The premium on the Blackstone (BX) put we sold has fallen to our target exit price. Let’s close it now, booking 50% of our max profit and a 0.4% return on our capital. Current Stock Price: $104.67 Cash in Hand: $0.80 Action: Buy to close the BX 4 Aug 102 Put for around $0.40, but…
While there is no live trading session today, the market is finally taking a breather, giving us a chance to put some more capital to work with a new put trade on Blackstone (BX). The asset management firm is down only slightly today after reporting second-quarter results that were a mixed bag. Distributable earnings were…
Blackstone (BX) is up nearly 4% today. Let’s book profits on our put now, earning a 1.1% return in nine days, or 43% annualized. Current Stock Price: $89.72 Cash in Hand: $1.46 Action: Buy to close the BX Apr Week Four (4/28) 90 Put for around $0.51, but adjust as needed to close today Profit:…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Chewy (CHWY) Apr Week Four (4/28) 30 Put for around $0.29. You can go as low as $0.25, but please don’t start there and always use limit orders. (Current stock price: $31.96) TRADE TWO: Sell to open Blackstone (BX)…
The premium on our Blackstone (BX) put has dropped by more than half and we’ve hit our rate-of-return goal. Let’s book profits now rather than holding another four trading days, earning a 0.7% return in seven days, or 36% annualized, and freeing up capital for new trades. Current Stock Price: $85.18 Cash in Hand: $1…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Block (SQ) Mar Week Four (3/24) 72 Put for around $0.77. You can go as low as $0.67, but please don’t start there and always use limit orders. (Current stock price: $77.11) TRADE TWO: Sell to open Blackstone (BX)…
I am recommending we close our Blackstone (BX) put at a loss. Given what has transpired in the banking sector in the past week since we put the trade on, things could have been much worse. Therefore, although the put is currently out of the money, I am playing it safe and closing the position.…
Below are the trades from today’s Income Madness Live Trading Session. ACTION: Sell to open Blackstone (BX) Mar Monthly (3/17) 85 Put for around $0.86.…
I am recommending we book profits on our Blackstone (BX) put. Current Stock Price: $90.96 Cash in Hand: $0.79 Action: Buy to close the BX Mar Week Two (3/10) 86 Put Current Option Price: $0.25-$0.28 Recommended Limit: Set your initial limit order at $0.27, but adjust as needed to close today Profit: $0.52, or $52…
While there is no live trading session today, I am recommending we sell a put on Blackstone (BX). We haven’t traded the asset management firm in this service since 2020, but it provides excellent premiums due to the elevated volatility in the stock. Please do not chase the trade by accepting less premium than the…
