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Income Masters Trading Session: CVS, SBUX, KR

Below are the trades from today’s Income Masters Live Trading Session.

Action on Existing Positions

I am recommending we roll our CVS Health (CVS) and Starbucks (SBUX) calls.

CVS Aug Week Four (8/27) 86 Call

Current Stock Price: $82.95

Cost Basis: $84.84

Action:

  • Buy to close the CVS Aug Week Four (8/27) 86 Call for around $0.02
  • Sell to open the CVS Sep Week Two (9/10) 85 Call for around $0.52
  • Set initial credit limit at $0.50

New Cost Basis: $84.34

SBUX Aug Week Four (8/27) 116 Call

Current Stock Price: $115.05

Cost Basis: $116.10

Action:

  • Buy to close the SBUX Aug Week Four (8/27) 116 Call for around $0.23
  • Sell to open the SBUX Sep Week Two (9/10) 117 Call for around $0.83
  • Set initial credit limit at $0.60

New Cost Basis: $115.50

New Trade

TRADE ONE: Sell to open the Kroger Co. (KR) Aug Week Four (8/27) 46 Put for around $0.94. You can go as low as $0.85, but please don’t start there and always use limit orders. (Current stock price: $45.11)

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