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: GM, PFE, SONO

I am recommending we roll our General Motors (GM) put, as well as our Pfizer (PFE) and Sonos (SONO) calls. The income we generate will reduce our net debit/cost basis on the positions as we work our way toward breakeven.

GM Oct Monthly (10/15) 54 Put

Current Stock Price: $58.06

Net Debit: $2.81

Action:

  • Buy to close the GM Oct Monthly (10/15) 54 Put for around $0.02
  • Sell to open the GM Oct Week Four (10/22) 57 Put for around $0.66
  • Set your initial credit limit at $0.64, but adjust as needed to roll today

New Net Debit: $2.17

Expiration: After the close on Friday, Oct. 22

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

PFE Oct Monthly (10/15) 43 Call

Current Stock Price: $41.85

Cost Basis: $46.95

Action:

  • Buy to close the PFE Oct Monthly (10/15) 43 Call for around $0.03
  • Sell to open the PFE Oct Week Four (10/22) 42.50 Call for around $0.28
  • Set initial credit limit at $0.25, but adjust as needed to roll today

New Cost Basis: $46.70

Expiration: After the close on Friday, Oct. 22

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

SONO Oct Monthly (10/15) 33 Call

Current Stock Price: $32.02

Cost Basis: $36.41

Action:

  • Buy to close the SONO Oct Monthly (10/15) 33 Call for around $0.09
  • Sell to open the SONO Oct Week Four (10/22) 33 Call for around $0.36
  • Set initial credit limit at $0.27, but adjust as needed to roll today

New Cost Basis: $36.14

Expiration: After the close on Friday, Oct. 22

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

Go to Top
×