SCHW

OIB Trade Alert: SCHW

I am recommending we book fast profits on our Charles Schwab (SCHW) put, earning an excellent annualized rate of return. Current Stock Price: $58.66 Cash in Hand: $0.28 Action: Buy to close the SCHW Mar Monthly (3/17) 47.50 Put Current Option Price: $0.08-$0.09 Recommended Limit: Set your initial limit order at $0.09, but adjust as…

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OIB Trade Alert: SCHW

Let’s book fast profits on our Charles Schwab (SCHW) put, earning a triple-digit annualized rate of return. Current Stock Price: $79.06 Cash in Hand: $0.70 Action: Buy to close the SCHW Nov Week One (11/4) 71 Put Current Option Price: $0.10-$0.17 Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to…

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OIB Trade Alert: SCHW

Charles Schwab (SCHW) is up more than 9% since the company reported better-than-expected earnings last week on record revenue, helped by rising interest rates and more retail trading activity. Let’s put some capital to work by selling a put. Current Stock Price: $73.77 Action: Sell to open the SCHW Nov Week One (11/4) 71 Put…

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OIB Trade Alert: SCHW

I am recommending we close our Charles Schwab (SCHW) put at breakeven. We entered this position in April 2022, when the S&P 500 was around 4,462. The broader market index is down 16% since then. When the market turned against us, we were assigned shares. SCHW hit a low of $59.35 on June 13. At…

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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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