We are on track to be assigned shares of Applied Materials (AMAT). The market sell-off this week and over the past month has been particularly unkind to the semiconductor sector. Fears of still-hot inflation and further aggressive rate hikes by the Federal Reserve have hit stocks like AMAT hard. As you know, I am bullish…
As I said in the previous alert, semiconductor stocks were hit in the second half of August on concerns about how a potential recession will impact demand from the automotive and industrial end markets in addition to consumer electronics. I believe these fears are overblown. Like Micron Technology (MU), Applied Materials (AMAT) is significantly undervalued…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Applied Materials (AMAT) Sep Week One (9/2) 99 Put for around $0.90. You can go as low as $0.82, but please don’t start there and always use limit orders. (Current stock price: $103.99) TRADE TWO*: Sell to open the…
The trade I recommended a few minutes ago in Applied Materials (AMAT) failed to take into account that earnings are expected after the close today. The stock is up since the alert went out and we can close now with a small profit. This is the prudent move rather than risk holding through the announcement.…
There was no live trading this week, and I held off putting on new trades to see if the market would react to the Federal Reserve meeting minutes. With that out of the way, I am recommending two new trades. TRADE ONE: Sell to open Applied Materials (AMAT) Sep Week One (9/2) 100 Put for…
I am recommending we book profits on our Applied Materials (AMAT), Starbucks (SBUX) and Valero (VLO) puts. While we will be giving back some cash to do so, this is not the kind of market where it pays to get greedy. Mr. Market has been unpredictable, and we have more bank earnings coming out on…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Applied Materials (AMAT) Jul Week Four (7/22) 82 Put for around $0.69. You can go as low as $0.63, but please don’t start there and always use limit orders. (Current stock price: $88.05) TRADE TWO: Sell to open Starbucks…
Let’s book fast profits on our Applied Materials (AMAT) and Starbucks (SBUX) positions. AMAT Jul Week Two (7/8) 85 Put Current Stock Price: $89.97 Cash in Hand: $0.61 Action: Buy to close the AMAT Jul Week Two (7/8) 85 Put for around $0.14, but adjust as needed to close today Profit: $0.47, or $47 per…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) Jul Week Two (7/8) 50 Put for around $0.38. You can go as low as $0.33, but please don’t start there and always use limit orders. (Current stock price: $55.61) TRADE TWO: Sell to open Applied…
Applied Materials (AMAT) is rebounding this morning following its post-earnings sell-off. Let’s use this opportunity to book fast profits on our put position. Current Stock Price: $109.03 Cash in Hand: $0.70 Action: Buy to close the AMAT May Week Four (5/27) 97 Put for around $0.30, but adjust a needed to close today Profit: $0.40,…
