Generac Holdings (GNRC) has rallied 30% off its recent lows, pushing our call well into the money and our position into the black. While this was intended to be a long-term position, the stock struggled soon after we initiated the buy-write, with shares falling from the low $120s down to a bottom of $86.29 in…
I am recommending we roll our Apple (AAPL) and Generac Holdings (GNRC) calls out to the January monthly expiration and to higher strike prices to capture a mix of income and potential appreciation. Today’s decline in GNRC is much bigger than the sell-off in the broader market, but as you know, this is a volatile…
I am recommending we roll our Apple (AAPL) and Generac Holdings (GNRC) calls out one week and to lower strike prices to generate more income and reduce our cost basis on the positions. Apple has been bit by analyst forecasts of reduced iPhone sales due to COVID-19 lockdowns in China. Meanwhile, Generac Holdings has moved…
The pop I was hoping for in Generac Holdings (GNRC) did not materialize today. I am recommending we focus on income by selling a call for a large chunk of cash. You can enter today’s trade even if you were not in the previous one. Just be sure to first purchase 100 shares of the…
Our Expedia (EXPE) bull put spread is on track to expire worthless. We will simply watch it do so. I will recommend a new spread soon to reduce our net debit on the position. Generac Holdings (GNRC) is down 17% since we entered the position in late October, however shares seem to have found short-term…
Generac Holdings (GNRC) reported better-than-expected earnings and revenue that was in line with estimates, as well as a reduced full-year forecast that it had pre-announced. While revenue was up 15% year over year, adjusted earnings were down 26%, due in part to $17.9 million worth of bad debt following a bankruptcy filing by one of…
Generac Holdings (GNRC) is selling off this morning. Let’s roll our protective put down to a lower strike, pocketing a good deal of cash that will reduce our cost basis on the position. Note: No action is needed on the GNRC Nov Monthly (11/18) 130 Call at this time. Current Stock Price: $115.04 Current Cost…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Buy 100 shares of Generac Holdings (GNRC) at market ($122.91) and sell to open the GNRC Nov Monthly (11/18) 130 Call for around $5.80. Buy to open the GNRC Nov Monthly (11/18) 115 Put for around $5.25. (Cost basis: $122.36) TRADE TWO:…
