The market continues to experience violent swings with a bias to the downside. I waited to sell a call on CVS Health (CVS) in hopes that the federal government’s response to the coronavirus pandemic would trigger a bounce in the market. This has not come to pass, so I am recommending selling a call today.…
The market continues to take us on a wild ride of coronavirus and politically induced swings. While I believe the extreme volatility will subside, I expect heightened levels of volatility to remain. Our CVS Health (CVS) and Halliburton (HAL) calls are on track to expire worthless at the close tomorrow, and we will simply watch…
The sell-off that made our hedges so successful has hurt our other positions. This week’s market rout was obviously due in part to fear about the spreading coronavirus and uncertainty about its economic impact. However, I’m with “Bond King” Jeffrey Gundlach in believing that Bernie Sanders’ rise in the national polls has something to do…
Halliburton (HAL) appears to have stabilized after being hit hard by coronavirus-related selling. That makes now a great time to sell a call on our uncovered shares to lower our cost basis. Current Stock Price: $22.02 Cost Basis: $23.59 Action: Sell to open the HAL Feb Week Four (2/28) 22 Call for around $0.51, but…
Let’s get a jump on managing some of our expiring positions. Chewy (CHWY) is bucking the market trend today, with shares up around 1.4%. I am recommending we roll our call out one week and up one strike to capture more potential appreciation. Halliburton (HAL) has been hit hard by coronavirus-related selling. Rather than roll…
I am recommending we roll our positions in Chewy (CHWY), Halliburton (HAL) and Nike (NKE) that are set to expire tomorrow. Doing so will bring in more income and buy us some more time on the positions. CHWY Feb Week One (2/7) 28.50 Call Current Stock Price: $27.35 Cost Basis: $28.40 Action: Buy to close…
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…
Our Halliburton (HAL) put that is set to expire today is in the money. There’s no need to fret, though, as we knew this was a possibility from the get-go. To avoid having shares assigned to us, I am recommending we roll the put out one week — i.e., buying to close the current option…
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:…
