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,…
Applied Materials (AMAT) reported earnings after the bell on Thursday. They came in below expectations, as did the company’s revenue forecast for the current quarter, with management citing supply chain issues. I view this as a short-term problem. Longer-term, AMAT is the leading supplier of chip-making equipment. “We have the orders booked, a full build…
This is the kind of market where you take fast profits where you can. Let’s close our Applied Materials (AMAT) and CVS Health (CVS) puts. AMAT Apr Week Five (4/29) 104 Put Current Stock Price: $110.54 Cash in Hand: $0.51 Action: Buy to close the AMAT Apr Week Five (4/29) 104 Put for around $0.25,…
Below is the trade from today’s Income Masters Live Trading Session. ACTION: Sell to open Applied Materials (AMAT) Apr Week Five (4/29) 104 Put for around $0.51. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $109.53) Download Presentation Slides
Let’s book fast profits on our Applied Materials (AMAT) put and free up capital for new trades. Current Stock Price: $119.99 Cash in Hand: $1.21 Action: Buy to close the AMAT Apr Week Five (4/29) 110 Put for around $0.57, but adjust as needed to close today Profit: $0.64, or $64 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Mosaic Company (MOS) Apr Week Four (4/22) 74 Put for around $0.62. You can go as low as $0.56, but please don’t start there and always use limit orders. (Current stock price: $77.27) TRADE TWO: Sell to open Applied…
We can close our Apple (AAPL), Applied Materials (AMAT), Kroger Co. (KR) and Zoom Video Communications (ZM) positions with terrific profits. So, let’s do it! AAPL Mar Week Four (3/25) 147/142 Put Spread Current Stock Price: $168.58 Cash in Hand: $0.33 Action: Buy to close the AAPL Mar Week Four (3/25) 147 Put for around…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Applied Materials (AMAT) Mar Week Four (3/25) 120 Put for around $1.11. You can go as low as $0.97, but please don’t start there and always use limit orders. (Current stock price: $130.09) TRADE TWO*: Sell to open the…
Taiwan Semiconductor Manufacturing (TSM) reported blowout earnings and the entire chip sector is feeling the love. I am recommending we book a profit on our Applied Materials (AMAT) spread. And let’s roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to a higher strike to capture more potential appreciation. AMAT…
I am recommending we close our Applied Materials (AMAT) put, booking a fast profit and freeing up some capital. Note: No action is needed on the AMAT Jan Monthly (1/21) 145/140 Put Spread at this time. Current Stock Price: $158.37 Cash in Hand: $1.03 Action: Buy to close the AMAT Jan Week One (1/7) 152.50…
