Let’s book profits on our Applied Materials (AMAT) and Microsoft (MSFT) bull put spreads rather than risk a reversal later in the week to collect a few more cents in premium. AMAT Mar Monthly (3/17) 106/101 Put Current Stock Price: $119.45 Cash in Hand: $0.24 Action: Buy to close the AMAT Mar Monthly (3/17) 106…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open United Airlines (UAL) Mar Monthly (3/17) 49 Put for…
Applied Materials (AMAT) is selling off sharply today. To avoid being assigned shares, I am recommending we book a loss on the position now rather than carrying it into the new year. I will send a longer alert this week sharing my thoughts on trading the semiconductor sector in 2023, but for now, let’s close…
I am recommending we roll our Applied Materials (AMAT) and SPDR S&P Biotech ETF (XBI) puts out one week to generate more income and reduce our net debits on the positions. With AMAT, we are also rolling up to a higher strike to capture more income following the pop in shares this week. XBI has…
Applied Materials (AMAT) is holding up well as the Street finally seems to have realized that U.S. trade policies on selling chipmaking equipment to China will not hurt the company in a significant way. I am recommending we roll our put out one week to generate more income and reduce our net debit on the…
I am recommending we roll our Applied Materials (AMAT), Mosaic (MOS), Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) puts to generate more income and reduce our net debits on the positions. AMAT Dec Week One (12/2) 100 Put Current Stock Price: $103.85 Net Debit: $8.08 Action: Buy to close the AMAT Dec Week One…
Applied Materials (AMAT) delivered a Q4 earnings beat and offered up a solid near-term demand outlook. Revenue rose 10% year over year to $6.75 billion. And its product backlog surged 62% to a record $19 billion thanks to a 90% increase in semi systems offerings. Now that earnings are out of the way, I am…
Applied Materials (AMAT) has rocketed more than 50% off its mid-October low and our AMAT Nov Week Two (11/11) 84 Call is deep in the money with our shares on track to be called away significantly below our cost basis. This hurts. There’s no getting around that. But it seems investors may be starting to…
I am recommending we roll our Applied Materials (AMAT) and Micron Technology (MU) calls out two weeks and to higher strike prices following the rally in the underlying stocks. AMAT Oct Week Four (10/28) 82 Call Current Stock Price: $89.60 Cost Basis: $93.50 Action: Buy to close the AMAT Oct Week Four (10/28) 82 Call…
I am recommending we roll our Applied Materials (AMAT) and Micron Technology (MU) calls out one week and to higher strike prices. This will allow us to capture more potential appreciation and generate some income to reduce our cost basis on the positions. AMAT Oct Monthly (10/21) 80 Call Current Stock Price: $80.80 Cost Basis:…
