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…
Lyft (LYFT) got clobbered after management’s second-quarter revenue and adjusted EBITDA forecast fell short of estimates and the company reported a wider-than-expected loss. Revenue of $875.6 million, however, was ahead of estimates. A post-earnings sell-off like this is exactly why we exited our position prior to the announcement. Now that earnings are behind us, we…
We have uncovered shares of Bank of America (BAC), Citigroup (C), Pfizer (PFE) and Lyft (LYFT) that we need to sell to temporarily exit the positions. We are selling BAC and C to avoid risk related to this week’s Federal Reserve meeting. And we are selling PFE and LYFT to avoid the companies’ respective earnings…
We are on track to be assigned shares of Lyft (LYFT). With the company scheduled to report earnings on May 3, I will be recommending that we sell our shares early next week. We will re-enter the position after earnings come out. Pfizer (PFE) is circling the strike price of the call we sold. The…
I am recommending we roll our Lyft (LYFT) and Marvell Technology (MRVL) puts to avoid potential assignment and generate more income. LYFT Apr Week Four (4/22) 36.50 Put Current Stock Price: $36.03 Cash in Hand: $0.81 Action: Buy to close the LYFT Apr Week Four (4/22) 36.50 Put for around $0.77 Sell to open the…
Lyft (LYFT) and Marvell Technology (MRVL) sold off this week with the tech sector. Both stocks are significantly oversold and undervalued. I am recommending we roll our puts out two weeks to generate more income and buy ourselves some time for the stocks to rebound. LYFT Apr Week Two (4/8) 36.50 Put Current Stock Price:…
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…
Let’s book profits on our Salesforce (CRM) and Lyft (LYFT) positions. CRM Mar Monthly (3/18) 180/175 Put Spread Current Stock Price: $204.20 Cash in Hand: $0.27 Action: Buy to close the CRM Mar Monthly (3/18) 180 Put for around $0.105 Sell to close the CRM Mar Monthly (3/18) 175 Put for around $0.0 Set initial…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Lyft (LYFT) Mar Monthly (3/18) 33.50 Put for around $0.37. You can go as low as $0.32, but please don’t start there and always use limit orders. (Current stock price: $37.41) TRADE TWO*: Sell to open the Nvidia (NVDA)…
In this kind of market, you grab fast profits when you can. Let’s close our Lyft (LYFT) and Roku (ROKU) positions, taking money off the table and freeing up capital as we do so. LYFT Mar Monthly (3/18) 32.50 Put Current Stock Price: $39.21 Cash in Hand: $0.50 Action: Buy to close the LYFT Mar…
