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

PIPC Update

Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend.

AAPL Jun Monthly (6/18) 128 Put

Apple (AAPL) remains stuck, but if it stays above $130 for another few days, we can assume it has entered a new trading range with a higher floor.

Our put is on track to expire worthless. We will sell another one next week.

Current Stock Price: $130.89

Action: Watch put expire worthless

CHWY Jun Monthly (6/18) 73 Put

Chewy (CHWY) is up around 5% this week and firmly in a new trading range with a $75 floor. Shares still sit more than 50% below their all-time high, though, and I see the stock as undervalued.

Our put is on track to expire worthless. We will sell another one next week.

Current Stock Price: $78.06

Action: Watch put expire worthless

GM Jun Week Four (6/25) 61 Put

General Motors (GM) said this week that it plans to increase its investment in electric and autonomous vehicles by 75% to $35 billion between 2020 and 2025. Going forward, I expect GM’s valuation to be increasingly pegged to these initiatives. Given this, the stock has plenty of room to run.

We rolled our put on Thursday to avoid assignment and buy ourselves some time for shares to move higher.

Current Stock Price: $59.39

Action: No action is needed at this time

TWTR Jun Week Four (6/25) 60 Put

Twitter (TWTR) remains about 25% below its all-time high, reached in February, but the stock has moved up strongly in the past month. If it can stay above $60 for a few days next week, I would not be surprised if shares break out.

We rolled our put on Thursday to avoid assignment and buy ourselves some time for the stock to move higher.

Current Stock Price: $60.65

Action: No action is needed at this time

Disclosure: I have positions or trade in and out of AAPL, CHWY, GM and TWTR.

Go to Top
×