We have positions in Bank of America (BAC), D.R. Horton (DHI), QuantumScape (QS) and SPDR S&P Biotech ETF (XBI) expiring today. Let’s close BAC now to book profits. I am recommending we roll our DHI and XBI puts out one week to buy time for the underlying securities to move higher. Finally, our QS put…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the QuantumScape (QS) Feb Monthly (2/19) 58 Put for around $0.65. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $64.69) TRADE TWO: Sell to open the Bank…
Let’s book profits on our Bank of America (BAC) position. Current Stock Price: $33.10 Cash in Hand: $0.70 Action: Buy to close the BAC Feb Week Two (2/12) 32.50 Put Current Option Price: $0.06-$0.07 Recommended Limit: Set your initial limit order at $0.06, but adjust as needed to close today Profit: $0.64, or $64 per…
The market is bouncing back following yesterday’s sharp sell-off. A number of factors contributed to yesterday’s drubbing. These included the Federal Reserve’s gloomy view of the economy, worries over the pace of coronavirus vaccine rollouts, and the recent spate of volatility in stocks like GameStop (GME) and Tesla (TSLA) that is being driven by the…
I am recommending we roll our Bank of America (BAC) put out one week to avoid assignment and bring in more income. Our Chewy (CHWY) put is on track to expire worthless, but I want to roll out one week to bring in a big chunk of cash. BAC Jan Week Four (1/22) 32.50 Put…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
Bank of America (BAC) is moving higher today. Let’s book profits now rather than hold through big banks’ earnings announcements at the end of the week. Current Stock Price: $32.97 Cash in Hand: $0.41 Action: Buy to close the BAC Jan Monthly (1/15) 32 Put for around $0.16 Profit: $0.25, or $25 per contract
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open the Micron Technology (MU) Jan Monthly (1/15) 77.50 Put for around $0.97. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $79.60) TRADE TWO: Sell to open the…
Today’s market runup gives us the opportunity to book excellent short-term profits on Bank of America (BAC) and General Motors (GM). We will likely trade these names again soon. BAC Jan Week Two (1/8) 30 Put Current Stock Price: $32.36 Cash in Hand: $0.42 Action: Buy to close the BAC Jan Week Two (1/8) 30…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
