Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Masters Trade Alert: MU, NKE, XBI

I am recommending we roll our Micron Technology (MU), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls out one week and to lower strikes to generate more income and reduce our cost basis on the positions.

MU May Week Four (5/27) 71 Call

Note: No action is needed on our MU May Week Four (5/27) 65 Put at this time.

Current Stock Price: $67.31

Cost Basis: $72.40

Action:

  • Buy to close the MU May Week Four (5/27) 71 Call for around $0.16
  • Sell to open the MU Jun Week One (6/3) 70 Call for around $1.05
  • Set initial credit limit at $0.89, but adjust as needed to roll today

New Cost Basis: $71.51

NKE May Week Four (5/27) 118 Call

Current Stock Price: $106.93

Cost Basis: $129.10

Action:

  • Buy to close the NKE May Week Four (5/27) 118 Call for around $0.02
  • Sell to open the NKE Jun Week One (6/3) 110 Call for around $1.46
  • Set initial credit limit at $1.44, but adjust as needed to roll today

New Cost Basis: $127.66

XBI May Week Four (5/27) 72.50 Call

Current Stock Price: $66.14

Cost Basis: $93.85 (The cost basis was incorrectly listed as $93.88 in the previous alert.)

Action:

  • Buy to close the XBI May Week Four (5/27) 72.50 Call for around $0.11
  • Sell to open the XBI Jun Week One (6/3) 70 Call for around $1.03
  • Set initial credit limit at $0.92, but adjust as needed to roll today

New Cost Basis: $92.93

Go to Top
×