C

OIB Trade Alert: C

Citigroup (C) sold off after the Federal Reserve announcement last week, prompting us to accept shares. Today, I am recommending we sell a call to reduce our cost basis on this core stock. Note that this trade is only for people who already own shares of C uncovered from a previous position. Current Stock Price:…

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OIB Trade Alert: C, MRVL

Our Citigroup (C) put is deep in the money. I am recommending we accept shares, as rolling will generate little, if any, cash. I will recommend a call to sell against them soon. Our Marvell Technology (MRVL) put is on track to expire worthless, allowing us to book the maximum profit. C Nov Week One…

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OIB Trade Alert: C

I am recommending we roll our Citigroup (C) put out two weeks to avoid assignment and more than double our cash in hand. Current Stock Price: $71.57 Cash in Hand: $0.71 Action: Buy to close the C Oct Week Four (10/22) 72 Put for around $0.53 Sell to open the C Nov Week One (11/5)…

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OIB Trade Alert: C, WBA

While I am not holding a Live Trading Session today, I am recommending new trades on two stocks we trade frequently in Options Income Blueprint. Both companies delivered excellent earnings reports last week. And I am recommending we sell in-the-money puts to collect extremely large premiums. This will give us flexibility to roll or close…

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OIB Trade Alert: C

Let’s book profits on our expiring Citigroup (C) put rather than risk holding through expiration. Current Stock Price: $72.45 Cash in Hand: $0.51 Action: Buy to close the C Oct Week Two (10/8) 72 Put Current Option Price: $0.09-$0.11 Recommended Limit: Set your initial limit order at $0.10, but adjust as needed to close today…

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OIB Trade Alert: C, WBA

Below are the trades I recommended in today’s Options Income Blueprint Live Trading 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 below. Work…

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OIB Trade Alert: C, SONO

We have positions in Citigroup (C) and Sonos (SONO) expiring today.   I am recommending we close our C put rather than risk holding through expiration, as I am a little uncomfortable with how the banks are trading.   Our SONO put is deep in the money. Therefore, I am recommending we accept shares. We…

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OIB Trade Alert: MRVL, C, FIGS

Below are the trades I recommended in today’s Options Income Blueprint Live Trading 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 below. Work…

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