Next week could be a wild one with a spate of earnings reports from mega tech and a Federal Reserve meeting. However, I do not want to sit on the sidelines. Today, I am recommending we sell a put on fracker Devon Energy (DVN), a name we traded successfully numerous times last year. We’re going…
The market is rallying sharply this morning on a lower-than-expected inflation reading. Let’s use this to our advantage to book profits on Devon Energy (DVN) and Starbucks (SBUX), earning annualized rates of return of 113% and 72%, respectively. DVN Dec Monthly (12/16) 58 Put Current Stock Price: $62.52 Cash in Hand: $0.49 Action: Buy to…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) Dec Monthly (12/16) 58 Put for…
Let’s book fast profits on our Devon Energy (DVN) put, earning a 0.4% return in three days, or 45% annualized, and freeing up capital for new trades. Current Stock Price: $64.92 Cash in Hand: $0.53 Action: Buy to close the DVN Dec Week Two (12/9) 62 Put for around $0.30, but adjust as needed to…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Zoom Video Communications (ZM) Dec Week Two (12/9) 69…
Let’s book fast profits on our Devon Energy (DVN) put, earning an excellent annualized rate of return. Current Stock Price: $68.22 Cash in Hand: $0.52 Action: Buy to close the DVN Dec Week One (12/2) 65 Put Current Option Price: $0.18-$0.21 Recommended Limit: Set your initial limit order at $0.19, but adjust as needed to…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
Devon Energy (DVN) has moved back above our put’s strike today. But rather than wait for the option to expire and risk being assigned shares of this volatile energy stock, I am recommending we close it now at a modest profit. As they say, no one ever went broke taking a profit. Plus, we free…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
Let’s book profits on our Devon Energy (DVN) put, earning a 0.4% return in four days, or 33% annualized. Current Stock Price: $69.83 Cash in Hand: $0.42 Action: Buy to close the DVN Oct Monthly (10/21) 63 Put for around $0.19, but adjust as needed to close today Profit: $0.23, or $23 per contract
