We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out two weeks to generate more income and reduce our net debits on the positions. Note that these rolls will take us out past the June Federal Reserve meeting, which could lead to volatility in the financial services sector. You can…
The financial services sector has moved up this week. I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts to generate more income and reduce our net debits on the positions. Since the BAC put is in the money and we are rolling mainly to buy more time and reduce our…
Our Bank of America (BAC), Citigroup (C) and Delta Air Lines (DAL) puts are in the money after the stocks got hit in the broader market sell-off. I am recommending we roll our puts out one week to avoid potential assignment and generate more income. Note that these trades are only for members already in…
We temporarily exited our positions in Bank of America (BAC) and Citigroup (C) to avoid risk associated with this week’s Federal Reserve decision on interest rates. Now that it is behind us, we can get back to trading these stocks for income. I am recommending puts to sell to reduce our net debits on the…
We have uncovered shares of Bank of America (BAC), Citigroup (C), Pfizer (PFE) and Lyft (LYFT) that we need to sell to temporarily exit the positions. We are selling BAC and C to avoid risk related to this week’s Federal Reserve meeting. And we are selling PFE and LYFT to avoid the companies’ respective earnings…
The Federal Reserve is set to meet next week, and the outcome is of great (perhaps too great) interest to Wall Street. The historical relationship between banks stocks and interest rates — i.e., banks stocks go up when interest rates do — has not played out this time around. Our Bank of America (BAC) and…
It’s time to re-enter our positions in Bank of America (BAC) and Citigroup (C). Both stocks are higher over the past week despite a mixed bag of earnings from the country’s biggest banks. For its part, Bank of America reported better-than-expected first-quarter revenue of $23.33 billion and earnings per share of $0.80. Meanwhile, management said…
Bank of America (BAC) is selling off today with the sector following a mixed earnings report from JPMorgan Chase (JPM). BofA is scheduled to report Monday before the close, and I do not want to hold a position through the announcement. Therefore, I am recommending you close now by buying back the call and selling…
