RUN

OIB Trade Alert: BAC, RUN

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…

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OIB Trade Alert: RUN

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…

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OIB Trade Alert: RUN, SCHW

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…

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OIB Trade Alert: LYFT, RUN

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…

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OIB Trade Alert: LYFT, RUN

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.…

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OIB Trade Alert: RUN

We have a large net debit on Sunrun (RUN), but I remain bullish on the solar sector and the company in particular. We will exit this position before earnings are reported on May 4 and re-enter after the announcement. Current Stock Price: $25.71 Net Debit: $16.48 Action:   Buy to close the RUN Apr Monthly…

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OIB Trade Alert: RUN

We have a large net debit on Sunrun (RUN) after being called out of shares. However, I am not ready to throw in the towel yet.   RUN appears to have put in a trading bottom at its late-February lows. While the stock is more speculative than the typical Options Income Blueprint stock and only…

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