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Income Masters Trade Alert: AAPL, LULU, MSFT, PTON, ROKU, SBUX

We have a number of positions expiring today.

I am recommending we book profits on our Apple (AAPL) put rather than sweat it out through the close.

Our Lululemon Athletica (LULU) and Roku (ROKU) spreads are on track to expire worthless. We will continue both positions by selling new spreads soon to reduce our net debits.

Our Microsoft (MSFT) call is deep in the money and our shares are on track to be called away at a profit. We may trade the stock again after earnings come out.

Our Peloton Interactive (PTON) put is on track to expire worthless, resulting in a max profit.

Finally, our Starbucks (SBUX) put is also on track to expire worthless. If it does, we will sell another one next week to reduce our net debit. If the stock happens to reverse and close below our strike, we will accept shares and sell a call.

AAPL Oct Monthly (10/16) 121 Put

Current Stock Price: $120.89

Cash in Hand: $1.28

Action: Buy to close the AAPL Oct Monthly (10/16) 121 Put for around $0.60

Profit: $0.68, or $68 per contract

LULU Oct Monthly (10/16) 280/270 Put Spread

Current Stock Price: $354.51

Net Debit: $8.85

Action: Watch spread expire worthless

MSFT Oct Monthly (10/16) 210 Call

Current Stock Price: $221.86

Cost Basis: $206.98

Action: Allow shares to be called away

Profit: $3.02, or $302 per 100 shares

PTON Oct Monthly (10/16) 125 Put

Current Stock Price: $133.88

Cash in Hand: $1.01

Action: Watch put expire worthless

Profit: $1.01, or $101 per contract

ROKU Oct Monthly (10/16) 160/155 Put Spread

Current Stock Price: $224.88

Net Debit: $0.80

Action: Watch spread expire worthless

SBUX Oct Monthly (10/16) 88 Put

Current Stock Price: $89.48

Net Debit: $12.69

Action: Watch put expire worthless

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