Below are the trades from today’s Income Masters Live Trading Session. Alphabet (GOOGL) Current Stock Price: $132.59 Action: Sell to open GOOGL 11 Aug 128 Put for around $0.80. You can go as low as $0.72. Target Exit Price: $0.20 Advance Auto Parts (AAP) Current Stock Price: $74.21 Action: Sell to open AAP 18 Aug…
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…
Below are the trades from today’s Income Masters Live Trading Session. Cheniere Energy (LNG) Current Stock Price: $160.81 Action: Sell to open LNG 15 Sep 145 Put for around $1.40. You can go as low as $1.30. Target Exit Price: $0.40 VanEck Semiconductor ETF (SMH) Current Stock Price: $156.92 Action: Sell to open SMH 11…
Let’s book profits on our VanEck Semiconductor ETF (SMH) bull put spread, earning a 3.2% return in three days, or 389% annualized. Current Stock Price: $246.57 Cash in Hand: $0.22 Action: Buy to close the SMH Mar Monthly (3/17) 232.50 Put for around $0.10 Sell to close the SMH Mar Monthly (3/17) 227.50 Put for…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the SPDR S&P Regional Banking ETF (KRE) Mar Monthly…
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…
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…
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…
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…
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…
