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Income Masters Trade Alert: JPM, MU

I am recommending we accept shares of JPMorgan Chase (JPM) and will sell a call against them next week.

Our Micron Technology (MU) put is on track to expire worthless, but I am recommending we roll it simply to generate more income.

JPM Jan Week Four (1/22) 135 Put

Current Stock Price: $133.84

Cash in Hand: $1

Action: Accept shares

Cost Basis: $134

MU Jan Week Four (1/22) 82.50 Put

Current Stock Price: $83.88

Cash in Hand: $0.85

Action:

  • Buy to close the MU Jan Week Four (1/22) 82.50 Put for around $0.12
  • Sell to open the MU Jan Week Five (1/29) 82.50 Put for around $1.29
  • Set initial credit limit at $1.17

New Cash in Hand: $2.02

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