I am recommending a call to sell against our long AAPL Jun 2023 (6/16/23) 100 Call to reduce our cost basis on the position. Current Stock Price: $136.97 Cost Basis: $44.78 Action: Sell to open the AAPL Jul Week Two (7/8) 140 Call for around $2.40, but adjust as needed to sell a call today…
Our short Apple (AAPL), Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless today. I will recommend new calls soon to reduce our cost basis on the positions, and we are leaving our protective puts in place on all but Apple. AAPL Jun 2023 (6/16/23)…
I am recommending we once more roll the protective put of our Apple (AAPL) LEAP call spread down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on the AAPL Jun 2023 (6/16/23) 100/Jun Monthly (6/17) 150…
The sharp market sell-off has caused the protective put on our Apple (AAPL) LEAP call spread to spike in price. I am recommending we roll it down to a lower strike. This will allow us to reduce our cost basis on the position while keeping our hedge in place. Note: No action is needed on…
Apple (AAPL) has found short-term support above $140. I am recommending a LEAP call spread with a protective put. The primary goal of this trade is to capture appreciation, while generating cash is secondary. And the purchased put will be used to protect us against a downturn in the stock. If you enter this position,…
Let’s keep the profits rolling in by closing our Apple (AAPL) spread. Current Stock Price: $141.64 Cash in Hand: $0.30 Action: Buy to close the AAPL May Week Four (5/27) 130 Put for around $0.05 Sell to close the AAPL May Week Four (5/27) 125 Put for around $0.01 Set initial debit limit at $0.04,…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) May Week Four (5/27) 90 Put for around $0.82. You can go as low as $0.75, but please don’t start there and always use limit orders. (Current stock price: $94.46) TRADE TWO*: Sell to open the…
I am recommending we book profits on our Apple (AAPL) spread and CVS Health (CVS) put now rather than risk holding through expiration. AAPL Apr Week Two (4/8) 167.50/162.50 Put Spread Current Stock Price: $170.14 Cash in Hand: $0.26 Action: Buy to close the AAPL Apr Week Two (4/8) 167.50 Put for around $0.12…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Apr Week One (4/1) 103 Put for around $0.54. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $104.51) TRADE TWO: Sell to open the…
We can close our Apple (AAPL), Applied Materials (AMAT), Kroger Co. (KR) and Zoom Video Communications (ZM) positions with terrific profits. So, let’s do it! AAPL Mar Week Four (3/25) 147/142 Put Spread Current Stock Price: $168.58 Cash in Hand: $0.33 Action: Buy to close the AAPL Mar Week Four (3/25) 147 Put for around…
