I am recommending we roll our Apple (AAPL), Moderna (MRNA) and Micron Technology (MU) calls out two weeks to generate more income and reduce our cost basis on the positions. With MRNA and MU, we will be lowering our strike prices in return for large chunks of cash. AAPL Sep Monthly (9/16) 160 Call Current…
We were assigned shares of Apple (AAPL) and Moderna (MRNA) last week, Today, I am recommending calls to sell against those shares to reduce our cost basis on the positions. Apple unveiled new products at its annual iPhone event this week, including the iPhone 14, new AirPods and several new Apple Watches. There weren’t any…
We have puts on Apple (AAPL), Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) expiring today. AAPL has sold off with the rest of the tech sector. As I said when we put on the position, the plan was to accept shares if the call was in the money heading into expiration. I will be…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Sep Week One (9/2) 165 Put for around $2.03. You can go as low as $1.92, but please don’t start there and always use limit orders. (Current stock price: $167.72) TRADE TWO*: Sell to open the Zoom…
Let’s book a fast profit on our Apple (AAPL) put, earning 0.8% in six days, or 46% annualized. Current Stock Price: $172.25 Cash in Hand: $1.66 Action: Buy to close the AAPL Aug Monthly (8/19) 167.50 Put for around $0.38, but adjust as needed to close today Profit: $1.28, or $128 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Apple (AAPL) Aug Monthly (8/19) 167.50 Put for around $1.66. You can go as low as $1.56, but please don’t start there and always use limit orders. (Current stock price: $169.14) TRADE TWO: Sell to open Roku (ROKU) Aug…
I am recommending we book profits on our Apple (AAPL) LEAP call spread. Current Stock Price: $145.33 Cost Basis: $42.38 Action: Buy to close the AAPL Jul Week Two (7/8) 140 Call for around $5.50 Sell to close the APL Jun 2023 (6/16/23) 100 Call for around $50.95 Profit: $3.07, or $307 per spread
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…
