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Income Masters Trade Alert: KBH, WDC

I am recommending we exit our KB Home (KBH) position by buying back our call and selling our shares. Our recovery strategy has allowed us to significantly reduce our potential loss, and I want to put this capital to better use elsewhere.

I am also recommending we roll our Western Digital (WDC) call out two weeks to generate more income.

KBH Nov Monthly (11/19) 42 Call

Current Stock Price: $43.62

Cost Basis: $42.88

Action:

  • Buy to close the KBH Nov Monthly (11/19) 42 Call for around $1.65
  • Sell shares at market

Loss: $0.91, or $91 per 100 shares

WDC Nov Monthly (11/19) 56 Call

Current Stock Price: $55.17

Cost Basis: $55.99

Action:

  • Buy to close the WDC Nov Monthly (11/19) 56 Call for around $0.30
  • Sell to open the WDC Dec Week One (12/3) 56 Call for around $1.45
  • Set initial credit limit at $1.15, but adjust as needed to roll today

New Cost Basis: $54.84

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