Our Microsoft (MSFT) bull put spread is well out of the money and on track to expire worthless. However, we’re going to play it safe and spend a penny to close the top leg. We were deep underwater on the positions at one point. But by using an active rolling strategy, we are managing to…
Our Microsoft (MSFT) bull put spread is well out of the money. Since we have a net debit on the position, I am recommending we close the current spread for a few cents and open a new spread. We are going a bit wider with this one – from 5 points to 7.5 points –…
I am recommending a new Microsoft (MSFT) bull put spread to reduce our net debit on the position. You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position. If you are new to spread trading,…
Our Microsoft (MSFT) bull put spread is trading well out of the money, but this is not the kind of market where you want to take anything for granted. Therefore, I am recommending we buy back the top leg of the spread for a few cents and leave the bottom leg in place to (very…
Kroger Co. (KR) looks to have put in a short-term bottom. I am recommending a call to sell against our uncovered shares. The income we generate will reduce our cost basis on the position. Note that this trade is only for people who already own shares of KR uncovered from a previous position. I am…
I am recommending we close our Microsoft (MSFT) spread rather than risk rolling through the weekend. I will recommend a new spread soon to reduce our net debit on the position. Current Stock Price: $274.46 Net Debit: $2.33 Action: Buy to close the MSFT May Week One (5/6) 265 Put for around $0.16 Sell to…
Microsoft (MSFT) is up nearly 6% today after the company reported better-than-expected fiscal third-quarter revenue and earnings on strong cloud computing business. Revenue guidance for the current quarter was in line with analyst estimates. I am recommending a new bull put spread to reduce our net debit on the position. You can enter today’s trade…
Our Microsoft (MSFT) spread is on track to expire worthless. However, given today’s market sell-off, let’s play it safe by closing the top leg now rather than risk holding through expiration for a few more pennies in premium. The bottom leg should expire worthless. We will carry over a net debit and I will recommend…
I am recommending we roll our Microsoft (MSFT) bull put spread out one week and to lower strikes to avoid assignment and give the stock a chance to recover. We are also widening the spread from 5 points to 10 points, which will require you to put up more capital. However, it will also allow…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Morgan Stanley (MS) Apr Week Two (4/8) 84 Put…
