Let’s book profits on Bank of America (BAC), Ford (F) and The Trade Desk (TTD). BAC Dec Monthly (12/17) 44 Put Current Stock Price: $44.82 Cash in Hand: $0.89 Action: Buy to close the BAC Dec Monthly (12/17) 44 Put for around $0.11, but adjust as needed to close today Profit: $0.78 or $78 per…
I am recommending we roll our Advanced Micro Devices (AMD), Bank of America (BAC) and First Solar (FSLR) positions out one week to generate more income. AMD Dec Week Two (12/10) 145 Put Current Stock Price: $142.20 Cash in Hand: $2.09 Action: Buy to close the AMD Dec Week Two (12/10) 145 Put for around…
Bank of America (BAC) is running up today. Let’s pounce on this opportunity to close our put. Our patience and active recovery strategy once again paid off, as we will be exiting the position with a profit. Current Stock Price: $44.45 Cash in Hand: $0.45 Action: Buy to close BAC Oct Week Two (10/8) 42.50…
I am recommending we roll our Bank of America (BAC) put to generate more income. Let’s also book fast profits on our Marvell Technology (MRVL) put. BAC Oct Week One (10/1) 42.50 Put Current Stock Price: $42.54 Cash in Hand: $0.05 Action: Buy to close the BAC Oct Week One (10/1) 42.50 Put for around…
Our Micron Technology (MU) put expired worthless on Friday. I said at the time that I would hold off on selling another put to reduce our net debit on the position until after the company announced earnings this week. Micron reported revenue increased 37% year over year to $8.27 billion for its fiscal fourth quarter,…
I am recommending we roll our Bank of America (BAC) put to a higher strike price for this week, taking advantage of expectations of higher interest rates and greater bank profits. The income we generate will turn our net debit into cash in hand. If the new put expires worthless, we will book a small…
I am recommending we roll our Bank of America (BAC) and General Motors (GM) puts. These are recovery positions, and the income we generate from rolling will reduce our net debits as we work our way toward breakeven. BAC Sep Week Four (9/24) 41 Put Current Stock Price: $41.43 Net Debit: $0.37 Action: Buy to…
I am recommending we roll our Bank of America (BAC), General Motors (GM) and Micron Technology (MU) puts. These are recovery positions, and the income we generate from rolling will reduce our net debits as we work our way toward breakeven. BAC Sep Monthly (9/17) 40.50 Put Current Stock Price: $40.15 Net Debit: $0.98 Action:…
Our Bank of America (BAC) shares were called away at a loss at the end of August. However, as I said then, I want to continue the position to work our way back toward breakeven. Therefore, I am recommending a put to sell today. The income we generate will reduce our net debit on the…
Our Bank of America (BAC) Aug Week Four (8/27) 40 Call is in the money. Rather than continue to roll the call, I am recommending we allow our shares to be called away. We will carry over our net debit on the position, and I will recommend a put to sell to reduce that net…
