SONO

OIB Trade Alert: SONO

Sonos (SONO) is up 2.5% since we entered our trade and the put premium has fallen sharply. Let’s book fast profits with a triple-digit annualized rate of return and free up capital for new trades. Current Stock Price: $22.50 Cash in Hand: $0.29 Action: Buy to close the SONO Jun Monthly (6/17) 20 Put Current…

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OIB Trade Alert: SONO

Our Sonos (SONO) call expired worthless on Friday leaving us with uncovered shares. The company is scheduled to report earnings on Wednesday, and I do not want to hold a position through the announcement. Thanks to today’s rally in the stock, we can exit with a small profit. Current Stock Price: $35.32 Cost Basis: $35.19…

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OIB Trade Alert: SONO

Our Sonos (SONO) Nov Week Two (11/12) 35 Call is on track to expire worthless. We will simply watch it do so. The company is scheduled to report earnings on Nov. 17. I plan to recommend selling shares prior to the announcement and re-entering the position once the earnings dust settles. Current Stock Price: $34.12…

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OIB Trade Alert: SONO

I am recommending we sell a call on our uncovered Sonos (SONO) shares. The income we generate will reduce our cost basis on the position as we work our way toward breakeven. Note that this trade is only for those who already own shares on SONO uncovered from a previous position. Current Stock Price: $34.46…

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OIB Trade Alert: PFE, SONO

I am recommending we roll our Pfizer (PFE) and Sonos (SONO) calls out one week and to higher strikes. This will allow us to capture more potential appreciation. PFE Oct Week Four (10/22) 42.50 Call Current Stock Price: $42.54 Cost Basis: $46.70 Action: Buy to close the PFE Oct Week Four (10/22) 42.50 Call for…

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