It’s time to move on from our Pfizer (PFE) position. We will be booking a large loss and did not make this decision lightly. However, there is very little good news in the stock as it relates to selling options for income. PFE continues to make new lows as the accelerated revenue benefit the company…
Our Pfizer (PFE) call is on track to expire worthless. With the company scheduled to report earnings on May 2, we are going to hold off on selling another call until after the announcement. Current Stock Price: $38.82 Cost Basis: $56.34 Action: Watch PFE 28 Apr 40 Call expire worthless
We have calls on General Motors (GM) and Pfizer (PFE) expiring today. Our GM call is on track to expire worthless. We will simply watch it do so. The company is scheduled to report earnings on Tuesday. The plan is to leave our shares uncovered until after the announcement. Once we hear what GM has…
Pfizer (PFE) has run up over the past two weeks and our call is in the money. In addition to money rotating into pharmaceutical stocks recently, this week, a judge ruled that potential plaintiffs didn’t have standing to bring a class-action lawsuit against the company for allegedly steering patients toward high-priced drugs. Let’s roll our…
I am recommending we roll our Bank of America (BAC) and Pfizer (PFE) calls out two weeks and to lower strike prices to generate more income and reduce our cost basis on the positions. Note that the new calls expire on a Thursday, as the market is closed on Friday, April 7, in observance of…
I am recommending we sell calls on our uncovered shares of Bank of America (BAC) and Pfizer (PFE) to generate income and reduce our cost basis on the positions. Shares of Bank of America got whacked with the rest of the financial sector following the collapse of Silicon Valley Bank, Silvergate and Signature Bank, despite…
Bank of America (BAC) and Pfizer (PFE) — two of our core positions – have sold off with the broader market over the past two weeks, down around 10% and 5%, respectively. BAC’s sell-off has been exacerbated by the decline in the financial sector following the collapse of Silicon Valley Bank. While California regulators have…
I am recommending we roll our Bank of America (BAC) and Pfizer (PFE) puts out two weeks to generate more income and reduce our net debits on the positions. BAC Feb Week Four (2/24) 35.50 Put Current Stock Price: $33.92 Net Debit: $9.27 Action: Buy to close the BAC Feb Week Four (2/24) 35.50 Put for…
I am recommending we roll our Bank of America (BAC) put out two weeks and to a higher strike price to generate more income and reduce our net debit on the position. You can enter the second leg of the BAC trade even if you were not in the previous one. Just be aware that…
We temporarily exited our General Motors (GM) and Pfizer (PFE) positions ahead of the companies’ earnings announcements to avoid any unnecessary risk. GM shot up after reporting better-than-expected Q4 revenue and earnings and record profits for the full year. Moreover, management issued upbeat guidance for 2023 and announced it is buying a $650 million stake…
