SMH

Income Masters Trade Alert: SMH

We booked a fast profit on our VanEck Semiconductor ETF (SMH) bull put spread in today’s live trading session, earning a 7.2% return in two days. We then turned around and placed a new spread trade on the semiconductor ETF. Current Stock Price: $160.72 Cash in Hand: $0.63 Action: Buy to close the SMH 11…

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Income Masters Trade Alert: SMH

Micron Technology (MU) is falling today after the company reported fiscal first-quarter 2023 results that missed on the top and bottom lines. The company also said it would be reducing its headcount by about 10% next year and suspending bonuses. To top it off, management issued a disappointing forecast for the current quarter. Micron is…

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Income Masters Trade Alert: SMH, TGT

Our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) protective puts are on track to expire worthless. We will simply watch them do so. We were able to pocket some profits on the puts by rolling, which helped to reduce our cost basis on the positions. Depending on how the market behaves, we may continue…

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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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