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: GLW, KBH, KRE, TGT, WDC

I am recommending we roll our Corning (GLW), KB Home (KBH), SPDR S&P Regional Banking ETF (KRE), Target (TGT) and Western Digital (WDC) calls. The income we generate will reduce our cost basis on the positions.

GLW Sep Monthly (9/17) 39 Call

Current Stock Price: $38.47

Cost Basis: $39.33

Action:

  • Buy to close the GLW Sep Monthly (9/17) 39 Call for around $0.12
  • Sell to open the GLW Sep Week Four (9/24) 38 Call for around $0.84
  • Set initial credit limit at $0.72

New Cost Basis: $38.61

KBH Sep Monthly (9/17) 42 Call

Current Stock Price: $40.74

Cost Basis: $44.83

Action:

  • Buy to close the KBH Sep Monthly (9/17) 42 Call for around $0.10
  • Sell to open the KBH Oct Monthly (10/15) 42 Call for around $1.35
  • Set initial credit limit at $1.25

New Cost Basis: $43.58

KRE Sep Monthly (9/17) 65 Call

Current Stock Price: $63.34

Cost Basis: $65.70

Action:

  • Buy to close the KRE Sep Monthly (9/17) 65 Call for around $0.12
  • Sell to open the KRE Oct Week One (10/1) 65 Call for around $0.69
  • Set initial credit limit at $0.57

New Cost Basis: $65.13

TGT Jan 2023 (1/20/23) 200/Sep Monthly (9/17) 250 Call Spread

Note: No action is needed on the TGT Jan 2023 (1/20/23) 200 Call at this time.

Current Stock Price: $243.20

Cost Basis: $57

Action:

  • Buy to close the TGT Sep Monthly (9/17) 250 Call for around $0.15
  • Sell to open the TGT Sep Week Four (9/24) 247.50 Call for around $1.30
  • Set initial credit limit at $1.15

New Cost Basis: $55.85

WDC Sep Monthly (9/17) 60 Call

Current Stock Price: $57.64

Cost Basis: $61.72 (Note that the cost basis was incorrectly listed as $63.36 in the previous alert.)

Action:

  • Buy to close the WDC Sep Monthly (9/17) 60 Call for around $0.30
  • Sell to open the WDC Sep Week Four (9/24) 60 Call for around $0.80
  • Set initial credit limit at $0.50

New Cost Basis: $61.22

Go to Top
×