SMH

Income Masters Trade Alert: SMH, TGT

Given the market’s continued sell-off today, I am recommending we again roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…

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Income Masters Trade Alert: SMH, TGT

I am recommending we roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) to lower strike prices while keeping the expiration date the same. This allows us to keep our hedges in place while taking some profits off the table. The profits we book will reduce our cost basis on the…

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Income Masters Trade Alert: SMH, TGT

Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) positions by purchasing puts. Note that these are purely defensive positions. The goal…

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Income Masters Trade Alert: SMH, TGT

The short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads are on track to expire worthless. We will simply watch them do so. We recently reconstructed the TGT trade to bring it in line with the current share price. We may need to do something similar with SMH, closing…

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Income Masters Trade Alert: MU, SMH

I am recommending we roll our Micron Technology (MU) and VanEck Vectors Semiconductor ETF (SMH) calls to reduce our cost basis on the positions. MU Aug Monthly (8/19) 64 Call Current Stock Price: $62.84 Cost Basis: $67.88/$71.33 Action: Buy to close the MU Aug Monthly (8/19) 64 Call for around $0.17 Sell to open the…

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Income Masters Trade Alert: SMH

I had planned to reset our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread. However, given the runup in the ETF over the past month, I have instead decided to recommend selling a call against the existing LEAP to reduce our cost basis on the position. We may still roll the LEAP next month depending…

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