BAC

OIB Trade Alert: BAC

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…

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OIB Trade Alert: BAC, GM

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…

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OIB Trade Alert: DHI, BAC, CHWY

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…

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Income Madness Trade Alert: BAC

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

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Income Madness Trading Session: MU, BAC, GLW, TDOC

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…

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OIB Trade Alert: BAC, GM

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…

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