Starbucks (SBUX) has bounced back. We rolled our put to buy time for the shares to recover, and our strategy worked well. Let’s close the position now at breakeven rather than risk a downside reversal before expiration. Current Stock Price: $101.29 Cash in Hand: $1.48 Action: Buy to close the SBUX Mar Week Four (3/24)…
I am recommending we roll our Starbucks (SBUX) put out one week to avoid assignment and buy time for the stock to recover. Current Stock Price: $99.44 Cash in Hand: $0.79 Action: Buy to close the SBUX Mar Monthly (3/17) 102 Put for around $2.66 Sell to open the SBUX Mar Week Four (3/24) 102…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the Live Trading…
Given recent trading action and the fact that we have hit our minimum rate of return goal, I am recommending we book profits on our Starbucks (SBUX) put rather than risk having to roll the position if the stock reverses. Current Stock Price: $106.68 Cash in Hand: $0.52 Action: Buy to close the SBUX Feb…
Starbucks (SBUX) is selling off today after reporting quarterly revenue and earnings that missed Wall Street’s estimates. The shortfall was largely due to a spike in COVID-19 cases in China hurting sales in the country. However, same-store sales were up 10% year over year in the United States. Global same-store sales, an increasingly important barometer…
Let’s book fast profits on our Starbucks (SBUX) put, earning a 0.3% return in three days, or 35% annualized. Current Stock Price: $105.42 Cash in Hand: $0.47 Action: Buy to close the SBUX Jan Week Two (1/13) 103 Put for around $0.17, but adjust as needed to close today Profit: $0.30, or $30 per contract
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open First Solar (FSLR) Jan Week Two (1/13) 155 Put for around $0.70. You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $163.69) TRADE TWO: Sell to open Starbucks…
The market is rallying sharply this morning on a lower-than-expected inflation reading. Let’s use this to our advantage to book profits on Devon Energy (DVN) and Starbucks (SBUX), earning annualized rates of return of 113% and 72%, respectively. DVN Dec Monthly (12/16) 58 Put Current Stock Price: $62.52 Cash in Hand: $0.49 Action: Buy to…
Below are the trades from today’s Income Madness Live Trading Session. TRADE ONE: Sell to open Devon Energy (DVN) Dec Monthly (12/16) 58 Put for…
This is not the kind of market where it pays to be greedy. Let’s book a modest profit on our Starbucks (SBUX) put now. Current Stock Price: $97.27 Cash in Hand: $0.59 Action: Buy to close the SBUX Nov Monthly (11/18) 97 Put Current Option Price: $0.34-$0.37 Recommended Limit: Set your initial limit order at…
