AAPL

Income Masters Trade Alert: AAPL

I am recommending we roll our Apple (AAPL) put to avoid assignment, generate income and reduce our net debit on the position. Current Stock Price: $172.07 Net Debit: $5.07 Action: Buy to close the AAPL May Week Two (5/12) 172.50 Put for around $0.18 Sell to open the AAPL May Monthly (5/19) 172.50 Put for…

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Income Masters Trade Alert: AAPL

I am recommending we sell an Apple (AAPL) put to generate income and reduce our net debit on the position. The stock rallied Friday after the company delivered better-than-expected quarterly results. Revenue declined 2.5% year over year to $94.8 billion, but it was better than the $92.6 billion analysts were predicting. Sales of iPhones also…

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Income Masters Trade Alert: AAPL

I am recommending we roll our Apple (AAPL) call out one month and to a higher strike price to avoid having our shares called away. While we will need to spend some cash to do so, we are picking up another $5 per share in potential appreciation. Current Stock Price: $150.81 Cost Basis: $150.05 Action:…

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Income Masters Trade Alert: AAPL

Our Apple (AAPL) call is deep in the money. Let’s roll it out a month to avoid being called out of shares. We are moving the strike price up to capture more potential appreciation, while the income we generate will reduce our cost basis on the position. Current Stock Price: $154.90 Cost Basis: $150.25 Action:…

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Income Masters Trade Alert: AAPL

The protective put we purchased to hedge our position ahead of Apple’s (AAPL) earnings announcement is on track to expire worthless. AAPL rallied after reporting despite the company delivering disappointing revenue and earnings for its fiscal first quarter. While revenue was down 5% year over year to $117.2 billion, it was up on a constant…

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Income Masters Trade Alert: AAPL

Apple (AAPL) is scheduled to report earnings after the close today. The stock is running up into the announcement and our call is deep in the money. However, it’s possible shares could sell off sharply if earnings disappoint. Therefore, I am recommending we buy a protective put to hedge our position. If AAPL declines sharply…

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Income Masters Trade Alert: AAPL

Our Apple (AAPL) call is deep in the money. I am recommending we spend some cash to roll it out to the February expiration and pick up an additional $4 per share in potential capital appreciation. We will be purchasing a protective put to hedge the position prior to the company’s earnings release, which is…

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Income Masters Trade Alert: AAPL, TGT

I am recommending we roll our Apple (AAPL) and Target (TGT) calls to generate more income and reduce our cost basis on the positions. Both stocks are up nicely to start the new year. Note that we are likely to hedge both companies’ upcoming earnings announcements with protective puts. AAPL Jan Monthly (1/20) 135 Call…

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