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: SCHW

Our Charles Schwab (SCHW) put is in the money after the stock sold off late this week on no discernable news.

I am recommending we roll our put out one week to buy time for the stock to recover. Plus, we’ll pick up some more income in the process.

Current Stock Price: $71.34

Cash in Hand: $0.56

Action:

  • Buy to close the SCHW Apr Week Four (4/22) 75 Put for around $3.55
  • Sell to open the SCHW Apr Week Five (4/29) 75 Put for around $4
  • Set your initial credit limit at $0.45, but adjust as needed to roll today

New Cash in Hand: $1.01

Potential Rate of Return: 1.3% in 11 days, or 45% annualized, if this option expires worthless

Go to Top
×