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.…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
Lyft (LYFT) continues to bounce around but premiums remain high. I am recommending we roll our put out two weeks to avoid assignment and reduce our net debit on the position. Charles Schwab (SCHW) has run up over the past week and our call is in the money. Rather than allow our shares to be…
Marvell Technology (MRVL) is scheduled to report earnings on Thursday, and I do not want to risk holding a position through the announcement. Let’s sell our shares, incurring a net debit. I will recommend a put to sell once the earnings dust settles to reduce that net debit. I am also recommending a call to…
We have calls on Marvell Technology (MRVL) and Charles Schwab (SCHW) expiring today. If MRVL closes above $55, our shares will be called away. If, however, it closes below that level, our call will expire worthless. The semiconductor maker is expected to announce earnings next week. So, if our call expires worthless, we will sell…
I am recommending a call to sell against our uncovered Charles Schwab (SCHW) shares to reduce our cost basis on the position. Note that this trade is only for members who already own SCHW shares uncovered from a previous position. Current Stock Price: $69.02 Cost Basis: $73.99 Action: Sell to open the SCHW May Monthly…
We are on track to be assigned shares of Lyft (LYFT). With the company scheduled to report earnings on May 3, I will be recommending that we sell our shares early next week. We will re-enter the position after earnings come out. Pfizer (PFE) is circling the strike price of the call we sold. The…
Our Charles Schwab (SCHW) put is in the money after the stock sold off late this week on no discernable news. I am recommending we roll our put out one week to buy time for the stock to recover. Plus, we’ll pick up some more income in the process. Current Stock Price: $71.34 Cash in…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
I am recommending we book profits on First Solar (FSLR) and Charles Schwab (SCHW) rather than holding through expiration and risk having to roll. There’s simply too much cash on the table to pass up the opportunity. FSLR Jun Week One (6/4) 74 Put Current Stock Price: $76.77 Cash in Hand: $0.54 Action: Buy to…
