The year is drawing to a close, and I’m sure many of you will be happy to be put this one behind you and start fresh in the new year. 2022 was an extraordinarily tough year for all swaths of traders. From buy-and-hold investors to options sellers like us, almost everyone took their licks The…
I am recommending we roll our Bank of America (BAC), Citigroup (C) and General Motors (GM) puts out two weeks and to higher strike prices to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones.…
I am recommending we roll our Bank of America (BAC), Citigroup (C) and General Motors (GM) puts out two weeks to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we…
I am recommending we roll our Bank of America (BAC) and Citigroup (C) puts out one week and to higher strike prices to generate more income You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that we will be managing and tracking them…
We exited our Bank of America (BAC) and Citigroup (C) covered call positions last week to avoid holding through earnings. Both companies delivered results that impressed the Street and the stocks rallied. I know it’s frustrating to miss out on that run-up and instead be left with large net debits, but things could have just…
There are two major events in the very near future that could affect our bank stock positions. The first is tomorrow’s Consumer Price Index (CPI) report. The previous report led to a massive sell-off in the broader market. It’s possible investors have come to terms with the fact that inflation remains elevated, but this is…
I am recommending we roll our Citigroup (C) call out two weeks and to a lower strike price to generate more income and reduce our cost basis on the position. Note that the bank is scheduled to report earnings on Oct. 14, which is the new call’s expiration date. Depending on how the market is…
I am recommending we roll our Citigroup (C) call to a higher strike price to capture more potential appreciation, as well as generate more income to reduce our cost basis on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates…
We accepted shares of core stock Citigroup (C) last week. I am recommending a call to sell to reduce our cost basis on the position. If you are not currently in the Citigroup position, you can enter one today via a buy-write. To do so, you must first buy 100 shares of the stock for…
Our Citigroup (C) and Pfizer (PFE) puts are deep in the money following the market’s sharp pullback over the past two weeks. PFE rallied on Thursday following news the Food and Drug Administration granted emergency use authorization (EUA) for omicron booster shots from Pfizer and Moderna (MRNA), which target the most common COVID-19 strains. This…
