Starbucks (SBUX) has run up this week. Let’s book a hefty profit now. Current Stock Price: $114.54 Cash in Hand: $2.32 Action: Buy to close the SBUX Oct Week Four (10/22) 114 Put for around $0.52, but adjust as needed to close today Profit: $1.80, or $180 per contract
I am recommending we roll our Starbucks (SBUX) put to buy more time and generate additional income. Let’s also spend some cash to roll our expiring Target (TGT) call up to a higher price to capture more potential appreciation. SBUX Oct Monthly (10/15) 114 Put Current Stock Price: $112.42 Cash in Hand: $1.88 Action: Buy…
I am recommending we roll our Applied Materials (AMAT) and Starbucks (SBUX) puts out one week to buy time. Let’s accept shares of D.R. Horton (DHI). I will recommend a call to sell against them soon. Finally, I want to close our SPDR S&P Biotech ETF (XBI) put at a small profit. AMAT Oct Week…
Below are the trades from today’s Income Masters Live Trading Session. Action on Existing Position I am recommending we roll our Starbucks (SBUX) put out one week. Note that this trade is only for people who are already in the position. Current Stock Price: $110.71 Cash in Hand: $1.12 Action: Buy to close the SBUX…
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 positions in Corning (GLW) and Starbucks (SBUX) expiring today. I am recommending we accept shares of GLW. I will recommend a call to sell soon. Our SBUX shares are on track to be called away at a nice profit. GLW Sep Week Two (9/10) 41 Put Current Stock Price: $38.76 Cash in Hand:…
Below are the trades from today’s Income Masters Live Trading Session. Action on Existing Positions I am recommending we roll our CVS Health (CVS) and Starbucks (SBUX) calls. CVS Aug Week Four (8/27) 86 Call Current Stock Price: $82.95 Cost Basis: $84.84 Action: Buy to close the CVS Aug Week Four (8/27) 86 Call for…
I am recommending we sell calls against our uncovered shares in CVS Health (CVS), KB Homes (KBH), Starbucks (SBUX) and Western Digital (WDC). CVS Uncovered Shares Current Stock Price: $85.26 Cost Basis: $85.35 Action: Sell to open the CVS Aug Week Four (8/27) 86 Call for around $0.51 New Cost Basis: $84.84 KBH Uncovered Shares…
I am recommending we book profits on Chewy (CHWY) and SPDR S&P Biotech ETF (XBI). Our Starbucks (SBUX) and Western Digital (WDC) puts are in the money. Rather than roll, I am recommending we accept shares. We will sell calls against them soon. CHWY Aug Week Two (8/13) 90 Put Current Stock Price: $96.71 Cash…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week One (8/6) 109 Put for around $0.99. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $111.70) TRADE TWO: Sell to…
