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Income Masters Trade Alert: CVS, SBUX, ZM

This is a take-the-money-and-run kind of market. We have a chance to exit our CVS Health (CVS), Starbucks (SBUX) and Zoom Video Communications (ZM) positions at a profit, and we’re going to do so.

CVS Mar Week One (3/4) 105 Call

Current Stock Price: $104.46

Cost Basis: $103.34

Action:

  • Buy to close the CVS Mar Week One (3/4) 105 Call for around $0.60, but adjust as needed to close today
  • Sell shares at market

Profit: $0.52, or $52 per 100 shares

SBUX Mar Week One (3/4) 91 Put

Current Stock Price: $92.82

Cash in Hand: $1.48

Action: Buy to close the SBUX Mar Week One (3/4) 91 Put for around $0.31, but adjust as needed to roll today

Profit: $1.17, or $117 per contract

ZM Mar Monthly (3/18) 85 Put Spread

Current Stock Price: $120.22

Cash in Hand: $0.47

Action:

  • Buy to close the ZM Mar Monthly (3/18) 85 Put for around $0.37
  • Sell to close the ZM Mar Monthly (3/18) 80 Put for around $0.23
  • Set initial debit limit at $0.14, but adjust as needed to roll today

Profit: $0.33, or $33 per spread

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