Our Blackstone Group (BX) Mar Week Two (3/12) 70 Call is in the money and our shares are on track to be called away at a profit. While some of you may be lamenting missing out on appreciation in the shares, remember that there is no such thing as a foregone profit. I am happy…
The market has been choppy lately with a downward bias due to concerns about interest rates and the spillover of those concerns from bond to equity markets. Fed Chair Jerome Powell is expected to reassure markets of the central bank’s commitment to its bond-buying program during his appearance at a Wall Street Journal webinar today.…
Our Blackstone Group (BX) call expired worthless last week, so I am recommending a new call to sell today. Note that this recommendation is only for people who already own shares of the stock uncovered from a previous position. I am also recommending we roll the short leg of our CVS Health (CVS) call spread.…
Our Blackstone Group (BX) call is on track to expire worthless. I will recommend a new call to sell against the shares soon. Marvell Technology Group (MRVL) is currently trading above our call’s strike. If our shares are called away, we will book a profit. However, if the stock closes below $51, our call will…
Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. Action on Existing Positions I am recommending we close our Crocs (CROX) and D.R. Horton (DHI) positions and sell a call on our uncovered Marvell Technology Group (MRVL) shares. CROX Feb Monthly (2/19) 75 Call Current Stock Price: $79.68 Cost Basis:…
Editor’s note: This is a reminder that there will be no Market Update or Live Trading Session next week. We will resume after the Labor Day holiday. Michael will be monitoring open positions and send alerts if needed. We have positions in Bank of America (BAC) and Blackstone Group (BX) expiring today. Our BAC shares…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading and Strategy 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…
