Let’s book profits on our JPMorgan Chase (JPM) and Skechers (SKX) puts. While the JPM profit is modest, the position is proof that patience and aggressively managing underwater positions pay off. JPM May Monthly (5/20) 120 Put Current Stock Price: $122.08 Cash in Hand: $1.40 Action: Buy to close the JPM May Monthly (5/20) 120…
Skechers (SKX) is down around 5% over the past week, but that is less than the broader market and other footwear stocks. With shares rallying today in the face of a broader market sell-off, I am recommending a new trade on the stock. Given that I see short-term support at $35, I am going with…
Let’s book profits on our Skechers (SKX) put. Current Stock Price: $39.38 Cash in Hand: $0.55 Action: Buy to close the SKX Apr Week Four (4/22) 35 Put Current Option Price: $0.05-$0.10 Recommended Limit: Set your initial limit order at $0.08, but adjust as needed to close today Profit: $0.47, or $47 per contract Rate…
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…
