After much deliberation, I have decided it is time to book a loss on Sunrun (RUN). The position has been a big disappointment from the get-go. Shares are down more than 40% since we entered the initial trade a little over a year ago. This is not entirely surprising given 2022’s bear market and investors’…
Both Marvell Technology (MRVL) and Sunrun (RUN) are up sharply today on continued optimism in the chip and green energy sectors. This is due predominately to the Democrats holding the Senate (meaning no significant changes to climate policy) and the potential for more positive relations with China following a meeting between President Joe Biden and…
Sunrun (RUN) has been a big disappointment. After a huge run-up during the spring and summer, shares reversed sharply, losing roughly half of their value between early September and mid-October on concerns that higher interest rates would suppress demand for solar panel installations. However, since its Oct. 24 low, RUN has rocketed 70% higher. This…
Sunrun (RUN) has been a big disappointment. After a huge run-up during the spring and summer, shares have reversed sharply, losing roughly half of their value since mid-September. The selling has been driven in part by concerns that higher interest rates will suppress demand. I believe these fears are overblown, but we will see when…
I am recommending we roll our Bank of America (BAC) put to generate more income and reduce our net debit on the position. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based…
Sunrun (RUN) is up around 9% in the past two trading days. Over the weekend, the Senate approved a $740 billion climate, health care and tax package that includes $374 billion in climate and energy spending. The House is expected to approve the legislation this month, potentially giving solar stocks another boost Therefore, I am…
I am recommending we sell calls on our uncovered shares of Sunrun (RUN) and Charles Schwab (SCHW). Charles Schwab reported better-than-expected results today with revenue up 13% year over year and earnings rising 38.5%. Sunrun is bouncing back today following Friday’s sell-off after Sen. Joe Manchin said he would not support Democrats’ spending bill if…
Lyft (LYFT) is rallying today but remains below the strike price of our call. Uber’s (UBER) recent woes have not shifted investor interest into shares of competitor Lyft, and inflationary pressures are likely to continue to weigh on these stocks. I do not expect a meaningful bounce in the coming weeks. Therefore, after watching our…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
