Let’s book profits on our 3M (MMM) bull put spread, earning a 5.3% return in seven days, or 278% annualized. While the top leg is 5% out of the money, I do not want to risk an end-of-the-week reversal turning our profit into a position that needs to be managed. Current Stock Price: $100.07 Cash…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open First Solar (FSLR) May Monthly (5/19) 172.50 Put for around $1.60. You can go as low as $1.45, but please don’t start there and always use limit orders. (Current stock price: $180.30) TRADE TWO: Sell to open Airbnb (ABNB)…
Let’s book fast profits on our 3M (MMM) put. Current Stock Price: $106.21 Cash in Hand: $0.70 Action: Buy to close the MMM 5 May 103 Put Current Option Price: $0.32-$0.37 Recommended Limit: Set your initial limit order at $0.35, but adjust as needed to close today Profit: $0.35, or $35 per contract Rate of…
Below are the trades we recommended in today’s Options Income Live Trading Session. Note that option prices may have moved since the Live Trading Session.…
The blue-chip Dow Jones Industrial Average is higher today while the S&P 500 and Nasdaq are selling off. This divergence may be a sign that traders are reining in risk, which might not bode well for stocks overall in the short term. We traded two Dow components last week, Dow (DOW) and 3M (MMM). With…
We have two new trades to put on today – one on an old favorite and another one on an old company that we are new to trading. We’ve had great success trading footwear maker Crocs (CROX). Let’s sell a silly put that is more than 11% out of the money, providing a good deal…
