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: CVS, MLHR

With the market rallying today, I am recommending we book profits on our CVS Health (CVS) and Herman Miller (MLHR) positions. These closeouts will yield excellent rates of return and taking profits off the table is the smart play.

CVS Mar Week Two (3/12) 70 Call

Current Stock Price: $72.73

Cash in Hand: $68.20

Action:

  • Buy to close the CVS Mar Week Two (3/12) 70 Call for around $2.80
  • Sell shares at market

Profit: $1.73, or $173 per contract

Rate of Return: 2.5% in 15 days, or 60% on an annualized basis

MLHR Mar Monthly (3/19) 40 Put

Current Stock Price: $40.91

Cash in Hand: $2.45

Action: Buy to close the MLHR Mar Monthly (3/19) 40 Put

Current Option Price: $1.65-$1.90

Recommended Limit: Set your initial limit order at $1.78, but adjust as needed to close today

Profit: $0.67, or $67 per contract

Rate of Return: 1.7% in eight days, or 76% on an annualized basis

Go to Top
×