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…
We have call positions in core stocks General Motors (GM) and Pfizer (PFE) expiring today. Both companies are scheduled to report earnings on Tuesday. Our GM shares are on track to be called away. Our cost basis is much higher than the current share price, which means we will have a large net debit on…
I am recommending we roll our Marvell Technology (MRVL) and Pfizer (PFE) calls out two weeks to generate more cash and reduce our cost basis on the positions. MRVL has outperformed the broader market over the past week. We are rolling our call up to capture more potential appreciation in shares in addition to income.…
I am recommending we sell calls on our uncovered Marvell Technology (MRVL) and Pfizer (PFE) shares to generate income and reduce our cost basis on the positions. You can enter today’s trades even if you were not in the previous positions. Just be sure to purchase 100 shares of the underlying stocks first for every…
Bank of America (BAC) is trending in the right direction, but this has pushed our call in the money. With the bank set to report earnings next week, I am recommending we allow our shares to be called away. Once we see how the market responds to the announcement, we will sell a put to…
