We rolled our Devon Energy (DVN) put yesterday to generate a large chunk of cash. Today’s pop in the stock sent the put premium down to our target exit price. Let’s close it now rather than hold another two weeks. Current Stock Price: $48.86 Cash in Hand: $0.99 Action: Buy to close the DVN 14…
Let’s roll our Devon Energy (DVN) put out two weeks and to a lower strike. This will allow us to reduce our exposure while nearly doubling our cash in hand. Current Stock Price: $47.91 Cash in Hand: $0.51 Action: Buy to close the DVN 30 Jun 48 Put for around $0.39 Sell to open the…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) 30 Jun 48 Put for around $0.51. You can go as low as $0.44, but please don’t start there and always use limit orders. (Current stock price: $50.04) TRADE TWO: Sell to open Alphabet (GOOGL) 30…
Let’s book fast profits on our Devon Energy (DVN) put. Current Stock Price: $53.91 Cash in Hand: $0.45 Action: Buy to close the DVN 5 May 51 Put Current Option Price: $0.18-$0.20 Recommended Limit: Set your initial limit order at $0.19, but adjust as needed to close today Profit: $0.26, or $26 per contract Rate…
Below are the trades we recommended in today’s Options Income Live Trading Session. Note that option prices may have moved since the Live Trading Session.…
Let’s book fast profits on our Devon Energy (DVN) put, earning an excellent annualized rate of return. Current Stock Price: $55.15 Cash in Hand: $0.44 Action: Buy to close the DVN 21 Apr 52 Put Current Option Price: $0.20-$0.21 Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today…
Below are the trades we recommended in today’s Options Income Live Trading Session. Note that option prices may have moved since the Live Trading Session.…
I am recommending we close our Devon Energy (DVN) put with a small loss rather than risk the stock reversing before expiration. Current Stock Price: $54.30 Cash in Hand: $0.21 Action: Buy to close the DVN Mar Week One (3/3) 53 Put Current Option Price: $0.27-$0.30 Recommended Limit: Set your initial limit order at $0.29,…
We temporarily exited our Devon Energy (DVN) position by selling our shares to avoid the company’s earnings announcement. The stock sold off 17% last week after the fracker reported disappointing fourth-quarter results and has continued to drift. Devon’s adjusted fourth-quarter earnings of $1.66 per share declined from a year ago and missed the consensus analyst…
Devon Energy (DVN) is scheduled to report earnings tomorrow. I am recommending we sell the shares we were assigned last week, incurring a net debit. I will recommend a put to sell following the announcement to reduce our net debit. Current Stock Price: $63.35 Cost Basis: $63.83 Action: Sell shares at market Net Debit: $0.48…
