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: CHWY, GM, MRVL

While I didn’t host a Live Trading Session today, I am introducing three new trades — two new puts and a buy-write.

Each of the stocks we are trading today should be familiar to members, as we have successfully traded them in the past.

First, is a put trade on one of my favorite income stocks, Chewy (CHWY). The online pet retailer has thrived amid the pandemic, which spurred pet adoption rates and the trend toward online shopping. This volatile stock is up 7% today, and we are going with a 97.50 put.

Next up is General Motors (GM), which is also up big today following the launch of its new electric vehicle business unit BrightDrop. This new unit will offer GM’s commercial customers, such as FedEx (FDX), electric and connected products and software tools. Let’s sell the 45.50 put for a nice chunk of cash.

Finally, we have semiconductor stock Marvell Technology Group (MRVL). I expect the chip sector to show strong growth in 2021, regardless of what happens with the overall economy. I am recommending a buy-write trade on MRVL.

CHWY

Current Stock Price: $103.65

Action: Sell to open the CHWY Jan Monthly (1/15) 97.50 Put

Current Option Price: $ 0.75-$0.85

Recommended Limit: Set your initial limit order at $0.80. You can go as low as $0.65, but please don’t start there and always use limit orders.

Expiration: After the close on Friday, Jan. 15

Potential Rate of Return: 0.8% in four days, or 75% on an annualized basis, if this option expires worthless

GM

Current Stock Price: $46.98

Action: Sell to open the GM Jan Monthly (1/15) 45.50 Put

Current Option Price: $0.34-$0.37

Recommended Limit: Set your initial limit order at $0.35. You can go as low as $0.29 but please don’t start there and always use limit orders.

Expiration: After the close on Friday, Jan. 15

Potential Rate of Return: 0.8% in four days, or 70% on an annualized basis, if this option expires worthless

MRVL

Current Stock Price: $50.67

Action:

  • Buy shares at market
  • Sell to open the MRVL Jan Monthly (1/15) 51 Call for around $0.68

Cost Basis: $49.99

Expiration: After the close on Friday, Jan. 15

Potential Rate of Return: 2% in four days, or 182% on an annualized basis, if shares are called away

Go to Top
×