Call

Current Stock Price: $51.46

Cost Basis: $53.96

Action: Watch call expire

Net Debit (if called out): $2.96

WBA Jul Week Four (7/22) 38 Call

Current Stock Price: $38.78

Cost Basis: $45.36

Action: Watch call expire

Net Debit (if called out): $7.36

Go to Top
×