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 Masters Trade Alert: AAPL, TGT

I am recommending we roll our Apple (AAPL) and Target (TGT) calls to generate more income and reduce our cost basis on the positions. Both stocks are up nicely to start the new year.

Note that we are likely to hedge both companies’ upcoming earnings announcements with protective puts.

AAPL Jan Monthly (1/20) 135 Call

Current Stock Price: $135.01

Cost Basis: $149.37

Action:

  • Buy to close the AAPL Jan Monthly (1/20) 135 Call for around $0.52
  • Sell to open the AAPL Jan Week Four (1/27) 135 Call for around $2.15
  • Set initial credit limit at $1.63, but adjust as needed to roll today

New Cost Basis: $147.74

TGT Jan 2024 (1/19/24) 150/Jan Monthly (1/20) 160 Call Spread

Note: No action is needed on the TGT Jan 2024 (1/19/24) 150 Call at this time.

Current Stock Price: $160.43

Cost Basis: $39.64

Action:

  • Buy to close the TGT Jan Monthly (1/20) 160 Call for around $0.90
  • Sell to open the TGT Feb Week One (2/3) 165 Call for around $1.69
  • Set initial credit limit at $0.79, but adjust as needed to roll today

New Cost Basis: $38.85

Go to Top
Ă—