While the premium on the Alphabet (GOOGL) put we sold is above our target closeout price of $0.20, we can currently book 50% of our max profit on the trade. Let’s do so and free up capital for Income Madness, which kicks off on Thursday. Current Stock Price: $131.34 Cash in Hand: $0.80 Action: Buy…
Below are the trades from today’s Income Masters Live Trading Session. Alphabet (GOOGL) Current Stock Price: $132.59 Action: Sell to open GOOGL 11 Aug 128 Put for around $0.80. You can go as low as $0.72. Target Exit Price: $0.20 Advance Auto Parts (AAP) Current Stock Price: $74.21 Action: Sell to open AAP 18 Aug…
We rolled our Google (GOOGL) put last week to avoid assignment and generate more income. With the stock up nearly 2% this morning, the premium on our put has fallen below our revised target exit price. Let’s book profits now, earning a 1% rate of return. Current Stock Price: $121.84 Cash in Hand: $1.97 Action:…
Let’s roll our Google (GOOGL) put out two weeks and to a lower strike to avoid potential assignment. This will allow us to reduce our exposure while generating a big chunk of income. Current Stock Price: $118.88 Cash in Hand: $1.07 Action: Buy to close the GOOGL 30 Jun 120 Put for around $1.42 Sell…
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…
