Let’s book fast profits on our Delta Air Lines (DAL) put, earning a 0.8% return in two days, or 144% annualized. Current Stock Price: $39.86 Cash in Hand: $0.51 Action: Buy to close the DAL Feb Week Two (2/10) 38 Put for around $0.21, but adjust as needed to close today Profit: $0.30, or $30…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Delta Air Lines (DAL) Feb Week Two (2/10) 38 Put for around $0.51. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $38.86) TRADE TWO*: Sell to open…
Delta Air Lines (DAL) is rallying following United Airlines’ (UAL) earnings announcement. Let’s book profits now, earning a 0.9% return in six days, or 55% annualized. Current Stock Price: $39.20 Cash in Hand: $0.46 Action: Buy to close the DAL Jan Week Four (1/27) 36.50 Put for around $0.13, but adjust as needed to close today…
Delta Air Lines (DAL) reported better-than-expected fourth-quarter results today. Revenue jumped 42% to $13.4 billion, while earnings soared 573% to $1.48 per share. Management also reiterated its full-year 2023 growth outlook. However, the stock is selling off today on soft first-quarter guidance. I want to take advantage of post-earnings volatility by selling a put. Current…
Let’s book profits on our Delta Air Lines (DAL) put, earning an excellent annualized rate of return and freeing up capital for new trades. Current Stock Price: $31.65 Cash in Hand: $0.36 Action: Buy to close the DAL Oct Monthly (10/21) 29.50 Put Current Option Price: $0.12-$0.13 Recommended Limit: Set your initial limit order at…
We were cautious this week ahead of the September consumer price index report. It tanked the market like the August report, with a core CPI reading that was the highest in four decades. Unlike last time, though, stocks came roaring back to close the session higher. Our cautiousness led us to close our Bristol-Myers Squibb…
I am recommending we close our Delta Air Lines (DAL) put with a small loss. As I said when we put on the position, I want to trade airline stocks anecdotally rather than for the long term. This is due to my belief that the stocks in this sector are fairly to overvalued based on…
I am recommending we roll our Delta Air Lines (DAL) put out one week and to a lower strike to avoid assignment and buy ourselves some time for the stock to recover. We will be giving back some cash to do so, but we are reducing our exposure with the lower strike price. I am…
I am recommending we roll our Delta Air Lines (DAL) and The Trade Desk (TTD) puts out one week and to lower strike prices. This will reduce our exposure and hopefully buy us the necessary time to exit the positions at a profit next week. DAL Aug Week Four (8/26) 33 Put Current Stock Price:…
There was no live trading this week, and I held off putting on new trades to see if the market would react to the Federal Reserve meeting minutes. With that out of the way, I have two new trades on stocks we’ve traded successfully past. Please do not chase the trades by accepting less premium…
