Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Mar Week One (3/5) 37.50 Put for around $0.62. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $37.86) TRADE TWO: Sell to open the…
We were assigned shares of Apple (AAPL) and Starbucks (SBUX) last week, so I am recommending calls to sell against them. If you are not currently in these positions, you can enter them today. Just be sure to purchase 100 shares of the underlying stock first for every call you plan to sell. Never sell…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Feb Monthly (2/19) 133 Put Apple (AAPL) has hit a bit of a rough patch. The stock continued to sell off this week, dropping around 5%. This was due in part to news that Warren Buffett cut his stake…
Our QuantumScape (QS) and Starbucks (SBUX) puts are on track to expire worthless. After more than a year of managing the SBUX position, we are finally able to walk away with a small profit. Considering how deep underwater we were, this is a victory. It’s also proof that our rolling strategy and a good deal…
Our Apple (AAPL) and Chewy (CHWY) shares were called away last week, so I am recommending puts to sell. Note that no action is needed on our Corning (GLW) Feb Monthly (2/19) 37 Put or Starbucks (SBUX) Feb Monthly (2/19) 107 Put at this time. AAPL Current Stock Price: $133.55 Action: Sell to open the…
Here’s where we stand with our Perpetual Income Portfolio Club positions heading into the weekend. AAPL Feb Week Two (2/12) 135 Call Apple (AAPL) is trading right around our call strike. If it closes below $135, our call will expire worthless and we will sell another one next week. If AAPL closes above that level,…
Our Corning (GLW) and Starbucks (SBUX) shares were called away on Friday, so I am recommending selling puts on the stocks today. Note that no action is needed on our Apple (AAPL) Feb Week Two (2/12) 135 Call or Chewy (CHWY) Feb Week Two (2/12) 112 Call at this time. GLW Current Stock Price: $36.77…
I am recommending we roll our Apple (AAPL) and Chewy (CHWY) calls today. If you are not currently in the AAPL position, please do not enter one at this time. I will alert you when it is time to put new money to work. However, if you are not in the CHWY position, you can…
I am recommending we roll our Advanced Micro Devices (AMD), Micron Technology (MU) and Starbucks (SBUX) positions. AMD Feb Week One (2/5) 92.50 Call Current Stock Price: $87.32 Cost Basis: $87.84 Action: Buy to close the AMD Feb Week One (2/5) 92.50 Call for around $0.05 Sell to open the AMD Feb Week Two (2/12)…
We have four new call positions this week, which I introduced in today’s Perpetual Income Portfolio Club Live Trading Session. You can watch a recording of the session here. If you are not currently in these positions, you can enter them today. Just be sure to purchase 100 shares of the underlying stock first for…
