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: C, SONO

We have positions in Citigroup (C) and Sonos (SONO) expiring today.

 

I am recommending we close our C put rather than risk holding through expiration, as I am a little uncomfortable with how the banks are trading.

 

Our SONO put is deep in the money. Therefore, I am recommending we accept shares. We will sell a call against them soon.

C Oct Week One (10/1) 71 Put

Current Stock Price: $70.87

Cash in Hand: $0.57

Action: Buy to close the C Oct Week One (10/1) 71 Put for around $0.37, but adjust as needed to close today

Profit: $0.20, or $20 per share

Rate of Return: 0.3% in four days, or 26% on an annualized basis

SONO Oct Week One (10/1) 38 Put

Current Stock Price: $31.69

Cash in Hand: $1.10

Action: Accept shares

Cost Basis: $36.90

Go to Top
×