Below are the trades from today’s Income Madness Live Trading Session. Action on Existing Positions I am recommending we roll our CVS Health (CVS) put and book profits on YETI Holdings (YETI). CVS May Week Two (5/14) 85 Put Current Stock Price: $84.13 Cash in Hand: $0.75 Action: Buy to close the CVS May Week…
The market is falling today despite some stellar earnings reports from big tech companies. This leads me to believe this growth must have been priced in already and that Wall Street is more concerned with too much growth (i.e., inflation) and its effect on the bond market. In light of this, I am recommending we…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Apr Week Five (4/30) 83 Put for around $0.76. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $84.54) TRADE TWO: Sell to…
Our Advanced Micro Devices (AMD) shares are on track to be called away at a small profit. If the stock happens to close below $81, our call with expire worthless and we will sell another one soon. Our Danaher (DHR) shares are also on track to be called away, albeit at a much larger profit.…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and Moderna (MRNA). AAPL Jan Monthly (1/21/22) 100/Apr Week Two (4/9) 125 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $129.18 Cost Basis: $34.50 Action:…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD) and SPDR S&P Regional Banking ETF (KRE). Our Western Digital (WDC) put is on track to expire worthless, allowing us to book the maximum profit. AAPL Jan Monthly (1/21/22) 100/Apr Week One (4/1) 124 Call Spread Note: No action is…
I am recommending we roll our positions in Apple (AAPL), Advanced Micro Devices (AMD), CVS Health (CVS) and General Motors (GM). AAPL Jan Monthly (1/21/22) 100/Mar Week Four (3/26) 125 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $119.36 Cost Basis: $35.68…
I am recommending we roll our expiring call positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and Danaher (DHR). AAPL Jan Monthly (1/21/22) 100 Call Spread Note: No action is needed on our AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $122.11 Cost Basis: $36.80 Action: Buy to close…
I am recommending we roll our expiring positions in Apple (AAPL), Advanced Micro Devices (AMD), Chewy (CHWY) and CVS Health (CVS). AAPL Jan Monthly (1/21/22) 100/Mar Week Two (3/12) 130 Call Spread Note: No action is needed on the AAPL Jan Monthly (1/21/22) 100 Call at this time. Current Stock Price: $122.24 Cost Basis: $38.08…
The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell said in his speech today that the economic reopening could cause inflation, but he also said the price increases likely would not be enough…
