Foot Locker (FL) has not worked out for us despite today’s pop on stronger-than-expected retail sales data. This was designed to be a short-term trade given the heavy weight of rising inflation on consumer discretionary stocks. Therefore, I am recommending we close the position now at a loss rather than rolling it out. We will…
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…
We have a number of positions set to expire this week, and with markets selling off today on the escalating coronavirus outbreak, I want to get a jump on managing some of them. As a quick note, I believe today’s sell-off is an overreaction, but Mr. Market sets the price even when he is being…
https://vimeo.com/386286076 Download Presentation Slides Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session. TRADE ONE: Sell to open the Halliburton (HAL) Jan Week Four (1/24) 24 Put for around $0.21. You can go as low as $0.18, but please don’t start there and always use limit orders. (Current stock price: $24.34) TRADE TWO:…
