DraftKings (DKNG) is up 10% this morning after the company reported an earnings surprise and raised its sales forecast. Let’s book fast profits on our put. Current Stock Price: $32.99 Cash in Hand: $0.24 Action: Buy to close the DKNG 18 Aug 24 Put Recommended Limit: Set your initial limit order at $0.03, but adjust…
Below are the trades we recommended in today’s Options Income Weekly Live Trading Session. Note that option prices may have moved since the Live Trading…
DraftKings (DKNG) is up more than 3% this morning and the premium on the put we sold has dropped to a nickel. With some big tech earnings on deck and the Federal Reserve meeting this week, let’s book our first winner on the online sports betting company, earning a 0.7% return in seven days, or…
Below are the trades from today’s Income Masters Live Trading Session. SPDR S&P Biotech ETF (XBI) Current Stock Price: $86.24 Action: Sell to open XBI 4 Aug 83.50 Put for around $0.83. You can go as low as $0.78. Target Exit Price: $0.40 DICK’S Sporting Goods (DKS) Current Stock Price: $133.11 Action: Sell to open…
