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

OIB Trade Alert: BAC, GM, MU

I am recommending we roll our Bank of America (BAC), General Motors (GM) and Micron Technology (MU) calls.

With BAC, I am recommending we spend a little cash to capture another $0.50 in potential appreciation.

With GM and MU, we are taking a different approach. I am recommending we roll to significantly lower strike prices and keep the same expiration date. The goal is to have our shares called away so we can start selling puts on these stocks again.

We will be carrying over our net debits on the positions and continuing to work our way back toward breakeven.

BAC Aug Monthly (8/20) 39.50 Call

Current Stock Price: $41.20

Cost Basis: $41.25

Action:

  • Buy to close the BAC Aug Monthly (8/20) 39.50 Call for around $1.75
  • Sell to open the BAC Aug Week Four (8/27) 40 Call for around $1.50
  • Set your initial debit limit at $0.25, but adjust as needed to roll today

New Cost Basis: $41

Expiration: After the close on Friday, Aug. 27

Potential Rate of Return: I am targeting breakeven for this position

GM Aug Monthly (8/20) 55 Call

Current Stock Price: $51.15

Cost Basis: $56.16

Action:

  • Buy to close the GM Aug Monthly (8/20) 55 Call for around $0.03
  • Sell to open the GM Aug Monthly (8/20) 51 Call for around $0.65
  • Set your initial credit limit at $0.62, but adjust as needed to roll today

New Cost Basis: $55.54

Expiration: After the close on Friday, Aug. 20

Potential Rate of Return: I am targeting breakeven for this position

MU Aug Monthly (8/20) 79 Call

Current Stock Price: $71.38

Cost Basis: $81.89

Action:

  • Buy to close the MU Aug Monthly (8/20) 79 Call for around $0.02
  • Sell to open the MU Aug Monthly (8/20) 71 Call for around $0.99
  • Set your initial credit limit at $0.97, but adjust as needed to roll today

New Cost Basis: $80.92

Expiration: After the close on Friday, Aug. 20

Potential Rate of Return: I am targeting breakeven for this position

Go to Top
×