I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) calls out two weeks and to lower strikes to generate more income and reduce our cost basis on the positions. GM Jun Week Four (6/24) 34 Call Current Stock Price: $33.02 Cost Basis: $47.12 Action: Buy to close the GM Jun Week…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
I am recommending we roll our General Motors (GM) and Marvell Technology (MRVL) puts out one week and to higher strike prices to generate more income and reduce our net debits on the positions. Note that these trades are only for members already in the positions. GM Jun Week Two (6/10) 37 Put Current Stock…
We temporarily exited our Marvell Technology (MRVL) position last week to avoid earnings risk. Shares ran up after the company delivered revenue, earnings and a forecast that were slightly ahead of expectations. I am recommending a put to sell to reduce our net debit on the position. You can enter today’s trade even if you…
Marvell Technology (MRVL) is scheduled to report earnings on Thursday, and I do not want to risk holding a position through the announcement. Let’s sell our shares, incurring a net debit. I will recommend a put to sell once the earnings dust settles to reduce that net debit. I am also recommending a call to…
We have calls on Marvell Technology (MRVL) and Charles Schwab (SCHW) expiring today. If MRVL closes above $55, our shares will be called away. If, however, it closes below that level, our call will expire worthless. The semiconductor maker is expected to announce earnings next week. So, if our call expires worthless, we will sell…
I am recommending a call to sell against our uncovered Marvell Technology (MRVL) shares to reduce our cost basis on the position. Note that this trade is only for members who already own MRVL shares uncovered from a previous position. Current Stock Price: $55.27 Cost Basis: $69.24 Action: Sell to open the MRVL May Monthly…
Our Marvell Technology (MRVL) May Week One (5/6) 71 Put is deep in the money, so I am recommending we accept shares. We will continue to trade this core stock by selling calls to generate income. Current Stock Price: $57.9 Cash in Hand: $1.76 Action: Accept shares Cost Basis: $69.24 Potential Rate of Return: I…
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…
