Let’s close our Peloton Interactive (PTON) put rather than roll, booking a small profit. The company is scheduled to report earnings next week. And as I mentioned when we entered the trade, I do not want to hold a position through the announcement. Current Stock Price: $90.15 Cash in Hand: $0.70 Action: Buy to close…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE*: Sell to open Williams-Sonoma (WSM) Nov Monthly (11/19) 175 Put for around $5.55. You can go as low as $5.20, but please don’t start there and always use limit orders. (Current stock price: $181.23) Or… Sell to open the WSM Nov Monthly…
I am recommending a new bull put spread on Moderna (MRNA). The income we generate will reduce our net debit on the position. However, you can enter today’s spread even if you were not in the previous position. Just be aware that we will be tracking and managing it based on the ongoing position. And…
Our Apple (AAPL), Moderna (MRNA), Peloton Interactive (PTON) and Williams-Sonoma (WSM) bull put spreads are on track to expire worthless. We will continue selling spreads on PTON and MRNA to reduce our net debits on the positions. And we will book the maximum profit on AAPL and WSM. AAPL Oct Monthly (10/15) 135/130 Put Spread…
We have a net debit on Peloton Interactive (PTON) from an ongoing spread position. I am recommending we initiate a new spread today, which will reduce our net debit You can enter today’s spread even if you were not in the previous trade. Just be aware that we will be tracking it as an ongoing…
We have positions in Best Buy (BBY), CVS Health (CVS) and Peloton Interactive (PTON) expiring today. Our BBY put is deep in the money, so I am recommending we accept shares. We will sell a call against them soon to lower our cost basis on the position. Next, I am recommending we roll our CVS…
Peloton Interactive (PTON) is down more than 8% today after the company reported a larger-than-expected loss. I expect the sell-off to be short-lived and $100 to hold as support. We have a net debit on PTON from an ongoing spread position. I am recommending we initiate a new silly spread today to reduce that net…
We have three bull put spreads expiring today. Our Lululemon Athletica (LULU) and Roku (ROKU) spreads are on track to expire worthless. The top leg of our Peloton Interactive (PTON) spread is in the money, so I am recommending we spend some cash to close it. With LULU and PTON, we will sell new spreads…
We have Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads expiring today. Our LULU spread is on track to expire worthless. We will sell a new spread soon to continue to work down our net debit on the position. PTON, on the other hand, needs to be rolled to avoid assignment. LULU Jul Week…
Below are the trades from today’s Income Masters Live Trading Session. Note: We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. The spreads I recommended today will reduce those net debits. However, you can enter today’s spreads even if you were not in the previous trades. Just be…
