We are on track to be assigned shares of Applied Materials (AMAT). The market sell-off this week and over the past month has been particularly unkind to the semiconductor sector. Fears of still-hot inflation and further aggressive rate hikes by the Federal Reserve have hit stocks like AMAT hard. As you know, I am bullish…
I am recommending a new bull put spread on Expedia (EXPE) to generate income and reduce our net debit in the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are…
Our Expedia (EXPE) Aug Monthly (8/19) 90/85 Put Spread is on track to expire worthless. We will simply watch it do so. I will recommend a new spread soon to generate more income and reduce our net debit on the position. Current Stock Price: $108.52 Net Debit: $4.80 Action: Watch spread expire worthless
Expedia (EXPE) shares popped this morning after the company delivered better-than-expected quarterly results amid a strong rebound in travel. Revenue was up more than 50% year over year to $3.18 billion. And adjusted earnings per share of $1.96 easily beat the $1.56 a share analysts were expecting. I am recommending another spread to reduce our…
We have positions in Expedia (EXPE), Mosaic Company (MOS), VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) expiring today. The long leg of our EXPE put spread is on track to expire worthless. The company is scheduled to report earnings next week. We will put on a new spread after we see how investors react…
I want to temporarily close the short leg of our Expedia (EXPE) bull put spread, as well as our Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) puts ahead of today’s Federal Reserve announcement. While the market seems to have priced in 75-basis-point rate increases in July and September and is rallying today, we could…
Expedia (EXPE) briefly dipped below $90 last week before rebounding back to the mid-$90s. Our spread expired worthless last week, so I am recommending another one to reduce our net debit on the position. The top leg is more than 8% out of the money. You can enter today’s trade even if you were not…
Our Expedia (EXPE) spread is well out of the money and on track to expire worthless. We will simply watch it do so and sell another spread soon to reduce our net debit on the position. Our FedEx (FDX) spread is also out of the money, but the stock is giving back some of today’s…
Our Expedia (EXPE) bull put spread is deep in the money. Let’s roll it now to avoid assignment. We will be lowering the strikes significantly. Current Stock Price: $98.61 Net Debit: $1.28 Action: Buy to close the EXPE Jun Monthly (6/17) 115 Put for around $16.85 Sell to close the EXPE Jun Monthly (6/17) 110…
I am recommending a new Expedia (EXPE) bull put spread to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to spread trading,…
