Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend.
AAPL Feb Week Two (2/12) 135 Call
Apple (AAPL) is trading right around our call strike. If it closes below $135, our call will expire worthless and we will sell another one next week. If AAPL closes above that level, our shares will be called away and we will sell a put next week.
Current Stock Price: $134.24
Action: Watch call expire
CHWY Feb Week Two (2/12) 112 Call
Chewy (CHWY) is up 8% today on no news, putting our call deep in the money. We are on track to have shares called away and will sell a put on the stock next week.
Current Stock Price: $117.56
Action: Allow shares to be called away
GLW Feb Monthly (2/19) 37 Put
Corning (GLW) was not able to punch through the $37.50 level this week. Our put is in the money, but expiration is a week away. If the stock breaks out next week, we may roll the position.
Current Stock Price: $36.65
Action: No action is needed at this time
SBUX Feb Monthly (2/19) 107 Put
Starbucks (SBUX) cooled off this week after running up around 10% in the previous two weeks. Our put is in the money, but expiration is a week away.
Current Stock Price: $105.10
Action: No action is needed at this time