I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) calls out two weeks and to lower strikes to generate more income and reduce our cost basis on the positions. GM Jun Week Four (6/24) 34 Call Current Stock Price: $33.02 Cost Basis: $47.12 Action: Buy to close the GM Jun Week…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts out one week and to higher strike prices to generate more income and reduce our net debits on the positions. Note that these trades are only for members already in the positions. GM Jun Week Two (6/10) 37 Put Current Stock…
I am recommending we roll our General Motors (GM) and Pfizer (PFE) puts to generate more income and reduce our net debits on the positions. GM has run up over the past week, so we are going to capture more premium by rolling to a higher strike. You can enter the second leg of today’s…
I am recommending we spend a little cash to roll our General Motors (GM) put out one week and to a lower strike price to reduce our risk and buy time for the stock to move higher. Note that this trade is only for members already in the position. Current Stock Price: $35.62 Net Debit:…
I am recommending we roll our General Motors (GM) and Lyft (LYFT) puts to avoid potential assignment and generate more income, which will reduce our net debits on the positions. Note that these trades are only for members who are already in the positions. GM May Monthly (5/20) 37 Put Current Stock Price: $35.96 Net…
I am recommending we roll our General Motors (GM) put out one week to generate more income and reduce our net debit on the position. There was an excellent article in The New York Times this week about CEO Mary Barra and the company’s initiatives and investments in batteries and electric vehicles. You can enter…
We closed our position in core stock General Motors (GM) ahead of the company’s earnings announcement. The automaker beat first-quarter earnings estimates and maintained its 2022 guidance despite a number of issues, including supply chain snags. Management also said it continues to ramp up electric vehicle production. While the stock is roughly flat since the…
Our General Motors (GM) call expired worthless last week. The company is scheduled to report earnings after the close today and I do not want to risk holding shares through the announcement. I am recommending you sell your shares now and we will re-enter the position by selling a put once the earnings dust settles.…
