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: BBY

Best Buy (BBY) is scheduled to announce earnings tomorrow. Rather than exit our shares, I am recommending we sell a call to generate income and then use that income to buy a protective put to hedge our downside risk.

Note that this trade is only for members who already own shares of BBY from a previous position.

Current Stock Price: $72.50

Cost Basis: $96.44

Action:

  • Sell to open the BBY Jun Week One (6/3) 80 Call for around $3.06, but adjust as needed to sell a call today
  • Buy to open the BBY May Week Four (5/27) 64 Put for around $2.98, but adjust as needed to buy a put today

New Cost Basis: $96.36

Go to Top
×