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, WBA

Let’s close our General Motors (GM) put. The company is scheduled to report earnings next week and I do not want to hold a position through the announcement. I will recommend a new put to sell to reduce our net debit once we see how the Street reacts to earnings.

I am also recommending we book profits on our Walgreens Boots Alliance (WBA) put.

GM Oct Week Four (10/22) 57 Put

Current Stock Price: $58.08

Net Debit: $2.17

Action: Buy to close the GM Oct Week Four (10/22) 57 Put

Current Option Price: $0.12-$0.13

Recommended Limit: Set your initial limit order at $0.13, but adjust as needed to close today

New Net Debit: $2.30

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

WBA Oct Week Four (10/22) 47.50 Put

Current Stock Price: $49.06

Cash in Hand: $0.34

Action: Buy to close the WBA Oct Week Four (10/22) 47.50 Put

Current Option Price: $0.02-$0.03

Recommended Limit: Set your initial limit order at $0.03, but adjust as needed to close today

Profit: $0.31, or $31 per contract

Rate of Return: 0.7% in three days, or 79% on an annualized basis

Go to Top
×