Our Moderna (MRNA) and Roku (ROKU) bull put spreads are on track to expire worthless. We will continue selling spreads on MRNA to reduce our net debit on the position. And we will book the maximum profit on ROKU. MRNA Oct Week Five (10/29) 300/290 Put Spread Current Stock Price: $340.22 Net Debit: $5.49 Action:…
Below are the trades from today’s Income Masters Live Trading Session. Action on Existing Position I am recommending we roll our SPDR S&P Biotech ETF (XBI) put out one week. You can sell the Oct. 29 put even if you were not in the previous position. Just be aware that we will be managing and…
I am recommending we close our Lululemon Athletica (LULU) and Roku (ROKU) bull put spreads rather than risk holding through expiration. We will be exiting the LULU position with a loss, as I do not like the way the stock is trading. With ROKU, we will be accepting a smaller profit, but we’re still earning…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Starbucks (SBUX) Oct Week One (10/1) 114 Put for around $1.12. You can go as low as $1.01, but please don’t start there and always use limit orders. (Current stock price: $114.29) TRADE TWO: Sell to open the…
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…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Chewy (CHWY) Aug Week Two (8/13) 87.50 Put for around $1.27. You can go as low as $1.15, but please don’t start there and always use limit orders. (Current stock price: $90.80) TRADE TWO: Sell to open the…
Our Chewy (CHWY) put and Roku (ROKU) bull put spread are on track to expire worthless. I consider the CHWY trade to be a great success. By exercising patience with our recovery trade, we were able to turn a big paper loss into a small profit. With ROKU, we will earn a 5% return on…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Western Digital (WDC) Jul Week One (7/2) 70 Put for around $0.77. You can go as low as $0.70, but please don’t start there and always use limit orders. (Current stock price: $70.83) TRADE TWO: Sell to open…
Our Microsoft (MSFT), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on MSFT, ROKU and SQ. And I will recommend another PTON spread in the near future as we continue to work down our net debit on the position. MSFT Dec Week One…
Our Lululemon Athletica (LULU), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on ROKU, and I will recommend another LULU and SQ spread in the near future as we continue to work down our net debit on those positions. LULU Nov Monthly (11/20) 310/300 Put Spread…
