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Income Masters Trade Alert: CVS, LULU, PTON, XBI

Our CVS Health (CVS) shares are on track to be called away at a profit.

We also have three spread positions expiring today.

Our Lululemon Athletica (LULU) put spread is on track to expire worthless. We will sell another spread soon to continue to work down our net debit on the position.

Our Peloton Interactive (PTON) spread continues to go in the wrong direction. I am recommending we roll it again. This will increase our net debit but avoid assignment of shares.

Finally, our SPDR S&P Biotech ETF (XBI) spread is on track to expire worthless, allowing us to book the maximum profit.

CVS Mar Monthly (3/19) 72 Call

Current Stock Price: $73.77

Cost Basis: $70.87

Action: Allow shares to be called away

Profit: $1.13, or $113 per 100 shares

LULU Mar Monthly (3/19) 290/280 Put Spread

Current Stock Price: $306

Net Debit: $5.59

Action: Watch spread expire worthless

PTON Mar Monthly (3/19) 105/100 Put Spread

Current Stock Price: $104.10

Net Debit: $9.40

Action:

  • Buy to close the PTON Mar Monthly (3/19) 105 Put for around $1.91
  • Sell to close the PTON Mar Monthly (3/19) 100 Put for around $0.32
  • Set initial debit limit at $1.59
  • Sell to open the PTON Mar Week Four (3/26) 95 Put for around $1.46
  • Buy to open the PTON Mar Week Four (3/26) 85 Put for around $0.48
  • Set initial credit limit at $0.98

New Net Debit: $10.01

XBI Mar Monthly (3/19) 135/125 Put Spread

Current Stock Price: $142.35

Cash in Hand: $1.06

Action: Watch spread expire worthless

Profit: $1.06, or $106 per spread

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