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: FSLR, GM

I am recommending we roll our First Solar (FSLR) and General Motors (GM) puts to avoid assignment and buy ourselves some time for the stocks to move higher.

 

Clean energy stocks were hit hard this week, but I believe the sell-off will be short-lived and a rebound will ensue. Both FSLR and GM have strong fundamentals, so we are sticking with them.

FSLR Jul Monthly (7/16) 91 Put

Current Stock Price: $84.63

Cash in Hand: $0.65

Action:

  • Buy to close the FSLR Jul Monthly (7/16) 91 Put for around $6.45
  • Sell to open the FSLR Jul Week Four (7/23) 91 Put for around $6.60
  • Set your initial credit limit at $0.15, but adjust as needed to roll today

New Cash in Hand: $0.80

Expiration: After the close on Friday, July 23

Potential Rate of Return: 0.9% in 11 days, or 29% annualized, if this option expires worthless

GM Jul Monthly (7/16) 60 Put

Current Stock Price: $56.24

Cash in Hand: $1.95

Action:

  • Buy to close the GM Jul Monthly (7/16) 60 Put for around $3.78
  • Sell to open the GM Jul Week Four (7/23) 60 Put for around $3.85
  • Set your initial credit limit at $0.07, but adjust as needed to roll today

New Cash in Hand: $2.02

Expiration: After the close on Friday, July 23

Potential Rate of Return: 3.4% in 25 days, or 49% annualized, if this option expires worthless

Go to Top
×