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Income Masters Trade Alert: AAPL, BBY, MU, XBI

Our short Apple (AAPL), Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless today. I will recommend new calls soon to reduce our cost basis on the positions, and we are leaving our protective puts in place on all but Apple.

AAPL Jun 2023 (6/16/23) 100/Jun Monthly (6/17) 150 Call Spread
AAPL Jun Monthly (6/17) 125 Put

Note: No action is needed on the AAPL Jun 2023 (6/16/23) 100 Call at this time.

Current Stock Price: $132.06

Cost Basis: $44.78

Action:

  • Watch AAPL Jun Monthly (6/17) 150 Call expire worthless
  • Watch AAPL Jun Monthly (6/17) 125 Put expire worthless

BBY Jun Monthly (6/17) 80 Call

Note: No action is needed on the BBY Jun Week Four (6/24) 64 Put at this time.

Current Stock Price: $70.31

Cost Basis: $95.96

Action: Watch call expire worthless

MU Jun Monthly (6/17) 72 Call

Note: No action is needed on the MU Jun Week Four (6/24) 53.50 Put at this time.

Current Stock Price: $55.50

Cost Basis: $73.31

Action: Watch call expire worthless

XBI Jun Monthly (6/17) 70 Call

Note: No action is needed on the XBI Jun Week Four (6/24) 55 Put at this time.

Current Stock Price: $67.98

Cost Basis: $91.91 (Note that the cost basis was incorrectly listed as $92.11 in the previous alert.)

Action: Watch call expire worthless

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