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Income Masters Trade Alert: GS, KRE, MU

Our Goldman Sachs (GS) bull put spread is on track to expire worthless. We will simply watch it do so.

The top legs of our SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU) spreads are too close to the money for comfort in this kind of market. Let’s spend a few cents to close them now and watch the bottom legs expire worthless.

I will recommend new spreads on all three names soon to reduce our net debits on the positions.

GS May Monthly (5/20) 280/275 Put Spread

Current Stock Price: $309.74

Net Debit: $0.45

Action: Watch spread expire worthless

KRE May Monthly (5/20) 59/54 Put Spread

Current Stock Price: $59.94

Net Debit: $0.82

Action:

  • Buy to close the KRE May Monthly (5/20) 59 Put for around $0.10, but adjust as needed to close today
  • Watch the KRE May Monthly (5/20) 54 Put expire worthless

New Net Debit: $0.92

MU May Monthly (5/20) 65/60 Put Spread

Current Stock Price: $68.71

Net Debit: $1.53

Action:

  • Buy to close the MU May Monthly (5/20) 65 Put for around $0.04, but adjust as needed to close today
  • Watch the MU May Monthly (5/20) 60 Put expire worthless

New Net Debit: $1.57

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