Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session.
Action on Existing Positions
I am recommending we close our Crocs (CROX) and D.R. Horton (DHI) positions and sell a call on our uncovered Marvell Technology Group (MRVL) shares.
CROX Feb Monthly (2/19) 75 Call
Current Stock Price: $79.68
Cost Basis: $71.55
Action:
- Buy to close the CROX Feb Monthly (2/19) 75 Call for around $5.70
- Sell shares at market
Profit: $2.43, or $243 per 100 shares
MRVL Uncovered Shares
Current Stock Price: $51.38
Cost Basis: $51.60
Action: Sell to open the MRVL Feb Week Two (2/12) 51.50 Call for around $0.82
New Cost Basis: $50.78
DHI Feb Monthly (2/19) 75 Put
Current Stock Price: $81.81
Cash in Hand: $2.25
Action: Buy to close the DHI Feb Monthly (2/19) 75 Put for around $0.25
Profit: $2, or $200 per contract
New Positions
TRADE ONE: Sell to open the Chewy (CHWY) Feb Week Two (2/12) 105 Put for around $0.79. You can go as low as $0.66, but please don’t start there and always use limit orders. (Current stock price: $110.37)
TRADE TWO: Sell to open the QuantumScape (QS) Feb Week Two (2/12) 40 Put for around $0.32. You can go as low as $0.25, but please don’t start there and always use limit orders. (Current stock price: $43.95)
TRADE THREE: Buy 100 shares of Blackstone Group (BX) at market ($71.22) and sell to open the BX Feb Monthly (2/19) 72 Call for around $0.77. (Cost basis: $70.45)