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…
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…
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…
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…
