I am recommending we sell a call on our uncovered CVS Health (CVS) shares. I expect the company to be on the forefront of coronavirus testing and vaccinations, which makes this a good long-term play. Next, the protective put from our Microsoft (MSFT) strangle is on track to expire worthless tomorrow. We will watch it…

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SFPC Trade Alert: NKE

Coronavirus-related pressure continues to hold down our position in Nike (NKE). Therefore, I am recommending we roll our call out one week to generate more cash. Current Stock Price: $91.32 Cost Basis: $99.25 Action: Buy to close the NKE Mar Week One (3/6) 95 Call for around $0.12 Sell to open the NKE Mar Monthly…

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SFPC Trade Alert: CVS, HAL, NKE

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…

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