AMAT

Income Masters Trade Alert: AMAT

Let’s book profits on our Applied Materials (AMAT) put, earning a 0.4% return in three days, or 49% annualized. Current Stock Price: $111.70 Cash in Hand: $0.78 Action: Buy to close the AMAT Apr Week Four (4/28) 110 Put for around $0.34, but adjust as needed to close today Profit: $0.44, or $44 per contract

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Income Masters Trade Alert: AMAT

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…

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Income Masters Trade Alert: AMAT

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…

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Income Masters Trade Alert: AMAT

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…

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Income Masters Trade Alert: AMAT

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…

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