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)