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Income Masters Trade Alert: LULU, PTON, SBUX, SQ

Our Lululemon Athletica (LULU), Peloton Interactive (PTON) and Square (SQ) spreads are on track to expire worthless.

We will book a profit on SQ. And I will recommend another LULU and PTON spread in the near future as we continue to work down our net debits on the positions.

Our Starbucks (SBUX) position continues to throw off cash as we reduce our net debit. I am recommending we roll our put out one week and to a higher strike.

LULU Jan Week Two (1/8) 335/325 Put Spread

Current Stock Price: $366.09

Net Debit: $5.59

Action: Watch spread expire worthless

PTON Jan Week Two (1/8) 115/105 Put Spread

Current Stock Price: $155.21

Net Debit: $4.20

Action: Watch spread expire worthless

SBUX Jan Week Two (1/8) 102 Put

Current Stock Price: $104.03

Net Debit: $4.76

Action:

  • Buy to close the SBUX Jan Week Two (1/8) 102 Put for around $0.07
  • Sell to open the SBUX Jan Monthly (1/15) 103 Put for around $0.80
  • Set initial credit limit at $0.73

New Net Debit: $4.03

SQ Jan Week Two (1/8) 200/190 Put Spread

Current Stock Price: $240.26

Cash in Hand: $0.53

Action: Watch spread expire worthless

Profit: $0.53, or $53 per spread

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