SCHW

OIB Trade Alert: SCHW

I am recommending we roll our Charles Schwab (SCHW) 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 on…

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OIB Trade Alert: GM, SCHW

I am recommending we roll our General Motors (GM) and Charles Schwab (SCHW) puts to higher strike prices to generate more income and reduce our net debits on the positions. Note that we are rolling both positions out to the Sept. 9 expiration. You can enter the second leg of today’s trades even if you…

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OIB Trade Alert: SCHW

We were called out of our Charles Schwab (SCHW) shares after the stock ran up sharply last week, incurring a net debit on the position. The stock has struggled since late March, but things seem to be looking up, thanks in part to rising interest rates. I am recommending a put to sell to reduce…

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OIB Trade Alert: SCHW

Charles Schwab (SCHW) has run well beyond the strike price of our SCHW Jul Week Five (7/29) 64 Call. I am recommending we allow our shares to be called away. I will recommend a put soon to reduce our net debit on the position. Current Stock Price: $69.51 Cost Basis: $69.24 Action: Allow shares to…

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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: BAC, C, SCHW

Disappointing earnings from JPMorgan Chase (JPM) and Morgan Stanley (MS) led to a sell-off in financials Thursday that spilled over into the broader market. But stocks came roaring back on Friday after retail sales data beat forecasts. The financial sector outperformed following better-than-expected results from Citigroup (C) and Wells Fargo (WFC). Citigroup’s second-quarter profits beat…

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OIB Trade Alert: SCHW

Charles Schwab (SCHW) has sold off with the broader market this week. I am recommending we roll our call out two weeks to generate more income and reduce our cost basis on the position. We are moving our strike up to capture another $1 in potential appreciation. Note that this trade is only for members…

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OIB Trade Alert: BAC, SCHW

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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