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Income Masters Trade Alert: GS, KRE, MU

I am recommending we temporarily close our Goldman Sachs (GS), SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) bull put spreads rather than roll them.

We will carry over net debits and I will recommend new spreads on these names soon.

GS Apr Week Five (4/29) 315/310 Put Spread

Current Stock Price: $315.06

Cash in Hand: $0.41

Action:

  • Buy to close the GS Apr Week Five (4/29) 315 Put for around $1.73
  • Sell to close the GS Apr Week Five (4/29) 310 Put for around $0.46
  • Set initial debit limit at $1.27, but adjust as needed to close today

New Net Debit: $0.86

KRE Apr Week Five (4/29) 65/62.50 Put Spread

Current Stock Price: $63.20

Cash in Hand: $0.20

Action:

  • Buy to close the KRE Apr Week Five (4/29) 65 Put for around $1.74
  • Sell to close the KRE Apr Week Five (4/29) 62.50 Put for around $0.16
  • Set initial debit limit at $1.58, but adjust as needed to close today

New Net Debit: $1.38

MU Apr Week Five (4/29) 65 Put Spread

Note: No action is needed on the MU May Week Two (5/13) 69 Call at this time.

Current Stock Price: $70.09

Net Debit: $2.20

Action:

  • Buy to close the MU Apr Week Five (4/29) 65 Put for around $0.02
  • Watch the MU Apr Week Five (4/29) 60 Put expire worthless
  • Set initial debit limit at $0.02, but adjust as needed to close today

New Net Debit: $2.22

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